How to Trade Forex on a $500 account

By J. Geruto

How to Trade Forex on a $500 account is short, sweet and gets right to the point and tells you the basics of what you need to know to get you in the driver’s seat of your own Forex money train and how you can begin trading the live Forex markets on as little as $500 as a beginner Forex trader. Most new Forex traders coming into this business have unrealistic goals from the start which is only one of the mistakes they make; their sole focus is on making quick and easy money, unfortunately it doesn't work like that. Don't get me wrong all Forex traders who have made it and make real money trading and investing in the live financial markets are there for one reason, to make money. Anyone who tells you they are doing this business for anything else should not be in this business.

The good news is you absolutely do not need a big fancy degree from a big fancy Ivy League college to become successful at the business of making money with money, the even better news is you don’t even need a high school diploma and a twelve year old can become a millionaire. All the information you need to do this business is readily available in this book and online if you know where to get it. You will need to develop your own time management skills though and study hard.  There are some extra links at the end of the book to help you expedite some of your learning curve time. You’re welcome!

How to Trade Forex on a $500 account is going to arm you with the best basic information and tools in the business I feel to accomplish some of your investing and trading goals whatever they may be. It also will empower you to have a lifelong skill. You will be able to make an unlimited amount of money and have financial independence as well as be location independent for the rest of your life. Once you learn and master these skills you can make money in the markets forever from anywhere!

The information give you in How to Trade Forex on a $500 account will give you some of what you need to be successful in making money by investing and trading in any of today's financial markets. Every new day in this business gives you the chance to make money every single trading day of your life no matter where you are in the world. As long as there is Wi-Fi or internet there you can make money!!!

• Language: English
• Publisher: J. Geruto
• Release date: Mar 11, 2018
• ISBN: 9781386309505

Book preview

The best job you never thought of

What is the best job you never thought of?  I bet it wasn’t Forex trader, investor, or high frequency Forex trader? Was it money manager/ Forex trader, risk manager/ Forex trader? For the type of job I am writing about in How to Trade Forex on a $500 account there isn’t even a high school diploma or MBA needed!!! Hell no clothes needed for that matter! Where else can you go to work stark naked and make an unlimited income, only in this business, and only if you’re doing it from home. LOL

How to Trade Forex on a $500 account is short, sweet and gets right to the point and tells you the basics of what you need to know to get you in the driver’s seat of your own Forex money train and how you can begin trading the live Forex markets on as little as $500. Most new people coming into this business have unrealistic goals from the start which is only one of the mistakes they make; their sole focus is on making quick and easy money. Unfortunately it doesn't work like that. Don't get me wrong all of us who have made it and make real money trading and investing in the live financial markets are there for one reason, to make money. Anyone who tells you they are doing this business for anything else should not be in this business.

First let me say that working from home and making as much money as you could possibly want to have is completely possible, there is no secret about that. Day trading, swing trading and investing are the best business in the world to be in as far as I am concerned. You can do it from anywhere on the planet there is WIFI so what could be wrong with kicking back on your boat at the marina or at the beach on a beautiful sunny day or flying to Europe to meet friends for the weekend. That’s the beautiful thing about the market; you always have a chance to make money. It's virtually 24 hours a day. Just like a bank ATM machine right? It’s your job to develop your edge which is your PIN# for the ATM.

You absolutely do not need a big fancy degree from a big fancy Ivy League college to become successful at the business of making money with money, as I said, you don’t even need a high school diploma. All the information you need to do this business is readily available online if you know where to get it. You will need to develop your own time management skills though and study hard.  There are some extra links at the end of the book to help you expedite some of your learning curve time. You’re welcome!

I will talk about where to go to get the information you need to become consistently profitable in this business a little later however right now I want to tell about how good it is to be able to do this business and work for yourself. My guess is that right now you are an at will employee of where ever it is you work at. If you don’t know what at will employment means here is a link to an explanation of it, and you should pay attention to what it says. https://en.wikipedia.org/wiki/At-will_employment

The amount of time you want to work is up to you (I bet you can’t do that right now). In your own trading business you are the boss right? You make the decisions as to when you want to work and for how long. Since I position trade I might spend 30 minutes a week analyzing my charts. I suggest if you are brand new to the Forex trading business that you spend at least 10 minutes a day reviewing your positions at the very minimum. Could you get your head around only working 30 minutes a week and making an unlimited income from trading Forex?

You can pick the best time of day which suits your lifestyle to work in the financial markets. You can work in any session there is in which the markets are open. There are many to choose from so you have the chance to make money when it is convenient for you. That’s the beauty of it!

What I am trying to point out is that by being in the investing and trading business as a self-directed trader you can have all the freedom you will ever want and make all the money you will ever need. Perhaps you desire to make a better life for your family and be able to spend more time with them.

