How to Make Money Trading Forex - BabyPips.com

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Forex Trading Lessons: A Must For Forex Beginners

Forex Trading Lessons: A Must For Forex Beginners
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Making money trading forex if you have no money?

I live in a poor country where salaries are very low.. So there's no way that I can have a regular job that lets me save up $50k for trading.. not even $25k.
I know that some websites look for good traders that they will let their clients(investors) choose which trader they want to invest in and then the trader gets 15% of the profits and the website gets 5%.
I wonder a bit about how difficult or long time it takes to get investors to invest money on you? I know it's very tough to answer without going into lots of details about what ROI you have, drawdown etc but if you have for example traded for half a year and have a ROI of 15% total so far?
I'm afraid the serious investors won't consider any trader that don't have at least 2-3 years history.
I mean, let's say I get a few investors and I'm now trading a total of $10k .. let's say I make for them 20% annual roi that's $2k annual profit equaling $166 per month and I get 15% of that profit so my monthly income would be just $25 per $10k that is invested in me? So even if I'm trading for $100k total I would just be getting $125 per month which is very little, actually unsurvivable even in my poor country. I would need to be trading for a minimum of half a million usd for these investors before I can support myself.
I think maybe I should forget about forex? Because I've been successful at it so far, studied it for 3 months but I've also studied it for about half a year prior to those 3 months and I've gotten good results so far but I don't have any real money to trade with... just enough for minimum deposit on a micro account. Just feels like a shame to give it up after so much hard work.
I used to play poker before I began with forex and I was actually able to make $500-$1000 per month and that is quite nice for my country but not great either.. most people make around $400-$500. And the thing about poker is that you don't need much money to make $500 per month. You can earn that from just playing $20 husng's or $25nl (blinds = $0.1/$0.25).. you can even get $500 per month just from $10nl If you put in a lot of hours every single day.
I regret a bit stopping to play poker now and thinking of going back to playing poker but it's been a long time since I played poker now so I would have to spend probably 1-2 months getting into the swing of things.
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Reddit Forex Scalping: 4 Strategies To Make Money Trading Forex For Newbies

Reddit Forex Scalping: 4 Strategies To Make Money Trading Forex For Newbies

4 Forex and Stocks Scalping Strategies Reddit

We take a look at scalping trading strategies, as well as some useful indicators.
https://preview.redd.it/rb33l4c42nw51.jpg?width=600&format=pjpg&auto=webp&s=c225b90045dcd566f5a85e09cf51d887a1b69ed7

What does scalping mean?

Scalping is a type of trading strategy designed to profit from small price changes since the benefits of these transactions are obtained quickly and once an operation has become profitable. All forms of trading require discipline, but because the number of trades is so large, and the profits from each trade are so small, a scalper must rigorously stick to their trading system, to avoid large losses that could eliminate dozens. successful operations.
The scalper traders: they will take small profits to take advantage of the gains as they appear. The goal is a successful trading strategy by means of a large number of profitable trades, rather than a few successful trades with large profits.
The scalping of the idea of a better risk exposure as the current time each operation is quite short, which reduces the risk of an adverse event that causes a big move. Furthermore, it is considered that smaller movements are easier to achieve than larger movements and that smaller movements are more frequent than larger ones.
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The best scalping strategies

  1. Stochastic Oscillator Strategy
  2. Moving average strategy
  3. Parabolic SAR Indicator Strategy
  4. RSI (Relative Strength Index) Strategy

Reddit Forex Scalping Strategies:

