HOW TO TRADE FOREX WITH $10

I know how crazy this sounds, but it is possible to make it happen and this is why the forex market is the largest financial market in the world with a daily volume of $ 6.6 trillion according to the 2019 Triennial central bank survey markets.

That being said, the opportunities in the forex market are massive. Today, I am going to prove to you the secret of how to trade forex with $10.

Brokers now offer lower deposits for traders to take advantage of these opportunities. One broker that offers such is XM broker. They offer a low spread, a $30 No deposit bonus on live account opening and profits can be withdrawn.

HOW TO START TRADING FOREX

There are many articles on how to start trading forex with hundreds of rules and steps to follow, as a trader with experience for more than a decade I can tell you that the most important thing you need to start trading the forex market is to invest time and money in learning market structure, nobody told me this as a beginner. I wasted time and money for years on stupid indicators.

Until I realized that all the tools needed for trading are within the Mt4/Mt5 platform.

I have mentioned market structure as the most important if you want to learn to trade forex, however, there are still a few things I will list below before eventually going live trading.

  1. Demo trade
  2. Manage your expectation
  3. Risk management
  4. Choose the right forex broker
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RELATED: MT4 OR MT5 FOR BEGINNER

HOW MUCH DO I NEED TO TRADE FOREX?

Your Account size really does matter in trading; however, what is more, important is learning the principles of trading forex and risk management.

That being said no matter your account size if you do not apply proper risk management you could lose everything in your trading account. So $100, $1000, or $10000 wouldn’t matter if you do not learn the market structure and risk management.

RELATED: VERY EASY AND PROFITABLE TRADING STRATEGY MT4

RELATED: HOW MUCH CAN I MAKE TRADING FOREX?

HOW TO TRADE FOREX WITH $10

how to trade forex with $10

I have made this very simple for you, I have filtered all the noise, and these are the three most important tips you need to trade forex with $10:

  1. market structure
  2. Focus on 1-3 pairs
  3. Patience

MARKET STRUCTURE

This is basically what trading the forex market is about, it is called market structure as a whole because it comprises support and resistance, consolidations, pin bar, Fibonacci, double top, and retest. Etc.

Understanding market structure will help you identify peaks and bottoms and the best possible entry on a lower timeframe for market reversal.

FOCUS ON 1-3 PAIRS
Staying on a few pairs will help you focus and identify all the possible entries after analyzing the market and time frame top-down analysis. When you focus on a few pairs, say 1-3 you could easily tell the dominant trend of the market.

PATIENCE

Believe me, this is a big problem for many traders, especially retail traders, they find it very hard to wait for a retracement that will last for hours before the dominant trend continues.

With an understanding of the market structure, focusing on a few pairs (1-3), and being patient for your chart pattern to be complete, you will be able to grow your $10 dollar account.

Another very short answer on how to trade forex with $10 is to focus on lower timeframes for entry aftermarket analysis on H1 and 30mins time frame.

RELATED: HOW TO SET STOP LOSS AND TAKE PROFIT IN MT4

RELATED: HOW TO KNOW WHEN A TREND IS ENDING

HOW TO GROW A SMALL FOREX ACCOUNT

To grow a small forex account, you will have to be patient with lower time frames and smaller lot sizes and I will advise you to use a broker with a tighter spread. You will also have to focus on major pairs to make it work.

If you are experienced with the forex market patterns you will need to focus on one strategy for efficiency and consistency in profit. For example, you can focus on the reversal chart pattern only until your account is big enough for other strategies.

HOW TO TRADE FOREX WITH $30

You can trade forex with $30 on XM, they offer a no deposit bonus for new clients and the profits can be withdrawn. Also to trade forex with $30 you can read on the top of the article how to trade forex with $10.

FOREX BROKERS WITH $10 MINIMUM DEPOSIT

There are many forex brokers with a $10 minimum deposit; however, you will have to choose one. One forex broker with a $10 minimum deposit and tight spread is XM.

VERY EASY AND PROFITABLE TRADING STRATEGY MT4

Every trader would love a very easy and profitable trading strategy that works; strategies that will reduce the time spent in front of your PC and you can have more time for family. Well, there is good news.

