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I am going to turn 18 tomorrow and I’ve had a practice account for several months and have been experimenting with it all that time, trying different strategies and techniques and have found a way to keep on making small consistent profits. What I’d like to know is for when the time comes tomorrow to put in real money, what would be a recommended number of times I place a trade every day I trade forex to make small consistent profits? Good answers would be much appreciated. Thanks.
The amount of trades would depend on the type strategy your applying. Your amount of trades depends on the market itself and how many signals are generated by your strategy. Don’t set a goal of how many trades you have to enter or how much you have to make every day, the market and its movements determine that for you. Setting a goal of how many trades or how much you have to make every day is setting yourself up for failure trying to reach that goal in a $ amount. Its better to focus on trading to be successful and becoming profitable at the end of the day,week,month,year instead of how much you will make. That will take care of itself if your consistently profitable.
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