JDTRADER £50 to Financial Freedom

[JDTRADER]

Hi Traders

£50 to Financial Freedom starts here

Forex Trading on Oanda

Trading EUR/USD, EUR/GBP, GBP/USD

The Plan:
Open Balance a £50.00 on Oanda, target £3,000 then move to another broker. CMC Markets is on my mind at the moment but they are changing there software so I will see on that.

Its a Marathon Not A Sprint​

On the way learning more about Forex and all trading in general. I have set up a Business Plan and will be treating this path as a journey to become financially independent and earn my living from Trading.

I will be trading every working day from Monday to Friday, start date to be confirmed.

You can track me on my FX Book link below where you will see I am a losing trader but we will see if I have changed that now with the education I have learnt and the intention to treat this as my future employment.

to be continued.........................

 

[pboyles]

To infinatity and beyoud?

 

[bangkoker]

Well good luck:clover: remember money management, going to need nice little trades to get off the ground. Historically looks like you've held onto losers a little long, you'll need to keep an eye on that.

Hope it works out for you

 

[JDTRADER]

Well good luck:clover: remember money management, going to need nice little trades to get off the ground. Historically looks like you've held onto losers a little long, you'll need to keep an eye on that.

Hope it works out for you

Held on to long !

Yes that was a problem but I now (hopefully) get my entries in with tight stops and once I'm in and in profit I do one of two things.

1, Scalp
2, Move stop above entry for a run on pips or a scratch.

Target 3-1
Money Management Target 3%

 

[JDTRADER]

To infinatity and beyoud?

http://www.youtube.com/watch?v=2VSYmGSJtCA

 

[wackypete2]

Good Luck!

Peter

 

[JDTRADER]

Come follow me on Twitter:
JD_TRADER

And Facebook:
John TRADER

 

[JDTRADER]

Good Luck!

Peter

Thanks Peter

 

[arabianights]

Why do you plan to switch from Oanda at 3k?

Good luck anyways

 

[JDTRADER]

Why do you plan to switch from Oanda at 3k?

Good luck anyways

A few reasons.

Oanda - Great to start from on a low balance which lets your trade under leverage and over capitalised. Its about the pips whether I'm trading £1 per pip or 1pence per pip.
Forex is a great start to build (or lose) capital fast and at the low start I am trying, Oanda are great.

Oanda still need to come up to the 21st Century and accept debit card deposits/withdrawals. :idea:

But I want to be able to spread bet and trade Indices, Commodities and Forex. Forex being my main trading focus but trades come along in the FTSE and Commodities which require a bigger trade balance to cope with the margin requirements.

Keeping to the 3% rule per trade I would need at least £2,000 to trade on CMC with the min at £1 per pip.

Over leveraged and under capitalised = BUST​

I still class myself as a novice trader so starting from £50 feels better than 2 grand plus If I have got my trading right I get bragging rights lol starting from £50.

Seriously on Oanda I can trade with the 3% rule at 5pence per pip to start. My balance growing per week so therefore my trade per pip growing per week.

Trading Plan-
Oanda start £50 to build to £3,000 using the 3% rule.
Move the £3,000 to another broker to trade at £1 per point
Trade Forex, Indices and Commodities
Build up trade balance to trade more per pip
Target 12 weeks straight making £1,000 profit
Complete Target move to 60/40
Weekly Profit - 60% wages 40% reinvest into trade balance
THEN WORK FULL TIME PRO TRADER

ITS A MARATHON NOT A SPRINT​

 

[advfntrader]

sounds a good plan, keep risking no more than 3% and enforce good habits while growing the pot. I look forward to see how you get on

 

[JDTRADER]

sounds a good plan, keep risking no more than 3% and enforce good habits while growing the pot. I look forward to see how you get on

WATCH THIS SPACE MY FRIEND

 

[advfntrader]

I've tried this in the past with £100 free that some brokers give you, got it to £165 at one point then blew up due to over-leverage. with small amounts there is too much temptation to "go for the big one" and take too much risk

 

[JDTRADER]

I've tried this in the past with £100 free that some brokers give you, got it to £165 at one point then blew up due to over-leverage. with small amounts there is too much temptation to "go for the big one" and take too much risk

Yes I agree £100 on most sites is not enough.

On Oanda £50 is enough as you control the lots and pip price. I have traded on Oanda as low as £3.00 but very slow progress.

I should be up and running by the end of this week or next Tuesday. Having an Ear operation next Monday so will be trading to the max Tuesday and Wednesday next week.
But remembering not to over trade and only trade on my Buy and Sell signals.

 

[Chartsy]

hope it goes well

 

[JDTRADER]

hope it goes well

Thanks Guys for all the best wishes and good luck

 

[anley]

"Financial freedom"

"Journey"

Good luck.

 

[JDTRADER]

"Financial freedom"

"Journey"

Good luck.

http://www.youtube.com/watch?v=kPUyK-iuxuQ

 

[JDTRADER]

http://www.youtube.com/watch?v=lPJu-Z6OIb8

 

[arabianights]

I understand why you want to start with Oanda... just can't udnerstand why you want to change once you're up to £3k?