I think monthly withdrawal of 20% is better, but you can withdraw every 3 month or 6monthly.
For 100k i think you need a bigger piggy bank. Put it into stack of 100 dollar notes. It looks like movie show stash of hard cash. LOL 
Lastly, don’t underestimate Luck factor in trading (A.K.A. THE FORCE)
Be aware of your Force, whether its strong or weak. Trade only when you feel the force is strong!When i feel my force is weak. I take a break.
Not to sure I follow you Alpha - no force here mate. Just speculating using a proven to be profitable method with a nice positive expectancy over the long run.
Anyway, sit tight, it’s going to be a long ride.
Yap, I am pretty much agree with alphahavoc. Not put big amount of profit in account. But also not in piggy bank. I also monthly withdraw some amount of profit from my account (its not always 20% but at least an amount). You can also withdraw the amount every 3 months. Finally I don’t depend on luck fully for trading result. Trader must have the proper knowledge and should have own try.
I agree that trader should have proper knowledge. But i disagree that a trader should disregard developing awareness for personal luck factor.
If don’t like to talk about luck. We can label it as mental acuity. A trader should learn to develop awareness of ones own mental acuity. When the sharpness is off and when the mental clarity is back. Last but not least, developing discipline to stop trading when you feel your game form is off is important as well.
guys your agree or disagree doesnt change nothing the trader itself is in charge no matter what you thinks , and it seems and obvious he doing what he does , just let him and enjoy the journal
Interesting Risko. Risko should just follow the strategy that Risko has or else there will be a bigger chance that he/she will not succeed. Good luck!
Great stuff, I signed up at the website for the updates. Great site by the way.
Damo:sunglasses:
Hail RISK, we who are about to trade Salute you. 
The Ever Trade On Braugh, Trade On VIPER
Sounds good, however if FXBlue is similar to MYFXbook then the figures can be manipulated by someone not even associated with the particular account. ask my friend Dr. Google, he/she knows everything. I’m not a nerd but even I was able to mess with it…Have fun, make 10% a month and be happy…
Cheers TV - however you know as well as I do just how much these hype accounts have a tendency to burn out over time!
It’s bound to be an experience either way and i’m quietly confident, even though it’s going to be a long journey.
And if it fails, well - I can go and work for ICT 
Thats such a cheap shot bro.
But I see the mods acted very quick today. The system does work!!!
Hi Paul,
This is true, but sometimes we just have to work with what we have - even if it can be manipulated after a little work and research. I’m sure there will be other ways to prove the legitimacy of the account if it becomes a serious question later down the line.
I can’t quite figure out where the cheap shot was, but good to know the system is working 
Hey RISK, _bob’s comment was sarc’. It’s funny as G B Shaw said “England and America are two countries separated by the same language.” When we throw Aussies, and Anzac’s into the mix, well it can be, hehehe a bit interesting. I laughed when I saw _bobs comment, like anyone could ever take a cheap shot at Mikey, he deserves everyones derision.
The Ever Wandering VIPER
For what it’s worth i’ll drop this blog entry here - hopefully useful for the new traders who wonder what really is going on… it’s no conspiracy…we don’t buy or sell anything!!
Before we get into the depth of this question it’s important to realise that Retail Brokers are split into two categories, this clear split is rarely discussed, but essential in understanding how Retail Brokers operate.
The first category of Retail Brokers are used by many new and moderately experienced Retail traders. These are Market Makers (MM) and provide liquidity to the Retail clients. The immediate distinction of these types of Retail Brokers is that they aggregate all client orders, known as internal pooling and do not offer Direct Market Access (DMA) to all individual clients. These pooled orders are offset with each other by the Broker back of house, any remaining long or short exposure is then passed to the underlying Spot FX market according to the Retail Brokers risk appetite through its own Liquidity Providers (LPs) . A Retail Broker in this category will not pass all individual client orders to the FX Spot market – this is important to realise. It’s equally important to realise that this should not be frowned upon, this is a normal business model and without MMs the Retail FX community would not exist as we know it today – at least in the sense that we can open accounts with ridiculously small deposits of less than £100,000.
