Going for it.,.

[ffsear]

My Trading Career starts on Monday 15.06.09 :clap: :clap: :clap:

After 18 months of sucessful demo trading, im taking the plunge and putting £5k into my live account. 3% risk per trade with with my goal being to raise a bank that will allow me to trade full time for a living eventually. SO i plan not to touch any of the profits.

Trading only FOREX via WorldSpreads.


Just wanted to share!

 

[Technically Fundamental]

Good luck mate. You better not fail. I need more people to pull it off so I can guage my own chances of success.:cheesy:

 

[bbmac]

My Trading Career starts on Monday 15.06.09 :clap: :clap: :clap:

After 18 months of sucessful demo trading, im taking the plunge and putting £5k into my live account. 3% risk per trade with with my goal being to raise a bank that will allow me to trade full time for a living eventually. SO i plan not to touch any of the profits.

Trading only FOREX via WorldSpreads.


Just wanted to share!

Very good luck to you.

 

[Martinghoul]

Good luck! May the Force be with you!

 

[blancspa]

fingers crossed

 

[Rossini]

Best of luck but trading short term with world spreads is very difficult. Longer stuff should be fine.

 

[gooseman]

ambitious goal but fair play. what markets?

 

[ffsear]

Best of luck but trading short term with world spreads is very difficult. Longer stuff should be fine.

I have heard this!. WIll give them a go but if I get hassle will move to Capital or IG.

Actually my reason for choosing worldspreads was because they turned me down for a Job after 4 interviews. It was between me and 1 other person at that stage, so I want to take some money off them!

 

[Martinghoul]

I have heard this!. WIll give them a go but if I get hassle will move to Capital or IG.

Actually my reason for choosing worldspreads was because they turned me down for a Job after 4 interviews. It was between me and 1 other person at that stage, so I want to take some money off them!

Sorry, I am not exactly an expert on how they operate, but won't you be paying them bid/offer? So you will be giving them money, rather than taking your profits from them...

 

[ffsear]

Yes, if they hedge everything, which i doubt they do!

 

[Technically Fundamental]

Dont mean to be a party pooper but dont you think you'd be better off taking a grand out of the 5 and trying with that for a month or so to give you a chance to get used to the feeling of trading live and so that you can get the your head around how the broker you use is going to rob you?

 

[gooseman]

the broker has no need to try to rob you unless a) you're trying to rob them or b) they are crooked.

 

[Martinghoul]

Yes, if they hedge everything, which i doubt they do!

Indeed, they probably don't. Still, surely you're not realistically expecting, on balance, to do damage to them, given that they probably hedge any large exposures they have and get paid bid/offer on some potentially serious retail volume?

 

[ffsear]

Dont mean to be a party pooper but dont you think you'd be better off taking a grand out of the 5 and trying with that for a month or so to give you a chance to get used to the feeling of trading live and so that you can get the your head around how the broker you use is going to rob you?

Nope, because a 3% risk on a grand is too small and my trade size would be well below the firm min. It would lead to me upping my % risk on each trade, can't be doing that!

 

[Technically Fundamental]

Gooseman >>>>>I mean the slippage and varying spreads that come with live trading. Plus adjusting targets, stops limits etc to account for the spreads was a tw@. Just trying to give a heads up to things I didnt expect when I went live.

 

[advfntrader]

good luck. 18 months demo shows dedication. why don't you start a journal ? ...may help you get your thoughts down

 

[foredog]

Dont mean to be a party pooper but dont you think you'd be better off taking a grand out of the 5 and trying with that for a month or so to give you a chance to get used to the feeling of trading live and so that you can get the your head around how the broker you use is going to rob you?

Not a bad point, maybe for the first week trade the minimum you can just to get used to pulling the trigger live.

 

[tomorton]

Very good luck. My ambition is to be self-supporting through trading too and give up my salaried job (although I enjoy it very much there are better things to do that I can think of).

I have a plan too -
Phase 1 - generally consistent return from trading
Phase 2 - make at least my salary in each of 6 consecutive months
Phase 3 - make double my salary in each of next 6 consecutive months
Phase 4 - resign work, trade, enjoy life more

So I am just 12 months away from where I want to be!

 

[theSheik]

any takers on what WorldSpreads is going to spend the 5k on?

 

[foredog]

The other guys wages!!!!!!!!:cheesy: