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dkilmer

Member Since Jun 07, 2015  88 posts Flying Spaghetti Monster (dkilmer) Jan 05 at 14:37
snapdragon1970 posted:
Hi Guys, I'm going to start a small challenge, one of my friends at work has put down a challenge for me.
How much profit can I make on a small account trading Forex starting from the first day of Trading 2017-DEC 1,his only rule: minimum balance opening limit.Well I'm not one to shy away from a challenge , this will be a live account and I will post results as it happens.


are you going to make the account public on here so we can actually see the stats your are generating? No point in talking the talk unless you prove you are walking the walk...... just sayin'

Everything in the market is like a fart, if you have to force it, it is probably shit
snapdragon1970

Member Since Sep 12, 2015  1463 posts kieran (snapdragon1970) Jan 05 at 14:47
Yes of course ,that's the whole point of the exercise, so people can see what I'm doing, I might run a demo to for stocks if anyone is interested in stocks although end of Jan is usually a better time for buying.

snapdragon1970

Member Since Sep 12, 2015  1463 posts kieran (snapdragon1970) Jan 05 at 15:38
The spread On EUR/GBP is usually more than On EUR/USD, more volatility usually means more defined areas of support and resistance though, The trading times too will be more suited towards EUR/GBP, at the open of the London session the first 15mins is pretty busy,9.30 some action then 11-11.30,after that 1.30,then 3.30-3.50.I will be keeping an eye on any important news that will effect either . That makes for about 5 trades on a good day, usually 2-3 though if its a strong signal . Its better not to trade after 4.30 if possible otherwise it drags out till 7-7.30.

yersonv

Member Since Aug 07, 2016  24 posts yersonv Jan 08 at 07:49
snapdragon1970 posted:
Yes of course ,that's the whole point of the exercise, so people can see what I'm doing, I might run a demo to for stocks if anyone is interested in stocks although end of Jan is usually a better time for buying.



You really have good desires with this challenge. I hope I achieve its goal.

yersonv

Member Since Aug 07, 2016  24 posts yersonv Jan 08 at 07:49
@snapdragon1970 And we're going to need to see that account! wink

snapdragon1970

Member Since Sep 12, 2015  1463 posts kieran (snapdragon1970) Jan 08 at 17:29
Yeah that wont be a problem, you can ask questions within reason.

snapdragon1970

Member Since Sep 12, 2015  1463 posts kieran (snapdragon1970) Jan 11 at 16:46 (edited Jan 11 at 16:48 )
I will be opening this tomorrow, been busy with other tasks, on another subject its 9 days till Trump takes his seat, the Auto industry is looking good, Fiat has done really well since I took a position on 20/10/16.

Trump opened talking about how the auto industry will be expanding with Fiat, Ford and Chrysler who will be building new plants in the US while Ford are cancelling their contract to build a billion dollar plant in Mexico and instead build business onshore. Trump is now taking questions in respect to Russian ties/ potential hacks and fake news.

anumalik

Member Since Mar 31, 2012  6 posts Aspirex (anumalik) Jan 12 at 08:21
eur/usd going for long upto 1.062

snapdragon1970

Member Since Sep 12, 2015  1463 posts kieran (snapdragon1970) Jan 12 at 16:59
Welcome aboard this exciting journey, I just opened the first trade today at 16.34 on EUR/GBP its a long position , possible break out coming , ill post pictures of the trade if anyone want verification, up 2% at 17.00.

snapdragon1970

Member Since Sep 12, 2015  1463 posts kieran (snapdragon1970) Jan 12 at 19:22
We made a second trade on EUR/GBP , between both trades 5% ,just closed the second trade at 19.12 , no losses yet. It's not much on 100euro but this is about growing it slowly , some days we will make more some days we will lose, I missed the earlier trade around 3.30 away from pc.
That's it till tomorrow at 9am , why 9, well that's when traders are a bit more settled.

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Consumer Confidence Adj (2h 50min)
AUD/NZD clocks 18-month high on RBNZ man...(13 min ago)
EURUSD 1.18365 GBPUSD 1.31322
USDJPY 112.954 USDCAD 1.24946
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.