Wednesday, July 15, 2020

138 A noted failing situation

When this acct was started the point was to see whether a 20k balance is sufficient to trade with a double start lot of 0.02. Trading with the usual recommend 4 curr pairs. Here are some discoveries

1. CEA cannot rectify a big RPL (doubling that of a 0.01lot with a 0.02lot). When the 0.01 had reached recovery the double account only reached half the mark. Its like how covid19 is in the USA. The decrease is not big enough to be considered as a "recovery". As a matter of fact, just like in USA, it is rising up again as the 1st wave was never dealth with.

2. A balance of 20k funding is insufficient to handle 4 pairs with 0.02 start lot. With 40k perhaps it can. But the issue in fact 1 will still be something to handle.