Tactics – quick acceleration of the deposit on Forex, advisors and indicators
The main problem that faces most traders starting their journey in Forex is the lack of
funds for trading.
Some people have only a few hundred dollars in their account, while others have a much smaller amount.
In this case, the problem can be solved in only one way - by accelerating the deposit.
Accelerating a deposit on Forex is a rather risky tactic, which allows you to increase a trader’s deposit several times in a short period of time.
In fact, this is scalping , all profits from which are added to the amount of the main account and then used in trading.
Trading is carried out on the M1 minute time frame, the duration of transactions is no more than a few minutes. You must catch the movement in the direction of the trend and close the deal at the slightest hint of a rollback. Since your position may not withstand fluctuations against the trend.
If it is difficult for you to work on M1, you can choose a time frame with a longer duration.
The best asset to accelerate your deposit on Forex
Firstly, I would immediately like to note that this tactic is most effective in the foreign exchange market, since this is where the most suitable trading conditions are available and there are more companies that allow you to open short-term transactions.
The main criterion for choosing a trading instrument in our case is the spread; the smaller it is, the better.
The most acceptable options will be EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, EUR/GBR, EUR/JPY, EUR/CHF, EUR/AUD.
At the same time, do not forget to check for yourself what the current spread size is for these currency pairs. Ideally, it should not be more than 1 point, and this is only possible with brokers with a floating spread.
To control the size of the spread, it is best to use a special indicator - https://time-forex.com/indikators/indikator-spred
For work, brokers that allow scalping ; they do not limit the minimum duration of transactions and their number within one day. Otherwise, you are in danger of having your account blocked due to violation of trading conditions.
In addition, it is advisable to use accounts with a five-digit quote, this will make the trading process more convenient.
A simple technique for accelerating your deposit on Forex
1. Open a demo account with an amount and leverage equal to the real account, for example, if you have $1,000 on deposit and the leverage is 1:500. We duplicate the same thing in the demo. This is necessary to find the most successful entry points into the market.
2. Determine the main direction of the trend; for these purposes you can use Forex indicators, and at the same time check where the price is moving on M5, M15 and M30.
It is advisable to catch moments when the same trend direction is present on all these time frames. 3. On a demo account, we open a trade in the direction of the trend, in our case with a volume of approximately 0.3-0.4 lots.
And we begin to observe what is happening in the terminal. If the transaction begins to bring profit, we select the moment of the price rollback, when the profit fell to a minimum, and then began to gradually increase, and open a similar transaction on a real account. 4. We close the position without taking much risk, taking 50-100 points of profit; the approximate size can be calculated by analyzing the trend dynamics on the demo account.
5. After the profit received has reached 50% of the deposit amount, we increase the volumes accordingly and continue trading.
When accelerating your deposit on Forex, you should follow several rules - do not trade using this method for more than one day, if transactions are constantly going negative, stop trading, constantly monitor the floating spread for the currency pair you are using.
A no-deposit bonus provided by some brokers is also suitable for training - https://time-forex.com/bonusy-forex
- Advisor for accelerating deposits on Forex - https://time-forex.com/sovetniki/urdala-trol
- Indicator - https://time-forex.com/skalping/crane-scalper