I’ve been trading forex 5 years and the last 2 years on a full time basis. I have learned money management is the key to any successful trading business as I adhere to keeping my stops very tight 20-30 pips. On average over the years I have achieved 1:1 risk reward ratio and 10-20 percent monthly returns. I dont believe in over trading and I will take 1 to 2 trades on a nightly basis. I just registered myself as a signal provider and I would like to journal my journey as a Signal provider with Zulu trade.
Since introductions are completed I am compiling this journal to track my journey as a SP and to document my thoughts on trades and progress on Zulu trade.
My first trade was completed on the pound dollar and it was successful for 19.4 pips stop was set at 12 pips above the prior high. If i held onto the trade it was a 90 pip move however the goal is to make short and steady gains. My rank as of yesterday is 17499. This needs to be improved by weeks end.
My goal is to improve upon my own trading and I believe journals are a great way promote great discipline and to keep myself accountable for my own thoughts and actions.