[insomnec]

HI all,

This is my first post and after just browsing the forum for a while I'd say it's got to be one of the best.

I've been trading for about 4 years and I think I've barely made it to stage 3 (at least I hope I have).

After trading the ASX stocks, options, futures and options and many more instuments, fx seems to be the best instrument by far.

What's holding most amateur traders back from earning money, imho (I hate the term winning as it is too close to gambling), is their small account size. Meaning the proper stops cannot be employed.

I wiped my futures account out because my account was not large enough for my 2% risk model. Stops could not be larger than $ 1k on a 50k account. And whoever has traded futures will agree that 1k on a single cntrct is, most times, not enough.
That's where the fx comes in streets ahead of anything else.
What gave me the break through was the realisation that I did not have to make a fortune with every trade. I guess that's what has been said several times in this thread already.

So, me thinks, the advice given here before, that to trade small and accumulate till the acct is large enough to set proper stops, is a very good one.

I will keep reading this here forum and I thank all contributors from my heart for the fair dinkum, honest advice given so freely.

Thank you so much.


"Trading is all about probabilities"