I started my first two threads that actually didn't work last 2018 and I will try again here with $100 deposit in one of my xm live account. In my MT4 it says its standard swapfree account but here in FF is micro account but regardless its fine to me as long this account will grow. This time I am trying to make a target of $50,000 dollars to $100,000 in 3 years. I know its impossible but I saw a few people who have done it in less than 3 years and I am pretty sure they are really good with no emotion attach every time they do trade so I will try to learn their ways little by little. Gurangax for instance he turn $7 dollars into $146,000 in less than 3 years and probably many of you have seen his TE here before but I guess he deleted that one as PAX FOREX is somewhat a scam forex broker, Please don't get confuse with me saying a scam broker as it is just my assumption due to many complaints.
So, my plan is to double my account monthly during its first year journey from $100 but I know that there will be many months that I cannot double the equity but I will try with risk management applied and the second year will be down to 20% per month and the third year which is the last year of this plan will be down to 5% ROI per month. These targets from first year up to the third and last year will just be projected ones. It can be achieve or not or close to the target its not a problem to me as long as my account is alive and healthy. I made a bad mistake on my first day of trading this month of November that around 85% drawdown I had last trading day. I hope I can manage it well for I will be trading on GOLD alone. By the way I have other 7 live accounts with XM that are in red colors. Its heart-breaking but nothing I can do with that and hoping to learn from it as I start my journey here on Gold.
This account that I deposited with $100 was already used with my first deposit of $38 dollars last October but I choose to start my TE by November first and deposited a $100 last November 09 2020. Again, this is not to brag anyone here as I am not sure what could be the outcome but even if it happens after 3 years and still nothing I can brag from here. I am just doing this one to simply encourage others to master your craft and skill and continue to grow your knowledge in forex trading and don't easily give up when you hit the rock bottom of failure. Just get up and move on until you reach your target. And I don't want others to be delusional as well that in $100 you can turn it into big fortune, it takes time to study, to understand the basics and trying to balance your psychological side. To me personally, I have been trading simultaneously since April 2015 and yet I am still here, stuck in the mud. So, Forex trading does not come easy, it only works to those who can devote their time for serious stuffs.
Eventually, as you follow my journey here, all of you are free to comment for suggestions, ideas and etc and if I have time I will be glad to respond anyone. Just respect one another. Bashing and intimidating others is no good and if we have that kind of attitude we will go to NOWHERE. Thanks and let the journey begins.
So, my plan is to double my account monthly during its first year journey from $100 but I know that there will be many months that I cannot double the equity but I will try with risk management applied and the second year will be down to 20% per month and the third year which is the last year of this plan will be down to 5% ROI per month. These targets from first year up to the third and last year will just be projected ones. It can be achieve or not or close to the target its not a problem to me as long as my account is alive and healthy. I made a bad mistake on my first day of trading this month of November that around 85% drawdown I had last trading day. I hope I can manage it well for I will be trading on GOLD alone. By the way I have other 7 live accounts with XM that are in red colors. Its heart-breaking but nothing I can do with that and hoping to learn from it as I start my journey here on Gold.
This account that I deposited with $100 was already used with my first deposit of $38 dollars last October but I choose to start my TE by November first and deposited a $100 last November 09 2020. Again, this is not to brag anyone here as I am not sure what could be the outcome but even if it happens after 3 years and still nothing I can brag from here. I am just doing this one to simply encourage others to master your craft and skill and continue to grow your knowledge in forex trading and don't easily give up when you hit the rock bottom of failure. Just get up and move on until you reach your target. And I don't want others to be delusional as well that in $100 you can turn it into big fortune, it takes time to study, to understand the basics and trying to balance your psychological side. To me personally, I have been trading simultaneously since April 2015 and yet I am still here, stuck in the mud. So, Forex trading does not come easy, it only works to those who can devote their time for serious stuffs.
Eventually, as you follow my journey here, all of you are free to comment for suggestions, ideas and etc and if I have time I will be glad to respond anyone. Just respect one another. Bashing and intimidating others is no good and if we have that kind of attitude we will go to NOWHERE. Thanks and let the journey begins.
The Past mistakes are your guides to provide you directions of the present.