I started with a 300K account and ended up with about 85K at the end of the day!
I tried trade following systems like Zulutrade and lost about 85K on that site. Zulutrade is criminals, FOREX brokers are criminals so 1+1 criminals = double your losses... "Oh, the trade didn't close because of your broker" "What, they said that, well, they didn't send it correctly" etc.. etc...
I lost about 25K trying to time the bottom, getting scared etc..
I lost the rest martingale (thinking I had discovered the secret).
300K can vanish in the blink of an eye... The # of 0's doesn't matter and in my opinion you are better served limiting your account to say 10K for 2 years and seeing if you can grow it into 50K etc..
This is a long term journey, if you realize that and are not greedy (like I was) then you will keep your money. We have no incentive to tell you not to do it, but do it right.
It would suck to read a post from you in 6 months after losing 85K and saying, "How do you think I can get this back etc.." then another 6 months later, 150K down.... Ouch..
Something you may not understand that I didn't and that most people won't share with you right off the bat is that a system may work for a good while. You will make 15% a month with little sweat... You will think you are a freakin genius! Then you will add to your account and kablooom. You are down 20% after 2 weeks trading (real story for me) which has wiped out 10x what you made the previous 6 months testing (walking forward) live.
Then, the velocity changes, the instrument picks up a different characteristic that you didn't notice (because you are new to trading) and all that jazz...
Once you get a year or two of good 'philosophical' education along with some time just watching the charts, then start live trading but small. Then, focus more and more on psychology and you will become better.
Take this with a grain of salt from someone who has been on the road for a little over 2 years (techinical trading) and is not profitable live. Good luck and I truly hope you aren't like me where you have to lose money to learn a lesson.
Gosh, remind me not to do business with you. haha...
I am going to teach my kids to start trading at an early age. I will probably teach them some basic programming focusing towards C++/C# and will let them watch the charts for homework. I will then do their schoolwork for them. haha....
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