Hello everyone today i well talk about my secret ways to become a successful and get you first income more than 1000$ in forex per month, you must respect some of the basic principles of trading, which is to respect risk management and capital.
Let’s me tell you that 1000$ in forex is very simple and you can get more than 1k$ per day, but if you are just Beginner in forex you must take time for this.
Forex is not just analysis, selling or buying, but there is Recpect A lot of Rule.
RULE 1: CAPITAL.
All trade know Capital is very important to generate income because you can open more trade with big lot size…, but also you can start by just 100$ in live account and move 100$ to 1000$ by the ways below .
RULE 2: RIGHT BROKER.
Yes, if you are chose fake broker or scam broker you didn’t succeed in forex. Why? because you’ll find broker Hit your Sl and generate fake “Chart. so you must chose right broker.
my recommended broker is XM, you can Read more about xm and how to signup and get bonus, here: how open account I xm? and why xm the best?
RULE 2 : RISK MANAGEMENT.
PART 1: LOTS SIZE
Here determine how much money you want to lose per trade and each investment must be no more than 1% of the total head of your owner.
This is the rule:
$100-$200=0.01 lot size (Max 5 trades)
$300-$400= 0.02 lot size (Max 5 trades)
$500-$600=0.02-0.03 lot size per trade (Max 5 trades)
PART 2: HOW TO CALCULATE PIPS:
1 point in 1lots = 10$
1 point in 0,1lots = 1$
1 point in 0,01lots = 0,1$
PART 3 : SL AND TP
You can handle 10 transactions and then lost 6 trade and won only 4 Trade that will win the total !!
I will explain to you how:
We will trade 10 Trade.
We place a stop loss at 50 pips per transaction
While the profit stop at 100 pips per transaction.
Suppose we only win 4 trade
4 x 100 = 400 points.
We improved and lost 6 deals
6 × 50 = 300 points
So the total between profit and loss our profit 100 points.
Not to mention that we put profit at 150 points and stop loss only 50 and so on.
RULE 3: SIGNALS FOREX.
This rule is very important if you want to increase your profits.
You can join my free telegram channel here : @vipfxsignalcom
and you Can join also my Vip group from here: Vipfxsignal
My target is 1200 pips per month
RULE 4: WHAT THE BEST RULE OF WITHDRAWAL MONEY?
Did you know that big investors dno’t do random withdrawals?
So the best withdrawals method is:
1) chose your withdrawl time( weekly or monthly..), for me the best is weekly.
2) chose the percent of Withdrawal example, 25% in my balance.
Jan: Deposit 1000$ here I’m decide to withdrawal 25% monthly so:
Fev: my balance is 2500$, so (2500$×25% =625$ I well withdrawl this amount. so my new balance is : 1875.
Mar: I’ve 3000$ so ( 3000×25%= 750$)…
So guys forex is not a gambling but Forex is Art and science of money.
Share this poste with you friend. and take comment if you want any help for free.