This thread is dedicated to the folks who complain they don't have enough money to trade. This is usually the reason many lose in Forex - starting with too little. However, I have good news for you! Can you raise $50 to fund your account? If yes, then this thread is for you! I have found a way to grow tiny accounts into fairly big ones. This project is supposed to get us from $50 to $1000! Sounds big right? But we'll get there by God's grace. I hope at the least, this would give you some hope.

You may not even have $50 to start with, don't worry this project account started with $50 from my broker (NewForex). I started it with you in mind last week (7th Dec) and its already grown 30% ($65.14) as at time of posting this.

So, here's how it works; I don't post signals. I'd simply tell you what I'm doing now with screenshots! If there are any changes, I'll update accordingly. Your comments, questions and suggestions are welcome. Please, NO SPAMMING; DERAILERS BEWARE!!!

'Success Is Empowering Others'

Hi guys,

I have just uploaded a screenshot of my[b] $50-$1000 Project account[/b], you will find that trading began on the 7th of December, just like I posted earlier. My next post will show my current trade and account balance. Please, note that it's a Cent account.

'Success Is Empowering Others'

Friends,

Here's a screenshot of my current trade placed a short while ago and also showing account balance as promised earlier.

'Success Is Empowering Others'

OK, following...

I appreciate your work. MACD or EWO(Elliot wave oscillator) would be good too. Pls compare these with the 200day/50day MA and see the correlation. Thanks for the effort. Following.

namdo:
I appreciate your work. MACD or EWO(Elliot wave oscillator) would be good too. Pls compare these with the 200day/50day MA and see the correlation. Thanks for the effort. Following.

Thank you Namdo. The indies mentioned in your comment (apart from EWO) are part of my system. The 200 day EMA and 50 day SMA (OrangeRed and Chartreuse colors resp.) Please, find attached my chart showing them.

Hello Friends!

Apologies for the 2 day hiatus...It was due to wholly unexpected circumstances!

I want to assure you that there's nothing you can't achieve if you BELIEVE, set your mind to it and desire it intensely! In the meantime, our project account has added a few dollars...now $3,675 (ah, it's a US cent account just in case you forgot, lol!) Please, check attached screenshot.

I will endeavor to post the trades going forward; when they are placed and when they are closed! remember we still have a long way to go.

Comments welcome.

'Success is empowering others'.

Good morning friends,

Here's what I'm trading this morning; I'm buying CHFJPY at 122.61, close two-thirds at 123.50 and the rest one-third at 123.83

please, see screenshot. For risk management, I don't use stoploss, but hedging. If u want to use a stoploss or place a hedge, it should be around 121.88.

Happy trading!

Please, DO NOT USE stoploss, use a sellstop instead, the CHFJPY market has a very strong bearish component! I would show you at what level to take off the hedge if it's triggered and then we'd make profit.

WARNING!

Please, close the above trade (just 4 pips loss@current price) if you are not familiar with hedge trading or if your broker doesn't allow it.

Cheers!

I have replaced my sellstop with a buy@121.81 and a new buylimit@121.15 and sell stop@119.90.
(See screenshot). Price will retrace at either of the 2 buy orders. If it doesn't then we'll hedge at 119.90 and recover our positions next week. dv.

"Never, Never, Never, Never, Never Give Up!"

register with this link and get free $500 to start trading Forex.

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This is a No deposit free bonus to start trading before you invest your personal money.

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Current setup: I've adjusted takeprofit of initial buy to break-even@122.83 and 2nd buy takeprofit is 122.70.

Thanks for your post Spled4u.

However, these guys at Grandcapital have very stringent conditions (see their T&C link below). For instance, they withdraw bonus after 7 calendar days, that's 5 trading days. Also, you don't benefit from your profits as they get wiped off your account if you can't deposit the same amount into your account among others.

Look up their T&C here:- https://grandcapital.net/account/bonus

spled4u:
register with this link and get free $500 to start trading Forex.

