margarita bogdanova
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Hello everybody!
My name is Margarita. I started studying forex trading some three years ago, but only at the end of last year I got the guts to try it. Since the beginning of December I have been practicing with the Russian company Teletrade and the results I achieved on demo accounts, trding only with the EUR/USD pair.
Last Monday I opened a live account of USD with Teletrade D. J. of USD2 000 but unortunately a mistake made by my bank (the name and the SWIFT code of the receiving bank in Hong Kong were wrong) caused a delay in the transfer. I hope on Monday (Febr. 23rd) I will finally be able to start live trading.
However I am very much afraid that starting with such a small account is quite risky because the capital may be "eaten up" very quickly. Due to this all day yesterday I was trying to add to my account only 10-20 pips at a time, so that I can add to my capital tilll the moment it grows to the sum of USD 5 000 at least.
Do you think I am doing the right thing?
My name is Margarita. I started studying forex trading some three years ago, but only at the end of last year I got the guts to try it. Since the beginning of December I have been practicing with the Russian company Teletrade and the results I achieved on demo accounts, trding only with the EUR/USD pair.
Last Monday I opened a live account of USD with Teletrade D. J. of USD2 000 but unortunately a mistake made by my bank (the name and the SWIFT code of the receiving bank in Hong Kong were wrong) caused a delay in the transfer. I hope on Monday (Febr. 23rd) I will finally be able to start live trading.
However I am very much afraid that starting with such a small account is quite risky because the capital may be "eaten up" very quickly. Due to this all day yesterday I was trying to add to my account only 10-20 pips at a time, so that I can add to my capital tilll the moment it grows to the sum of USD 5 000 at least.
Do you think I am doing the right thing?