Thought I would give an update on my journey.
As this year started, I had 50k committed to my forex trading. I split that sum into 2 accounts.... 45k in my regular more conservative account, and 5k in a very aggressive account.
45k account--- Things have gone well. At the end of July (7 months) my account balance was 71k. I trade the Daily Charts with this account, using 4hr and 1hr charts as fine tune triggers. My shortest trade was 10 hours, and my longest was 17 days.
5K account (high risk)---- I would have done better going to a casino. It only took about 6 weeks for equity to drop below 1k. I withdrew that $700 and took a nice weekend trip with my wife.
I am still trading my main account. I am hoping to have $100k by year's end, but that might be a little ambitious. I will report back by year's end as to how things are going.
Regards,
As this year started, I had 50k committed to my forex trading. I split that sum into 2 accounts.... 45k in my regular more conservative account, and 5k in a very aggressive account.
45k account--- Things have gone well. At the end of July (7 months) my account balance was 71k. I trade the Daily Charts with this account, using 4hr and 1hr charts as fine tune triggers. My shortest trade was 10 hours, and my longest was 17 days.
5K account (high risk)---- I would have done better going to a casino. It only took about 6 weeks for equity to drop below 1k. I withdrew that $700 and took a nice weekend trip with my wife.
I am still trading my main account. I am hoping to have $100k by year's end, but that might be a little ambitious. I will report back by year's end as to how things are going.
Regards,