The Best Way To Get Started As A Trader In 2022!

So trading has always been one of those things that stereotypically people think you need tens of thousands, if not hundreds of thousands of pounds to invest in, and you need to spend years of your life learning the craft. Now, this was very much true back in the day. It was very, very difficult to get into trading. You did need tons of money, but now times have changed. The industry has moved on leaps and bounds, and in my personal opinion, I believe that trading using this specific formula can provide the best return on investment that any investment or any high-income skill can return. So in this video, I'm going to show you exactly how, step by step, if I was starting again, how I would get into trading, how I would fund my accounts, and ultimately how I would scale up. Stick around and I'm going to show you the exact formula that I would be using if I was starting right now. If you want to become a trader, how you want to get started as a trader, you need to be finding a strategy, okay? If you don't have a strategy, you can't make money, okay? Pretty self-explanatory. So essentially what strategy is, it's a set of rules, it's a way in which we trade that allows us to find trades within the market. Okay, we're looking for a specific pattern, a specific way that the market moves, specific things within the market that essentially say to us, okay, well, if this happens, then we could potentially be finding a trade and we could make profit this way. Okay, now in my years I've used many different strategies, I've analyzed many different strategies. I've taught a lot of beginners, and the best way that you can start as a trader is to be using and to be learning a high risk-to-reward strategy. Okay, now essentially what this means is it means that the ratio of how much you're set to win as opposed to how much you're set to lose, um, is of course positive. Okay, so what we can see here is this is what we would call, uh, the just a short position tool. Again, it doesn't doesn't really mean much. Okay, so what this essentially means is that if we were to be risking 1, we'd be looking to gain 1. Okay, so if we were to lose 1, we're risking 1%, we look to gain 1%. Now essentially what this means is it means we have to win more trades than we lose in order to make money. Okay, again, pretty simple maths. However, with our trading strategies, we can find a strategy that has much greater upside with a much more controlled downside. Okay, so typically what I would recommend as a beginner is to be looking for a trading strategy that gives you a risk to reward of 1 to 3. Okay, so we can see here, look, 1 to 3. So essentially this means that if we risk 1%, we're looking to gain 3% when our trade goes into profit. This essentially means that we can lose the majority of our trades and we can still make money. Okay, well, why is this good for a trade— a beginner trader? Well, because naturally your win rate, your strike rate, is going to be lower when you get started as a beginner. Okay, you're naturally going to be losing a lot more trades you're going to be winning. Okay, so what you want to be doing is you want to be putting the odds in your favor and the chances of you making money in the best possible, um, in the best possible way. Okay, so The best way in which I found to find a good high risk to reward strategy is to be trading something called supply and demand. Okay, now supply and demand is essentially a tool, a piece of analysis that we use that allows us to identify when we have the big players, the big institutions stepping in and executing orders within the markets. Okay, now of course the benefit of doing this allows you to have an easy high risk to reward strategy. Okay, now when you have this strategy, you typically want to be looking to aim to be gaining between sort of 8 to 10% a month. If you can consistently hit 8 to 10% per month, you're on a very, very good, um, run rate in order to leverage what we're going to— going to look at in step 2, funded accounts, and be able to actually generate a full-time income from trading. Okay, so this is just a quick snapshot from last week's trades that I had um, using the sort of simple supply and demand strategy that we're using. I'm not going to go into the strategy too much because I don't want to blow your head off and get you all confused, but typically what I'm looking for here is I'm looking for a 1:3 risk to reward from my supply and demand zones. Okay, very, very simple stuff. Okay, so again, what we can see here is this was, uh, 8th of June, so last week, first trade of the week here. I've entered from this supply zone here Again, we can see there was institutional selling from this area because we had a big increase in volume. We then saw a break of structure, okay? So we could see the market was moving to the downside, so I'm actually wanting to look for sell