PredatorKingdom
BANNED
- Jan 19, 2016
- 301
- 90
I started my first full day on Forex yesterday and I made about $78 profit only using $50 to start.
I've been using the past 2 years to figure out what's the best way to make money online, I made a passive income from YouTube from 2012-2018 and had to go through a lot of misfires to potentially get to this point. I'm not like super sure that Forex will work for me in the short or long run but so far so good.
I spent a couple of days just practicing on the demo trying to get my confidence up because I went through a 3 week period where I burned through my money trying to make money through the online casino niche.
Forex trading is a lot like the casino niche but it's not set up for you to lose every hand like you are in the casino. You do need to be skilled and train yourself to get better at it as you will lose money doing it so definitely take advantage of demos.
Well anyways getting to today I deposited $50 into my account to give it a shot I'm on my last legs financially so I felt like I minus well see how this works. I used a 20 cent lot or 0.20 volume and I was deep into the negative early but I kept my cool as I learned this trick to stay in the game and not stop my tradeline.
I had invested into a real good stock that was sending me into a positive zone and within about 30-40 minutes I was finally in the positive and I grabbed about $32 on that trade. My confidence started going up at this point.
Then I made another $46 to finish up my day and lost my initial $50 deposit and had to put another $50 in there but all in all, I made $78 bucks in one day and this was just my first day.
I broke a cardinal sin which is not to use money that you wouldn't want to lose but in my situation, I literally had no choice. I felt like at some point my luck was going to have changed and it finally did yesterday for the first time in 2 years.
Who knows my Forex career might end tomorrow but so far so good and I barely had any real knowledge I just took the advice of a few people I studied on YouTube and took their techniques and used it here and it worked.
The key to Forex is knowing when to pull out when you get into the positive zone and you have to control your greed. There's always an inch to let the candlesticks continue to trickle up but I learned to follow setups and I know when a candlestick will start going down and that's when you need to pull out. If you get out too late then you need to stay there and go deep into the negative until it starts to rise back up.
Just study the market and look for the setups as more times than not. It's basically like playing a video game or Tetris and just knowing when to get in and when to get out.
I'm using a smaller account so I take my profits in chunks like grabbing $3 or $5 or $10 or $20 or $30 here and there. When you have more money in your account balance then you can play bigger lots and make $100 or more on one trade but it's going to take much longer on smaller accounts but the time you spend on Forex is worth it if you can make more than $50 or more a day.
My ultimate goal at this point is to make $100 a day from doing this and turn this into a livable income every month which is very possible.
Right now I hope to go into tomorrow making at least $50 minimum but I might wait a day to trade again because I just withdrew $50 into my bank and I'm awaiting confirmation from my broker that the money will go through my debit card. Once that's done I'll start trading again.
Another goal of mines is to only risk the money I directly make from Forex instead of the money I already had in my bank. This will happen if I can win one more day at Forex and then the money I risk will only be Forex money at that point.
If you're like me and you're looking for some hope to make some good money online don't be scared to delve your head into Forex. Just a few months ago I didn't even know what the hell Forex was and always ignored it and now it might be the main reason I finally get out my situation.
If Forex does great business for me then I will use it to get back onto YouTube and get that career back going.
This is so beginner-friendly it's ridiculous how easy this can be once you figure it out it literally took me only 2 days to figure this out. It's basically a money printer for real and you just gotta buy trade markets that show promising patterns.
Just a quick warning closing sales is super hard because the price be moving so fast you can go from $15 profit to $2 in just 3 seconds so get used to making fast decisions on the fly.
YA DIG!
I've been using the past 2 years to figure out what's the best way to make money online, I made a passive income from YouTube from 2012-2018 and had to go through a lot of misfires to potentially get to this point. I'm not like super sure that Forex will work for me in the short or long run but so far so good.
I spent a couple of days just practicing on the demo trying to get my confidence up because I went through a 3 week period where I burned through my money trying to make money through the online casino niche.
Forex trading is a lot like the casino niche but it's not set up for you to lose every hand like you are in the casino. You do need to be skilled and train yourself to get better at it as you will lose money doing it so definitely take advantage of demos.
Well anyways getting to today I deposited $50 into my account to give it a shot I'm on my last legs financially so I felt like I minus well see how this works. I used a 20 cent lot or 0.20 volume and I was deep into the negative early but I kept my cool as I learned this trick to stay in the game and not stop my tradeline.
I had invested into a real good stock that was sending me into a positive zone and within about 30-40 minutes I was finally in the positive and I grabbed about $32 on that trade. My confidence started going up at this point.
Then I made another $46 to finish up my day and lost my initial $50 deposit and had to put another $50 in there but all in all, I made $78 bucks in one day and this was just my first day.
I broke a cardinal sin which is not to use money that you wouldn't want to lose but in my situation, I literally had no choice. I felt like at some point my luck was going to have changed and it finally did yesterday for the first time in 2 years.
Who knows my Forex career might end tomorrow but so far so good and I barely had any real knowledge I just took the advice of a few people I studied on YouTube and took their techniques and used it here and it worked.
The key to Forex is knowing when to pull out when you get into the positive zone and you have to control your greed. There's always an inch to let the candlesticks continue to trickle up but I learned to follow setups and I know when a candlestick will start going down and that's when you need to pull out. If you get out too late then you need to stay there and go deep into the negative until it starts to rise back up.
Just study the market and look for the setups as more times than not. It's basically like playing a video game or Tetris and just knowing when to get in and when to get out.
I'm using a smaller account so I take my profits in chunks like grabbing $3 or $5 or $10 or $20 or $30 here and there. When you have more money in your account balance then you can play bigger lots and make $100 or more on one trade but it's going to take much longer on smaller accounts but the time you spend on Forex is worth it if you can make more than $50 or more a day.
My ultimate goal at this point is to make $100 a day from doing this and turn this into a livable income every month which is very possible.
Right now I hope to go into tomorrow making at least $50 minimum but I might wait a day to trade again because I just withdrew $50 into my bank and I'm awaiting confirmation from my broker that the money will go through my debit card. Once that's done I'll start trading again.
Another goal of mines is to only risk the money I directly make from Forex instead of the money I already had in my bank. This will happen if I can win one more day at Forex and then the money I risk will only be Forex money at that point.
If you're like me and you're looking for some hope to make some good money online don't be scared to delve your head into Forex. Just a few months ago I didn't even know what the hell Forex was and always ignored it and now it might be the main reason I finally get out my situation.
If Forex does great business for me then I will use it to get back onto YouTube and get that career back going.
This is so beginner-friendly it's ridiculous how easy this can be once you figure it out it literally took me only 2 days to figure this out. It's basically a money printer for real and you just gotta buy trade markets that show promising patterns.
Just a quick warning closing sales is super hard because the price be moving so fast you can go from $15 profit to $2 in just 3 seconds so get used to making fast decisions on the fly.
YA DIG!
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