hello traders it's Samurai trader here welcome to my recording now this
particular recording we're going to cover a couple of questions that I've
received from various potential students from a number of countries around the
world we're opening a fully funded futures account or place in five to ten
thousand dollars in a trading account just is not an option for them because
economically from where they come from they just don't have the finances or
resources available so I'm going to be covering some various options for you in
this video of course we understand the risk and please feel free or you should
understand the risk I should say please read the risk disclaimer now everything
I'm going to be covering in today's recording of course is covered
comprehensively in the day traders fast-track program and if you've got any
further questions after this recording please drop me an email which is at the
bottom of the screen here or visit my website and to purchase the program we
have now over 20 hours of recordings and more material being introduced to the
course every week so the number one question that I've received a number of
times now from India and sri lanka and even though colombia is how do I earn
$25 a day were very limited capital that is I don't have five to ten thousand
dollars to open an account so in this session will briefly discuss account
sizes risk management and I'm going to show you some high probability trading
strategies that you can use now one of the most significant issues that new
traders face is not having the correct amount of capital to trade with you see
many traders when they desire to day trade they want to day trade for an
income strength well it's very very difficult to in the Western society to
start day trading with say one to two hundred dollars and expect to earn
that's almost it is impossible to earn a hundred dollars a day very you know not
sent it can't be done but very very unlikely you see most people also
very impatient that is not willing to start with say a hundred and trade micro
accounts and build their account size where what the lose our risk way too
much on their capital and you know what a lot of people so it's only $100 if I
lose one or two hundred what it really doesn't matter
well traders it doesn't matter because the amount of bad habits you create the
or over sense the thinking you actually do an incredible amount of psychological
damage to yourself even if you're trading with a micro account you've got
to assume it's a million dollars it's absolutely critical and even if you have
the amount of money to say trade ten or twenty over a hundred contracts when you
first open your account it's absolutely critical if you start with one and you
earn the right and you increase the amount of contracts that you're trading
with profitability all of this is covered in the course so if you wish to
open a futures account realistically you need four thousand dollars per contract
if you're following the risk parameters correctly now with Forex you need ten
thousand if you're going to try to standard lot a mini lot 1000 and a
micro a lot as little as $100 now if you're going to look for a fully
regulated broker which is absolutely critical if you're going to trade mini
or micro lots there's a website link on the slide that you may wish to go to and
look it up but look up the 100 different brokers that offer many of micro Lots
but absolutely critical that you ensure that they are in a regulated brokers
there in the USA or they're in the euro zone fully regulated please check
that and then obtain a demo account and demo trade with them for a period of
time google them and see what sort of feedback if they had from other clients
other users of that broker because there's been so many issues with brokers
in the past fortunately most of regulators from most countries around
around the world now have really come down on the forex brokers it's a much
fairer and better regulated today so let's just say here and we'll
look at the charts in a moment and I'll give you some examples let's just say
here that you have a 20 pip stop that's very very important that you build your
spread or your Commission's into that stop so you may have say a 17 pip stop
with a 3 pip spread which is really a commission by the way the son brokers
still say where Commission free but there's a spread that's the Commission
make sure it's built into your risk parameters it because 2% must be your
maximum absolutely critical and ideally I trade with no more than 0.5% a trade
what that means for me is I can add to a position I can have actually up to four
positions running without exceeding my rules and remember you want to be a
rules-based trader absolutely critical so very important you have a minimum
target of one to one plus your commissions and spread which means if
I'm risking $200 I must get back $200 risking 200 all up including a
commission that is your bare minimum now there will be times you you'll get out
of a trade earlier because say the market stalls or or maybe you're about
to get a red flag news announcement all of this of course is covered in the
course but important considerations so if you're trading a standard lot you
need ten thousand dollars on a 20 pip maximum stop if you're trading and many
you need $1,000 and if you're trading a micro a lot where it's ten cents a pip
so you've got $10 a pip $1 or 10 cents you need $100 so if you're trading a
micro lot the smallest amount and $25 a day is needed you would need to execute
12 and a half or have the net-net after all losses 12 and a half trades a day by
20 pips net or if you're targeting 30 pips a day you'll need 8.3 trades a day
and if you're studying for the micro you really want to build up to a minute as
soon as you can over a period of time the problem is
most traders like the discipline and in taking the time to actually do this so
let's go and have a look at some charts so what you can see in front of you here
is the Euro Dollar and today's date it see it's Saturday
down here in Australia its have a third of a tenth 2015 and we can see the
action since over here since about 11:00 p.m. last night right through or 10:00
p.m. I should say right through to the close of the market this morning of
course the markets are open 24 hours a day five days a week and they're closed
now and straightaway there's a 34b there is a 34b 34b so their trades all
over the place but what I've done is I've marked some trades up so let's go
and have a look at those so a couple of important things once again this is an 8
range now a range means that there's an 8 range bar means is 8 ticks or 8 pips
per candle and beyond the scope of this video from any go and explain range and
tick and minute charts but let's just look at the setups that we've got here
this is a t2 now a t2 is a very very high probability trading strategy that
we have in our course so you've got a t2 you also end up with a t1 you've got a
t2 here to noon or t1 got a 34 bounce and a t1 you've got another t2 and a t1
so you've got trades firing off left right and center now this time period
here this is actually a very slow period so this is a good
T- this is a good 18 hours to fire these off now what you do you want more
trade you drop the timeframe down to a 5 range chart so one of the questions that
I've had asked is to earn $25 an hour sorry I should say let me take cap to
win $25 how much time do I need to put in what we can see if it's over 18 hours
now if you want to have a lot more trades you either have a higher profit
target and there's incredible runs here as you
even saw on the close of this morning and looking at this time period I marked
up or you trade more often by using a lower timeframe you can use the rule of
two which is a trading concept which is fantastic and for my students watching
this rule of two on range charts is brilliant it's are just a brilliant
trading strategy and you'll learn that in the course and my students go and
have a look at this if you're one of our forex traders now the best trading times
that also has a big impact here the best trading times of a London and New York
sessions and to keep it simple you want to follow the yellow line which is your
34 look at that they're just price because comes back and kisses it
continually because traders all around the world use the 34 EMA and the 89 EMA
so traders in quickly to finishing up this video is it yes it's very very
feasible and $25 a day trading preferably a mini account micro you can
do but you're going to have to work a lot harder you're gonna have to put more
hours in to open an account I've shown your list there you can go and have a
look of list of brokers but once again you must ensure that you with a fully
licensed regulated broker absolutely critical so traders I've covered a lot
of information in this 10 minutes please drop me an email or subscribe to my
youtube channel if you haven't already done so if you're ready to purchase my
fast-track day traders program or a cover 12 of the world's best track let
me save it again twelve of the world's best strategies please go to my website
or drop an email if you have any other questions I'm only too happy to answer
any questions for you Thank You traders good trading