So in order to practically demonstrate the principles of trading as taught in my video course I have decided to open a small Live trading account with and fund it with 5000 (ZAR). I have purposefully limited the initial deposit in order to demonstrate that trading a small account is possible with the right risk measures in place.
I will primarily trade using the 4Hr time-frame and hopefully demonstrate how you too can safely grow your own trading account without having to spend every minute looking at your screen. The rules of the account is as follow: 1. Never risk more than 2% of the account capital per trade
2. Stop loss should always be in place when the trade is opened
3. Only take trades with a Risk to Reward Ratio of greater or equal to 1:1 4. Trade primarily using the 4Hr Timeframe
What markets will I be trading?
Indexes: ALSI, DOW, DAX, FTSE Commodities: Brent Crude, maybe others if opportunities are presented Forex: EUR/USD, GBP/USD, USD/CAD, AUD/USD, USD/ZAR, USD/JPY, EUR/CHF, USD/CHF