Today, I will show you the very easy and profitable trading strategy MT4 that will guarantee you success if applied.

Furthermore, the good news is that there is a profitable strategy; the only challenge is that you require some time and effort to create a trading strategy that is unique to you and works. Keep on reading to find out this profitable trading strategy MT4 for trading forex.

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WHICH TRADING STRATEGY IS THE BEST FOR BEGINNERS?

This is one question many forex traders ask when they start trading, many beginner traders come with a preconceived idea about a trading strategy before they start trading and this is why they end up frustrated after several blown accounts.

The best forex strategy for beginners is beyond having a bunch of indicators on your chart; it is beyond a candlestick closing above a moving average.

The best trading strategy for beginners will be to first Identify a trending market (find the dominant trend) after a market impulse on a higher time frame H1 and above, be patient and wait for a retracement and join in on the trend continuation using a lower timeframe.

Note that there are other confirmations to look at for using your Fibonacci tool, you can pinpoint a possible zone of retracement on the market and use a chart pattern on a lower time frame or a candlestick pattern to confirm your entry on the trend continuation.

RELATED: METATRADER 5 BROKERS LIST

RELATED: HOW TO TRADE FOREX WITH $10

RELATED: HOW MUCH CAN I MAKE TRADING FOREX?

VERY EASY AND PROFITABLE TRADING STRATEGY MT4

very easy and profitable trading strategy mt4

The very best and most Profitable trading strategy for MT4 that works is below:

  1. Find the dominant trend
  2. Analyze on higher time frames
  3. Use Fibonacci tool
  4. Find chart patterns and confirmations
  5.  Wait for retest or breakouts for entry.

FINDING THE DOMINANT TREND

finding the dominant trend strategy in mt4

As simple as this sounds, this is a problem for many traders, being able to identify the dominant trend changes everything and gives you a better edge over other traders.

To find the dominant trend you will have to look at higher timeframes H1 and above. However, the weekly chart will be too long for retail traders so I wouldn’t recommend that.

 ANALYZE ON HIGHER TIMEFRAME

Structures formed on higher timeframes are much more stable compared to lower time frames; another reason is that sometimes even the fundamental news tends to continue in the direction of the dominant trend on higher time frames.

 USE FIBONACCI TOOL

Fibonacci tool for easy trading strategy in mt4

The Fibonacci tool is good for a simple trading strategy as it helps traders identify possible reversal and retracement zones. Also with the Fibonacci tool, you can tell how far a market would go and set your take profit.

FIND CHART PATTERNS AND CONFIRMATIONS

There are many ways to trade the forex market and a chart pattern is one of them. When you learn to identify chart patterns and entries, then you have a simple profitable trading strategy that works.

RETEST AND BREAKOUTS

Retest and breakouts are based on your understanding of the market structure. After the study on chart patterns, breakouts and retests will give you a good place for entry.

RELATED: HOW TO SET STOP LOSS AND TAKE PROFIT IN MT4

RELATED: HOW TO KNOW WHEN A TRADE IS ENDING

BEST FOREX STRATEGY FOR CONSISTENT PROFIT

Sometimes complex problems come with very simple solutions, the best forex strategy has nothing to do with a bunch of indicators, but rather has the best forex strategy.

You must first identify the dominant trend, as simple as this sounds, this is a big deal as it changes everything and sets you on a course of consistent profit.

Identifying the dominant trend is part of the market structure I always talk about in all my articles.

RELATED: MT4 OR MT5 FOR BEGINNER

100% ACCURATE FOREX STRATEGY

It is important you learn to manage your expectations in the forex market as there is no such thing as a 100% accurate forex strategy. Part of the process in trading is that you will have to lose some but in all your account keep growing.

So that being said, stop fantasizing about a 100% forex strategy; rather focus on learning the basics of trading the forex market.

HOW TO TRADE VOLATILITY 75 INDEX ON MT5

The volatility 75 index is not for the faint-hearted especially if you are a beginner trading the synthetic market on Deriv.

