How Much I Made First Month Trading Forex

How Much I Made First Month Trading Forex

Zero to Making $100k Per Month at 18 | My Story:

In this video I do an update on my Forex trading journey as I've now been doing it for one full month. Since the last video I kept on watching more forex beginner videos on the subject and expanding my knowledge. From watching more experienced forex day traders I found a strategy where people trade solely based on the price action graph, disregarding any RSI indicators or other signals. This worked for me for a couple days but I then tried using some new indicators and ended up losing money. In the end it kind of felt like gambling but with a slight edge where the odds are little bit more in your favor. This video is not day trading advice, it is strictly for entertainment purposes only.

[cdeadpoolblock]

Risk management guys, don't forget. . Also don't be greedy, less is more. The market's won't run from you but your cash will if you chace the market's!

[biaheza]

There’s currently a very strong bullish indicator for smashing the like button under this video

Edit: We’ve been getting a lot of good trading advice in this comment section, please keep it coming as I’m still learning and will likely continue trading

[flowmotion_]

If you’re gonna trade with $10k learn and master risk management. Think about it like this, if u can’t grow $100 to $200, how can you grow $10k to $20k?

[Batesboards]

You were trading with wayyyy to much emotion and not sticking to a winning strategy. As well as horrible risk to reward ratio. Trade with a small portion of your account and stick with that small percentage throughout your trades. Once you find a good strategy that works for you. Stick with it and let your account compound. As it compounds, while maintaining that low percentage risk reward ratio. You're trades will grow larger and larger but allowing for stable growth

[todd.sherley]

The only way to make money in Fore is hire a newbie to pick your trades and do the exact opposite of what they say...

[DannyTurnerCD]

Trading is just like going to college. You're going to pay some tuition before you consistently collect returns.

[KevinP]

THANKS for your honesty young man. i'm 50 and just started learning about forex.

[rb]

“I can’t turn a profit on 1000.... but I can on 10k.... “. stop!!! Get consistent on small amounts first!

[morterfx]

I’ve just finished the rest of the video and your basically risking 200 to gain 10-17 dollars, this is not how traders trade the market for everybody who is thinking that this is how risky trading is

[jaliscotazumbos]

I just love how he has 10k laying around to experiment 😂

[Valuedawg]

A book I really recommend is trading in the zone, gives more insight in trading psychology

[iPandaNation]

Your emotions started firing because of the small profits, love the enthusiasm. I started in with 1000. Over just about 2 months I’m at 1572. It’s the baby steps first I believe.

[meetmilo]

"80% of traders lose money." Me: I'm gunna be a millionaire in FOREX...

[s.s.karena]

Failing is not bad but lacking the right mentality is. One thing I know for sure is that risk is a commodity in the market and due to ignorance of our financial freedom we tend to loose profits on a daily basis by scalping from the leanest trend of a stock in the market.

[kaushikkay]

ive been into fx for 3 years now and short note for you, the common mistake i see is your risk to reward. Research more about risk to reward. i think that will completely change your mindset.

[LavishRubytv]

Biaheza I love you but this was a HORRIBLE representation of forex. Ive been trading successfully for a while and with a $1000 you should be making $30-$40 following good risk management. You risked $60 to make $3 that’s horrible risk to reward and using a 5m timeframe is basically scalping which is equivalent to gambling, which forex shouldn’t be. I would use 30m the least. I do recommend swing trading, that’s really how I mastered trading. You have money to lose... a lot of people watching don’t, you’re going to make people lose more money they can handle.

[_justified]

You should really only aim for 1-2% growth a day, not 10% or more. That's playing too risky.

[jesterpoker]

All experienced traders! I currently trade with around $3, 000 on a platform with a 1:50 margin. I can consistently bring in around $200 a day. Although I have to potential to make more, I choose to be more conservative and settle for the ≈$200/day.

[DanielIles]

*Keep sniping those $3 trades until you get to that milli* 😂

[kayphsn]

New title: "How Much I Made First Month of Gambling in Forex"