Last week I grew my Forex account from $10 to $800 plus trading just Crash 500. I will show you a step by step procedure on how I was able to record such huge success after weeks and months of trials and errors.
First, let me give you a background of my story. I started trading Forex in 2018, but I abandoned it after losing $200 in one single trade.
Learn the Secret of Forex Trading, Click here to download a free e-book now
I was introduced into Forex by a friend in 2018 and the orientation he gave me then was, buy low, sell high, so I was practically doing gambling, I didn’t understand his explanation so I paid him $100 for a master class, the master class became more confusion, that I decided to just learn by trading on the demo.
Trading on the demo is fun, because you can leverage on any lot size since it’s not real money and make good profit. I decided to test real Account after one week of trading on my demo. I made a gain of $10 on my first trading day with a $200 equity, lost $8 the next day, made $7.25 the next day and lost $205 within an hour of trading Gold.
You can Use this new Strategy: Bollinger Band and Ichimoku Scalping Strategy for Boom and Crash
My Journey
I took a break from trading and started learning how to trade, the journey took me to the synthetic indices and I was able to see the crash indices (Crash 500 and Crash 1000), the Boom indices (Boom 500 and Boom 1000), but I picked Crash 500 as my research partner after two weeks of studying the market.
Before then, I was scammed by many Forex traders who parade themselves as experts on YouTube, from trading signals to Forex indicators and strategy. I was practically leaving on YouTube, watching tutorial and reaching out to most of the traders for mentorship.
I purchased all the available indicators in the market from Holy grail, Spike detector, $5 a minute trend set up, special indicators, etc., After using them for weeks without any success, I realized that the spike indicators, special indicators, etc., were all scams.
From my research, the truth is, 80% of traders who share their trade set up and strategy on YouTube are doing so not to help traders, but either to make money from YouTube partnership program or to brainwash weak traders to subscribe to their mentorship class.
The other 20% are priceless, if you are lucky to meet them, they will do all they can to teach yo to become a better trader.
The strategy
Combing the strength of Ichimoku Kinko Hyo, Accelerator Oscillator and Accumulation/Distribution, I was able to develop a strategy that change my entire trading life.
I went from $10 to $100 in a day then $800 in a week, and I’m still wining. The win ratio is 9 out of every 10 trades.
The result
How to Use the strategy to trade crash 500
1. The Set Up
Add Ichimoku Kinko Hyo to the main chart
Add Accelerator Oscillator to indicator Window 1
Add Accumulation distribution to indicator Window 1
Add Ichimoku Kinko Hyo to indicator Window 1
Add Exponential Moving average 48 to your chart
2. What to look out for
When the Ichimoku Kinko hyo cross the Accumulation/Distribution line on Window 1 and points toward the zero line of Accelerator Oscillator downward, and the price is below the 48 Exponential moving average, look for sells opportunity.
When the Ichimoku Kinko hyo cross the Accumulation/Distribution line on Window 1 and points upward toward the zero line of Accelerator Oscillator, and the price is above the 48 Exponential moving average, You look for buys opportunity.
Points to note:
1. Always use proper risk management before placing and trade 2. Trade with M5 only. 3. Place one Trade at a time. 4. Trade only when all the conditions are met. 5. Know when to exit the market. 6. Don’t quit when you lose, try and find out why you lose and learn to avoid it next time 7. Losing is part of trading, there is no trader that has not encounter loss before. 8. Make sure you make daily high and low and draw trendlines before you start taking trades, this will help you to know point and zones to avoid in the mark 9. Market structure is very important. 10. Signal won’t last long and they don’t help, learn to trade yourself, no matter how long it takes, once you are dedicated, you will master the market.
Understanding and mastering Price action is a priceless asset in Trading. Please learn study and master price action. Always remember trading the financial market is risky, so risk responsible.
Risk Disclaimer
Deriv offers complex derivatives, such as options and contracts for difference (“CFDs”). These products may not be suitable for all clients, and trading them puts you at risk. Please make sure that you understand the following risks before trading Deriv products: a) you may lose some or all of the money you invest in the trade, b) if your trade involves currency conversion, exchange rates will affect your profit and loss. You should never trade with borrowed money or with money that you cannot afford to lose.
