Very simple trading Plan

Page: 1

Aug 17, 2011 03:55 am

sadscorpion User

Posts: 513
Member since: 08/02/2011

If you want to start trading as your professional and still your are losing money then i am sharing my first experience and trading plan that i use when i start trading and i was very new to trading.
My plan was to become full time trader and i try this method for 6 months to become successful and in learning duration i was also making a good income from trading.
At starting i read lot of books, sites and watch lot of videos from internet but still i was not confidence and losing trades in demo so one night i start thinking a method in which i can learn in side and earn money also.
I withdraw all my money from the broker and next day i join 3 different brokers and make accounts and deposit my whole money in these 3 different brokers.
then i search for 2 things one a very famous and reliable signal provider and account manager.
I search myself and learn more about these two services. i give my account to a very famous account mange service provider and the same time i subscribe to a signal provider.
i run my two accounts in this way and 3 the last account i trade my self with a trade journal and every month if i loss or gain in the end my other 2 accounts support me for my expenses and in six months i was making money while i was learning the basics of traing.
Now i run myself all my accounts because now i cover my mistake and get lot of confidence in trading.
I hope this experince help other traders to who want to earn while learning.

http://www.xynafx.com/ Xynafx ... fund managers and forex signal service providers Minimum investment for our Forex managed Account service is $2k that will be managed individually in one investors account. XynaFx signals As low as $26 per Month.

Sep 17, 2011 07:12 pm

Jogi User

Posts: 685
Member since: 06/06/2011

Thats a great idea. A nice way to diversify your investment. I think 90% of the investment should be given to money managers and 10% for ur testing purpose. When u feel that u r trading successfully then u can start transferring money gradually from other accounts.

Sep 18, 2011 05:49 pm

Champ User

Posts: 711
Member since: 17/05/2011

Its one of the best ways to learn forex trading. Another good way of practicing is demo. But actually demo accounts are totally different in many ways. Demo accounts are normally provided with excellent facilities in terms of trade execution and other things that are not present in real accounts. So practicing real account is totally different experience.

Nice article sadscorpion.

Sep 19, 2011 12:36 pm

bobdefete User

Posts: 5
Member since: 15/09/2011

Thanks for the tip , im new to trading and looking for good advices like this one

Sep 22, 2011 04:36 pm

Champ User

Posts: 711
Member since: 17/05/2011

Originally posted by bobdefete

Thanks for the tip , im new to trading and looking for good advices like this one

Welcome to fxstat community. I am sure you will enjoy here. Have u started trading yet? If yes then how is ur experience so far and which broker are u using?

Nov 30, 2011 05:12 pm

Sasha User

Posts: 836
Member since: 16/05/2011

But who knows if the money managers u choose are good or bad. Moreover there is no guaranttee that they will make profit in future if their past history is good. But I think it is better to choose a money manager or signal provider than to trade urself and loose all.

The crust of your article is very simple and I agree with it.

"Invest somewhere else and practice on demo"

Jan 29, 2012 02:13 pm