From ASM to Kristo about Forex
READ THIS REPORT.
Let show you that you DO have enough money to get started. In fact
all you need is $300 to get started, and a little patience (6 months
or so to be happy with your results).
By following this simple step-by-step plan you can grow your
initial $300 “seed” into a majestic “money tree”!
You can learn today how to completely replace your income!
You'll only have to work a few hours each week to do it; what will
you do with the rest of your time? Start dreaming, and read on…
There are many people making a great full-time income working
just an hour or so a day from home trading FOREX. They are no
smarter than you are, and they come from all walks of life
(waitress, bankers, bakers, doctors, janitors, teachers, barbers, taxi
drivers, store clerks etc…). If they can do it YOU CAN DO IT!
In my opinion trading FOREX is the best way to make money,
period. If you don’t know what FOREX is, or don’t know how to
trade it then make sure to go get training via a good course.
Be sure to do it today otherwise you’ll delay
Turn $300 into $30,000 – Financial Freedom in as Little as 6 Months!
Why does this system start with only $300? Well, you could
certainly start with more. If you have $500, a $1000, or even more
you’d simply pass through the beginning steps more quickly.
$300, however, is the least you can start with because that’s the
minimum you can open a “mini” Forex account with.
Don’t know what a mini FOREX account is? If any of the term
used in this eBook are unfamiliar to you then you need to get a good course.
Remember, if you don’t understand something then pursue learning about it –
learning about FOREX can completely change your financial
situation, and so it’s really quite simple to learn to do.
With this system we’re going to assume you’re starting with $300,
but again, if you start with more you’ll simply skip ahead a few
steps.
Just to make sure you understand I’m going to briefly explain “lot”
sizes. When you are trading a “mini” account the “lot” sizes are
10,000. What this means is by trading one mini lot you are trading
10,000 worth of currency (i.e. US Dollar). The nice thing is that to
“control” that lot you don’t need to have $10,000 at all. Your
broker will let you trade a mini lot as long as you have $100 “on
margin” (some will even let you trade a mini lot with only $50 on
margin). So, if you have $100 you can trade $10,000!!! (Need a
Turn $300 into $30,000 – Financial Freedom in as Little as 6 Months!
When a currency pair (trading one currency for another) moves up
or down a “pip” you will generally make $1 for each pip. A pip is
1/100 of a penny, but when you multiply it by say $10,000 traded
then a pip is equal to $1 of profit. Now if you were to trade two
mini lots (like you could do if you had $200 or more in your
trading account) you would then make $2 for each pip, etc…
When you have at least $2,000 in your trading account you can
then trade “regular lots” instead of “mini lots”.
Regular lots are ten times the size of a mini, so you’d be trading $100,000 (with
only $1,000 on margin) and each pip is usually $10. As you can
see you’d be making money faster trading regular lots over mini…
but this eBook will teach you how to get to that point starting with
only $300.
HOW TO TURN $300 INTO A FULL-TIME INCOME
So let’s start talking about the strategy on how to turn your $300
into a full-time income. This is what you want, isn’t it?
First of all you need to have a “trading strategy” – you need to
know what to look for and how to trade to make money.
Remember, it’s important to know what you are doing. Paying a
little bit for an education will improve your chances of making a
full-time income as a FOREX trader. If you don’t know what
you’re doing then there is a 99.999% chance that you will fail
horribly. Do yourself a favor and make sure to get some training.
This growth strategy works by increasing how many lots you trade
depending on how much money you have in your account. As you
trade you only trade the number of lots permitted; never more,
however you may trade less lots than prescribed if you so choose.
We’ll discuss why later.
When you start your account with $300 you are only allowed to
trade one mini lot. If you win on your trades and gain money then
that’s great. If you should fall below $300 then you would
continue trading one mini lot, but being more careful on your
trades.
Once you’ve grown your account to $400 then you are ready for
step #2. At this point you will be trading two mini lots on your
trades. Now you will begin to be earning money twice as fast
compared to before. If for some reason you choose (i.e. if you are
less certain about a trade) you may still trade just one mini lot – the
choice is yours. At this point should you experience loosing trades
that drop your account below $400 then you revert back to step
one, trading one mini lot.