Traders also call this index V75, just as the name implies, they are volatile by design and require a reasonable account size(margin) so you can trade with confidence.

In this article, I am going to teach you how to trade volatility 75 index on MT5 but in order to achieve this goal, you will need the basic knowledge of technical analysis.

Just like in regular trading, concerning volatility 75 index, is not affected by global events(fundamental news).

VOLATILITY 75 INDEX CHART

The V75 index chart consists of all the default necessary tools and indicators that a regular Forex trading chart has. To see an active V75 chart, you can download it from the Deriv website.

The demo or live version can be seen on web view or you can download the Apple or windows version.

Here is an Image of the volatility 75 index Chart (windows version).

RELATED: HOW TO MAKE DAILY PROFIT IN VOLATILITY 75 INDEX

RELATED: US FOREX BROKERS WITH INDICES

RELATED: BEST TIME TO TRADE VOLATILITY INDICES

VOLATILITY INDEX TRADING STRATEGIES

It is difficult to be on consistent profit if you do not have a trading strategy, many beginner traders have been taught many things about trading that they call strategy.

Most of the time this strategy is a bunch of indicators on their chart which usually ends up leaving them more confused.

Yes, these indicators might work sometimes but for how long, to have good volatility index trading strategies, learning to identify market structure is inevitable.

Market structure is the mother of all synthetic trading strategies as all indicators respond to it.

Let me explain a bit about using market structure as a strategy for volatility index trading.

In market structure you will find; support and resistance, chart pattern, supply and demand, order block, and more.

When you learn to identify these structures on your naked chart, you will begin to see these structures as they form across all time frames.

In conclusion, when considering index trading strategies for volatility you should see beyond a bunch of indicators rather than see it from a professional perspective which is looking at the pure market structure and multiple timeframe analysis.

HOW TO ADD VOLATILITY INDEX ON MT5 (PHONE AND PC)

ON PC

After downloading the MT5 platform on your PC, move your cursor to the top left corner of the MT5, you will find an Icon directly under the file button (hover your cursor and you will see create a new chart and you will see the index you want to add.

However, if you can’t see it then move your cursor to the dollar sign/Icon($ show symbol list). The keyboard shortcut is Ctrl+U, there you will see all the index you want to add to your chart.

Here is a screenshot:

How to add Volatility Index on MT5 on PC

ON PHONE

How to add Volatility index MT5 on Phone

After downloading the MT5 trading app on your phone, at the bottom left corner, you will find two opposite arrow signs, touch the sign, then on the top right corner, you will find a plus sign(+)  touch the plus sign to see all the index you want to add to your mobile chart.

Here is a screenshot:

how to add volatility index on MT5 on Phone

HOW TO TRADE VOLATILITY 75 INDEX ON MT5

how to trade volatility 75 index on MT5

Below are the 4 steps to take on how to trade Volatility 75 index on MT5:

  1. Look at a higher time frame to find the dominant trend, support and resistance zone/reversal zones
  2. Check on a lower time frame for multiple rejections
  3. Wait for a breakout and retest
  4. Take profit at support and resistance level (don’t be greedy)

RELATED: TOP SECRET ON HOW TO TRADE BOOM AND CRASH

VOLATILITY 75 INDEX STRATEGY

There are a thousand and one ways to trade the volatility 75 index, that being said there is no one strategy because at every time frame the V75 is respecting the market structure.

One thing that does matter is that the V75 index respect the market structure formed and this is the kind of V75 strategy you want to have for consistency in profit.

One essential volatility 75 index strategy is chart pattern.

Chart patterns are a part of market structure and are formed every day on V75 index across all timeframes, this pattern can be a continuation or reversal pattern and the market effectively responds to these patterns since it cannot be affected by global events.

WHAT IS THE BEST VOLATILITY TO TRADE?

This is a tough one as there is no straight answer to it, volatility indices all respect the basic principles of trading (market structure) so it wouldn’t matter the volatility you choose once you identify a structure and a good entry then you are good to go.

