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My thoughts

Jun 30 2020 at 09:56
364 posts
With 100k extra € in my pocket I'd spread 20k to 3 different trading accounts (which I already have) but would trade with the exact same strategy on all 3 ones (maybe only with 1 or 2 currency pairs), and then would just live from the 40k left, for a starter. Should be fine to do it like that, you won't need a main job anymore. But this goes only for good traders who can make let's say a monthly consistent profit of 5-10% on all the trading accounts they use. A 5-10% profit from a 20k account can be an income of 1-2k/month (e.g. in Germany the minimal cost of living is around 1-2k€/month, depending on where you live).
With EAs it can be more difficult though because different brokers/trading accounts can be totally different at the end.

patience is the key
Sep 06 2020 at 16:45
484 posts
SebastianPawl posted:
You know, a lot depends on a trader's experience and preferences, I think it's no secret for you that even with a small capital you can make a stable and good income, but if the leverage helped every trader to earn millions - the market would have collapsed long ago.

Yeah that true. trader need knowledge of the market to make profit. I recommend first invest small. Then think later about big amount.

Oct 16 2020 at 09:30
39 posts
That is a great insight. It is true that the traders who are professionals by now can afford to use and implement this strategy to make more money and live a comfortable life.

Oct 16 2020 at 12:39
47 posts
I wish to reach that point in my life where I can leave my current job and concentrate on trading full time.

barbarawright (barbarawright)
Oct 19 2020 at 11:12
37 posts
I’ve always wondered if having many different accounts is better than 1. I’m still demo trading on 1, just need opinions.

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