It was one hell of a ride trading FX the past 1.5 weeks. I booked almost $4.2k during this period, a 40+% return which went way beyond expectations. (see http://www.myfxbook.com/members/brianho/brianho/399145 and http://www.myfxbook.com/members/brianho/act333/622210)
This made me seriously consider once again the possibility of trading forex for a living.
Here are some figures to make heads roll…
If I start with a 2.5k account, at 10% ROI per week for 40 trading weeks, I will end up with $113150. Double that ROI and I’m seeing it hit 3.674 million O.o Of course, that is just plain optimistic.
I restarted my Oanda SG account with SGD2200 last Thursday and while trading NFP, got it to SGD2516. As for my Oanda US account, I am still considering converting it to a USD-denominated account since after all, I will be studying in the States.
Meanwhile, I have already settled on Alpari as my ECN/MT5 broker, IronFX for its eye-popping 50% deposit bonus and Pepperstone for its Razor ECN solution. I will be deciding how much to transfer soon since I’m a bit short on liquid funds right now.
Some highlights from last week!
I envisage this blog becoming a forex blog in the near future ><