How do I capitalise on a winning strategy

L

luckyviva

Hello everyone! I have a really interesting strategy for GBP/JPY with over 80% of trades winning. Would love to hear from you, how I can capitalise on it or suggest ideas. Note that, I have no funds currently invest on my own.
 
luckyviva said:
Hello everyone! I have a really interesting strategy for GBP/JPY with over 80% of trades winning. Would love to hear from you, how I can capitalise on it or suggest ideas. Note that, I have no funds currently invest on my own.
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Do note that win rate on its own doesn't mean anything. You can have a win rate of +90% but still lose money. You do need to do some other calculations (profit factor, risk:reward, expectancy, ...)

Regarding the funds, all you can do if you have no funds currently is save up until you do have saved enough funds to start out with. Take an extra job (or 2), cut all costs that aren't completely necessary. The advantage of Forex is that you can trade very small size so you don't need a super large amount of money, however don't expect to make a noticeable income on a $1000 account.
 
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DevBru said:
Do note that win rate on its own doesn't mean anything. You can have a win rate of +90% but still lose money. You do need to do some other calculations (profit factor, risk:reward, expectancy, ...)

Regarding the funds, all you can do if you have no funds currently is save up until you do have saved enough funds to start out with. Take an extra job (or 2), cut all costs that aren't completely necessary. The advantage of Forex is that you can trade very small size so you don't need a super large amount of money, however don't expect to make a noticeable income on a $1000 account.
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Thanks for the reply.
 
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