How To Turn $300 Into $1 Million in 1 Year With Forex Signals?

How to turn $300 into $1 million in 1 year with forex signals? Yes, this is the topic of this blog post. In this post, we will discuss a simple forex strategy that if implemented correctly can make you a fortune in just 1 year. Many new traders are wasting thousands of dollars on buying expensive forex courses, forex systems and forex software with the hope of finding the holy grail that will make them rich. But after spending thousands of dollars, most find that most of these courses or systems don’t work or even if they work, the results are mediocre.

Let’s be very clear from the very start! Learning forex trading requires a lot of determination and effort. It is risky as well. You can make money with FX and you can lose your money too. So, what you need to learn is a simple FX strategy that allows you to start from a very small amount and then grow it to a bigger figure. Many trading gurus will advice you to start trading with at least $5K to $10K equity in your account. Nothing can be further from the truth. What you need is strategy that does not need more than $300 to start with and after that it is you and your trading skills that will grow that small amount into a fortune over time.

Developing the skills to read the charts on the different timeframes and doing the technical analysis requires practice. Many pro traders don’t tell that they took years to develop that skill. So, this is what you need to do. In the beginning, just follow the trades being made by experienced traders and learn how to enter them correctly in your account to make something like $4K-$5K per month. This will give you the financial cushion and once you achieve that broaden your horizon. So this is what you need to do. Start small. Learn how to make $5K per month. Once you have done that you can broaden on that.

Trading with Forex Signals gives you the opportunity to trade FX without doing your own technical analysis and make money. The pro trader sending the forex signals is going to do all the hard work. You will just copy the forex signals. The first step in this strategy lies in finding a signals service that works and make around 50-100 pips daily. There are now many FX Signals Providers that you can test on your demo account for a period of 60 days. Do that! If the FX Signals don’t work, simply go for the refund and test another signals provider. After a few attempts you will find a signals provider that will work.

First test the signals on your demo account for one full month. This is must. At the end of the month note the win rate as well as the max drawdown during the month. You don’t need to make many pips. Just target two pairs and try to make something like 50 pips daily. Also note that the stop loss used in the signals is not more than 20-30 pips. There are many signal providers who are using a wide stop loss like 50-100 pips. Avoid using those signals. Go for a FX Signals Service that uses an average stop loss of 20-30 pips and the risk/reward ratio is not more than 1/2.

Once you have discovered such a service, make a deposit of $300 in your account. Making 50 pips daily means making more than 1000 pips per month. Use a lot size setting of 0.03 lot. At the end of the month with 1000 pips, you will be making $300 net profit. In the next month, double the lot size to 0.06 lot. At the end of second month, you will have $1,200 equity in the account. Just keep on making 1000 pips per month and keep on doubling the lot size at the start of each month, you will reach your goal of $1 million in 12 months. Do the maths, it works out like this. Just make 50 pips daily and that it. Everymonth double the lot size and you will see an explosive growth in your account equity with just a small deposit of $250-$300. This should be your forex signals trading plan!

3 Comments

  • Taiwo

    March 28, 2012

    Hi Ahmad,
    Which is the best forex signals provider you have used that is reliable and consistent.

    • admin

      April 20, 2012

      Hi Taiwo, there are a number of good forex signals provider. The best signals are those that are set & forget and are sent daily around a fixed time only once. Just follow these steps to find which one works best for you:

      1. First check whether the forex signal provider gives 60 days of no questions asked money back guarantee.
      2. If there is a money back guarantee, test the signals on your demo account.
      3. At the end of 30 days, check the win rate of the signals.
      4. If the win rate is above 80%, further test the signals for one more month.

      If you get good win rate that is above 80% for two months, you can think about trading live with the forex signals. If the win rate is less than 80%, get a refund and try another one. I hope it helps.

      Best Regards
      Hassam

  • Roland

    October 15, 2014

    I’m interested to testing this forex signals