Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    How to Trade Forex on a $500 account
    How to Trade Forex on a $500 account
    How to Trade Forex on a $500 account
    Ebook142 pages3 hours

    How to Trade Forex on a $500 account

    By J. Geruto

    4.5/5

    ()

    Read preview

    About this ebook

    How to Trade Forex on a $500 account is short, sweet and gets right to the point and tells you the basics of what you need to know to get you in the driver’s seat of your own Forex money train and how you can begin trading the live Forex markets on as little as $500 as a beginner Forex trader. Most new Forex traders coming into this business have unrealistic goals from the start which is only one of the mistakes they make; their sole focus is on making quick and easy money, unfortunately it doesn't work like that. Don't get me wrong all Forex traders who have made it and make real money trading and investing in the live financial markets are there for one reason, to make money. Anyone who tells you they are doing this business for anything else should not be in this business.

    The good news is you absolutely do not need a big fancy degree from a big fancy Ivy League college to become successful at the business of making money with money, the even better news is you don’t even need a high school diploma and a twelve year old can become a millionaire. All the information you need to do this business is readily available in this book and online if you know where to get it. You will need to develop your own time management skills though and study hard.  There are some extra links at the end of the book to help you expedite some of your learning curve time. You’re welcome!

    How to Trade Forex on a $500 account is going to arm you with the best basic information and tools in the business I feel to accomplish some of your investing and trading goals whatever they may be. It also will empower you to have a lifelong skill. You will be able to make an unlimited amount of money and have financial independence as well as be location independent for the rest of your life. Once you learn and master these skills you can make money in the markets forever from anywhere!

    The information give you in How to Trade Forex on a $500 account will give you some of what you need to be successful in making money by investing and trading in any of today's financial markets. Every new day in this business gives you the chance to make money every single trading day of your life no matter where you are in the world. As long as there is Wi-Fi or internet there you can make money!!!

    LanguageEnglish
    PublisherJ. Geruto
    Release dateMar 11, 2018
    ISBN9781386309505
    How to Trade Forex on a $500 account

    Read more from J. Geruto

    Related to How to Trade Forex on a $500 account

    Related ebooks

    Small Business & Entrepreneurs For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      He Learned to Trade for Profit - and Can Teach You, Too

      Jan 31, 2019

      Raymond Rondeau, 55, of Exeter, R.I., is a trader, president of the New England American Association of Individual Investors chapter, and creator of AAII's new course, "Investing Strategies and Technical Analysis." When did you start trading? I began

      2 min read

    • Article

      Learn How To Spot A Rip-off

      Feb 24, 2021

      Learn How To Spot A Rip-off
      3 min read

    • Article

      How To Set Yourself Free

      Sep 2, 2020

      One of my clients retired at 50 to become a full-time trader, hoping he could shrug off the rat race and the typical work-sleep-work life. Fifteen years later he is still “retired” and still trading full time. Now he calls it what it turned out to be

      6 min read

    • Article

      What Is Forex Trading?

      Mar 1, 2022

      What Is Forex Trading?
      6 min read

    • Article

      Discipline Goes A Long Way

      Mar 31, 2022

      The life of a trader is not what most of us might imagine it to be – that is, glamorous, exciting and paved with gold. More likely it is solitary, private, a bit boring and, when done right, provides a living. We could all be traders. We could all be

      5 min read

    • Article

      How to Make Market Volatility Work for You

      Apr 5, 2018

      There are more certainties in life than just death and taxes. For instance: If you invest money in the stock market, you certainly will face market volatility now and then. Periods of high volatility are normal. Investors need to understand that life

      4 min read

    • Article

      RSI Alone Not Enough

      Sep 18, 2020

      oscillators, such as the relative strength index (RSI) and stochastics, are often used as signals for overbought and oversold zones. Let’s use the RSI as an example. Generally, an RSI set on 14 days is considered over-bought above the 70 level, but t

      1 min read

    • Article

      The Magic of Moving Averages

      Jan 31, 2019

      When price charts begin to look like jagged mountain ranges, it can be hard to map out which way stocks are headed. Enter the simple moving average. The tool is a staple of technical analysis--the practice of determining the direction of stock prices

      2 min read

    • Article

      How To Count Your Losses

      Nov 15, 2019

      in the previous issue (7 November), I wrote about trading, and in particular about gearing via the use of derivatives, as well as what we should (or shouldn’t) be trading. I promised to return to the other two parts of the equation: How to employ a s

      3 min read

    • Article

      Are You Gambling or Investing? Here’s How to Tell

      Mar 2, 2021

      Investing in the stock market over many decades offers most people an incredible opportunity to build wealth. Does that surprise you? If so, you’re not alone. Over the course of my career as a financial planner, I’ve found that many people look at th

      4 min read

    • Article

      25 Dividend Stocks the Analysts Love the Most

      Oct 14, 2020

      When it comes to Wall Street's favorite dividend stocks, the pros are all about energy companies and utilities these days. Whether it's an increase in residential energy needs or a nascent recovery in commodity prices, analysts' most highly rated div

