Greeting from Dhaka . My name is Max , I am originally from Bangladesh , but i am Chinese resident , i have been living in china since 2011, Due to the lockdown I have been trapped to Dhaka and unable to go back to china due to the extremely high air ticket price and covid 19 travel restriction , I was working on multiple trading strategy since march 2020 , after two years of testing , now i am confident enough to implement that to real live account . I have been trading currency since 2010 but i was always working with large account with extremely low leverage . the open secrets is this , in order to be successful in trading you have to meet any of the two requirement ,
A. you have to be very very sharp and accurate
B. you must a bigger account(ideal money which you can afford to lose ) with extremely lower leverage .
to become sharps and accurate it needs years of education practice and many many tools which are not really that cheap and it also takes very very long time . my case it took me around 7 years to to recover all my losses during learning stage , I did blown up my trading account multiple times until 2016 .
on the other hand most people do not have the luxury to starting a trading account with larger deposit with extremely lower leverage , my research says that only 18.25% of world population have a savings of 25,000 usd . which they can afford to lose or risk , trading is all about taking risk . and a trader or investor should only risk the money which he or she can afford to lose . that is the reason i come up with a unique idea with a working strategy where an individual person can start growing his/her trading account just by following me . and it would not need huge some of money to start all you will need is around $100 to start . actually not $100 . i born in the year of 88 and Chinese people believe that 8 is the lucky number so i have designed the whole thing where any one can start with as low as $88 .
Let me help you to understand this :
I started this Trading account with $45, if you are following me from the beginning you will be growing with me .
$45 to start a ECN account . there tons of broker i would suggest Roboforex , Exness , icmarkets
currently my subscription price is $38
you can get a good VPS from $5 for uninterrupted service . and that’s makes the start up cost of $45+$38+$5= $88 . if you dare to risk $88 you can have try . i am very much confident that i will be turning over this account to $1000 before December .
My current trade setup is following :
started account with $45
current leverage: 1:500
Base currency : USD
current trading Lot size : 0.01
Average Pips value : $0.10
Trading Pair : EUR USD ,EUR AUD , GBP USD, GBP CAD, GBP AUD, GBP NZD,AUD USD, NZD USD ,AUD JPY, USD CAD , ETC
Average T/P 10-25 Pips
Average S/L we don’t use at the moment . but we do close trade manually . as soon as the account reach to $500 usd there will be stop loss .
Basic risk management :
Things we don’t do:
we do not open same currency pair more then once .
do not hold the position if it moves against us more then 100 pips
we do not open more then 5 trade at once
always avoid market volatility
we do not add up position or open new trade blindly .
we do not follow other traders .
Things we do :
always read and understand market data .
always trade what we see , not what we feel .
we always try to reduce the risk .
always read multiple chart and time frame .
we always prepare yourself mentally to deal with bad days .
if we hit multiple loss same day we take break . and many more …
if you find find this signal interesting and do have question or want to advice us feel free to contact me via
Telegram : beingyohan
instagram : beingyohan
My channel https://t.me/GrowBig5
i assume the above statement already given clear idea about managing risk . it should also give you clear information about discipline and basic trading rules . now lets see some report about risk and dropdown and profitability
Image and article originally from www.mql5.com. Read the original article here.