Simple Forex Step by Step Trading Strategy For Beginners Learn To Day Trade Forex In 1Week

USA Friendly Broker: https://tinyurl.com/closeoption EU Licensed Broker 24Option: http://24optioncapital.com Broker-Less Platform: http://spectretrading.com Real Time Forex Charts: https://www.investing.com/charts/forex-charts Learn how to day trade in one week with this quick start day trading strategy for beginners. This video is dedicated to ‘everyday’ folks starting out with a smaller account – think $500 or less. Like starting any career, there is a lot to learn when you’re a day trading beginner. Here are some tips to steer you in the right direction as you start your journey. These tips will get you setup with the proper equipment and software, help you decide what to trade and when to trade, show you how much capital you need, how to manage risk, and how to practice a trading strategy effectively. You use 30 minute expirys while looking at 1 minute charts. This gives you enough time to see a clear trend. Also follow good money management as outlined here:

There may be a bad day where you will make several losing trades, that is why it is important to follow up with this strict rule of investment:
If you have $100 in your account, each open position should be $5 tops
If you have $200 in your account, each open position should be $10 tops
If you have $500 in your account, each open position should be $25 tops
If you have $1,000 in your account, each open position should be $50 tops
If you have $2,000 in your account, each open position should be $100 tops
If you have $5,000 in your account, each open position should be $250 tops

We’re currently in our 7th year helping traders become successful in the live markets so we know a thing or two about leveraging a small account into serious wins.

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