$500 to 1 million dollars in two years : Forex Trading Business

Wednesday, June 13, 2007

We ended last with at $600
Sold today GbpJPY at 242.00
Target for this week is to bring account to $700

At June 21, 2007 at 1:39 PM , Anonymous said...: so how did the trade go ?
would be great with a daily update
At June 21, 2007 at 2:04 PM , GOLDEN CHARTS said...: Our trade is still running,
we update if something new happens,
right now the trade is still running
what ever happens we will update
At July 2, 2007 at 4:49 PM , Anonymous said...: You said whatever happens. You'll update. So?
At July 3, 2007 at 1:45 AM , GOLDEN CHARTS said...: We are still running our main trade that we opened at 242.00. we managed to hedge it and got out with 350pips.
right now our account is balance 950 with a running draw down of 500. Market conditions seem to be in our favor to hold the trade to bring the account to 1000 by July 23rd 2007.
will keep you all updated
At August 2, 2007 at 1:58 PM , Anonymous said...: Money management principles state that all of the math is set against you. Market Accuracy is about 20% of the game. Being right about the market, is not how you make money in this business. Having your money management statistics set up correctly is how you make money. You can have an 80% correct system, but if your risk reward is 1:1, your drawdown too intense, and you are undercapitalized, the mathematics state that it is CERTAIN you will fail. Nothing against ya. Just math that has been proven again and again.