This is a tough one as there is no straight answer to it, volatility indices all respect the basic principles of trading (market structure) so it wouldn’t matter the volatility you choose once you identify a structure and a good entry then you are good to go.

However, some volatility indices are more volatile than others, so you must evaluate your account size and how much you are ready to risk per trade when deciding on the best volatility to trade.

Proper market analysis will filter out ranging volatility indices and focus your attention on trending volatility indices, allowing you to join in the trend continuation by putting into consideration chart pattern analysis (market structure)

To make it simple, the best volatility will be the trending volatility.

BEST INDICATOR FOR VOLATILITY 75 INDEX

I am going to make this real simple for you. Many beginners trading the V75 index always make the mistake of looking for the best indicator for volatility 75 index, what they actually need to learn is market structure and analysis, trust me I have been there, and the search for the best indicator for volatility 75 Index is an endless circle that will lead to nothing.

 Indicators on their own are lagging unless you apply market structure, then it will become clear.

To crown this all up, what you should be searching for is how to trade forex with market structure.

VOLATILITY 75 INDEX ANALYSIS

To properly analyze volatility 75 index, you should have knowledge of market structure to identify support and resistance zone, reversal and retracement zones, how to use the Fibonacci tool, trend lines, and to identify chart patterns when you see one.

And of course top-down analysis on time frames. Know this and you will do a proper analysis on the V75 index.

HOW TO ADD BOOM AND CRASH ON MT5 PC

Adding boom and crash is as easy as adding any other index on MT5 and I have explained with a screenshot in this article above feel free to read through to see how to add boom and crash on MT5.

VOLATILITY 75 INDEX BROKERS

Volatility 75 is a synthetic index designed by Binary.com (Deriv) therefore at the moment of writing this article; they remain the only broker that offers the Volatility 75 index. I have been using Deriv (Binary.com) for years now to trade V75 and they are very efficient.

WHERE CAN I TRADE VOLATILITY 75?

The article just above this one talks about where you can trade V75; you can trade the V75 index on Deriv (Binary.com).

DOES MT5 HAVE A VOLATILITY 75 INDEX?

Yes MT5 has a large range of trading instruments including the volatility 75 index. With MT5 you can trade the currency market, synthetic market, and even Cryptocurrency.

WHAT DO I NEED TO KNOW ABOUT VOLATILITY 75 INDEX

Volatility 75 is a synthetic indices designed by binary.com which later changed to Deriv. the indices are volatile by design, therefore, require good experience in market structure understanding.

Volatility 75 can only be traded on the deriv MT5 platform and because of its synthetic design; it is not affected by global events (fundamental news) like the forex market. It is purely technical analysis trading.

HOW MUCH DO YOU NEED TO TRADE V75

I believe you mean volatility 75 index, first of all, V75 index on deriv is a volatile index. Most people would say a $100 is a good start; in my opinion, a $100 account size will not give room for a proper stop loss, therefore poor risk management.

The ideal capital size to trade V75 will be from $500, staring with good capital will help you make better decisions and you will start thinking about long-term trades instead of scalping with $100.

However, if you have a smaller account size, you will not be able to hold trades for too long.

TOP SECRET ON HOW TO TRADE BOOM AND CRASH

Trading the boom and crash market can be intimidating especially when you are selling boom and buying crash, knowing that one spike in the indices can reduce all your hard-earned profits.

However, to conquer this fear, it is important to understand the basic principles that surround matters that regard trading.

Not to waste much of your time below is valuable information on the “top secret on how to trade boom and crash”.

When you understand this it wouldn’t matter whether it is boom 500, crash 500, or boom 1000, crash 1000, you will just need to apply the same basics of trading boom and crash market structure.

BOOM AND CRASH FOR BEGINNERS

If you are reading my article on boom and crash for beginners then you are in the right place.

Before I talk about the most important thing you should know about boom and crash trading as a beginner, first let me first talk about what you do not need.

Do not spend money buying indicators because all you need is in the MT5/Deriv platform.

Do not let the images of the indicators deceive you into buying.

