Tactics – Quickly Increase Your Forex Deposit, Expert Advisors, and Indicators
The main problem that most traders starting out in Forex face is a lack of
funds for trading.
Some people have only a few hundred dollars in their accounts, while others have much less.
There is only one way to solve this problem: by increasing the deposit.
Forex deposit boosting is a rather risky tactic that allows a trader to increase their deposit several times over in a short period of time.
In fact, this is scalping , all profits from which are added to the main account amount and then used in trading.
Trading is conducted on a one-minute M1 timeframe, with trades lasting no more than a few minutes. You must catch a move in the direction of the trend and close the trade at the slightest hint of a pullback, as your position may not withstand a counter-trend swing.
If you find it difficult to work on M1, you can choose a time frame with a longer duration.
The best asset for increasing your Forex deposit
Firstly, I would like to point out that this tactic is most effective on the foreign exchange market, as it offers the most favorable trading conditions and there are more companies that allow 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 would be: EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, EUR/GBR, EUR/JPY, EUR/CHF, EUR/AUD.
Don't forget to check the current spread for these currency pairs yourself. Ideally, it shouldn't exceed 1 pip, which is only possible with brokers with floating spreads.
To control the spread size, it is best to use a special indicator - https://time-forex.com/indikators/indikator-spred
We use brokers that allow scalping ; they don't limit the minimum duration of trades or the number of trades per day. Otherwise, you risk account blocking for violating trading terms.
In addition, it is advisable to use accounts with five-digit quotes; this will make the trading process more convenient.
A simple technique for increasing your Forex deposit
1. Open a demo account with the same amount and leverage as your live account. For example, if you have a deposit of $1,000 and leverage of 1:500, repeat the same steps on the demo account. This is necessary for finding the most favorable entry points.
2. Determine the main trend direction. Forex indicators can be used for this purpose. Simultaneously, check the price movement on M5, M15, and M30 timeframes. It's best to spot moments when the trend is the same on all these timeframes.
3. Open a trade in the direction of the trend on a demo account, in our case, with a volume of approximately 0.3-0.4 lots. Then, observe what's happening in the terminal. If the trade starts to generate profit, choose the moment of price pullback, when profit has dropped to a minimum and then gradually begins to increase, and open a similar trade on a real account.
4. Close the position without taking too much risk, taking 50-100 points of profit; the approximate size can be calculated by analyzing the trend dynamics on the demo account.
5. Once the profit has reached 50% of the deposit amount, increase the volume accordingly and continue trading.
When accelerating your Forex deposit, you should follow several rules: don't trade using this method for more than one day; if your trades are constantly losing money, stop trading; and constantly monitor the floating spread for the currency pair you're using.
A no-deposit bonus offered by some brokers is also suitable for training - https://time-forex.com/bonusy-forex
- Forex Deposit Growth Advisor - https://time-forex.com/sovetniki/urdala-trol
- Indicator - https://time-forex.com/skalping/crane-scalper
