Please post your MyFXBook stats page link to the Live account you are using for the $40 to $1000 challenge.
Here is the monitoring of my first attempt to disperse the score. On the first attempt, it was possible to increase the account from $ 1-$ 20 for 4 months. But then he played too much and merged. Psychology got in the way. On the second attempt, it was possible to increase the score by 28 times in 4 months. But just played too and merged. I did not monitor this account. There is a report on my trade.
Just telling us about it doesn't count.
Create a fully verified and validated MyFXStats page for a live trading account that shows a starting balance deposit of $40.00 USD
It only takes a few minutes to set up a stats page and properly validate it.
$40 to $1000 is harder than $4000 to $400,000 . If you have a $40 account you will have to use 0.01Lot at most and even that will be a lot for such a small account. I do not think that you can have good risk management on a $40 account
Merrill posted: $40 to $1000 is harder than $4000 to $400,000 . If you have a $40 account you will have to use 0.01Lot at most and even that will be a lot for such a small account. I do not think that you can have good risk management on a $40 account
You're wrong. Account size doesn't determine if you can have good risk management.
Risk management will determine the size of your trade and the maximum level of margin exposure at any one time.
Risk management should be the priority to protect the account at all times.
As long as your leverage is appropriate for your account size, and you don't over leverage yourself with such a small account, then yes it is possible.
Trade properly and allow the account to build up slowly over time.
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