Initial Forex Post
by, 28th-August-2008 at 10:18 AM (3403 Views)
As some of you may know, i have been trailling a forex scalping method, off and on, for quite some time now.
I have finally grown confident enough to open a live account, and will start filling out the paperwork with Oanda today.
I initially plan to trade small lots, just to ensure that my psychology while trading live is the same as what it has been in the demo.
I will put $1k in the account and then if my psychology is right will trade with a 50% margin, meaning a gain of just over $1 per pip. This way i can have a S/L at 5 pips back and that is only risking 1% of capital.
I will post daily and/or weekly trade stats updates, but will continue to post my actual trades in the Cyrox thread, here:
Wish me luck
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