In any type of business,without a plan you are setting yourself up for failure. The same goes for Forex trading, in a nutshell forex trading is investing, a solid plan will most likely push you a step closer to reaching your trading goals and put you on a path to success, the same way you have a structure for your trading you should set up a structure for your targets. In this piece of content, I will give a custom indicator. Using it, you can make up to 1120 dollars even with just 100 dollars capital. Yes, Its a complete $100 forex trading plan. Stay tune to know more!
$100 forex trading plan with CB Custom Indicator
When price will come below 24 level and we find any strong bullish candle then we will open a buy order. Look at the picture above. Our indicator is below 24 levels, and we also find a strong bullish candle. Boom! If we buy from here, then we can make 125 pips in just one single trade.
Sell setup
When the price remains 84 levels, and we will find a strong bearish candle, then we will open a sell order. Technical analysis is always good until you break strict rules. Like here, I recommend you to use level 84 for selling. Now, if you sell below 84 levels, then there is a chance that you will lose in that set-up.
Just think that if you open trade on 0.01 lot size and earn 200 pips on each pair every week, then with 14 currency pairs, you can earn 14 ×200=2800 pips in a week. Which are 280 dollars in a week. In a month, that amount will be 280×4=1120$
How much can I make in a week with the forex market with an initial investment of 100 dollars
$100 forex trading plan’s strategy is a super profitable strategy, but for making such profits, you need to be very choosy and follow the instructions I described in this piece of content. Always take buy trades when the indicator is below 24 levels and always sell when the indicator is above 84. Don’t break the rules, and making 280 dollars in a week would be fun for you.
Forex trading profit per day
There is no limit to forex per day profit. It depends on your trading capital and trading style. If your trading capital is $100 and you use my CB custom indicator strategy, then just using 0.01 lot, you can earn 56 dollars per day
Currency pair for $100 forex trading plan-CB strategy
This forex trading strategy work best for
- EURUSD,
- GBPUSD,
- EURJPY,
- GBPJPY,
- USDJPY,
- EURAUD,
- GBPAUD,
- EURCAD,
- GBPCAD,
- NZDCAD,
- AUDUSD,
- NZDUSD,
- USDCAD,
- USDCHF .
I am giving you one special forex trading tips. If you are a day trader then don’t on Asian session . try to trade on London or us session with this forex strategy. Retail traders make a major mistake.They try to trade all sessions. But If you want to be a successful trader then you shouldn’t trade on all time. Rather trade like sniper. Trade like experienced traders. The strategy I stated here with CB Custom indicator will give you perfect trading opportunity. Just follow the strategy strictly ,you will get consistent profit.
How to turn $100 into $1000 in Forex
The Forex market is lucrative, with a daily trading cap of close to 7 Trillion U.S dollars. There is so much money to be made that trading the forex market can change your and your family’s lives for the better.
Above I showed how you can make not only $1000 but you can make more in just one month. If you use the power of compound interest and leverage, it will be increased manifold. Turning $100 to $1000 trading the Forex market is not impossible. Any disciplined trader can make this.
Known as the 8th Wonder Of The World, Compound interest knows no boundaries. It turns wise men into billionaires, working just like the butterfly effect compound interest can trickle a single dollar digit into a seven dollar digit within a few years. Successful investors have mastered the use of compound interest in investing, so we can conclude that to succeed in trading, you have to familiarise yourself with the concept CB custom indicator based strategy,compound interest and use it to your advantage.
How do you use compound interest to make huge profits in Forex?
Reinvest your profits. As much as it is a wise decision to withdraw profits, to grow, you have to maximise your earning potential by reinvesting your earnings so that you can ramp up your lot size and ultimately make more out of your daily pip target.
Whatever trading style you use in your trading portfolio will work with the compounding strategy I will prescribe to you. Not only will you be able to reach the $100 threshold, but you will surpass it if you continue using the strategy.
Double your targets monthly
How you view targets is essential in compounding. Some people prefer using Pips as targets, some use percentages, and some prefer going to the roots and using their chosen trading currency. The best approach for a target is pips, have a pip target for every trade you take and in the beginning, make sure you use the slightest risk you can afford when taking trades.
