okay so because you can tell from the title of the thread I will see how far I could take a 108 pound account.
There is no time limit and the method differs to what some may suspect, I will be using 1:2 RR in 50:100
therefore that the trades will require me to either 50% of the account or earn 100% profit
I will utilize a 25 pip stop loss for a 50 pip profit and it will go something like the dictionary I uploaded
I will also set up a youtube account for one to accompany me along the way and place some levels im looking to exchange from in advance so any advice/insights into these levels is valued...
a few side notes...
- I'm not looking for, asking for nor will accept some money so don't come into the thread claiming that is what I am after
- yes the risk is large, but the balance to begin with is small and then the money is profit, I guess this isnt as hard as it seems, I typically exchange with 5-10 pip stops and goal 100 , the only difficulty is that the greater risk the bigger quantity of transactions
- there was another thread similar to this called rags to wealth some time back, the idea has come from that... so any details only read .
- I DON'T NEED 9 CONSECUTIVE wins, I only want 9 NET wins, I could have 1000 wins and 991 losses and still be at 50k
- Pairs I will trade are UJ EU UC EJ, possibly others if the chance presents itself
some of the details like a commerce explorer and youtube account will come shortly...
the very first trade I am looking at is on USDCHF sell at 0.9955... it is a double top, SL 0.9980 tp 0.9905
Edit: I didnt receive the transaction... account startup shooting little longer than anticipated
Broker employed is City Index on their AT ace platform