Smartest Path To $10,000/month as a Trader
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- Опубліковано 29 чер 2024
- Here are the best ways you can utilise to reach your first $10,000 per month as a forex trader of any levels.
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Twitter: / willssfx
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🎯 Key Takeaways for quick navigation:
00:00 💰 To make $10,000 per month as a trader, it's essential to grow your capital, as starting with a small account can't cover expenses.
01:22 💼 Working a part-time or full-time job alongside trading can provide consistent income to support your trading journey.
03:13 🔄 Compounding your trading account by gradually increasing risk as it grows is a key strategy for long-term success.
04:08 🏦 Utilizing prop firms with small startup fees and significant returns can help boost your account size over time.
12:19 💼 Diversify your investments by reinvesting profits into assets like index funds, stocks, or businesses outside of trading for passive income and long-term wealth.
Thanks for sum up man cheers
I like that you cover not only trading but also investing in assets
You provide the real information!!!!
Brilliant beard. Brilliant advice. Brilliant will
Hi Wil, with regards to using copiers is it possible to combine spread betting accounts with other prop firm accounts given that lot sizing is calculated entirely differently? I couldn't find an answer anywhere as most dont understand what UK spread betting is, Cheers!
Great advice! 🙌
As a beginner trader, if you are starting out with less than $10K trading capital your best bet would be to learn the basics and then invest in a couple of good EA's. Once you start making profits you can slowly increase your risk or increase the number of EA accounts you have all the while building up your trading confidence. When you can make enough profit from the EA's to cover your monthly expenses then you can look to start trading a small account and build it up from there. The one thing you can't get around in trading is time in front of the screen watching how the market moves - if someone tells you they can make you a profitable trader in 1 month they are lying - you need at least a year of solid trading days to figure out what pairs you want to trade, what indicators and strategies you want to use etc etc. Think long term otherwise don't bother even starting.
what EAs do you recommend checking out?
As always... Inspiring.
Thanks again!
many propfirms dont allow to use trade copier like 5ers
Very good. Thanks.
Great info
With my humble opinion try adding more lights and centering yourself on the frame
Respect ♥️
What prop firms do you use?
What prop firm do u recommend G?
Decent content, this one.
Nice shirt!
Appreciate it!
Great advice thanks!❤
Glad it was helpful!
My plan is to use my trading profits and invest into property
Exactly my plan❤
Brilliant video mate very informative
Glad you enjoyed it
Currently searching a decent PropFirm that allows US-Stocks trading. Any Suggestions?
Thanks sir
Great advice sir!
Glad it was helpful!
really like your videos, they always boost my patience
Happy to hear that!
The power lays in the beard 😅
Better Mic volume
Love the background music, what is it called?
@Tapprofiletowtsap-now soundtrack name mate?
Very very nice.
Thank you! Cheers!
yeah I consistently did make over 10k per month this year trsding after taxes. so more like 20k since 80% profit splits and huge taxes. am launching a software compnay with my profits. cant wait to be free to just put all my accounts on social trader tools like you. for me thats way too high risk until I have a second income source.
oh actually? where could I contact you? would like to have a chat
@@tah-472 you can talk right here lol
@@SacredCASHcow didn't wanna bother you on UA-cam lmao. But what strategy are you using or do you have a mentor? Because 10k consistently is very impressive
@@tah-472 I am under the school of trading where I basically trend trade and look for the daily bias and then just follow that. What sets me apart I guess is that I never deviate from my plan 90% of trades. That plus I work very hard to be good at accurately predicting price ranges and zig zags. I spend hundreds of hours backtesting price action patterns every month
First here budddyyyyy!!
Useful but you did not start like that.
what stratagy you use ICT or SMC
Smc and ict is the same thing
What about 2% daily?
Not a wise decision
I have a full-time job and I feel like my job is coming in between me and my trading😑
Are u profitable?
@@JohnnyB-my2oz I'd like to believe that I am🤫
I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING...I THOUGHT TRADING DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVISE ME ON WHAT TO DO?
First will
Yea...but isn't it easier to just risk all your money on one trade and hope for the best?
young padawan... you have much to learn
😂😂
😂😂😂
you look like a catholic monk from the medieval age
$10k account - 1 lot size
$20k account - 2 lot size
$30k account - 3 lot size
$100k account - 10 lot size
That's how you survive in the long run :)
Nope that’s crazy 10k 0.15 minimum -0.3
It’s all dependent on your stop loss no fixed lots for accounts
I can tell by that couch you just blew your account will lmaoooo
can I give u a haircut 😂
Use me as a "will keep the beard" button
Use me as a "Will shave the beard" Button
That beard is fire , he has good genetic . He just has to trim it the right way
Never
When following a fad goes wrong. Everything isn't for everyone and he's a prime example. Please keep the beard because other people need to learn from your mistake.
@@f3nomeleven434 thank you for this comment 🤣
It’s very aging, which seems ok til starts going gray in 30s and then you wish you’d appreciated youthful looks.
POLO AND ROLEX HAHAHAH MONEY STILE
Shave that monstrosity...
innit
Why U care? You gonna pay him if he does it?
Use me a will don’t shave the beard button
First
SAD
W
Plz dude, I like your content but please shave the beard plz
Never
😂😂😂
10k a month and no barber? Get a damn haircut!!!
A haircut won't make me more profit!
really enjoyed listening to your advice, very very nice!!! Will definitely take on board 🫡🫡
Glad it was helpful!