      1 min read

    • Article

      How Investors Can Prosper With Technical Analysis

      Feb 6, 2019

      Many investment advisors and money managers have a little secret. They will proudly tell you that they rely heavily on fundamental analysis, carefully weighing earnings, market share, competitive environment and demographic trends to select the best

      5 min read

    • Article

      Breakout Is Possible

      Jan 10, 2020

      Breakout Is Possible
      1 min read

    • Article

      Crypto vs. Forex Trading: What You Need to Know

      Oct 6, 2021

      New ways of managing, transacting and investing our money continue to emerge as the financial world around us evolves. One major change seen in the last decade has come from the rise of cryptocurrencies (or "crypto," if you prefer brevity) – digital

      6 min read

    • Article

      Technical Analysis Tools For Long-term Investing

      Oct 30, 2020

      in the 22 October issue of finweek, I wrote about how I am trying my hand at trading local equities for the first time in over a decade. Some aspects of my index trading have helped (discipline and risk management), but stocks are more volatile and n

      2 min read

    • Article

      Thinking About Day Trading? Read This First

      Sep 22, 2020

      In the midst of the pandemic, you may have noticed a rather unusual trend: More and more people are jumping into the stock market. Despite, or perhaps even because of, extreme volatility in the market and endless speculation about what could happen n

      3 min read

    • Article

      4 Closed-End Funds with Sky-High Yields

      Feb 1, 2018

      With robust yields and share prices trading at a discount to the value of their investment portfolios, these four closed-end funds are worth exploring now. For more about how closed-end funds work (and can add juicy payouts to your portfolio), check

      2 min read

    • Article

      Change In Sentiment

      Oct 2, 2020

      Change In Sentiment
      1 min read

    • Article

      Share Madness

      Jun 22, 2020

      Share Madness
      2 min read

    • Article

      Picking Stocks? Your Brokerage Can Help

      Jan 30, 2020

      If you're a regular reader of Kiplinger's, chances are you know some basics when it comes to evaluating stocks. You know that you want to buy low, sell high and hold for the long term, for example, and that a low price-earnings ratio means that a sto

      4 min read

    Related categories

    Reviews for How to Trade Forex on a $500 account

    4.5/5

    2 ratings1 review

    What did you think?

    Tap to rate

    Review must be at least 10 words

    • 4/5
      A must read for a beginner to understand how important to follow the fundamentals !

    Book preview

    How to Trade Forex on a $500 account - J. Geruto

    The best job you never thought of

    What is the best job you never thought of?  I bet it wasn’t Forex trader, investor, or high frequency Forex trader? Was it money manager/ Forex trader, risk manager/ Forex trader? For the type of job I am writing about in How to Trade Forex on a $500 account there isn’t even a high school diploma or MBA needed!!! Hell no clothes needed for that matter! Where else can you go to work stark naked and make an unlimited income, only in this business, and only if you’re doing it from home. LOL

    How to Trade Forex on a $500 account is short, sweet and gets right to the point and tells you the basics of what you need to know to get you in the driver’s seat of your own Forex money train and how you can begin trading the live Forex markets on as little as $500. Most new people coming into this business have unrealistic goals from the start which is only one of the mistakes they make; their sole focus is on making quick and easy money. Unfortunately it doesn't work like that. Don't get me wrong all of us who have made it and make real money trading and investing in the live financial markets are there for one reason, to make money. Anyone who tells you they are doing this business for anything else should not be in this business.

    First let me say that working from home and making as much money as you could possibly want to have is completely possible, there is no secret about that. Day trading, swing trading and investing are the best business in the world to be in as far as I am concerned. You can do it from anywhere on the planet there is WIFI so what could be wrong with kicking back on your boat at the marina or at the beach on a beautiful sunny day or flying to Europe to meet friends for the weekend. That’s the beautiful thing about the market; you always have a chance to make money. It's virtually 24 hours a day. Just like a bank ATM machine right? It’s your job to develop your edge which is your PIN# for the ATM.

    You absolutely do not need a big fancy degree from a big fancy Ivy League college to become successful at the business of making money with money, as I said, you don’t even need a high school diploma. All the information you need to do this business is readily available online if you know where to get it. You will need to develop your own time management skills though and study hard.  There are some extra links at the end of the book to help you expedite some of your learning curve time. You’re welcome!

    I will talk about where to go to get the information you need to become consistently profitable in this business a little later however right now I want to tell about how good it is to be able to do this business and work for yourself. My guess is that right now you are an at will employee of where ever it is you work at. If you don’t know what at will employment means here is a link to an explanation of it, and you should pay attention to what it says. https://en.wikipedia.org/wiki/At-will_employment

    The amount of time you want to work is up to you (I bet you can’t do that right now). In your own trading business you are the boss right? You make the decisions as to when you want to work and for how long. Since I position trade I might spend 30 minutes a week analyzing my charts. I suggest if you are brand new to the Forex trading business that you spend at least 10 minutes a day reviewing your positions at the very minimum. Could you get your head around only working 30 minutes a week and making an unlimited income from trading Forex?

    You can pick the best time of day which suits your lifestyle to work in the financial markets. You can work in any session there is in which the markets are open. There are many to choose from so you have the chance to make money when it is convenient for you. That’s the beauty of it!