The markets are there for people to make money every day. All you have to do is learn what to do the right way and then go in there and get it. If you’re sick of driving to a job you hate everyday then read on, How to Trade Forex on a $500 account is for you. My commute to work is the ten steps it takes me to walk from my bedroom to my office where my workstation is, where my trusted assistant Angel my cat already has the charts of the day all analyzed and annotated. Ten steps to go to work versus what, an hour drive? Can you get your head around that?

Just because you have an MBA from Harvard or Columbia business school does not mean you will be able to be successful in the live financial markets it just means you paid a lot of money for a good education from a good school. I have a very high degree of education and still had to start with the basics and progress up through the various levels of proficiency to get to where I am today. Even if you did have an MBA from one of the aforementioned schools, and you were lucky enough to land at a hedge fund or Wall Street bank it would not help you in any way because you would be taught their method and system from scratch and have to follow it as if your very life depended on it.

All elite traders treat investing and trading as a business and so should you if you want to be successful right from the start. A friggin 12 year old can be a millionaire in this business if they are taught trading the proper way from the very start.

That is how I make money in the live markets every day. I just look for where the smart money have their resting orders and then wait for the retail sheeple of the herd to make their mistakes and buy or sell to or from them and then follow the smart money to where they are going to next. As I said, you don’t need an MBA degree from a big fancy Ivy League college for that!  Combine price action with supply and demand investing and trading and you have an edge over the retail sheeple of the herd.

Do you want to get rich quick or do you want to get rich forever? The easy part of investing and trading is making the mistakes, the hard part is what to do with all the cash you will make from being patient and letting the market come to you and give you what you want. What do you like? Do you fancy cars, private jet travel or better yet owning your own G650 or perhaps your own little piece of heaven in the Caribbean somewhere?

The information in How to Trade Forex on a $500 account will put you on the fast track to learning exactly the information you need to get started making money right away in the live markets. You want to invest and trade, right? You have to learn it the right way from the start to be able to put what you learn in your education to practical use in the live markets and make consistent profits.

When I say fast track I don’t mean you can just go in the live market after reading this one book. It is imperative then that since you as a retail investor or trader have a look at all the information you need to study even if you are trading intraday which by the way the smart money does not do.

That should be a huge clue, however because people think this is a get rich quick business when they first get into it and they think that they can learn a few chart patterns and some price action and then can go into the live make and make jet fuel money. New traders are buying Ferrari’s and Gulfstream 650’s before ever making a live trade with real money, I’m sorry to have to tell you it doesn’t work like that.

As a brand new investor and trader, there’s a wealth of information that could be used to your advantage. I recommend that you start off by gaining a working knowledge of the overall market dynamics, what price action is as well as the principles of supply and demand. Learn why the markets do what they do. New investors and traders often wonder how long it will take before they start making money in the markets. You don’t need to be in any hurry because the market is always going to be there waiting to pay you.

How to Trade Forex on a $500 account is going to arm you with the best basic information and tools in the business I feel to accomplish some of your investing and trading goals whatever they may be. It also will empower you to have a lifelong skill. You will be able to make money and have financial independence as well as be location independent for the rest of your life. Once you learn and master these skills you can make money in the markets forever!

The information I have to give you in How to Trade Forex on a $500 account will give you some basics of what you need to be successful in making money by investing and trading in any of today's financial markets. Every new day in this business gives you the chance to make money every single trading day of your life no matter where you are in the world. As long as there is Wi-Fi or internet there you can make money!!!

Isn’t that the kind of business you would like to be in?

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Table of Contents

The best job you never thought of

Best way to get your Forex trading business up and trading

Know what your goals are from Forex trading before you start doing it

Beginner Forex traders make lots of mistakes which are expensive – don’t be that trader

The only thing that will save you from an expensive journey is money management

Education and training is where the time and lots of practice are required to become rich

You must master chart reading and Forex price action

Use a Forex trading method the market actually works on

If you like your money trade by the rules – your own rules

Everyone but you is your competition so develop an edge to beat them

The easiest beginner Forex trader method you can learn fast

Develop a "smart plan" then implement it

Front run the smart money

3 things that will help you win more trades – large PM, correlation, confluence in signals

How it will all come together

My final advice to new beginner Forex traders

Bonus section

Your slap in the face reality check

Extra links

Glossary

Disclaimer

Best way to get your Forex trading business up and trading

If you have a computer you can start your Forex trading business. If you do not for some reason have a computer you will need to buy one for sure. Here are some of the most important things you will need for your first home trading business set up.

You will need a very strong internet connection as latency and speed count in the trading business, while I was writing this book I got a fiber optic line and I now get download and upload speeds in excess of 900mbps, it’s

Reviews for How to Trade Forex on a $500 account

[Columbus Lost · Rating: 4 out of 5 stars]

A must read for a beginner to understand how important to follow the fundamentals !