Quote:
Originally Posted by BECCY
Good for you, forex lady!
Who is your broker now?
Are you trading manually or still using an EA?
Regards! And keep posting your success!!!
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I trade direct ECN broker. Do not like regular dealing desk brokers. They are 90% scams.
Good luck to you.
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Quote:
Originally Posted by tusjan
ill planing to start with $100
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Unless you will be trading $.10 a pip, you will not last long.
In my experience, $5000 or more is what a trader should start with.
The reason is simple. As human, we do not have the discipline to stick to the rules.
Eeveryone is looking for instant gratification.
If you place you money on a money market, they will propably offer you 1 to 2% annual return on you money. Most people are very happy with that and are patient enough to keep the money in the bank.
The same individual with a forex trading account will have a hard time trading at $.50 or $1 a pip.
Note that if you are trading at $1 a pips targeting 100 a month, you will make more money on your investment than you would with the bank.
The key is to have a good system and understand how to control your greed.
This is just my 2 cents
Good luck