I Can't Trade - project assumptions and statistics

The second article on social trading from the series And Can't Trade Project I'd like to start with positive news - my project found a sponsor. It is a broker Tickmillservices that I also use (both in my project and outside of it). Under sponsorship, Tickmill will cover the costs of both signals and VPSon which the platforms walk. Unfortunately, they were not persuaded to make a free deposit :-). It will allow me to make the project even more interesting. Additionally, thanks to the help of the Forex Club, both Tickmilland the other broker I use - Vipro Markets - have agreed to convert all my trading accounts to VIP. This will reduce transaction costs and increase the chance of a positive result.

The standard condition for obtaining VIP status in both companies is a deposit of PLN 50.

Social Trading in practice - Assumptions

As soon as I decided to describe my project in the Forex Club, I decided it would be something that was not on the internet yet (at least I did not see it). I have no intention of selling anything. I'm also not really interested in promoting individual signals or myself. The goal is only to check if you can earn money on social trading, and if so, at what risk. Therefore, my project will be characterized by the following assumptions:

1. All bills are real ones. Demo is not an option.
2. Full transparency - all accounts (if possible) are linked to the website MyFxBook. All information important for the project (account balance, open positions, history, equity, drawdawn) - all this is completely public.
3. If the account cannot be connected to MyFxBook (part of PAMM accounts), it will be authenticated using screenshots + supplier's MyFxBook PAMM.
4. Continuity - I assume in advance that some of the signals will fall. Some of them have already been withdrawn (sometimes right, sometimes not), but all remain in the statistics. Even if a system fails, I will not hide it, remove it from the statistics - the project is carried out from the perspective of a trader, not a dream seller.

At the moment, I do not specify the duration of the project or the life cycle of the signal.

In the next articles I will tell you, among other things:

• why did I decide to withdraw some of the signals,
• how do I choose the signals,
• differences between individual Social Trading methods (signals, MAM / PAMM accounts, Autotrade e.t.c.),
• I will discuss the systems, statistics, etc., on a regular basis.

Results and statistics

At the end, of course, I provide a link to the project statistics:
http://www.myfxbook.com/members/Icantradeproject
and preliminary statistics.

Myfxbook

PAMM accounts (except Myfxbook)

EUR: + 483 €
USD + 114 $

In subsequent articles I will prepare detailed summaries and summaries.