Tutorial – How to Make Money in Forex With a Beginners Budget

So you’ve recently made the decision to start trading some Foreign currencies in order to make some extra cash, but you’re just a beginning and you’re also balling on a budget. No worries, In the video above and in this post, I’m going to teach you how to Profit in the Forex Markets with a Beginners Budget

The biggest misconception that most Beginning Forex Traders have which holds them back from ever starting is the belief that you need a lot of money to make money. They watch a few videos on Youtube from a “pro trading guru” who shows off his big accounts and trades and it makes the task daunting. Or maybe they see people on social media moving large sums of money which makes them feel like they need to do the same thing.

“97% of the people who quit too soon are employed by the 3% who never gave up.”

When I have conversations with Beginning Traders, I hear the same thing over and over again, “I want to make money as a Forex Trader, but I don’t have thousands of dollars to do it.

Well, I have good news for you my friend, You don’t need much to start!

How Much Money Do You Need to Start Trading Forex, Even on a Tight Budget?

Now, I could just give you any small specific dollar amount you need to get started. 500 bucks, 250 bucks, hell, even 100 bucks, but then I’d be doing you a disservice. Because for some people, 1,000 bucks is a large amount of money and for others, 10,000 bucks are. Everyone’s got a different “money thermostat.” In other words, they’re comfortable at different temperatures. So how much is enough? Well, that’s completely up to where you lie on the money thermostat.

Answer: However much you have to spare, is enough, and that could be with as little as 100 bucks (although I always recommend starting with more if you can, which is just safer when it comes to risk management)

Still, you don’t need a lot to start and you sure as hell don’t need 10’s of thousands of dollars to make 10’s of thousands of dollars.

How Any Beginner Can Turn a Tight Budget Into a Small Fortune

There are 3 principles that are universally true that you can start applying right now in this very moment to start making money as a Forex Trader, even if you lack knowledge, skills, and a lot of money which I’ll layout for you.

1. Start Now

Starting anything is uncomfortable. A diet, a new workout program, a new job, moving to a new city, starting over from scratch. But I want to share something with you that changed my life, an old phrase that goes like this, “There ain’t no growth in the comfort zone and there ain’t no comfort in the growth zone.”

Uncomfortable is an indicator that you need to start and what begins to happen over time, through small daily actions is that what used to be uncomfortable begins to get easier and easier, which means you’re getting better and better.

When I got started trading I took 500 bucks, that’s all I allocated for myself to trade with; I wanted to be responsible with what little I would trade with.

“If you Don’t find a way to make money while you sleep, you will work until you die.”

And I figured, whether I make more money or lose it all (which of course wouldn’t be fun) I was paying to learn and eventually earn. Either way, I went in with the mentality that no loss would break me and if I won, that was just icing on the cake. It allowed me to keep my cool when I wanted to crack and quit…

This leads me into my next point.

2. Treat it like a Career

Have you ever had a job? Did you ever have days where you just didn’t feel like getting your ass outta bed, getting ready, getting into your car and going to work? I think we’ve all been there.

But, in those days, along with the rest, you go anyways right? Why? For most people, and probably including you, you simply can’t afford not to go to work. You work for someone else and for that reason, if you just don’t show up because you don’t feel like it, it’s likely you’ll be fired.

“When Your Trading is more important than a party, Welcome to the 1% club.”

So instead of losing your job, you opt to show up. It’s called discipline and commitment. And for many people, they aren’t seriously committed to their job more so than they’re committed to their paycheck. Could you imagine what your actual income as a Forex Trader would look like if you simply treat your trading like a job? If you were disciplined enough to show up and learn every single day as you do to your job, especially on days you don’t feel like it?

What if you treated it better than you treat your job? “If you treat it like a hobby, it’ll pay you like a hobby, treat it like a business, it’ll pay you like a business.”

3. Compounding Growth

There’s a tool that I’ve learned few traders ever use and have the patience for, it’s called a “Compounding Calculator,” which is what I’ll be sharing in the video above.

When you use a tool like this, you’ll begin to realize that it doesn’t matter how little money you start with (even $100 bucks) if you just start and show some discipline within a few years, any beginning forex trader can turn their small budget into a small fortune.

Go ahead and watch the video to learn more.

In the meantime, if you have any questions or want to reach out to learn about how we can partner together CLICK HERE. Also, if you want more in-depth training in Forex, download my newly released book titled, Secrets From a High School Dropout: An “insider” Short-Guide to Becoming a Pro-Forex Trader EVEN if You’re a Complete Newbie