I want to spend just two minutes to talk about my brokers and my account before opening some live trades.
This is the account that I have created for the courses that I have on Udemy,
so most of times you will see me trading with this account when I record a video for my students.
I have deposited ten thousand pounds and I will use this live account just to show example of trades
that are related to the course.
I will not make any withdrawal or deposit or at least not for now.
Having said that, this is not my main account.
I have my main account with LMAX that you see here.
Then I also have another account with IG markets and I'm testing just with a demo account for now, XTB,
that is completely new to me.
I like to have multiple accounts and diversify my risk even in this way because even if I trust these
brokers, you never know.
For example, some years ago I had an account with ATC brokers that I used to consider the best broker
ever seen.
Then they got into some troubles and declared bankruptcy.
It didn't affect me directly because I have been able to withdraw my money but I'm not sure if it has been
that easy for US traders. Anyway,
after that situation, I started to have more than one broker.
So why did I deposit some money into OANDA account instead of using my main account?
There are several reasons.
The first one is that I live off Forex trading and I need to withdraw some money from time to time.
So my main account is not easy to follow because I often withdraw money and I also adjust frequently
my positions to my New Balance.
Also I have some long term investments that can create confusion if mixed with short term trades.
Another reason is that I don't want to put myself under pressure,
showing my results and my income to thousands of students.
You know that forex trading is a psychological game.
At least with my main account I want to trade with peace of mind.
Having said that, I don't want to avoid my responsibilities.
I am an instructor so I need to prove that what I teach is applicable and you can make money out of
it.
That's why I created this account so I will show you live trades with it and hopefully I will be able
to let it grow month by month.