HI I WISH TO KNOW HOW LONG DID YOU TRADE BEFORE BECOMING SUCCESSFULL?I HAVE BEEN TRADEING FOR 2 YEARS AND NOT YET SUCCESSFULL(BLOWN FEW ACCOUNTS)First was $82, second $187...third $280+?
If my first trade goes as I plan, I will have the new account at $50 this month, already at $5...
From $1 to Million - Forex Journey
- Thread starter OnlineA
- Start date
- Sep 7, 2012
- 653
- 364
Years...before I was able to live off it.
I WISH TO GET YOUR OPINION ON THIS,WILL STUDYING TRADEING FROM YOUTUBE MAKE ME SUCCESSFULL TRADER?
- Sep 7, 2012
- 653
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No, study the chart instead.
- Sep 7, 2012
- 653
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Plan went well, just took a bit longer. Now I am at $55 with the 3rd account! Not worth posting, yet...waiting until I get over $100 again, to load the chart on myfxbook. Wish me luck.
So to sum up...1st account I took from $1 to $86, I think. Second from $1 to $187...and now the third from $1 to $55. I hope this 3rd can make it above $200 and then it should hold.
kweiss
Power Member
- Feb 3, 2016
- 553
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What is the point of trying on multiple accounts? DIfferent currencies or strategies?
- Sep 7, 2012
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The first 2 accounts blew up. This is ultra risk trading, with such low amounts.
But the best possible trading training.
kweiss
Power Member
- Feb 3, 2016
- 553
- 239
The first 2 accounts blew up. This is ultra risk trading, with such low amounts.
But the best possible trading training.
I understand.
Do you know the cause why the accounts blew up? I mean your strategy worked for some time. You grew 1 Dollar into more than 50 fold.
Did your SL not hit or did slippage on the broker's side kill the account?
I am just trying to understand because with a SL, the accounts would not blow up.
Are you trading manually (open and close)?
theseoguy111
Junior Member
- Apr 29, 2017
- 136
- 29
Looks like your a long term member of FF - similar to me, since 2008 in fact.
I focus on a set number of pairs and look for confluence. Along with other basic PA analysis. Would be interesting to hear your criteria.
Keep up the good work.
- Sep 7, 2012
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At this little trading amounts...account size is the stop loss.
I mean, when 5-10 pips against you can kill the account, there is no point to even set a SL.
- Sep 7, 2012
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You didn't mention you blew the first account.
But I can see you managed to make it back with another account. But I doubt you trade manually, who would put such effort to grow $1?
Good luck
I trade on the $1 accounts in between my other trading...I am starring at charts 15-20 hours a day...there are plenty of boring hours, where I can do this and practice good entries and exits.
- Sep 7, 2012
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Me, too, been on FF since 2010 or so, but having an account there since 2014. Recently I stopped posting there due too many trolls, but its fun to read, anyway.
As for the other part of the question...I think I wrote about it in this thread already, its too complex, but comes mostly from experience.
B1TCS
Power Member
- Jan 30, 2018
- 788
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Have you tried trading for prop firms? I can see on your myfxbook that you make a profit consistently, it would help you to earn larger amounts
- Sep 7, 2012
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I don't like prop firms, because I like to trade under my own terms...I can't follow all their rules and be trading as I am used to at the same time.
B1TCS
Power Member
- Jan 30, 2018
- 788
- 880
What about FTMO? They can fund you up to $300K
- Sep 7, 2012
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I know about them...I don't like their "rules". I tried to adjust my trading style for others, it never worked...so I don't do it anymore.