1- Scalping trading using the stochastic oscillator

Scalping can be achieved by using the stochastic oscillator. The term stochastic refers to the current price point relative to its range over a recent period of time. When comparing the price of a security with its recent range, a stochastic tries to provide potential changes. The scalping using said oscillator aims to capture the movements of a market trend, ie, one that moves up or down accordingly. Prices tend to close near the extremes of the recent range before a change occurs, as in the example seen below:
https://preview.redd.it/7wy3ixui2nw51.png?width=1397&format=png&auto=webp&s=91f50d685dd4841015c51322cee9fb90701aad33
the chart above, for Brent over a three minute period, we can see that the price rises even higher, and the lows in the stochastic (marked with arrows) provide entry points for long trades, when the black line of% K is crosses over with the red dotted line of% D. The operation is exited when the stochastic reaches the maximum value of its range, above 80, when a bearish convergence appears, when the line of% K crosses below with% D.
Rather, short positions would be used in a downtrend market, as in the example below. This time, instead of 'buying dips', we are 'selling raises'. Therefore, we will look for a bearish convergence in the direction of the trend, as highlighted below:
https://preview.redd.it/y3qqvejs2nw51.png?width=1398&format=png&auto=webp&s=627f3ded47e901c1f9ea97d5416caeea49b9dc3f

2- Scalping using the moving average

Another method is to use moving averages, usually with two relatively short-term and one longer-term to indicate the trend.
In the examples below, on a three-minute chart of the EUR / USD pair , we are using 5- and 20-period moving averages in the short term, and a further 200-period moving averages in the long term. In the first chart, the longer-term moving average is rising, so we expect the five-period moving average to cross above the 20-period moving average, and then we take positions in the direction of the trend. These are marked with an arrow.
https://preview.redd.it/22jquy1z2nw51.png?width=1499&format=png&auto=webp&s=ed4f724384b86f95dff584c596e25652f23f240d
In the second example, the long-term moving average is declining, so we look for short positions when the price crosses below the 5-period moving average, which has already crossed below the 20-period moving average.
https://preview.redd.it/0tl7mky23nw51.png?width=1496&format=png&auto=webp&s=ca7b44138901537185d9e0dbd639a799407ced08
It is important to remember that these trades are trending and that we are not trying to find and capture every move. As in any scalping strategy, it is essential to have good risk management with stops, which is vital to avoid large losses that could eliminate many small gains quickly.
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3- Scalping with the use of the parabolic SAR indicator

The Parabolic SAR is an indicator that highlights the direction in which the market is moving and also tries to provide entry and exit points. SAR is the acronym for ' stop and reversal ', which means stop and revocation. The indicator is a series of points placed above or below the price bars. One point below the price is bullish and one point above it is bearish.
A change in the position of the points suggests that there is going to be a change in trend. The chart below shows the DAX on a five minute chart; You can open short trades when the price moves below the SAR points and long when the price moves above them. As you can see, some trends are quite widespread and at other times a trader will encounter many trades that generate losses.
https://preview.redd.it/35uo837g3nw51.png?width=1498&format=png&auto=webp&s=f020a461c6ff1f8d49fab381da0713b1de75dbf7

4- Scalping using the RSI

Lastly, investors can use an RSI strategy to find entry points that go with the prevailing trend. In the first example, the price is rising steadily, with three higher overall moving averages.
Downs in the trend are to be bought, so when the RSI drops to 30 and then moves above this line, a possible entry point is created.
https://preview.redd.it/fkk1df2k3nw51.png?width=1499&format=png&auto=webp&s=8e9b4c7b1af0d0732793ddf5dc462aeaa7321dc9
Conversely, when the RSI moves to 70 and then begins to decline within the downtrend, an opportunity is created to 'sell the rally', as we have seen in the example below.
https://preview.redd.it/dlq4ge7p3nw51.png?width=1497&format=png&auto=webp&s=10eb4baf8bd92a4e0e33905464859b73871a6201
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What do you have to know before starting scalping strategies Reddit?

