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RE: My Journey Into Forex - Part 1 of 3 (Love At First Sight)
Haha nice. I’m also starting trading with 10k capital but I practiced on a demo account a little bit. Then I started to trade EUR/USD but not with one standard lot like you but with 0,1 lot.
Still first month I lost like -100€. After that I started reducing the numbers of trades. second month -50€ Then I continued trading with only 0,01 lot. Still lost a bit but last month I made 8€ profit and now it’s even +36€ only in the last 2 weeks so I’m getting better. I’m happy that I started with a better risk management and looking forward to adjust it to my capital once I’ve traded profitable for a longer time period.
Maybe check out tradeworks. There you can maybe automate your London Breakout strategy without any programming skills needed.
Thanks @knownbody. I will check out tradeworks and keep at it, risk management, capital preservation and trading psychology are the keys to trading.