Originally Posted by
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Hey Everyone,
I just opened an account with FXCM (for its leverage) and I have decided to experiment with a new platform. I will be posting all of my trades, and balances, as soon as I close the trades. Beginning August, I will post screenshots of my account report, at the conclusion of every month (will edit my personal details for anonymity).
Details of my account:
Amount Deposited: $300 (the initial deposit will be removed once my account hits $1300)
Leverage: 1:200
Lot size: is based on the commerce and my comfort level at that time.
Pairs exchanged: Mostly GBP/USD, but I will exchange whenever an opportunity arises.
Rules/System:
1. Never let your account go below $300. (Maybe not possible the first transaction )
2. Simply open a situation when all fundamentals point in 1 direction.
3. Simply add to a winning place, rather than into a loosing one.
4. Fundamental technical analysis like support and resistance levels, pivot points and trendlines.
My first egy is to pick the very best possible trades, which the intention to preverse my deposit. 2 trades a month is more than sufficient, however when opportunities arise, I will get in. I won't care even though I do not make any trades this year. An impartial return expectation IMO would be approximately 50-60percent a month. Depending on the market conditions, I might even opt to go all in on a few trades.
Any questions, remarks, suggestions, welcome.