The scalping requires the trader has an iron discipline, but also very demanding as far as time is concerned. Although long-term times and smaller sizes allow investors to move away from their platforms, given that there are few possible entries and can be controlled remotely, scalping requires the investor's full attention.
Possible entry points can appear and disappear very quickly and therefore a trader must be very vigilant about his platform. For individuals who have a day job or other activities, scalping is not necessarily an ideal strategy. On the other hand, long-term operations with higher profit objectives are a more suitable option.
It is difficult to execute a successful scalping strategy. One of the main reasons is that many operations need to be performed over time. Some research in this regard usually shows that more frequent investors only lose money faster, and have a negative capital curve. Instead, most investors are more successful and reduce their time commitments to trading, and even reduce stress by using long-term strategies and avoiding scalping strategies.
The scalping requires quick responses to market movements and the ability to forgo an operation if the exact moment has passed. 'Chase' trades, along with a lack of stop-loss discipline, are the key reasons why scalpers are often unsuccessful. The idea of ​​only being in the market for a short period of time sounds appealing, but the chances of being stopped out on a sudden move with a quick correction are high.
Trading is an activity that rewards patience and discipline. Although those who are successful with scalping do demonstrate these qualities, they are a small number. Most investors do better with a long-term view, smaller position sizes, and a less frenetic pace of activity.
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How to Make Money Trading Forex with No Previous Experience

How to Make Money Trading Forex with No Previous Experience submitted by jackcarey123 to u/jackcarey123 [link] [comments]

How to Make Money Trading Forex with No Previous Experience

How to Make Money Trading Forex with No Previous Experience submitted by jackcarey123 to u/jackcarey123 [link] [comments]

How to Make Money Trading Forex with No Previous Experience

How to Make Money Trading Forex with No Previous Experience submitted by jackcarey123 to u/jackcarey123 [link] [comments]

How to Make Money Trading Forex with No Previous Experience

How to Make Money Trading Forex with No Previous Experience submitted by jackcarey123 to u/jackcarey123 [link] [comments]

How to Make Money Trading Forex with No Previous Experience

How to Make Money Trading Forex with No Previous Experience submitted by jackcarey123 to u/jackcarey123 [link] [comments]

How to Make Money Trading Forex with No Previous Experience

How to Make Money Trading Forex with No Previous Experience submitted by jackcarey123 to u/jackcarey123 [link] [comments]

How to Make Money Trading Forex with No Previous Experience

How to Make Money Trading Forex with No Previous Experience submitted by jackcarey123 to u/jackcarey123 [link] [comments]

How to Make Money Trading Forex with No Previous Experience

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How to Make Money Trading Forex - Platinum Trading Academy

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How to Make Money Trading Forex with No Previous Experience

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Make money trading forex and binary option

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How to Make Money Trading Forex with No Previous Experience

How to Make Money Trading Forex with No Previous Experience submitted by jackcarey123 to u/jackcarey123 [link] [comments]

How to Make Money Trading Forex with No Previous Experience

How to Make Money Trading Forex with No Previous Experience submitted by jackcarey123 to u/jackcarey123 [link] [comments]

How to Make Money Trading Forex with No Previous Experience

How to Make Money Trading Forex with No Previous Experience submitted by jackcarey123 to u/jackcarey123 [link] [comments]

How to Make Money Trading Forex with No Previous Experience

How to Make Money Trading Forex with No Previous Experience submitted by jackcarey123 to u/jackcarey123 [link] [comments]

How to Make Money Trading Forex with No Previous Experience

How to Make Money Trading Forex with No Previous Experience submitted by jackcarey123 to u/jackcarey123 [link] [comments]

How to Make Money Trading Forex with No Previous Experience

How to Make Money Trading Forex with No Previous Experience submitted by jackcarey123 to u/jackcarey123 [link] [comments]

How to Make Money Trading Forex with No Previous Experience

How to Make Money Trading Forex with No Previous Experience submitted by jackcarey123 to u/jackcarey123 [link] [comments]

[100%] HOW TO MAKE MONEY TRADING FOREX COUPON

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[100%] HOW TO MAKE MONEY TRADING FOREX COUPON

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Making Money From Forex Trading - Reality or Dream? - YouTube

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