So you want to make $100 a day trading?
The Forex markets, you think that that's a nice number for you just to
like, make some side money hustle and then in and out, have a nice
day.
So, in this video, I'm going to show you exactly how to do that.
Welcome back to the channel, everybody.
My name is already and this is the moving averages, shall we discuss
everything day trading to keep you profitable on a consistent basis.
So the average person in America makes ten bucks an hour, right?
Like you know you're working at Subway or your Uber Lyft driver.
Just to keep the figure around 10 bucks an hour.
You're working 8 hours a day.
That's eighty bucks - taxes.
You're getting 60 and change.
But what if you could trade the Forex markets and make $100 in a
single day?
Not even working 8 hours just you know a hundred bucks on a trade.
That's the dream of a lot of people starting out and I'm going to show
you how to do that but I want to put a little caviar on it.
Is that it's not easy and you can easily lose that hundred dollars
just as quick stop.
Let's jump into the chart from the show you exactly what I'm talking
about.
So if you're unfamiliar with trading Forex what I need you to do is
stop watching this video and watch this playlist.
First, it breaks down everything you need to do in order from learning
how to read.
Parts to the psychology behind a trading, get that under your belt
first, honing, your skills and then come back to this video.
With that being said, let me show you how to make $100 a day in the
Forex market.
So, this is Australian dollar.
U.s.
dollar currency pair on a 1-minute time frame.
Again, do not trade the one minute time frame.
This is just to show you how quickly this happens.
So, if you place a trade with one standard lot size, every time this
price, which is currently at 76230.
Every time this price moves up one pip, which is the fourth decimal
point.
That's the price.
This is the fourth decimal point.
If this goes up to 76240, that's one pep with one standard lot size.
Do you make ten bucks that tiny little move is like this much, so if
you want to make $100, you need to try to get 10 Pips, let me show you
what 10 Pips looks like from the
Point to this point, that is a 10, pick up move.
If you were to do one standard lot and the price moved this much you'd
make $100, is that easy and the video?
That's where most people get it wrong.
This is easy enough to explain that.
This is 10 Pips one standard lot, you make $100.
But you have to know when to get in, you have to know when to get out.
Most people what they do, when they see the price going up is by, and
they think it's going to continue up.
So again, 10 tips in the opposite direction is a loss of $100.
So how do you know where the price is going to go?
Again, you need to watch my playlist on how to do different strategies
in day trading.
You have to learn where your entry points are, you have to learn what
moving averages, do self throwing up my three favorite moving averages
on here, we have the 21, the 50 and the 200, you can see which
direction the price is going more clearly.
And why It reversed at certain levels.
For example, right here, we were overextended from the moving averages
and it
Ready to come down, breaking through the 21 Day, moving.
Average retesting it for a third time, right here.
And then continuing to fall down, bouncing off the 200.
And you can see, we're starting to see patterns, right here.
We're consolidating a little bit right here.
And now, we're trading below the 200 day moving average, showing a
downtrend rejecting, really hard off the 21 and continuing down.
So if you were to watch my videos on my sniper entries and a
three-line strike, you would have seen this perfect pattern right
here.
This pattern is so recognizable, but fools.
90% of new Traders.
You get a green candle, another green candle, a huge green candle
showing this big bullish momentum.
You get in for a bye and you get stopped out with this thing.
This is called a three-line strike foolish, foolish foolish.
And then a bearish engulfing and the price starts cascading down.
So if you are a good Trader and you watched my videos, you take your
measuring tool you get in on the close of this bearish engulfing.
Candle and you want your 10 Pips?
Let's see when you got it right there.
You got that perfect.
10 Pitt.
Move-in, 10 minutes each candle is 1 minute in 10 minutes, you got
your 10 Pips, you got your hundred bucks on a one standard lot size
trade, That's The Power of knowing, when to get in, on a trade, it
happens quick, if you get the right position, now, don't get me wrong.
Not, anybody can do a standard lot size trade, that requires you to
have a larger Forex Trading accounts eyes.
So you need to save up some money and or do it on demo so that you can
see exactly the PIP and lot, and The Leverage calculations that you
need to do in order to make these one lot traits.
But if you're starting out, I recommend only trading a, 0.01 lot size,
which is 100 the size of this, but this will get you started and get
you comfortable in trading.
Eventually, you can grow into this but you need a much larger for
Account than the normal beginner starts with.
So this is just a quick rundown on how to make $100 a day.
It is easy in theory, but in practice, it's far more difficult.
So make sure that you're watching my videos, make sure you're getting
the training that you need in order to learn how to do this.
And if you guys are still watching this video, guess what?
That means that you like the video.
So if you wouldn't mind, click the like button down below my face
right now, and consider subscribing if you have not already.
Thanks so much for watching and we'll see you in the next video.