positions from up here. What we can see is I entered at this position here, I risked 1%, and my TP was hit, okay? My target was hit at 3%, okay? So this trade was a 1:3 risk to reward. So I risked 1% and I actually gained 3% because the trade was a winner. That's the first trade. We didn't really have anything going through this— these couple of days here, or this day here, until this level here. Okay, so then I had another position. Okay, this was later on in the week, so this was the 9th. Another position from this demand zone. Okay, what we can see here is I risked 1% and I gained, uh, 3% off of the back of that as well. Okay, so I've now won 2 out of 2 trades. Both of them I've risked 1%. Both, both of them I have gained 3%. So at the moment I'm currently 6% up for the week. We then had the final trade of the week. Um, this came on Friday. Again, we've got another supply zone here. Why do we trade supply zones? Well, because it gives us a high risk to reward, okay? And in this scenario, I entered here on the supply zone. I put my stop loss just above, okay, to make sure I'm not losing more than I want to lose. I risk 1%. So if this trade was to hit stop loss, I'd be losing 1%. And in this case, I was able to get a 1 to 4.42 risk to reward. Okay, so I risk 1%, and if it goes to target, I look to gain 4.42%. As you can see here, we came off of that supply zone and we ended up hitting our take profit for 4.42%. Okay, so just in this week alone, or just in last week alone, I was able to generate just over 10% using this strategy. Okay, so like I said, when you're getting started, it's imperative that you're looking for a strategy that gives you a high risk to reward because that allows you to lose more trades than you win and still be profitable. Okay, now the second step. Once you've learned this strategy, once you've got comfortable with a strategy that allows you to consistently make between 8 to 10% per month You want to be able to leverage that strategy, okay? You want to be able to leverage that strategy so you can actually go and generate an income. Now typically what would happen with most sort of traders and the way in which most people believe you have to trade is you have to obviously learn the strategy and then you have to go and put your own money into a trading account. And yes, that was how I started and that's how a lot of people started, but again, like I said, the industry has moved on leaps and bounds and there's new ways that we can leverage our skills to make much more considerable profits in a much safer way. So step 2 is to be looking to get funded. Okay, so there's many, many companies that offer funding. So one is FTMO, the other one is MyForexFunds. Okay, so these are two very, very reputable companies. They've got a fantastic track record. They're two companies I would trust, um, trust very much. Now, essentially what they do is they allow profitable traders to trade their capital. Okay. And then you obviously just take a percentage split of that money. So once you're profitable, you can then come to FTMO, for example, and you can go through what is called a two-stage verification process. Now, the two-stage verification process is essentially where you just have to prove your abilities to the funding company so they can say, okay, yes, George, he is profitable. We can see that. We've got his stats and his statistics here. We're happy to give him some money to trade. Okay, now there's a number, number of accounts and a number of ways you can do this, but essentially what you have to do is you come on board, you obviously select your currency. Okay, so again, I'm from the UK, so I'll set GBP. You've got a number of different accounts, but we'll go normal for now, and then you can select your balance. Okay, so again, with FTMO, you can go from anywhere from 10,000 all the way up to £140,000. And if you see here, you have a small fee. Okay, so for a £10,000 account, you're only looking to pay €155. Okay, so again, off the top of my head, I think that's just about £100. Okay. All the way up to £140,000, where it's €1,080, so about £900 you'd be looking to pay for that £140,000 account. Now what happens is, once you pay for this, once you pay to do the challenge, You essentially just have to complete these two verification stages here. Okay, so in stage one, you have to, you have 30 days, okay, to hit a total of £14,000 in profit. Okay, so if you're on £140,000, that's essentially 10%. Okay, so within that 30 days, you have to hit a profit target of £10,000. Okay, this essentially tells the funding company that yes, you are profitable. And you have to do this without exceeding the daily and the maximum loss limits. Okay, so again, this is why the risk to reward is so, so essential. Okay, you have to be able to control that downside whilst maximizing the upside, which is why a solid profitable strategy with high risk to reward is so important. So