    What I am trying to point out is that by being in the investing and trading business as a self-directed trader you can have all the freedom you will ever want and make all the money you will ever need. Perhaps you desire to make a better life for your family and be able to spend more time with them.

    The markets are there for people to make money every day. All you have to do is learn what to do the right way and then go in there and get it. If you’re sick of driving to a job you hate everyday then read on, How to Trade Forex on a $500 account is for you. My commute to work is the ten steps it takes me to walk from my bedroom to my office where my workstation is, where my trusted assistant Angel my cat already has the charts of the day all analyzed and annotated. Ten steps to go to work versus what, an hour drive? Can you get your head around that?

    Just because you have an MBA from Harvard or Columbia business school does not mean you will be able to be successful in the live financial markets it just means you paid a lot of money for a good education from a good school. I have a very high degree of education and still had to start with the basics and progress up through the various levels of proficiency to get to where I am today. Even if you did have an MBA from one of the aforementioned schools, and you were lucky enough to land at a hedge fund or Wall Street bank it would not help you in any way because you would be taught their method and system from scratch and have to follow it as if your very life depended on it.

    All elite traders treat investing and trading as a business and so should you if you want to be successful right from the start. A friggin 12 year old can be a millionaire in this business if they are taught trading the proper way from the very start.

    That is how I make money in the live markets every day. I just look for where the smart money have their resting orders and then wait for the retail sheeple of the herd to make their mistakes and buy or sell to or from them and then follow the smart money to where they are going to next. As I said, you don’t need an MBA degree from a big fancy Ivy League college for that!  Combine price action with supply and demand investing and trading and you have an edge over the retail sheeple of the herd.

    Do you want to get rich quick or do you want to get rich forever? The easy part of investing and trading is making the mistakes, the hard part is what to do with all the cash you will make from being patient and letting the market come to you and give you what you want. What do you like? Do you fancy cars, private jet travel or better yet owning your own G650 or perhaps your own little piece of heaven in the Caribbean somewhere?

    The information in How to Trade Forex on a $500 account will put you on the fast track to learning exactly the information you need to get started making money right away in the live markets. You want to invest and trade, right? You have to learn it the right way from the start to be able to put what you learn in your education to practical use in the live markets and make consistent profits.

    When I say fast track I don’t mean you can just go in the live market after reading this one book. It is imperative then that since you as a retail investor or trader have a look at all the information you need to study even if you are trading intraday which by the way the smart money does not do.

    That should be a huge clue, however because people think this is a get rich quick business when they first get into it and they think that they can learn a few chart patterns and some price action and then can go into the live make and make jet fuel money. New traders are buying Ferrari’s and Gulfstream 650’s before ever making a live trade with real money, I’m sorry to have to tell you it doesn’t work like that.

    As a brand new investor and trader, there’s a wealth of information that could be used to your advantage. I recommend that you start off by gaining a working knowledge of the overall market dynamics, what price action is as well as the principles of supply and demand. Learn why the markets do what they do. New investors and traders often wonder how long it will take before they start making money in the markets. You don’t need to be in any hurry because the market is always going to be there waiting to pay you.

    How to Trade Forex on a $500 account is going to arm you with the best basic information and tools in the business I feel to accomplish some of your investing and trading goals whatever they may be. It also will empower you to have a lifelong skill. You will be able to make money and have financial independence as well as be location independent for the rest of your life. Once you learn and master these skills you can make money in the markets forever!

    The information I have to give you in How to Trade Forex on a $500 account will give you some basics of what you need to be successful in making money by investing and trading in any of today's financial markets. Every new day in this business gives you the chance to make money every single trading day of your life no matter where you are in the world. As long as there is Wi-Fi or internet there you can make money!!!

    Isn’t that the kind of business you would like to be in?

    <<<>>><<<>>>

    Table of Contents

    The best job you never thought of

    Best way to get your Forex trading business up and trading

    Know what your goals are from Forex trading before you start doing it

    Beginner Forex traders make lots of mistakes which are expensive – don’t be that trader

    The only thing that will save you from an expensive journey is money management

    Education and training is where the time and lots of practice are required to become rich

    You must master chart reading and Forex price action

    Use a Forex trading method the market actually works on

    If you like your money trade by the rules – your own rules

    Everyone but you is your competition so develop an edge to beat them

    The easiest beginner Forex trader method you can learn fast

    Develop a "smart plan" then implement it

    Front run the smart money

    3 things that will help you win more trades – large PM, correlation, confluence in signals

    How it will all come together

    My final advice to new beginner Forex traders

    Bonus section

    Your slap in the face reality check

    Extra links

    Glossary

    Disclaimer

    Best way to get your Forex trading business up and trading

    If you have a computer you can start your Forex trading business. If you do not for some reason have a computer you will need to buy one for sure. Here are some of the most important things you will need for your first home trading business set up.

    You will need a very strong internet connection as latency and speed count in the trading business, while I was writing this book I got a fiber optic line and I now get download and upload speeds in excess of 900mbps, it’s

    Enjoying the preview?
    Page 1 of 1