so you're new into day trading and you
have a small amount of money and you
want to grow that as quickly as
possible not everybody has ten thousand
dollars to open up their first forex
account and like
trade you know the proper way so in this
video i'm going to teach you how to grow
a
small forex account in a quick
and efficient way
[Music]
welcome back to the channel everybody my
name is artie and this
is the moving average a show where we
discuss everything day trading to keep
you
profitable on a consistent basis so most
day traders when they're starting out do
not have
ten thousand dollars to open up a
brokerage account and start trading the
markets
if they do and they're new nine
times out of ten they're gonna blow that
account and never look at forex again
i don't think you can lose that amount
of money and then come back to it again
with the same amount
unless your mental game is really really
strong a lot of traders
have a tendency to revenge trade like
they lost their money so they're gonna
try to win their money back no no
no no that's not the way to think about
it you lost that money that money is no
longer yours
you need to start over take the l and
the lesson
and move on from it before we get into
this video what i'm gonna discuss
is extremely reckless and against every
day trading rule
so if you are new and unfamiliar with
risk management
please watch this risk management video
first it is my story of how i lost a lot
of money in the forex markets
i am not suggesting everybody do this
this is the disclaimer
do not do this this is not financial
advice
this is just a strategy that somebody
could play with
not like their main focus but just a
strategy that they could play with
on a demo account to see if they can
quickly grow a forex account and if you
are
good enough and you have the experience
and you have the time put in in the
charts
and you know what these prices do at
certain times of day
you could actually eventually do this on
a live account but it
is completely at your own discretion
this is extremely risky trading
and i really i can't stress this enough
you probably shouldn't do this but i'm
going to show you how to do it anyway
okay without any further ado let's jump
into trading view and
take a look at how this works
so in any forex market this is gbp
jpy right now you see you know the ebb
and flow
of the market you see spikes you see
retracements you see
all of the things this is on a one
minute time frame
there's a lot of noise and movement on a
one minute time frame
and you also have these huge spikes and
drops that happen randomly
these are usually news events but you
can't really anticipate
how much and how quick it's gonna happen
i mean just for example this
one one minute candle was 70 pips
and it happened in 60 seconds so why am
i showing you this
i want to show you that depending on the
currency pair
these moves are enough to get
20 pips so let's draw out on this chart
what 20 pips looks like it's that big
this amount of movement is 20 pips
so i'm gonna draw a box that's
essentially that long
okay this is going to be our reference
point your
goal is to get 20 pips out of the market
you could see
you got it here you got it here you got
it here
you got it here like it it's
quite consistent to be able to get 20
pips out of the market
if you know where to enter and what to
look for
this is a weird thing that i found on
the internet it is called the 20 pip
challenge stick with me on this this is
actually in my mind it's extremely smart
because imagine if you had a ten
thousand dollar forex account
and the standard way of trading is
risking one to two percent
per trade so you're risking 100 to 200
of your money per trade in hopes that
that trade will work out and you will
win
and then you'll grow your account slowly
over time essentially with this
you can start off your forex account
with
20 20 euros 20 pounds
whatever 20 of the big currents each
trade
you're trying to get 20 pips
if you get that 20 pips at a specific
lot
size listed on this chart trying to
increase your account by thirty percent
per trade so you start off with twenty
dollars
you want thirty percent growth so that
means your profit goal
on that trade is six dollars and the lot
size for twenty pips
is point zero three you get that six
dollars you add it to your main account
and you try to get thirty percent of the
next one the next trade profit goal is
eight dollars for
20 pips and so on and so forth i'm going
to put
this chart in my discord group linked
down below
if you would like to download this or
have access to it
then you can adjust the numbers with
whatever you want to do but essentially
this
is the power of compounding so you're
gaining
30 on your total account balance so
20 30 you know your new account balance
30
and so on and so forth these first few
numbers
may not seem dramatic at all like you're
like oh cool i'm gonna get six dollars
it's not that big of a deal but
as you keep increasing your lot size
trying to get the exact same
20 pips you can see as your account
grows this number gets dramatically
bigger
by the time you're on trade 15 to 17
you're
looking at two to three hundred dollars
per
trade that you're getting one trade
three hundred dollars
then once you get to the higher rankings
this is where it gets absurd level 22
you're getting 1 400 per trade
level 28 you're getting 7 000 in one
trade
so this whole thing is taking 20
in 30 successful trades like they have
to be successful trades they have to be
winning trades
after your 30th trade you will have an
ending balance of 52
404 now why do i say this is reckless
because the standard way of looking at
trading is risking one to two percent
