You can read about it in Chapter 8 of Millionaire Traders, a book by Kathy Lien & Boris Schlossberg. There are some free online copies floating around or you can msg me if you need a link. Long story short the account went from 7k to 145k in about 9 months. It was mostly news trades and round number breaks.
Please send the link to me. Thanks
I found the PDF… my portion starts on page 214, but lots of interesting reads besides mine Millionaire Traders.pdf (1.8 MB)
Also do not forget account leverage and what currency your trading in. I was told in no way shape or form I could have trade with 23 different pairs open with No stop loss with account of $200. Thats on My Proof Profit Strategy Thread. Depends on your Broker. I have a 1:1500 Leverage trade USD
Scalping the 1 minute chart today with account starting under $300 will have have scalped almost if not over 300 pips right now at 143.9 pips ( did not make goal …market kept going the other way. Tomorrow’s another Day
Live Account trading EURUSD ( scalpers be warned WATCH OUT FOR FOREX NEWS)
It takes Patients, discipline, and self-control. … now trading above and below 100 Yellow MA
Looks like a good scalp coming into play here on EUR/USD just before 1.20 round number break. Probably a lot of stops sitting above that could pickup the volatility and let it run higher.
Oof 1 minute. I don’t think I have the guts to do that! Good for you!
I am finding 15 min and 30 better. Your Right
1 and 5 minutes sounds SUPER intense.
Not really it just constantly repaints. 5 Min not so much .I been using a free Indicator Ipanel Trend
when trade is showing 90 to 95% strength above or below 200 Moving average on the 15 to 30 Min chart I test with .01 lot size and then increase. Try to make sure to catch on higher high or lower low.
Any updates on the progress?
yes I tried a new software and forgot to turn it off. Blew My account. Trading at $24 today. I am still able to trade my account. Time for a Challenge
Oh no that’s a bummer! I only trust myself to execute trades, but I’m old fashioned like that
It probably was the best thing to happen to me. I have been laser focused. With such a small account no room for mistakes. Monday I grew it by 16% and this morning 5%. My daily Goal is 5% so I am done for the day. ( it’s 4:00 Am) All I need is discipline and I will be Awesome
Wow, how long have you been trading?
Off and on a few years. Serious trading over a year. You have to look at trading like getting a Master Degree. Once you get a Master Degree then you have to start from bottom and slowly build your way to the top.
I gone thru the education now, I know what kind of trader I am , I am learning from my mistakes, and learning patience.
One more trade and I will hit my Goal for the week and I will be done. ( as long as trade goes my way)
Nice! Discipline right there.
Stop trading for the week on a Tuesday? If your doing so well why stop, that’s the time to press in my opinion. Normally when i exceed my monthly target i will use the extra to try to make a good month great.
OK I agree I was watching a great .
video on How to grow a Very Small Forex Account Fast | 100 + Pips on Youtube.
Wow 10:00 , 13:00 and 15:00 GBP pairs and others London time usually trade the same direction. Just look for the pattern. I have been able to build live and demo accounts from 25 to 50 % just trying this out. Still have not perfected it. Real game changer
This is absolutely possible. If you can’t grow a 300$ account, you Will not be able to grow a Big account either.
Just trade microlots (0.01) and find a broker with Zero spread account. Comission Will be 6$ per lot, so just 0.06 for a microlot, no spread. This is very affordable and tradable.
Depending on the pair, but say that a 10 pip move Will be 1 dollar, so you could set a 60 pip stop loss and your Risk would be 2%; not bad IMO
If your strategy needs more than 60 pip SL, save more money, as you Will need a larger account to have a reasonable risk