https:\/\/www.myfxbook.com\/portfolio\/876forex-hf-zero\/11326249<\/a><\/p>\n\n\n\nI had lots of up and down before settling in and doing what I was teaching others – refining it – and getting to where I am now. I then took one added course from a successful trader – someone that I could see their results – and tried to add that into my own strategy. It made things a bit rocky to integrate the newly learned things, but I managed to get ahead overall. <\/p>\n\n\n\n
This course was taken after moving $10 to $1,000. That date is also the second time I’ve done something like that – the first time was back in 2019. <\/p>\n\n\n\n
I’ve actually done it a total of about 3 times now – just not starting at $10. The third time is in progress. I started with $82 on an MT5 account and had problems with it after growing the account to around $400. I ended up finding that the indicators I originally had on MT4 did not port well enough to MT5. I then switched back to MT5 and have that account now up to $900.<\/p>\n\n\n\n
This was being traded together with the $10 account – but it’s been hard. <\/p>\n\n\n\n
Here’s where I’ll show the problems with copy trading. Let’s put that into a separate section as well.<\/p>\n\n\n\n
Copy Trading<\/h2>\n\n\n\n
I was originally copying from the $400 account to the $10 account. As you can imagine, that didn’t work out. When trades could go to -$20 or more before coming back in profit, the $10 account couldn’t handle it.<\/p>\n\n\n\n
I then tried to copy in the opposite direction – but the focus was always the larger account. I would trade for a short time then move on to the bigger account – abandoning the small one. It’s hard to focus on the two.<\/p>\n\n\n\n
Why this probably failed when I was copying others is also evident here. If my account is $200 and the person I’m copying has a $10,000 account – they can handle things going against them for a much longer time. <\/p>\n\n\n\n
How can this work out then? Don’t copy from someone who’s using an account more than triple your size. If you’re starting with $200 – don’t copy from someone with more than $500. Ideally – start with someone who resets their account each month or few months to facilitate persons with smaller accounts. <\/p>\n\n\n\n
Going Forward – 2025 into 2026<\/h2>\n\n\n\n
I still plan to trade the small $10 account and get it up to $1,000 once more, but it’s going to be a lot less frequent. I won’t be doing it as quickly. My focus will be elsewhere due to work and other personal issues. <\/p>\n\n\n\n
The plan is still the same – document how I did it once more – finally – and then leave things at that. <\/p>\n\n\n\n
Scamming isn’t the only way to make foreign currency while living in Jamaica. You also don’t need to slave in certain jobs – but you will have to do it while you learn trading and until you build your account enough to remove your day job.<\/p>\n\n\n\n
Stick with it – go through the process. There will be ups and downs – just tough it out. $10 is really not much to start from – that’s less than JMD$2,000 – and if you have the discipline – you’ll make it.<\/p>\n\n\n\n
I will be posting each day after I trade the small account. I was posting some of the trades I took on the bigger account and the recoveries and such – but I may just focus on the small one until it gets over $200 – and then I can post more. <\/p>\n\n\n\n
Regardless – don’t let my failures here get to you. It’s a part of the process. If you were able to learn something from it – then my work is done. <\/p>\n\n\n\n
Stick to it and you’ll get there.<\/p>\n\n\n\n
May the pips be with you.<\/p>\n","protected":false},"excerpt":{"rendered":"
It’s Saturday night and I realize I’ve not updated anything in a while. If you’ve been following the MyFXBook link, you’d see that the account was blown recently. Let’s just say that things have been difficult, but I’m not making excuses. https:\/\/www.myfxbook.com\/portfolio\/876forex-hf-zero\/11326249 I’d like to point to this ChatGPT analysis. https:\/\/chatgpt.com\/share\/693dffac-89d4-8010-ac34-5e0adc9411ec You’re free to ask […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-168","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/876forex.com\/blog\/wp-json\/wp\/v2\/posts\/168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/876forex.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/876forex.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/876forex.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/876forex.com\/blog\/wp-json\/wp\/v2\/comments?post=168"}],"version-history":[{"count":2,"href":"https:\/\/876forex.com\/blog\/wp-json\/wp\/v2\/posts\/168\/revisions"}],"predecessor-version":[{"id":171,"href":"https:\/\/876forex.com\/blog\/wp-json\/wp\/v2\/posts\/168\/revisions\/171"}],"wp:attachment":[{"href":"https:\/\/876forex.com\/blog\/wp-json\/wp\/v2\/media?parent=168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/876forex.com\/blog\/wp-json\/wp\/v2\/categories?post=168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/876forex.com\/blog\/wp-json\/wp\/v2\/tags?post=168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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