LEVEL 4: THE $50,000 75-TRADE CHALLENGE

A $50,000 account provides a serious capability to generate results that could provide
a path to professional trading. The steps required to meet the challenges of a $50,000
account focus more on being able to handle the psychological pressures that emerge
when more money is at stake. Many beginning traders put on too much leverage without
first testing their skills in handling the larger risks per trade.
1. Scan all majors and cross-pairs to select to trade.
2. Raise your lot size to maximum of 30 mini lots (two standard-size lots).
3. For the first 25 trades, reduce risk per day to 2 percent.
4. For the first 25 trades, put on multiple lots but leave profit limits open on half of the
lots.




By Abe Cofnas