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Originally Posted by bogdansbg
Yes, you should never trade with borrowed capital, ofcourse, not with $2000 or $10.000. That won't give you enough power to pay back. Borrow $50.000, get a ECN broker that gives you 0-1 pips spread on some pairs and you will discover how Forex works, you will discover how market moves at your orders and so on, because a $50k account gives you power and ofcourse you can pay back the money in 3 - 6 months with only 5 pips/day (not 500 pips/day with a $2K account).
Regards
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Tell us a little bit more about your trading style, if you don't mind. You say you target only 5 pips per day. Now let us assume your first trade gets you your 5 pips. Do you call it a day then? Or do you keep on trading to get a "buffer" for loosing days?
And what happens when your first trade starts to run into negative territory? What is your s/l?
So in order to make up for a loosing trade you would need at least 2 winning trades and the problem starts when one of the trades ends negative also. Then you would need 4 winning trades to make up for the losses.
Since I think that the win-loss ratio is against you, I would certainly like to learn more about your trading style.