Open trading account 
Simple Trading Plan.
You need a plan, here is the one you must follow. Make it yours, embrace it and treat it with care because it's as fragile as a glass of very thin glass. Follow these rules one by one and do not break them while you follow all the stages described under minimum requirements. This plan has nothing to do with your personal goals as a person, it's just about the rules.
Believe that you can make it. 3:1 is a very reasonable target and relatively easy to obtain when trading with a clear trend on good levels. But have you ever experienced several consecutive months profitable executing a very simple trading plan?
Yes, it's. You don't have enough money to become a full time trader and earn your living with it? You are wrong. Others have the money, investors will kill to find a trader that makes 10% a month, they will kill. Focus on that. Money will come to you once you have a proven 10% account for at least 6 consecutive months, believe me.
You need a plan, here is the one you must follow. Make it yours, embrace it and treat it with care because it's as fragile as a glass of very thin glass. Follow these rules one by one and do not break them while you follow all the stages described under minimum requirements. This plan has nothing to do with your personal goals as a person, it's just about the rules.
Believe that you can make it. 3:1 is a very reasonable target and relatively easy to obtain when trading with a clear trend on good levels. But have you ever experienced several consecutive months profitable executing a very simple trading plan?
- Risk per trade: 1% of your account balance
- Number of open trades at the same time: 4. That is a 4% risk
- Maximum loss per day: 4%. Stop trading after 4 consecutive losses. Analyze your trades and learn what you did wrong, if you are not sure, PLEASE ask in the forum
- Maximum drawdown: 20%. If you ever suffer the loss of 20 percent of your account, you stop trading. PERIOD. You should go back to demo and analyse all of your trades to figure out what went wrong. While doing this, you refund your account back to its original
- Monthly goal: 10%. Once you reach your goal 10% goal, STOP trading. You reached it the 5th day of the month? Congratulations, you have 25 days off this month! Enjoy your free time. When I say STOP, I mean STOP. Do something else, practice on Forex Tester, practice your favourite hobby or find new ones, stay away from your computer screen and trading platform
- Log all your trades. Make a log and safe a screenshot of both your entry and your exit on your entry timeframe and curve timeframe, that is 4 screenshots
- Stop trading on Friday right before the US Market Opens. Don't add new H4 trades on a Friday afternoon, don't take the risk of a Sunday open gap. This does not apply to Forex Tester trading
- Analyse all the trades taken during the week at the end of Friday. Turn off your trading platform and analyse your winners/losses, learn from them. Do it before Friday ends or when you some spare time during the weekend (better on Friday so that you completely disconnect from trading during the weekend)
Yes, it's. You don't have enough money to become a full time trader and earn your living with it? You are wrong. Others have the money, investors will kill to find a trader that makes 10% a month, they will kill. Focus on that. Money will come to you once you have a proven 10% account for at least 6 consecutive months, believe me.