In a different article, I write on why you should not trade with 100USD (Click HERE to read the article) In essence, the gist of the article is that the profits you make trading with 100USD are just too little to warrant sitting down for a whole day for such pay. But assuming you are THAT determined and that patient – not to mention disciplined – here is how to grow your 100USD account to 1,000USD in just one year.
As a by-the-way, I should probably mention here that I once knew a guy who doubled his Forex Account every week. He had a very risky strategy where he used large leverages and ichimoku clouds to risk 100 pips for a 2.5 pip reward with very aggressive trading. Please note that with this strategy you need only one loss to wipe out a full months gain. Now that is what I call trading with your private parts exposed… Anyhuuuu…
You have 100USD to start with. We pick a small leverage (eg 10:1 or 50:1 maximum) so that you can control a 1,000USD position without risking a lot and trade micro-lots, the only size that you can trade with this amount of money. We are going to use the usual stop-loss of 20 pips and 10 pip take-profit. The reason why the stop-loss is larger than the take-profit is so that if there is a temporary erratic drop in the graph your stop-loss is still far enough to prevent an abrupt end to an otherwise promising trade.
Assuming you are a patient and disciplined trader buying or selling in a volatile market, the above trade setup should net you 4-$5 a day or rather $100 a month. That alone is enough to give you $1,200 a year in profits (12 months x $100 a month) but please note that if you are not withdrawing your profits, then your account is constantly growing so at any given time you are able to control a larger position than you did the previous day so, theoretically, you should make more profits than 4-$5 on each subsequent day/month.
Remember though, even if you are using a powerful trading system like the Alpha and Omega trading system (Available for FREE Download HERE) you will not get trade opportunities EVERY SINGLE DAY so let us average your total profit by the end of the year to $1,000. And THAT is how you grow a $100 account to $1,000 in just 1 year. Share your ideas on the same in the comment section below.
1. Time your Trades for maximum volatility periods. You will not net 4-$5 in a ranging market.
2. Avoid (like the plague) websites or trainers who say you can grow your 100USD account to 1,000,000USD in a year. I did the math. It is both NOT practical and you will lose money because you are over-trading. EDIT: Check THIS link for feedback I got on this point.
3. Again, based on the above math, it is easier to just start with a huge enough capital and avoid the stress of trying to catch EVERY SINGLE trade opportunity.
Click HERE to Open a Forex Brokers account Right now and start trading IMMEDIATELY. If you do not have a good trading System, click HERE to download the Alpha and Omega Forex Trading System for FREE. It is suitable for both Beginners and Pro Traders alike.
I wish you happy and prosperous trading.