Trading, starting with $1000 for $50 a day


I always wanted to share this but never had the time to do it. As a student I trade and make a little bit more than a good passive income. Assuming you can afford to dedicate 1 hour of your time a day, it’s possible to make 50 bucks and more.

The reason most people don’t trade is because they don’t have the resources (knowledge, information, desire to succeed, energy to making an effort).


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I am creating a group teaching people for free how to learn trading and make money. You can join it here [https://app.involve.me/decho-lecho/ftrading](https://app.involve.me/decho-lecho/ftrading)
I can’t write everything in this post but you will learn how to analyze the market, what brokers to avoid, how to use trading as a secondary source of income before making it your active source of wealth.
P.S The group is not yet active. It will activate when we reach 500 subscribers.
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This is what it takes to trade and how your day may look like when you start. It’s a lifestyle but it’s worth it.
**Initial Research**
Let’s say you got up at 7. You look at graphs on 1hour time frame and 1day time frame and see that GOLD (XAU/USD) looks bullish. It has passed a strong resistance that has been validated in the past. No major news released. ***Donald Trump did not diss gold this morning on Twitter calling it a scam used by the Democrats to hack his presidential campaign.*** **Bonus points if Melania Trump, Kylie Jenner or other celebrities post selfies wearing their new gold accessory.**

**Risk Management**
Depending on your balance, you don’t want to trade more than 5%. You must take in consideration leverage used, where you will place stop loss, etc.
**Open Position**
After you follow your risk management strategy you open a gold position. You set up the stop loss and leave the position open, checking it once in a while. Set up a take profit that matches your expectations for the trade. (What I mean by that is you shouldn’t set up a $1432832198billion take profit, but match the take profit to something appropriate depending on how big the initial position is).

**Check and Close**
If the position has moved well beyond the opening rate, set your stop loss on open. If after a while you feel that the position won’t hit your Take Profit, close it in profit. You’ll learn more about this.

**Losses**
Losses happen all the time no matter how many years of experience you have. That’s why it’s important to risk only 5% of your account. Sometimes you will risk 10% when you are confident but it’s very rarely. Losses are normal. There are people who lose millions in a day while others gain. You can lose 8 in a row and recover with 2 wins. Don’t let them affect you emotionally.

I am open to talk with experienced traders. This is a big project and the more we collaborate, the better.



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