I Turned $7 To $700 Trading Forex in 24 hours. (Ep 1)

\I traded Forex with only $7, and the results were overwhelming. In this poste, I'll be showing you how I took these trades, why I got stopped out, the leverage on my account, and my risk management approach. Pay close attention, as I want you to see how I was getting these trades and scaling in, so you can apply the same approach. This method works whether you're trading a small account or a larger one.

I got the idea because, back in the day, I used to trade small accounts, flip them, and then blow them up. But at some point, I discovered a different method that I will share in today’s video.

I started with an account of only $7, as you can see, and the first trade I took was on EUR/JPY. I opened with 0.02 lots, trading on the M15 chart with no stop-loss but watching closely for when the price hit a specific point, so I could close the trade immediately. The first trade on EUR/JPY gave me about $3, which I closed off quickly as I was scalping. The second trade was on GBP/USD. I opened two positions, one with 0.04 and one with 0.01. This trade was in the right direction (downtrend) during the pre-London session. I closed this trade for a profit of $7.77.

The next trade was AUD/USD. I made a mistake by opening the trade while it was still in a pullback, so I closed it before the drawdown became significant. After that, I traded GBP/USD again with 0.05 lots, which earned me $15. As you can see, as my account grew, I increased my lot sizes.

Then I took four trades on USD/CHF with 0.03 lots. I let these trades run overnight, placing stop-losses since I wasn’t actively watching them. They brought me some good profits, and my balance reached $59.

I’ll now explain how I took these trades. I was looking for breakout setups, waiting for the price to continue in the original direction. For EUR/JPY, the price was in consolidation, and I marked key levels. I waited for the price to react at these levels, and once it bounced and broke through, I entered the trade. My take-profit was small since I was scalping. The trade played out as expected, hitting my take-profit. I continued to look for further trades once the price came back to key levels.

Next, I traded AUD/USD, which was in a clear downtrend. The price was consolidating, and since it wasn’t breaking to the upside, I anticipated it would continue down. I took the trade on the M5 chart during an impulsive move but was stopped out because I entered too soon during a slight pullback. However, the price later moved in my favor.

The GBP/USD trade was another successful one. It was in a clear downtrend, and I marked key levels. I waited for the price to break through these levels and then took my trade. I scaled in by opening more positions once I saw the trend still in my favor, and my take-profit was hit once again.

As my account grew, I increased my lot sizes. This was the key to earning bigger profits on a small account. I used the same approach for USD/CHF, but since it had an opposite trend to GBP/USD, I waited for a pullback in USD/CHF and then entered. This trade also played out successfully, bringing in solid profits.

In total, I took two small losses, but the rest of the trades resulted in deep profits. If you want to trade with me every day and join other students, you can enter your email address below for a free gift.

Remember, the key is to scale in as your account grows, always trade with the trend, and apply proper risk management. There is no looking back once you start using this method!