Wednesday, May 16, 2007

Forex Project: 88 Stars to £1 Million

A simple project with a big dream. All I need to do is to accumulate up to 88-star rating level. Star points will be allocated at the end of each trading session. Their values are generally based on the number of pips gained/lost in each session.

For example, +30 pips = 1 star points, +15 pips = 0.5 star points
Similarly, -30 pips = -1 star points and -15 pips = -0.5 star points
-5 to +5 pips = no star points

Regarding money management, I will trade appropriate amount of contract size at each star level with the aim of hitting my account target.

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