DYOR and Google, see where it takes you...
As an aside I just wanted to mention "drawdown" given that MR brought it up. Look, here's the thing, at the stage you're at it's (drawdown) an irrelevance if you're trading with 200/500 dollars. You lose 25%? So what. You lose it all, but know it was there to burn whilst you learn? So what..
Do not, repeat do not get hung up about losing 25% of a 500 dollar account, you've only lost 125 dollars FFS...comprende?
You might have to burn through 2 small accounts to get the hang of swinging and what your tolerance to risk is. Plenty of my swings can go 150 pips+ offside before coming back, plenty can go that much offside to alert a swing in the other direction and I'll be *relieved* that my stop of 250+ hasn't been taken out...Some stops get taken out at that level then I swing the other (if all conditions are met etc.) way to catch a bigger ride...
So, you place your first 2 swing/position bets on 2 pairs next week, let's say its Euro and Swissy, (one long one short), how you gonna feel when they're a combined 400 pips offside inside 4-12 hours...? That's your first and biggest test right there and sods law it'll happen in the first week..there isn't a book that's gonna tell you how you feel at that moment if its a new expreience, whatever size you've got on
This is where Im trying to get right now. I have a very small account and ive already written it off. i will only put more money in my account for two reasons. its blown. or I double it twice.
Im in the middle of trying to figure out a method to use. I honestly just am learning as i go. Albiet at 10 cents a pip
