Hello,
I wanted to show a great example of how small account holders can maximize their profits whilst minimizing loss and this trade is a great example. in about 7-10 days I have taken £200 to £650. I am documenting this journey to £1000 to show how easily it can actually be to trade and build a small account into something bigger.
If you are a small account holder you know how hard and tempting it is to risk more than 1-5% of your account per trade. This always done by over leveraging, wide stop loss or no stop loss. Risk management is 'boring' but essential to traders and we need to loose money for us to see how important this is so don't be down if you have blown an account because we all have. These Instagram cowboys make trading look so easy which for new comers it isn't. If you have found yourself looking to trade your savings maybe after loosing your job due to the virus then please do anything but this, you need the correct guidance and education. Most of it is free when you start digging on YouTube!
I have taken this trade this two times this week both gaining me 100+ pips each time. Take a look at the risk reward ratio! you can see the difference between the profit and loss! you want to enter trades that are at least 1:3 minimum! loosing trades like this one with such a good r/r barely does damage to your trading account but wins make great gains. taking trades where the r/r is 1:1 is not an effective way of building your account up.
My advice is to look up how to trade support and resistance zones (supply and demand). This is often overlooked by new comers but it's a great tool to add to your trading mindset. PLEASE PLEASE PLEASE LEARN FUNDAMENTALS in trading! all these people that pose with their phone out in front of four screens which are lit up like a Christmas tree make this industry toxic!.
The real players analyse and trade for big banks and institutions...learn to trade like these guys because these people move the markets.
If this get good feedback then I will post a tutorial on how I take trades and look for those perfect entries.
I wanted to show a great example of how small account holders can maximize their profits whilst minimizing loss and this trade is a great example. in about 7-10 days I have taken £200 to £650. I am documenting this journey to £1000 to show how easily it can actually be to trade and build a small account into something bigger.
If you are a small account holder you know how hard and tempting it is to risk more than 1-5% of your account per trade. This always done by over leveraging, wide stop loss or no stop loss. Risk management is 'boring' but essential to traders and we need to loose money for us to see how important this is so don't be down if you have blown an account because we all have. These Instagram cowboys make trading look so easy which for new comers it isn't. If you have found yourself looking to trade your savings maybe after loosing your job due to the virus then please do anything but this, you need the correct guidance and education. Most of it is free when you start digging on YouTube!
I have taken this trade this two times this week both gaining me 100+ pips each time. Take a look at the risk reward ratio! you can see the difference between the profit and loss! you want to enter trades that are at least 1:3 minimum! loosing trades like this one with such a good r/r barely does damage to your trading account but wins make great gains. taking trades where the r/r is 1:1 is not an effective way of building your account up.
My advice is to look up how to trade support and resistance zones (supply and demand). This is often overlooked by new comers but it's a great tool to add to your trading mindset. PLEASE PLEASE PLEASE LEARN FUNDAMENTALS in trading! all these people that pose with their phone out in front of four screens which are lit up like a Christmas tree make this industry toxic!.
The real players analyse and trade for big banks and institutions...learn to trade like these guys because these people move the markets.
If this get good feedback then I will post a tutorial on how I take trades and look for those perfect entries.
Trade closed: target reached:
absolute perfection. 102% account in one trade.
absolute perfection. 102% account in one trade.