When your account reaches $600 then you move up to step #3.
Now you are allowed to trade three mini lots on your trade, but can
of course trade less if you want to. Again, if you loose any money
and fall below $600 then you go back to step #2. If you are
unfortunate to loose even more and fall below $400 then you
would go back to step #1, however when you have over $900 then
you move on to step #4.
By now you should understand how this strategy works. Look at
the following chart to see the progression of your account. This
chart also shows how many pips you need to capture (assuming $1
per pip per mini lot traded) to move to the next step.
Step 1 $0 to $399 trade 1 mini lot 100 pips*
Step 2 $400 to $599 trade 2 mini lots 100 pips
Step 3 $600 to $899 trade 3 mini lots 100 pips
Step 4 $900 to $1299 trade 4 mini lots 100 pips
Step 5 $1300 to $1999 trade 5 mini lots 140 pips
Step 6 $2000 to $2999 trade 6 mini lots 166 pips
Step 7 $3000 to $4499 trade 7 mini lots 214 pips
Step 8 $4500 to $6999 trade 8 mini lots 312 pips
Step 9 $7000 to $9999 trade 9 mini lots 333 pips
* From your start of $300
(Note: This plan assumes you are following a strategy that only risks a maximum of 20 pips per trade such as the “Forex Surfing” techniques available in the course (see sig).
Considering that you could realistically get 100 pips per week
(easily if you trade smart – make sure to have some training) that
means that you could possibly get to $10,000 in just 4 months.
Compare that to sticking $300 into your local bank’s savings
account – you’d be lucky to earn a dollar in the same time frame!
Now when you get to $10,000 you are ready for a big jump. You
can now trade “regular lots” rather than mini lots.
You may be wondering why this strategy doesn’t suggest moving
from a mini to a regular sooner; after all you can open a regular
account with as little as $2,000. Remember that just because you
“can” do something doesn’t mean you “should” do something.
Though you can open a regular account for only $2,000 you really
shouldn’t do it because just a few bad trades can wipe you out. It’s
better to be more conservative and have a better chance of
While you are on step #10 if you happen to have some loosing
trades and fall below $10,000 then don’t worry. As long as you
are over $8,000 you may continue trading a regular account,
however if your account drops below $8,000 then immediately
contact your broker and have your account type changed back to a
mini and continue from whichever step your account balance
dictates you to be at (i.e. step #9).
You may only reapply for
regular account status once you cross $10,000 again.
Step 10 - $10,000 to $14,999 – trade 1 regular lot – 500 pips
Step 11 - $15,000 to $19,999 – trade 2 regular lots – 250 pips
Step 12 - $20,000 to $29,999 – trade 3 regular lots – 333 pips
After this point you should only increase your regular lots traded
as you move up $10,000 (or more).
At this point you are making a great income. For example if you
were to capture 100 pips trading 3 regular lots then you’ve just
made $3,000!!! Remember, you could capture 100 pips a week (if
you know what you’re doing).
If you were to average only 100 pips per week and follow this
system exactly then you would finish step #12 after only 6 months!
Remember, in the “real world” you’ll have good weeks and bad
weeks. So what if it takes you longer to achieve this goal? Let’s
say you only average 50 pips a week (i.e. you make fewer trades)
to make $30,000 in 12 months… how much are you currently
earning in a year?
Only after you’ve crossed $30,000 would you then be “allowed” to
withdraw money. Set a rule for yourself that you will never
withdraw any more than 50% of the money you make trading a
month. This way your account continues to grow so you can
afford to trade even more lots… making even more money each
month! By this point you should be able to comfortably live off of
your 50%.
Now here is perhaps the most important point of this entire eBook.
Get training!
THIS REPORT IS JUST A SMALL PART OF THE COURSE THAT LITERALLY TAKES YOU BY HAND STEP BY STEP INTO FOREX, SO KRISTO IF YOU THINK 3-4K PER MONTH IS "HIGHLY UNREALISTIC" YOU NEED TO GET YOUR FACTS STRAIGHT.
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Originally Posted by mofreedom
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