you pass stage 1, you hit that 10% without exceeding the daily loss limit. The minimum trading days, you have to be trading for a minimum of 10 days, but you have a total of 30 days to do it. Fantastic. You pay to do it, you pass stage 1. Once you've passed stage 1, you go on to stage 2. Okay, so in stage 2, you've essentially got double the time, so you've got 60 days to pass stage 2. You've also got the 10 days minimum, but this time instead of having to hit 10%, you just, you just have to hit 5%. Okay, so you've got double the time, you've got hit half the target. Again, all this is then— all this is allowing them to do is assess your long-term profitability. Okay, once you've passed both stages— this is the good bit— once you've passed, passed both stages, you then go and get funded. Okay, so any profits that you then make on that account, you'll keep 80% of. Okay, within that first payout— okay, so say for example you get the funded account, you make 10%, you have a payout of, I don't know, £8,000, something like that— within that first payout, the fee that you had to pay for the account up front also gets refunded to you. Okay, so we can see that it gets refunded. Okay, so essentially you've then got a trading account that you can make real, very, very good profits on for free. Okay, so you haven't had to pay a penny for that at this point. Okay, yes, there's of course the, the potential of you failing these challenges, but that's why having a solid strategy in place is so important to start with. Now again, you can use MyForexFunds. They're very, very similar. The only real benefit to MyForexFunds is The evaluation percent for Phase 1 is just 8% as opposed to 10%, and the, the accounts are slightly cheaper. Okay, so it's slightly less expensive to actually do the, the evaluation phase. Now once you're funded with these accounts, once you're funded with these accounts, that's when the world is your oyster. With that strategy that's allowing you to make 8 to 10% per month. Let's say hypothetically you go for the £140,000 trading account. So if you look at £140,000 trading account, let's say for example you make 8%, okay, let's be conservative, okay, you make 8%. So that's £11,200 profit that you've generated on that account, okay. So you've made £11,200 profit. Of course you don't keep all of it, okay. Of course FTMO, they want to be making their cut from, from allowing to use that capital, but you'll keep 80% of those profits. Okay, so if you keep 80% of that £11,200, you're then set to be making £8,960. So the return on investment is almost infinite, okay, because essentially you haven't paid a penny to get this account. Okay, so again, in a nutshell, all you have to do is you find a strategy that allows you to make between 8 and 10% per month You get comfortable with that strategy, you get a couple of months behind you in consistency, okay? You can even do some free trials of this process, okay? So you can go and do a simulated version of this, of this test where they'll just evaluate you on a demo account. You don't have to pay anything, and at the end of it you're not going to get funded, but it allows you to go through that process. You get nice and comfortable with the strategy, okay? You get nice and comfortable with the strategy, you can consistently trade on demo account, you can consistently generate returns. Once you feel comfortable, once you've passed a number of these free trials, you can then go for the real thing. You can select an account size that is obviously relative to your budget. Okay, it could be £10,000 and it only costs around about £100. Okay, you then get your first couple of payouts on the account. In majority of cases, I believe that getting these payouts would far exceed what 95% of the UK population will be earning from their current salary anyway. From this point you can then can start to consider going full-time. Now like I said, the industry has changed tons in the last few years and it's now easier than ever to become a full-time trader using this exact formula. So I hope you've enjoyed the video. I hope I have opened your eyes to the true opportunity of what trading can produce in today's day and age. Now if you would like some more information on how myself and my team can help you learn those strategies that allow you to make 8-10% and provide you that mentorship to ensure that you reach your goals of hitting a funded account and getting those payouts and becoming a full-time trader, I've actually put a short free case study together where I essentially explain exactly how we can work together, show you some of the results that my students have currently got. So if you click the link in the description, you'll be able to jump onto that. But that is it from me for this video. Make sure to like, comment, If you have any questions below, and make sure you subscribe, but that's it for me and I'll see you in the next one.