Can one make money from forex trading at 60% accuracy?
Presenting reader-submitted statement of EURUSD trades
1. Sold EURUSD since 1.33 region, August 2014.
2. Total 62 trades.
3. Accuracy turned out to be 60% only or 37 out of 62.
4. Largest losing trade $584.09 on 5.5 minis.
5. Won $26969.32, lost $6947.56 for net win.
6. Longest winning streak 20 winning trades.
7. Longest losing streak 11 losing trades.
8. Most trades are mini-sized although one uncharacteristic position sizing of 1.1 standard suddenly came up.
9. Largest winning trade made $3565.47 with 5.6 mini contracts.
Reminder: we do not make representation of any kind for this performance.
Key takeaway for other traders?
- Stay on the trend.
- There is no need to have large contracts to make a lot of money.
- There may be losing streaks.
Director, TerraSeeds Market Technician Pte Ltd. Trader, investor. @sohtionghum was picked ‘Top 70 Forex Twitter in 2015’. Operates multiple strategies.
“Dear reader, I do not have a financial license to give advice. I do not know you the reader. Your financial objective and risk tolerance may be different from mine. I am not responsible for any consequence of your action.