Boom markets simulate a rapid price increase, while Crash markets simulate a sudden drop. These events happen quickly, offering potential profit opportunities for traders. Trading with $10: Is it Possible? Yes, you can start trading Boom and Crash markets with as little as $10.
To thrive in Forex trading, it's crucial to have sound money and risk management strategies. Even when trading with a small amount such as $10, it's vital to manage the funds efficiently. For small capitals like $10, risking a maximum of 5% per trade is recommended to avoid losing all the funds in just a few trades.
Opening and closing orders should just be treated as an execution that is always performed without any emotion. All of your trades should open according to your system and analysis conducted beforehand, this is one of the most important Forex trading secrets.
Try taking longer trades instead of focusing on the thrill of the spikes. If you want to sell a crash, you should visit a higher time frame, say 1 hour, to see the direction of the price level, if the market is in a strong uptrend, you can wait a bit for it to start a pullback and look for opportunities.
It is possible to begin Forex trading with as little as $10 and, in certain cases, even less. Brokers require $1,000 minimum account balance requirements. Some are available for as little as $5.
They are a simulated type of market provided by Deriv. Unlike other popular forex pairs, Boom and Crash can only be found on Deriv. In this post, I will show you how you can open a boom and crash account and connect it to MT5 so that you can start trading the asset right from your MT5 app.
Earning Rs.1000 per day in the share market requires knowledge, discipline, and a well-defined strategy. Whether you choose day trading, swing trading, fundamental analysis, or any other approach, remember that success takes time and effort. The share market can be highly rewarding but carries inherent risks.
Is it truly possible to earn 1000 rupees per day from the stock market with a capital of 100,000? If you go for 1k profit daily you will most probably end up losing money. I would urge to focus on not to lose 1k daily. Possible ,but not easy.
A common approach for new day traders is to start with a goal of $200 per day and work up to $800-$1000 over time. Small winners are better than home runs because it forces you to stay on your plan and use discipline. Sure, you'll hit a big winner every now and then, but consistency is the real key to day trading.
Trading forex is risky and complicated, and no strategy can guarantee consistent profits. Successful forex traders are those who tend to have a good understanding of the market, good risk management skills, and the ability to adapt to changing market conditions.
One of the most famous examples of a forex trader who has gotten rich is George Soros. In 1992, he famously made a short position on the pound sterling, which earned him over $1 billion. Another example is Michael Marcus, also known as the Wizard of Odd.
Let profits run and cut losses short Stop losses should never be moved away from the market. Be disciplined with yourself, when your stop loss level is touched, get out. If a trade is proving profitable, don't be afraid to track the market.
Success in Boom and Crash trading requires skill, discipline, and risk management. By mastering technical analysis, employing sound trading strategies, and utilising the right tools and resources, traders can navigate the challenges of this dynamic market and capitalise on its lucrative opportunities.
The crash index (1000 – 500) is the average price decline that occurs every 1000 – 500 ticks. In the Crash 1000 index, a price drop occurs, on average, every 1000 ticks. In the Crash 500 index, a price drop occurs roughly every 500 ticks. Unlike the Boom index, the Crash 500 is more volatile than the Crash 1000 index.
Increased Liquidity: The best time to trade deriv synthetic indices is when there is high liquidity in the market. This means that there are more buyers and sellers, making it easier to enter and exit trades at desired prices.
Forex trading has become increasingly popular in recent years, with more and more people looking to enter the market and potentially make a profit. However, one common question that arises is whether it is possible to start forex trading with just $10. The short answer is yes, it is possible.
There is no minimum amount that you need to trade in the stock market. India has two main stock exchanges—the Bombay Stock Exchange and the National Stock Exchange. Stock prices range between ₹1 to ₹75,000. You can buy any stock in any quantity.
Yes, you can technically start trading with $100 but it depends on what you are trying to trade and the strategy you are employing. Depending on that, brokerages may ask for a minimum deposit in your account that could be higher than $100. But for all intents and purposes, yes, you can start trading with $100.
Address: 787 Elvis Divide, Port Brice, OH 24507-6802
Phone: +9779049645255
Job: Senior Healthcare Specialist
Hobby: Cycling, Model building, Kitesurfing, Origami, Lapidary, Dance, Basketball
Introduction: My name is Sen. Emmett Berge, I am a funny, vast, charming, courageous, enthusiastic, jolly, famous person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