There are many ways to trade the Deriv boom and crash market whether it is long-term, medium-term, or scalping, the pivotal principle that doesn’t change is the understanding of market structure/analysis.

Yes, boom and crash respect market structure so if you are a beginner wanting to trade boom and crash, then go to learn the market structure and understand market analysis.

RELATED: HOW TO TRADE STEP INDEX

RELATED: CRASH 1000 INDEX BROKER

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RELATED: CRASH 500 INDEX

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BEST INDICATOR FOR BOOM AND CRASH

Many traders make the mistake of thinking that indicators will solve their trading problem not realizing that a good understanding of market structure is what they need.

Before I give you the good news, let me first give you the bad news: there is no such thing as the best indicator for boom and crash; the good news is you can master boom and crash trading when you understand the market structure.

Trust me, if there was the best indicator for boom and crash then everyone would be making money.

Finally, there is nothing wrong with using indicators for boom and crash trading; using indicators for trading will be of more value after you have done your market analysis with market structure.

BOOM AND CRASH STRATEGY

When people search for trading strategies, in this case, boom and crash trading strategy they expect to find the one golden strategy, and when it fails them they go off to the next one and the search for a better strategy never ends.

I know this because I have been there until I accepted to go learn the market structure and analysis then everything became clear. I started to see all my mistakes in the past. Sorry if you are expecting to see a list of indicators.

I am not one of those that showcase a list of indicators for trading, not that I don’t use them sometimes; they are a secondary option to me.

I first do my market analysis when a market structure is formed and completed then the indicators may follow. To create your own boom and crash strategy, you must first understand the market structure.

There is a lot of boom and crash strategy you can consider applying; however, in my experience, you will come to see that no matter the boom and crash trading strategy, they still depend on market structure, which is why I believe that chart pattern trading is one of the most effective boom and crash trading strategies.

These chart patterns are best traded when it supports the dominant trend in boom and crash indices.

Image samples of chart pattern boom and crash trading strategy are provided below:

boom and crash strategy boom 500 H4
boom and crash strategy boom 1000 bullish H4
crash 500 H1
boom and crash strategy boom 1000 H1

TOP SECRET ON HOW TO TRADE BOOM AND CRASH.

top secret on how to trade boom and crash

The top secret on how to trade boom and crash successfully is as follows:

  • focus on market structure and top-down analysis
  • focus on higher timeframe H1 to D1 to know the dominant trend/reversal time
  • Market entry on a lower time frame after market structure is formed and retested
  • market entry on support and resistance zones
  • Chart patterns on a smaller timeframe for market entry at points of reversal using the Fibonacci tool.

BEST TIME TO TRADE BOOM AND CRASH

This topic comes with mixed reactions and many traders could disagree with me. Think of it, if there was actually the best time to trade boom and crash then everyone would wait for that best time.

The best time to trade boom and crash is not a time of day but of market structure formation. In other words, the best time to trade boom and crash is when a market structure has been formed and completed.

Below are screenshots of the best time to trade boom and crash with market structure formations.

best time to trade boom and crash
best time to trade boom and crash with market structure formation

HOW TO DETECT SPIKE IN BOOM AND CRASH INDEX

If I could go for a superpower it wouldn’t be hulk, Thor, or spider-man. It would simply be detecting spikes on boom and crash. 

Now many people will hate me for this, I see websites and people trying to sell boom and crash spike indicators and many people fall for it.

Ask yourself this question, if they are making so much profit with it? Why are they are trying so hard to sell it? Every tool and indicator you need for you to be profitable with the trading boom and crash within the MT5 platform.

You only need to be patient and learn the market structure and forget about those shortcuts of spike detector indicators. To answer your question the best way to detect spikes in boom and crash is with market structure/analysis.

BOOM AND CRASH SPIKE DETECTOR

There are many booms and crash spike detectors out there that will promise you heaven on earth. From my experience, they have not lived up to their expectations.

While spending money on boom and crash spike detectors when you can master the act of detecting spikes yourself.

I have said this before and I will say it again. “Market structure” is what synthetic trading is all about. Understand the market structure and you will be your own boom and crash spike detector.