THE JOURNEY OF $150-$10,000 IN 10 MONTHS
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  1. #1
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    THE JOURNEY OF $150-$10,000 IN 10 MONTHS

    Trader: ajagbeolegba https://my.roboforex.com/en/copyfx/p...rs/show/39267/
    Forum nickname: ajagbeolegba
    Account number: 7222195
    Server name: RoboForex-ECN
    Account type: CopyFx MT4 ECN Pro
    Leverage: 1:300
    Funds: 151.20 USD
    Rating: http://www.copyfx.com/ratings/rating-all/show/39267/

    Description of the subscription conditions:
    Scheme: Trader on profit
    Added on: 28 February 2018 18:23:10
    Started on: 28 February 2018 18:23:10
    Risk level: Medium
    Commission for profit: 30 %
    Amount of minimum deposit: 100 USD
    Investment period: 4 weeks (That was the maximum duration given, i will adjust it with time)

    Strategy: I will strictly be using Ichimoku trading strategy on either 1H, 4H, 1D and 1W chart. I will equally work on proper risk management, and shun emotion as well. Wish me luck...


    ICHIMOKU.jpg

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  2. #2
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    In addition to what i have written above, let me clear the air that i will be updating my trading and the results i achieved once a week, i will not make the journal to be ambiguous in the manner that traders will not be able to access my work in just a glance of the chart. With the single update in a whole week, all my work will be compressed/summarized in a way that even a trader in an hurry can fully understand it.

    However, i am still down with some dollars value due to personal error, i hope that i can get back in track and build it up again, it is one of those things all trader face while trading. My only concern now is the signature that i uploaded, it is not showing. If this persists, i will contact the moderators to help me out, so that my work can be visible.

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  3. #3
    Trader tfs2012's Avatar
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    [lang=ar]
    Quote Originally Posted by sniper007 View Post
    Nice note taken, I also make such mistakes some time, hence I am scared of having a journal because I am just going to loss it all one day. But then, discipline is all we need actually to be profitable in the market. Too bad, just a new account, we tend to make such mistakes when we have consistent winnings in the market.
    Yes I think this is a big problem because I see many members doing the same mistake and do not take into account that this is a copy account,This means that there will be investors looking for good copy accounts to subscribe to therefore it is in your best interest not to risk the account and to maintain a very strict money management to attract investors. You have to take into consideration that what you will earn through investors may be far greater than what you will earn from the account.[/lang]

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    Last edited by tfs2012; 03-03-2018 at 01:17 AM.

  4. #4
    Trader tfs2012's Avatar
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    [lang=ar]the signature is visible and it shows that you lost about 30 percent of your balance What happened? You're doing well until you increase the lot size? even 0.05 is considered a lot for your account balance , especially that you are trading on the weekly and daily and four hours time frame if you want to continue you have to be committed to a good money management trust me in this because you will be more comfortable in trading and you will have a greater chance to compensate any losses.
    copy.png[/lang]

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    Last edited by tfs2012; 03-02-2018 at 11:20 PM.

  5. #5
    Trader sniper007's Avatar
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    Quote Originally Posted by tfs2012 View Post
    [lang=ar]the signature is visible and it shows that you lost about 30 percent of your balance What happened? You're doing well until you increase the lot size? even 0.05 is considered a lot for the balance of your account, especially you are trading on the weekly and daily and four hours time frame if you want to continue you have to be committed to a good money management trust me in this because you will be more comfortable in trading and you will have a greater chance to compensate any losses.
    copy.png[/lang]
    Nice note taken, I also make such mistakes some time, hence I am scared of having a journal because I am just going to loss it all one day. But then, discipline is all we need actually to be profitable in the market. Too bad, just a new account, we tend to make such mistakes when we have consistent winnings in the market.

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  6. #6
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    Quote Originally Posted by sniper007 View Post
    Nice note taken, I also make such mistakes some time, hence I am scared of having a journal because I am just going to loss it all one day. But then, discipline is all we need actually to be profitable in the market. Too bad, just a new account, we tend to make such mistakes when we have consistent winnings in the market.
    with money management you will not lose all your money and will keep your money protected, i want to tell you that i lost big account before due to trading with big risk and this was quickly, but i grow smaller accounts when i traded with small lot size and made money with it, so discipline with money management and you will make profits from the market.

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  7. #7
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    Quote Originally Posted by sniper007 View Post
    Nice note taken, I also make such mistakes some time, hence I am scared of having a journal because I am just going to loss it all one day. But then, discipline is all we need actually to be profitable in the market. Too bad, just a new account, we tend to make such mistakes when we have consistent winnings in the market.
    yes it's true as you said above that the main key is discipline if we want to get consistent profits we must learn discipline because it's the main thing to make consistent profits, because on the basis of every undisciplined trader will always always get a loss in a row and it is not very good for example, on the basis we must be able to become smart and kraetif traders with high discipline

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  8. #8
    Trader Obaforex's Avatar
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    Quote Originally Posted by tfs2012 View Post
    [lang=ar]the signature is visible and it shows that you lost about 30 percent of your balance What happened? You're doing well until you increase the lot size? even 0.05 is considered a lot for your account balance , especially that you are trading on the weekly and daily and four hours time frame if you want to continue you have to be committed to a good money management trust me in this because you will be more comfortable in trading and you will have a greater chance to compensate any losses.[/lang]
    Yeah money management is key when trading in the forex market and being consistent with your trading lot size can help you to avoid inconsistent trading result and large account draw down since we can never be 100% sure of which of our trades will result in profit and which one will result in loss, so it can affect us negatively phycologically if we loss the trades with large lot size and win the once with small lot size and this could result in aggressive trading and complete loss of trading account.

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  9. #9
    Trader elghina's Avatar
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    Quote Originally Posted by Obaforex View Post
    Yeah money management is key when trading in the forex market and being consistent with your trading lot size can help you to avoid inconsistent trading result and large account draw down since we can never be 100% sure of which of our trades will result in profit and which one will result in loss, so it can affect us negatively phycologically if we loss the trades with large lot size and win the once with small lot size and this could result in aggressive trading and complete loss of trading account.
    So many trader when trading, her condition not aware about the key in trading, that is money management. Dicipline with our plan and following our system trading, it will to make our emotion or our heart will be calm down. We do not worry if we make false order or making floating our order if we hold our plan always.

    Very good this thread for me, this is opening my eyes. That make $10.000 in 10 month, not too difficult. I hope that i can be like you, and consistent.

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    Last edited by elghina; 09-18-2018 at 02:46 PM. Reason: wrong typing phrase

  10. #10
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    Quote Originally Posted by Obaforex View Post
    Yeah money management is key when trading in the forex market and being consistent with your trading lot size can help you to avoid inconsistent trading result and large account draw down since we can never be 100% sure of which of our trades will result in profit and which one will result in loss, so it can affect us negatively phycologically if we loss the trades with large lot size and win the once with small lot size and this could result in aggressive trading and complete loss of trading account.
    yes it's true as I have explained before that a money management account is the most important thing that must be noticed by a merchant and must be truly in power, and indeed there is absolutely no technique that is 100 percent accurate,
    on the basis of forex trading we must be able to control our emotions because that is the main factor of success...

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