Small Account Challenge Part 2 50$. How to trade small account Forex FAST Trading Strategy and Indicator to grow a Small Trading Account Fast and Easy
So, What happened to the Small Trading Account challenge? Did I blow up my account, Did I lose money, or did I make a lot of money? If you have been following this channel for a while, you know Last week I started a Small Trading account challenge. I started this challenge with not 10000 dollars, not 500, but only 50 dollars. I started this challenge on last Monday, and said I will do a weekly update video on the profit gains. It’s been a week, so it’s time to reveal if I lost money or was i able to make money.
On the First day of the week, you saw I was able to make 7 and half percent profit gain in a single day. Which was a good return on investment. But you should also note that I was trading on a 1 minute time frame. Since i was trading on a 1 minute time frame, I was able to take many trades in a small amount of time. Trading on a shorter time frame grew the small account by 7 and half percent. If I was trading on a bigger time frame, I would have not able to take trades more frequently, to make a good profit in one or few days.
Before, I show the profit of next few days, I just want to say, that I am going to release The official trading rush app in the following week. This App will help you and me, to back test any trading strategy easily. I won’t go into details now, but wanted to mention this, because I was Developing this App the entire week.
I said I was going to take most of the trades on 1 minute time frame to get more opportunities, But I did not get enough time to analyse and take trades on 1 minute time frame. So instead of taking all the trades on 1 minute, I took most of the trades on 15 minutes and 5 minutes time frames. I was developing the Trading Rush App on my main monitor, and was trading this small account on my second monitor.
So, after Monday , I directly took trades on Thursday. No trades on Tuesday, no trades on Wednesday, took trade directly on Thursday.
The first trade I took on Thursday, turned out to be a winner. It was on AUD JPY. Actually, I took another trade before this. It was a mistake really. I made an input error. Instead of deleting 1, and typing 2. I forgot to delete 1, and typed 2. I cancelled this trade as soon as I noticed the error. But i did make a small profit. I am not writing this profit in my excel sheet of course.
So, the AUD JPY trade i took, was on 15 minutes time frame. I drew some strong support and resistance, using the daily, 4 hours, 1 hours, and 30 minutes time frames. Then on 15 minutes, I saw the Price was at a strong resistance. Furthermore, MACD is also showing a crossover.
I wanted to go short on this pair. And I wanted my stop loss, somewhere above the resistance lines. So i used the ATR indicator to set my stop loss at the right place.
There you go. In this small account challenge, we did not blew up the account, and we did what many traders fail to do, Make money in trading.
I will keep trading on this small account, and will post the new results in the next week. I’m not sure, if I will keep taking trades on 15 minutes, or if i will switch to 1 minute, since I still have to publish the Official Trading Rush App later this week. We will see that in the next Small Trading Account challenge video.
Till then, check out other trading videos on this channel, where we tested MACD and many other strategies 100 times, to see their real win rates.
After all, you don’t want to risk your money on a strategy, that doesn’t even work.
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Want To See My 4 Steps 77% Win Rate Trading Strategy? (With Data)
See What I'm Trading Right Now?
1. Price Action Series (43mins)
2. Trading Foundation Series (1 hour)
3. How I Made 100% Profit In A Year (2 hours)
so You can Increase Your Win Rate!
Want To See My 4 Steps 77% Win Rate Trading Strategy? (With Data)
See What I'm Trading Right Now?
1. Price Action Series (43mins)
2. Trading Foundation Series (1 hour)
3. How I Made 100% Profit In A Year (2 hours)
so You can Increase Your Win Rate!