$100 forex challenge
Looking at the table above, you can see how compound interest can increase your profit potential by a thousand folds. Within just eight months of compounding your daily profit, you will be able to reach $ 1000 by the middle of the fifth month.
Take it with a grain of salt
Markets are not perfect, so being realistic, you might not reach your profit targets every day and knowing human psychology, you will stumble and fall at some point because of greed or fear. However, because you are a winner, you will eventually get back up dust off the dirt, gather your discipline and keep heading towards your financial breakthrough.
How much can you make with $1000 in forex
Using the prescribed model, you can make a daily target of 50 pips or $50 a day. On average, you will have 20 trading days in a month, so your monthly target will be 50 x 20, which amounts to $1 000, so by the end of the month, you can expect to have made a %100 profit on your investment. Results may vary depending on your trade success ratio, trading style and other factors, but ideally, you can reach this profit target.
But If you use the CB custom indicator strategy, then with $1000, you can make 11,200 dollars in a single month!
Assess and evaluate your risk
You cannot neglect risk management. If you had millions of dollars already, you would not bother yourself trading Forex, so you should risk what you can afford to lose. Ideally, for every 100 pips, you should at most risk ten pips if the trade does not work out as expected. Risk management and money management make up the backbone of successful investing. These two elements will give you a fighting chance when the going gets tough. Let me give you an example of why risk management is essential.
Let’s say your strategy has a 50% success ratio, so for every ten trades, you have five winning trades and five losing trades. You have technically lost 5×10(50 pips) and won 5×50(250 pips).
The above example proves that even a mediocre trading strategy can make you rich if you apply good risk management and money management.
Be highly selective when use $100 forex trading plan
One thing that will make you successful when implementing your trading strategy is taking the right trades, at least every time. I know this is impossible but remember, impossible can also be “I’m possible”. If you learn your patterns, you can reach a level where your trade success ratio is above mediocre.
Markets are fluid. When developing trading plans, you have to keep an open mind about where price might go, but one thing for sure is that once your pattern forms, trade it.
How to trade forex for beginners
Assuming that you are a beginner with basic Forex knowledge, your aim should be to profit as you learn. You will not remain a beginner forever, so starting somewhere is better. My advice for every beginner is to trade a realistic demo account, and you can’t trade a $100 000 demo account if you do not have the financial capabilities to fund a $100 000 trading account. So in the sense of being realistic, trade a demo account that you know you will be able to trade when you decide to start trading a real account.
Can I make money through forex trading?
Just follow some special suggestions I am giving here,making money on forex would be easy for you! As you are investing only 100 dollars.Your trading capital is low, so you need to be very careful choosing your broker. If your forex broker is not loyal enough then it can increase spread at the news time. Then all your profit will be vanished. So try to open an account who are regulated by renowned authority body like Financial conduct authority (FCA) ,Commodities and Futures Trading Commission (CFTC),Australian Securities & Investment Commission (ASIC)
Brokers like IC markets or FX pro have strong regulation. If you are a US citizen then TD ameritrade would be best choice for you.
No matter which types of forex trader you are. Whether you are a swing trader,price action trader or scalper forex trade will be easy if you just practice this strategy in a demo account for a couple of months. Day traders always complain that they can’t find a profitable strategy. This single custom indicator can made day trading a fun!
Download CB Custom Indicator Free
You don’t need to pay even a single penny to get this fantastic custom indicator. Just click here and Download the indicator.
Conclusion
With Forex investing, anything is possible. Applying $100 forex trading plan with CB Custom Indicator strategy & compound interest into your trading, there is no limit in where you can be financially in the next ten years.
FAQs
Q. Can you start trading with $100?
A. Yes, you can start trading with as little as $100.If you just follow the CB custom indicator strategy, then you can make 56 dollars profit on a daily basis.
Q. What is the best leverage for $100?
A. 1:500 is the recommended leverage for $100.
Q. What lot size is good for $100?
A.the recommended lot size for $100 is 0.01 because you can risk as little as 1% of your account, which is ideal for small trading accounts.
Q.How do I trade $100 in forex?
A.I discussed a strategy named “$100 forex trading plan with CB Custom Indicator” follow this strategy. download the custom indicator from parkingpips. And joy your profit.Trading and making money would be easy for you with this strategy.
