This is an experiment by applying Robert Lichello's technique in his book how do I make 1 million dollars in stock market automatically. Since Robert's book was on stock market. I have to tweak it a bit to fit Forex.
Initial investment: $68.00
I took 50% of it ($34) to buy AUD/USD at 50:1 leverage. So on the AIM spread sheet, I enter $34 x 50 = $1700 as "initial investment". AUD/USD is trading at 0.98398, so the spread sheet calculated that my initial purchase should be 1719 units of AUD/USD. I will check once a day, by using the AIM spreadsheet. I set buy safe and sell safe all at 5%.
I use Oanda so I can trade as small as 1 unit.
Let me see how it goes.
Initial investment: $68.00
I took 50% of it ($34) to buy AUD/USD at 50:1 leverage. So on the AIM spread sheet, I enter $34 x 50 = $1700 as "initial investment". AUD/USD is trading at 0.98398, so the spread sheet calculated that my initial purchase should be 1719 units of AUD/USD. I will check once a day, by using the AIM spreadsheet. I set buy safe and sell safe all at 5%.
I use Oanda so I can trade as small as 1 unit.
Let me see how it goes.