Trading on the CME
- Thread starter VaheV
- Start date
Long ago, before I got consistent, I had been looking around for any information about trading I had come across an article of a trader, in that he said that trading should start with little money and this small money should at first be doubled via consistent trading. That would be a proof of discipline and systematic character of trading.
Recently I have argued with my friend that it would be possible to earn at least 50% of the initial small deposit via consistent trading. He did not believe in consistency and success of discrete trading systems even with minimal risk. There, he said would be a lot of negative nuances such as forex dealer risk, high leverage (we discussed only forex) that should be a pure lottery he said.
We stated out conditions:
We open an account with a forex broker who can grant no-deposit bonus
I will make 100 trades on this no-deposit bonus account with risk 2-5% on each trade.
There should not be any single big wins with high leverage.
Trading style should demonstrate consistency.
In result I made 200% on the initial deposit in 100 trades with 11% maximal drawdown on a $25 no deposit bonus account. I traded different instruments with moderate risk without any single big winners.
I can say that trading forex is a little different from trading CME futures especially for me so I needed time to accommodate in the beginning. But with that I proofed the fact that it is possible to be consistent holding on own trading algorithms.
Recently I have argued with my friend that it would be possible to earn at least 50% of the initial small deposit via consistent trading. He did not believe in consistency and success of discrete trading systems even with minimal risk. There, he said would be a lot of negative nuances such as forex dealer risk, high leverage (we discussed only forex) that should be a pure lottery he said.
We stated out conditions:
We open an account with a forex broker who can grant no-deposit bonus
I will make 100 trades on this no-deposit bonus account with risk 2-5% on each trade.
There should not be any single big wins with high leverage.
Trading style should demonstrate consistency.
In result I made 200% on the initial deposit in 100 trades with 11% maximal drawdown on a $25 no deposit bonus account. I traded different instruments with moderate risk without any single big winners.
I can say that trading forex is a little different from trading CME futures especially for me so I needed time to accommodate in the beginning. But with that I proofed the fact that it is possible to be consistent holding on own trading algorithms.