5 Steps for Running the Table on the Broker
Step 1. Training
Before you start making trades with real money, you need to "take a test drive". A new user has a demo account with $10,000. With it, you can not only take the first steps, but also test out new strategies.
Step 2. Deposit Immediately
Well, you've registered on the platform. To do this, by the way, you just need to enter your name and email address and create a password. Then, immediately make a deposit. Put as much money as possible into the account. No, it’s not a joke! A new user has only one hour in which the platform will double the deposit. For example, I deposited $30, and the account now has $60. And here we return to the previous point. We’ve deposited money, but until now we’ve just traded on a demo account.
Step 3. Everything Ingenious is Simple
In trading, there are a ton of quality strategies that need to be studied over time thereby increasing your professional “skill”. Any beginner can master my favorite tactic. The beauty of it is that a trader doesn’t need to constantly read news reports and study market trends. You just need to have one chart in front of you. However, despite its simplicity, it lets you earn good money.
For this strategy, you need to use a dynamic asset with a rapidly changing price. For example, EUR/USD.
- Now you need to configure the chart itself. It needs to show Japanese candlesticks.
- The duration of the candlestick should be equal to the trade time. I suggest that you choose from one to five minutes. With that, we can make a lot of successful trades within a short period.
- Now let’s look at the chart. We see several red candlesticks. This means that a downward trend has formed. Now we just have to wait for it to reverse. If after two or more red candlesticks, it turns green, and then it rises above the last red one, it's time to make an up trade!
- Note that this strategy also works in the opposite direction. When a red candlestick appears and drops below the last green candlestick after a long increase (two or more green candlesticks), we put our money on a decline – that is that the next candlestick will also be red.
- Yes, my forecast was correct! And it gave me $41!
- It’s very important here not to give into emotions. If there are several candlesticks in front of you that can’t be used to definitively identify a trend – for example, they change color after one – then it’s better not to risk it and instead wait for obvious reversals.
- The main thing is to not be distracted by friends' messages or funny memes in your feed. You need to seize the moment when the trend is changing. In short, we focus exclusively on trading. By the way, this skill is also useful for working with more complex strategies in the future.
Step 4. Win-Win System
In any financial market, there are surprises. So, my second trade didn’t work out, but I wasn’t too upset. After all, there’s a system that makes any strategy a win-win. Let’s say we made a trade for the minimum amount (i.e., $1) and it lost. The next time we put in $2. Didn’t work out again? Then, $4. That is, we double the amount after each loss. As a result, a successful trade at $4 brings in $7.28! So, just one win after two losses makes it possible not only to compensate for losses, but also earn money! After a profitable trade, we return to $1 and start over. Now let's see how this system shows itself in business. I increased the trade amount to $100 and waited for the next trend reversal.
Another win! Two successful trades and one “surprise” and I earned $73 for half an hour!
Step 5. Playing it Safe
You can insure a trade even for $1,000, and if the trade goes bad, you won’t lose anything. To do this, you need to be a regular user of the platform and share your successes on the blog. Then you’ll be noted and given a special insurance token.
So, a little motivation at the end. How do you like my latest trades? The main thing to remember is that if you don't risk anything, you risk even more. A little confidence and you’ll definitely succeed, just like me!
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