Welcome to the first post of this series where we will discuss the steps to double your future trading amount within the first week. With some patience and following the strategies outlined here, you can start making profits just like myself. So let’s dive into the steps:
Step 1: Fund Your Future Wallet
The initial step is to fund your future wallet with a minimum of $300. You can choose to start with a lower amount, but keep in mind that you will have to take fewer trades per day. On the other hand, if you want to put in a higher amount, go ahead, there is no limit.
Step 2: Example of a $500 Future Portfolio
Let’s assume you have $500 in your trading account. With this amount, you should aim to take a maximum of 8 trades per day.
Leverage
When you take a trade, make sure to set your leverage at a maximum of 7-10x. It’s essential to play it safe and not go above that limit, regardless of the circumstances. Following this strategy will help protect your investments.
Margin
With \(500 in your account, each trade should have a margin of only \)20. This margin requirement is applicable for the first week only. Once we double the amount, we can consider increasing the margin as well.
Isolated or Cross
It is recommended to use the “Cross” option in all trades instead of isolating them. By choosing the cross option, you ensure that none of your trades get liquidated in case they go against your expectations. Since you are only allocating \(20 per trade from your \)500, there is no need to worry about any potential losses.
Make sure to follow my profile for the upcoming posts, where we will discuss important steps like finding trades, taking profits, and executing DCA (Dollar Cost Averaging) at the right time.
Feel free to tag me in the comments if you have any questions, and I will do my best to respond to all of you. To make it easier for everyone, I have broken down the steps into 5-6 separate posts. These are the exact steps that I have been following for the past 20 days, and they have helped me make a profit every day.
Let’s start improving our future trading skills and aim for consistent profits!