Live Trading.

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.

minimum balance opening limit?

Haha, nice bet, kieran. It will be interesting to follow your challenge – good luck!

dkilmer posted:
minimum balance opening limit?

No more than the min opening amount.

TiffanyK posted:
Haha, nice bet, kieran. It will be interesting to follow your challenge – good luck!

Thanks TiffanyK.

snapdragon1970 posted:

dkilmer posted:
minimum balance opening limit?

No more than the min opening amount.

I still don't get it . Give some examples.

Any ideas on what pair I should trade in 2017?

Will be starting this on the 1st Jan ,looking forward to knocking the ball out of the park.

*crickets*

I will be starting this on Monday, pairs I will be trading eur/gbp and eur/usd ,its going to be pretty tough E17 margin, min stop loss is E5 ,that's on eur/usd.On eur/gbp its E17 margin and E6.65 min stop loss, ideally it should be around 1.5-2% but I did say we would stick to the minimum opening balance of E100, just got to be very selective of our trades with high rewards/deviations.

snapdragon1970 posted:
I will be starting this on Monday, pairs I will be trading eur/gbp and eur/usd ,its going to be pretty tough E17 margin, min stop loss is E5 ,that's on eur/usd.On eur/gbp its E17 margin and E6.65 min stop loss, ideally it should be around 1.5-2% but I did say we would stick to the minimum opening balance of E100, just got to be very selective of our trades with high rewards/deviations.

Hi @snapdragon1970! How do you handle the challenge?

dkilmer posted:
*crickets*

hahaha

Sounds good on paper...but...


Do you have a trading plan that you´ve practiced on a Demo which you will use and take this seriously.--- disaster awaits...sorry due...


But if its just for fun and the bet is who will pay for next strippers in vegas then I´m up for it..! Take me there...you know, just to make sure he pays up!!


But if its a serious thing you gonna use to eventually take Forex seriously, likely to go bellyup.


Duane
DRFXSWINTRADING

Yes there is a trading plan, Make as much money as possible, if I beat 5% a month I will be doing better than most hedge funds, I will explain the plan as I go along, obviously before trades are taken, I don't want to give to much away at this stage, this is for entertainment purposes, but all trades will be live. We cant be thinking about strippers while trading, that's for end of month. Don't get too excited here we are trading FX, losses will be part of the game but how long can we stay in the game.

ilian1 posted:

snapdragon1970 posted:
I will be starting this on Monday, pairs I will be trading eur/gbp and eur/usd ,its going to be pretty tough E17 margin, min stop loss is E5 ,that's on eur/usd.On eur/gbp its E17 margin and E6.65 min stop loss, ideally it should be around 1.5-2% but I did say we would stick to the minimum opening balance of E100, just got to be very selective of our trades with high rewards/deviations.

Hi @snapdragon1970! How do you handle the challenge?

Good entry points, low risk high reward trades, move stoploss to break even point when appropriate, play on some intra day behaviour too...etc.

Live trading is:
It is working hard, being clear on the goals, studying the trade with caution and taking care of every move when it comes to trading because we do not want to eat serious mistakes. That is Live trading.

Probably write a poem about this. hahaha 😁

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.

I think Forex trading is not for making challenges, if it is a demo account there is no problem, but live you can lose a lot, better if you take it seriously.

snapdragon1970 posted:
Yes there is a trading plan, Make as much money as possible, if I beat 5% a month I will be doing better than most hedge funds, I will explain the plan as I go along, obviously before trades are taken, I don't want to give to much away at this stage, this is for entertainment purposes, but all trades will be live. We cant be thinking about strippers while trading, that's for end of month. Don't get too excited here we are trading FX, losses will be part of the game but how long can we stay in the game.

Sorry, I had not read this. It's ok!