I Make $45k Per Month Trading One Simple Strategy. (Live Trade Results)

2 min read 2 hours ago
Published on Oct 09, 2024 This response is partially generated with the help of AI. It may contain inaccuracies.

Table of Contents

Introduction

In this tutorial, we'll explore a simple and effective trading strategy that can potentially earn you $45,000 per month, as demonstrated by Garland Trader. This approach is designed for trading indices like Nas100 and is suitable for both futures and CFDs. With just 45 minutes of execution time each day, this strategy is replicable and easy to implement. Let’s break down the steps to get you started with this trading method.

Step 1: Understand the Trading Environment

  • Choose your trading platform where you can trade Nas100, such as a CFD or futures broker.
  • Familiarize yourself with the trading interface and tools available for technical analysis.
  • Ensure you have a reliable internet connection to execute trades efficiently.

Step 2: Identify the Trading Pattern

  • The strategy relies on recognizing a specific trading pattern that occurs consistently.
  • Spend time observing historical price movements of Nas100 to identify this pattern.
  • Key indicators to look for include:
    • Support and resistance levels
    • Trend reversals
    • Volume spikes

Step 3: Set Up Your Trading Plan

  • Define your entry and exit points clearly.
  • Decide on your risk management strategy:
    • Determine the amount of capital you are willing to risk per trade (commonly 1-2% of your trading account).
    • Set stop-loss orders to minimize potential losses.

Step 4: Execute Trades

  • Once you identify the trading pattern, execute your trades based on your trading plan.
  • Monitor market conditions closely for any changes that could affect your positions.
  • Use a trade journal to document your trades and the reasoning behind each decision.

Step 5: Analyze and Adjust

  • After each trading session, review your trades to identify what worked and what didn’t.
  • Adjust your strategy as necessary based on your analysis.
  • Continuously educate yourself on market trends and trading techniques to enhance your skills.

Conclusion

This straightforward trading strategy offers a path to significant earnings with just a small time commitment each day. By understanding the trading environment, identifying patterns, setting up a solid trading plan, executing trades carefully, and analyzing your performance, you can improve your chances of success. Remember, consistency and discipline are key to becoming a proficient trader. Consider joining trading communities, like the one mentioned in the video, to share insights and gain support. Happy trading!