you're risking 30 percent per
trade so you can see here i have these
numbers adjusted
this is your profit goal but this is
where you want to
limit your losses so if you get to this
point you close the position
and you go back one level so say you're
on level seven
on this and then you do a trade and it
fails
you only lose 22 dollars bringing you
back to level
six what i like to do is once you've
completed a trade
mark it in green you know i have a
column here for if it's completed or not
or how many times you've done it
and then notes every single trade you do
you
should be keeping a trading journal why
you got in on that trade
what time frame were you looking at what
indicators were you using to let you
know that the trade was going to go in
that direction this is going to help you
determine why you're losing trades and
why you're winning trades so you can
focus
on the things that are working and try
not to do the things that are not
working
now this is complete like do not focus
on this as your main source of income
this is a side project that you could
possibly test
on a demo account so i did this like i
have my main
you know trading account and then i
started doing this just for fun
i got up to level 15 i was at 788
and i was like this is cool like you
know i can do this i'll eventually get
to the end
and i swear at that point when i was
like oh yeah this is easy
i immediately kept losing trade after
trade after trade after trade after
trade and i got down to level
eight now you might be saying to
yourself that's crazy you lost six
hundred dollars like that's so reckless
yeah but my original risk
is only twenty dollars so if you think
about that in comparison to a 10 000
account where you're risking 100 to 200
per trade
that risk is 10 times higher
than what you're risking here so there
is a micro and a
macro way to look at this micro
you're risking a lot like once you get
to these higher levels and you lose
three thousand two hundred and fifty six
dollars on a trade that is huge and that
is a
micro huge loss like that's a gut punch
if you wake up and you have
minus three thousand two hundred dollars
it's going to hurt
but macro if you think about the big
picture
you're only risking ever this
twenty dollars so even if you're here
losing three thousand dollars or seven
thousand dollars a trade
you have to keep it in your mind that
this is only twenty dollars
this will keep like the bad psychology
of trading that like really hinders a
lot of traders
out of the equation because you're not
like this is basically demo
money after a while because you know
it's only twenty dollars
so if you lose five thousand it's like
losing a trade on a demo account it
doesn't hurt
it doesn't like gut you getting back
onto trading view
trying to get this 20 pips out of the
market
you're gonna have to have a really good
strategy to do so
as you guys know and by the name of the
channel
i like moving averages i think they are
the
best way to trade it shows you where
you're seeing
strength and resistance as well as
seeing momentum like if you see this
parabolic spike you know the momentum's
to the upside
so how to get these 20 pips
out of each one of these moving average
cross moves or rejection on the moving
average
what i suggest is you go watch
this video right here this video right
here is a strategy on my
three line strike so
basically you're waiting for three
subsequent candles in a certain
direction and then a big
fat engulfing candle in the opposite
direction
that is going to be your entry point on
every single
trade with your stop loss above or below
that big engulfing candle so if it was
bearish like going down it would be just
above it and if it was bullish it would
be just below it so let me show you what
this looks like
it doesn't matter if it's five or seven
or 12 consecutive
you know candles in that direction the
last three have to be the same color so
we had a bullish candle
a bullish candle a bullish candle and
then we had this big
fat engulfing bearish candle you get in
on a short position your stop-loss is
above
that candle and you're targeting 20 pips
so as you can see with this strategy
you're not
risking the full like like on my chart
here
like this risk dollars so if you're
doing a 0.03 lot size
your profit goal is six dollars you are
not risking a large amount with that
type of a stop loss because this is a
sniper entry this is going to give you a
really really good entry
so even if say you're on level 9 and you
lose a trade
you're not going to go all the way back
to level 8 you'll just lose a
small percentage of that because your
stop loss
is super tight these are my sniper entry
techniques so
we've dragged this profit level down to
20 pips
let's see if this thing played out and
eventually it did let's see how long
this
took two hours and 44 minutes i'm
telling you this strategy has to be my
favorite
it's the three line strike again it will
be linked in the description so
use that with this challenge and you can
take
twenty dollars and if you don't get too
emotional
you could bring it up to fifty two
thousand dollars again this is not
financial advice i am not a professional
i'm a youtuber making videos
on how to teach you how to trade
educational purposes
only try this on demo
that's zero risk whatsoever and if it
works and you do the whole challenge on
demo
then maybe consider trying it
on live okay i'm done that's it
like if you guys got some value out of
this video
make sure you're smashing that big fat
thumbs up button down below my face
if you have not already consider
subscribing to the channel it really
makes me feel good about myself
and i will see you in the next video