Sayamoza Move Forex Market

Are you one of those people who know that trading forex is one of the surest ways to create a lavish income in the shortest amount of time (or perhaps you didn’t know), but think that you don’t have enough money to get started? Well then this chapter is for you! I will show you that you DO have enough money to get started. In fact all you need is $100 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 $100 “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!

You’ve heard the saying, “it takes money to make money”. Well it’s true, and generally the more money you have the more money you’ll make. But don’t worry; you’re about to learn a clever way to make a whole lot of money starting with very little.

Why does this system start with only $100? Well, you could certainly start with more. If you have $500, a $700, or even more you’d simply pass through the beginning steps more quickly. $100, however, is the least you can start with because that’s the minimum you can open a “mini” forex account with.

With this system we’re going to assume you’re starting with $100, 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.

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 sayamoza blogspot will teach you how to get to that point starting with only $100.

HOW TO TURN $100 INTO A FULL-TIME INCOME

So let’s start talking about the strategy on how to turn your $100 into a full-time income. This is what you want, isn’t it? In this case we have set a target of ending balance $ 1000

If you have not read the article Strategy:20? Please read the article first so you get the big picture of this plan.

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. The rest of this article assumes that you already have a trading strategy, and we’ll only look at the strategy of how to grow your 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 $100 you are only allowed to trade 0.1 mini lot. If you win on your trades and gain money then that’s great. If you should fall below $100 then you would continue trading 0.1 mini lot, but being more careful on your trades.

Once you’ve grown your account to $110 then you are ready for step #2. At this point you will be trading 0.2 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 0.1 mini lot – the choice is yours. At this point should you experience loosing trades that drop your account below $110 then you revert back to step one, trading 0.1 mini lot.

When your account reaches $130 then you move up to step #3. Now you are allowed to trade 0.3 mini lots on your trade, but can of course trade less if you want to. Again, if you loose any money and fall below $130 then you go back to step #2. If you are unfortunate to loose even more and fall below $110 then you would go back to step #1, however when you have over $160 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 $0.1 per pip — $1 per trade 1 mini lot) to move to the next step.

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 $1,000 in just 2-4 months. Compare that to sticking $100 into your local bank’s savings account – you’d be lucky to earn a dollar in the same time frame!

An important way to “think” about this strategy is to think of it as a game. Consider pips and the amount of money you have in your account to be the way you keep score. You’ve notice that for each step I tell you how many pips you need to capture, or “score”, to move up to the next step. (Remember, some currency pairs pip value is less than a dollar per trade 1 mini lot, for which you’ll need a few more pips.) The object of this game is to strategically score pips to raise your account to higher and higher amounts. It’s also important to think of this as a “business”, so make good rational business decisions (don’t gamble, trade smart).

Please remember to exercise good equity management in all your trades, never risking more than 2% of your margin account on any single trade, however if you have a small mini account (in this example we use 0.1 mini lot) you may bend this rule to 5%. For example, if you have $100 in your account, 2% is $2, equal to 20 pips loss, and 5% is $5 or 50 pips (go for safe, high probability little trades at first). Realistically you need to be prepared to suffer losses with any system, so obviously your risk per trade has to be a bit higher than professional traders would normally employ. Once you get your account to $1,000 or more then definitely limit your risk to only 2% of your margin account on any single trade. Don’t be greedy and you’ll survive a few losses to continue your gains. Please don’t trade money you can’t afford to loose.

Now here is perhaps the most important point of this entire chapter. Get training! Think about it, many people go to school (College, University or take specialty courses) to learn how to be proficient for their jobs. You’d agree that doctors, lawyers, and other professionals make good money, but they wouldn’t if they weren’t trained for their careers. Sure they paid dearly for their schooling, but the investment of their training became returned upon graduating. Many are now wealthy!

If you don’t know what you are doing then I guarantee that you will fail at this! I simply can’t stress this enough. Remember that the few bucks you spend to learn what to do can make you very successful at making a whole lot of money!

Remember the saying, “Give a man a fish and you feed him for a day, but teach him how to fish and you feed him for life.” Go learn to “fish” and you’ll be well fed for life!

I trust that you’ve enjoyed reading this sayamoza trading plan, and have benefited by it. I wish for you hundreds and hundreds of pips! May you be blessed with success in all your trades!