3 Tips to Become a Forex Millionaire with $100

3 Tips to Become a Forex Millionaire with $100

3 Tips to Become a Forex Millionaire with $100

Surely you dream of becoming a forex millionaire. This is not strange as all new forex traders dream of being a forex millionaire. But they despair and give up after only a few months. This happens when they lose their money. Their problem is that many of them do not have a forex trading plan. Well, follow the following forex trading plan, and you will realize that you can be a forex millionaire.

3 Tips to Become a Forex Millionaire with $100

Tip 1 Educate yourself about Forex trading

  • Becoming A Forex Millionaire with $100. All information about forex trading is available online and for free.
  • Choose a forex trading system that fits your personality, way of thinking, and style.
  • This forex trading system you will choose should include a 2-month money-back guarantee. With this step, you will be able to try the forex trading system and if it does not work, you can get a refund.
  • It is important to realize that making the right choice of forex trading system is very essential. So you do not need to rush to choose.
  • Read a lot and a lot about the different Forex systems out there in the market.
  • Select at least 3 forex systems that are the best.
  • These systems should be easy and don't last forex trading more than 3-4 hours for daily trading.

Read Also: How to trade forex with $100

Tip#2 Test the best Forex trading system


Becoming A Forex Millionaire with $100 After trial and testing of the forex system for at least a month. And if you find it difficult to trade forex, look for a refund. Choose Forex System No. 2 in your choices. After testing one or two forex trading systems, you will surely find a forex system that suits you on your demo account and which should have brought you a monthly return of 100%.


Tip 3 Becoming A Forex Millionaire with $100

Now, you are not going to create a standard account and trade forex instantly. But what you will do is to trade the micro contracts after you deposit $100 into the micro account. Your goal is to achieve a monthly return of 100% or more. Realize that 10 cents are the value of one pip when you trade forex on a micro lot. So, losing $1 is your loss of 10 pips. However, for a standard contract, if you lose $100, that means you've lost 10 pips.

How to make money from $100 in forex trading in a month


How to make money from $100 in forex trading in a month


What you want to do is double your $100 in forex trading in one month. Here you must achieve a monthly return of at least 100%. As we mentioned, losing 100 points in your micro account means you will lose $10. Therefore, when you trade forex on a micro account you are safe. So test the forex system on a micro account, and if you don't find the 100% monthly return, get the money back and try the second system on your list.


Immediately if you find a forex trading system that brings you 100% monthly return, this system will make your trading $100 in forex to $200 in one month. Thus in the second month, trading $200 in forex will double to $400 by the end of the month.


Risks of trading $100 in forex


At this point in Becoming A Forex Millionaire with $100....you need to switch your account to a mini forex account as the $100 trading risk should become reality. 1 point on your mini account equals $1. With this same forex trading system, you can now turn $400 into $800 in your fourth month of $100 forex trading, and from $800 into $1,600 at the end of your fifth month of forex trading.


Summary

Don't be hasty. During the five months, you will learn how the forex markets are changing and how your forex trading system works. When the forex markets change you will also know if your forex broker is good or not, what forex leverage you should use and how to manage your forex trading risk. Now, you have earned $1600 in your forex account, you can switch to a standard forex account and start dreaming of achieving 100% monthly return. Make the accurate calculations, you will become a forex millionaire with $100 within the next few months.