SEE POST # 13 REVISION!
FOREX SCALP TRADING
1 pip Spreads and 100:1 Margin
BEGINNING PHASE
$1000 Capital
$50,000 buying power
$10,000 = 1 lot = $1
$40,000 = 4 lots = $4
5 pips with 4 lots = $20
5 pip stop loss = $20 risk
$20 = 2% of account
6 pip Stop Limit = 5 pip/$20 per win
20 trades/day with 11 wins = $20
$20 = 2% per day or 8% per Week
MAINTENANCE PHASE
(Increase your lot sizes as your capital increases
To maintain the 2% risk)
$1000 start balance with 8% per week increase =
Within 52 weeks your account over $40,000
Within 2 years you would have over $2,000,000
This seems possible and probabbly the reason Forex is so hot. But who can consistently see a 11-9 win/loss ration?
That man will become rich with Forex Trading!
Mike Lewthwaite
FOREX SCALP TRADING
1 pip Spreads and 100:1 Margin
BEGINNING PHASE
$1000 Capital
$50,000 buying power
$10,000 = 1 lot = $1
$40,000 = 4 lots = $4
5 pips with 4 lots = $20
5 pip stop loss = $20 risk
$20 = 2% of account
6 pip Stop Limit = 5 pip/$20 per win
20 trades/day with 11 wins = $20
$20 = 2% per day or 8% per Week
MAINTENANCE PHASE
(Increase your lot sizes as your capital increases
To maintain the 2% risk)
$1000 start balance with 8% per week increase =
Within 52 weeks your account over $40,000
Within 2 years you would have over $2,000,000
This seems possible and probabbly the reason Forex is so hot. But who can consistently see a 11-9 win/loss ration?
That man will become rich with Forex Trading!
Mike Lewthwaite