Tuesday, October 12, 2010
Chronicle of $50 to $5K
Hi and thanks for reading! I am an ex trader that has recently gotten back into FX trading on my own from my computer. I've had some limited success and thought to attempt a challenge to turn $50 in an account into $5K. The beginning will be critical as I will certainly be trading in excess of what would be considered good risk management guidelines for position size. That should stabilize with success as the account hopefully grows. Losing fifty bucks off that bat is no big deal but if the account gets larger, it could be. So I will be taking some chances early which will hopefully be mitigated by some long learned skills at scalping with fairly limited risk. Let's see how it goes and wish me luck!