From personal experience, I would not hesitate to say that 98% of all Retail Brokers fall into this category, the remaining 2% of Retail Brokers fall into the secondary category of DMA. Gaining DMA is not cheap, it’s also not for new or moderately experienced traders either. As a rule of thumb, the typical minimum opening balance for a DMA Broker is around £100,000 for UK clients (likely to increase with new regulation coming into play in 2018) – ranging to $1M for US clients [the differences are due to geographical changes in regulation]. In fact, for US clients these accounts also require a minimum value of liquid cash and assets before an application can be processed depending on the account type being applied for.
So, what does this mean – it means that we are all [probably] using a MM Retail Broker. For the sake of completeness there are some MM Retail Brokers who distinguish who their profitable Retail clients are and choose to pass these orders to the underlying Spot FX market (depending on the size of the order and the track record of the Retail client – we can come onto this in another post: it’s known as A-Book and B-Book clients).
So, assuming we are all using MMs - are we then really buying or selling into the FX Spot Markets, or are we betting against the Retail Broker and their own individual clients (from an aggregated view)? This is the important question that you need to think about. With DMA, a transaction IS taking place, you are buying or selling a currency pair on the REAL UNDERLYING Spot FX Markets: however, this does not take place with typical MM Retail Brokers. You may find it entertaining to log into your trading platform, regardless of it being MT4, MT5, cTrader and any other platform – we all see the same two big buttons which say ‘BUY’ and ‘SELL’ – this is deeply misleading and incorrect terminology.
Personally, I would look at these as a ‘LONG BET’ and a ‘SHORT BET’. This is all you are doing as a Retail client, placing a bet with your Retail Broker. You have absolutely no interaction with the Spot FX Markets, you are also never buying the base currency and simultaneously selling the quote currency of the pair in question. So, you may be wondering why Retail Brokers run this business model, it’s quite simple really – it’s all about maximising the profit for the Retail Broker, and in some instances minimising the risk of real market exposure.
We all know that a currency pair has two price quotes and the difference is equal to the spread. This is the cost of the transaction that we Retail traders must pay, we are quite literally at the end of the chain in this ‘mark-up’ process – this spread is also the profit that the Retail Broker obtains. However, if the Retail Broker does pass our trades to the Spot FX Market, they themselves would also have to pay spread to the LPs. Therefore, a proportion of the profit made by the Retail Broker by spread is paid to the LPs, also in the form of spread.
The spread charged by the LPs is always less than the spread charged by the Retail Broker to the Retail client [you and me]. The net difference between the two is the Retail Brokers true profit. However, if the Retail Broker does not pass orders to the Spot FX market and rather offsets these orders back of house against the client pool, the Retail Broker does not have to reduce its profits gained from the spread we paid as Retail traders… read this a few times and the penny will drop.
Therefore, as Retail clients we are always interested in the lowest spread possible – this means Retail Brokers have high competition against one another to win business in the Retail sector. This creates a problem though, by reducing spreads the Retail Brokers profits are also reduced. How does the Retail Broker manage this? They don’t interact with LPs wherever possible and so manage to keep all the profit gained from spread. It’s all about profit maximisation for the Retail Broker, and therefore they don’t offer DMA. DMA reduces their profits – this is all in the small print when you open a live account, take a look.
So next time someone asks you “what do you do”; you’re most definitely not a trader but rather a speculator. Speculating as a Retail FX client is a highly misunderstood profession, at least from a knowledgeable point of view and understanding how Brokers operate.
me neither, just hope it wasn’t me !!
Hi RiskonFX,
Godspeed to you my friend!
Hi.
Please let me know when this site will be going live? Thanks
Hi Brendan,
I’m not totally sure myself at the moment - it’s no secret that I work in commercial finance at the same time. At the back end of last year I was offered a six month contract for a Swiss company, being based between Manchester, Riga and Geneva. This wasn’t the plan when creating the website and public journal.
Ideally I’d like to get this out of the way before focusing on the Journal as I simply wont have the time, or rather enough time to make it worthwhile for myself and those involved.
I still intend to get the ball rolling this year, so if you’re not already subscribed then please do as notification will be sent out closer to the time of launching the account.
