Trading FOREX for a living - my strategy

Quote from doktor3:

Yes let me explain...

Im a (spike trader) news trader for a living. I trade macro-economic events on brokers with delayed quotes. So im taking advantage of their malfunction. It brings good money but i dont find it a challenge any more. It has not much to do with classical trading.

Trading binary options was also fun but now brokers started manipulating the quotes. So i decided to learn price action and hopefully trade like a real trader from now on.

Besides this is something which can last for a lifetime....news trading is not going to last for much longer as more and more brokers as updating their delayed java web platforms.
More...

wow
 
WEEK 4

week-4.png
 
Hello,

here is current update on my account. I have not been trading much in last 3 weeks as im on holidays/travelling but from next week im back on serious daily trading again.

Week_6_7_8.png
 
so if i read correctly, this is a demo account?

I suggest you start trading a real account with small money say 1000$ or so, will help the transition from demo to live. Otherwise, when you make the transition to live, it will be a very different world PSYCHOLOGICALLY and in my experience already trading a small live account will help you a GREAT deal in successfully transforming to the real world. Good luck.
 
Quote from gmst:

so if i read correctly, this is a demo account?

I suggest you start trading a real account with small money say 1000$ or so, will help the transition from demo to live. Otherwise, when you make the transition to live, it will be a very different world PSYCHOLOGICALLY and in my experience already trading a small live account will help you a GREAT deal in successfully transforming to the real world. Good luck.
More...

Yes its a demo. But im simulating live trading by trading with low leverage (only 1:10)

Loosing 1000$ doesnt hurt much so it feels like trading demo account i guess. Thats why i will start live trading with 10 or 15k. Loosing that much would hurt for sure :)

Anyway thx alot for advice and i agree with you about live trading being very much different psyhologically.
 
how do you decide which side is stronger or weaker?

Quote from doktor3:

Yes its a demo. But im simulating live trading by trading with low leverage (only 1:10)

Loosing 1000$ doesnt hurt much so it feels like trading demo account i guess. Thats why i will start live trading with 10 or 15k. Loosing that much would hurt for sure :)

Anyway thx alot for advice and i agree with you about live trading being very much different psyhologically.
More...
 
You must log in or register to reply here.
Back
Top