The last 2 weeks of use of my trading method has resulted in an 11.58% increase in trading capital. Much better than I would get if I put my money on term deposit in the bank.
If I got this much in a year, I would be happy, but in 2 weeks???? Amazing.
As my trading capital increases and my equity, my trading position size increases too. I like to maintain an equity margin percentage above 500. That way I don’t have to worry about any major market moves while I am sleeping.
Last week the audusd pair finished at 0.63549 and this week it finished at 0.63567. I had anticipated a large downward move, but that didn’t happen. It did go down a bit, and it rose up past 0.64 and then dropped 500 ticks. Past trading experience has taught me that I have to be ready for a big downward move. So my trading method takes this into account. I am expecting the price to rise, but I am ready if it falls.
How much increase in your trading the last 2 weeks?
To do well in forex trading, you need a reliable trading method that will work whether the price rises for falls. The price moves in both directions. This last week it went up and then down and then up and finished down. I trade the 5 min chart and I see it moving in waves in an upward direction and then in a downward direction. I am trying to find a pattern that will help me know when there is a change in the trend.