Small Trading Account Challenge 50$ - Part 1 - Forex and Stock Market - Forex Day Trading

Can i make money using just 50 dollars?
Download Official Trading Rush APP (Thanks): https://bit.ly/tradingrushapp
Support the Channel on Patreon (Thanks): https://www.patreon.com/tradingrush
Trading Merch for Best Traders: https://teespring.com/stores/trading-rush
MACD Trading Strategy tested 100 times : https://youtu.be/nmffSjdZbWQ

Trading Strategies Tested 100 Times : https://www.youtube.com/playlist?list=PLuBdu9GKAoP4shAZd6QnM5BJUy1-IcnyD

Trading Strategies : https://www.youtube.com/playlist?list=PLuBdu9GKAoP6MEtX7stfzTGx62M5r3F4Z

Trading Tips and Mistakes : https://www.youtube.com/playlist?list=PLuBdu9GKAoP6lPl2txSXE8AlkhiwgWU2O

Download Excel Sheet for Day Trading : https://youtu.be/fLKd7uKZOvA

Subscribe For More Videos.

How long will it take to turn 50 dollars into 100 dollars, or maybe even more? Is trading with 50 dollars even possible? Well well well. Starting today, I'm starting a new series on this channel, the small account challenge series. You might have seen some traders on youtube, do similar thing, where they turn a very small amount into a big one.

 I'm starting this challenge, with not 1000 dollars, not 500, but only 50 dollars. On this Trading Rush channel, we have tested many different strategies 100 times, to show their real win rate, because no one wants to risk their money on a strategy that doesn't even work. The goal of this 50 dollars challenge series, not only will be to entertain new traders, but also educate and try to show how many losing trades you can expect in a profitable trading strategy. This series will also try to show the importance of money management and trading psychology. 

We will try to set realistic goals, and we will try not to blow up our accounts. We will try to do what 90 percent of trades can't do. Make money in Trading.

Also, in this 50 dollars challenge series, when i talk about my profit, try to focus on the percentage gain, and not the amount in dollars. Since, I'm starting with only 50, 5 dollars gain, will be a 10 percent profit. 10 percent profit in 1 or few days, is really good. Mutual funds only give around 15 percent profit in an entire year.

so lets see what trades I took using 50 dollars as my starting balance. I started this challenge on Monday. I was only using strategies that We have tested 100 times on this channel. In the first few hours of the challenge, I was trading on 15 min time frame, and was using the MACD strategy. Since we tested that strategy 100 times, and saw it's real win rate, I was aiming for a win rate of 50 to 55 percent. MACD strategy is one of the best trading strategy out there, so I was hoping to easily get 50 percent win rate. With risk to reward of 1 point 5 to 1, I should be able to make money. And with maximum risk of 2 percent per trade of course.

On 15 min time frame, I won the first trade. But then lost 10 trades in a row. Not one, not 5, but 10 in a row.
This was not really the fault of the MACD strategy. It was my fault. I made a mistake of trading on this small account, like my bigger account. I made the mistake of taking 10 trades on similar Forex pairs, at the same time. Since Forex pairs are related to each other, most of them move in the same direction. For example, if AUD JPY is going down, AUD USD will most likely go down.
When i took 10 trades at the same time, two things could have happened. I could have won most of the 10 trades, or could have lost most of the 10 trades. In this case, I lost.

Then, to recover this loss, I switched from 15 min to 1 min time frame. By switching to a smaller time frame, I can increase the frequency of the trades. In other words, I can take more trades in a shorter amount of time. It was necessary to recover the loss quickly, since i can't risk more than 2 percent of my account on a single trade. If I risk anything more than 2 percent on a trade, I will have a higher chance of blowing up my small account. And that will be a shame.

Since I was only using one strategy, most of my trades looked very similar. Here' are some screenshots I took after entering the trades.

I will do a weekly update video of this 50 dollars challenge, and will show you how much money I made in a week, using this 50 dollars. If you want me to make videos on this small account challenge series more frequently, comment below. But, If you are supporting this Trading Rush channel on Patreon, you will get to see the positions of this small account challenge every day. Thanks again for supporting the channel on patreon. You make these videos possible.

Thanks to Thomas Richardson, for becoming the first Patron to support the channel.

See you all in the next video, where we test another trading strategy 100 times, to see its real win rate.

After all, we don't want to risk our money on a strategy that doesn't even work.

Thanks for watching, and

subscribe for more videos.

Don't forget to ring that notification bell as well.

Видео Small Trading Account Challenge 50$ - Part 1 - Forex and Stock Market - Forex Day Trading канала TRADING RUSH