Get $50 free bonus to trade Binary or $500 free bonus to trade Forex.

This is a No deposit free bonus to start trading before you invest your personal money.

CLICK the link below to register NOW.
https://grandcapital.net/promo/500_bonus/?partner_id=420622

Hello everyone,
Our Project $50 - $1,000 Account is growing steadily. It grew from 6,500 US Cents ($65) to 9,400 US Cents ($94) in the week (13-Dec - 18 Dec).

Happy Weekend


See screenshot

Hello everyone,
Our Project $50 - $1,000 Account is growing steadily. It grew from 6,500 US Cents ($65) to 9,400 US Cents ($94) in the week (13-Dec - 18 Dec).

Happy Weekend!


(See screenshot)

Op Pls I have a special request. Can you create a whatsapp group and post signals for us to follow u. Thanks in advance

Thanks for your post Tosadel. I am simply out to show folks through this thread, that it's possible to make $1,000 from nothing, using no-deposit bonus from broker. However, not to turn down your special request, I promise to give it a thought. Cheers!

Tosadel:
Op Pls I have a special request. Can you create a whatsapp group and post signals for us to follow u. Thanks in advance

Good morning aspiring traders!

This my trade setup for GBPCHF for today

See screenshot:

I bought@1.4796

buylimit@1.47704 and my takeprofit is 1.48665.

I have a sellstop@1.4625

Nice thread danberg...What criteria do u look out for before setting up your trades and would like to know your edge trades set-ups?

Thanks in advance.

Thanks Austynoh. I plot S/R lines and trendlines to guage support, resistance levels and next, i check to see if price has crossed key MAs (13, 20, 50) and 200EMA. Also, CN_Fractal_AMA and finally Oscillators (MACD, etc) must confirm there's about to be a trending. I cross-check on higher time frames and launch if I get the OK signal. Note that I do all these on 15min, 1hr and 4hr time-frames too but execute on 15min.

As for edge, I mastered the use of hedge trading so, if my trade fails, i rely on a buy-limits or sell-limits to recover 'em. And hedge with stop orders (buy stops and sell stops) so whichever way price goes, i'm on hand to pick up the money. That's my edge really.

austynoh:
Nice thread danberg...What criteria do u look out for before setting up your trades and would like to know your edge trades set-ups?

Thanks in advance.

danberg:
Thanks Austynoh. I plot S/R lines and trendlines to guage support, resistance levels and next, i check to see if price has crossed key MAs (13, 20, 50) and 200EMA. Also, CN_Fractal_AMA and finally Oscillators (MACD, etc) must confirm there's about to be a trending. I cross-check on higher time frames and launch if I get the OK signal. Note that I do all these on 15min, 1hr and 4hr time-frames too but execute on 15min.

As for edge, I mastered the use of hedge trading so, if my trade fails, i rely on a buy-limits or sell-limits to recover 'em. And hedge with stop orders (buy stops and sell stops) so whichever way price goes, i'm on hand to pick up the money. That's my edge really.

Thanks for the response...Do you increase the lot-size when you hedge your trades?

@ danberg
what is the name of the broker u are using?

I rarely do.

austynoh:


Thanks for the response...Do you increase the lot-size when you hedge your trades?

Closing GBPCHF BUY...that's $400 roughly using 1.00 or $200 using 0.5. Remember these are scalp-like trades!

See Screenshot

Closed CHFJPY

See screenshot

Nice thread. Keep it up.

Thanks!

Tosadel:
Nice thread. Keep it up.

Good morning friends,

This is breakfast (buying@122.08/tp@121.86 and selllimit@122.42. buystop(hedge)@122.95

See screenshot

Closed in profit@121.81

Always remember to delete pending orders after trade-close; they can cause nasty surprises when triggered later.

Hi friends,
It's been almost impossible updating this thread since my last post. I wonder what's going on??