risk capital building
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Thread: risk capital building

  1. #1
    Hi, I am searching for suggestions to build a trade capital. Would love your personal experiences on this, what worked,what didn't. I understand you can start with a small amount of money these days but I am curious to know whether its potential and get a head start by skipping mini accounts.... As always thank you

  2. #2
    Try casino bonus hunting(google for bonus hunting should you wish to learn more). That was my way of building starting funding.

  3. #3
    But remember, reduce the risk, lower is the return. I'm working a second job, and with all of that money to trade.

  4. #4
    RaistinI did a quick search on google and trying to comprehend what it is all about. I am not sure how casino bonus hunting has lesser risks then investing in a mini/micro account and construction up that? thnx, Ed

  5. #5
    Work in an oil rig.

    Guaranteed cash, you'll get in shape [should you work on a land based service rig which is - everything is steel and f%king hefty and you move it under your own power ], you're work a lot of hours but the upside is you won't have enough time to invest your cash so that it's a lot easier to save, you get paid to ride in a truck to and from work, full benefits.... Drawback: 60-80 hours per week, you work 7 days per week, can be dangerous [h2s gas, heavy suspended items etc], the men you work with may not be the nicest, in the summer its damn sexy, in the winter its DAMN cold... You will find a few more and -'s but you get the idea.

    In 6 months you'll be able to take home $30,000 [thats right - take home - that's after taxation ]. The rigs have taken a lot away from me, but they have given a lot back. Something to consider in the event that you're a Canadian, Alberta is screaming for rig palms.

    Means to an end.

  6. #6
    I always use a account. Even in the event that you have 10k, then it's still possible to utilize 2.11 lots or something. It gives you better and granularity risk management.

    Say you get a 10k regular account and risk 5% every transaction with margin of 100:1. You can make 47 bad transaction before you were wiped out.

    Mini account would be 94 transactions
    and micro would be 141 trades

    basically with 10k standard you have 1000 pips to loose (you would be amazed how fast they move ) but using a mini you have 10,000 along with a micro you have 100,000.

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