The Path to $20,000/Month as a Forex Trader (2024)
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- Опубликовано: 14 июн 2024
- In this video, I take you through the whole process from making your first $1,000 in the markets to scaling up to $50,000+ per month in the markets.
You can learn my trading strategy here: www.lynktrading.com/
My other platforms:
Instagram: / willssforex
Twitter: / willssfx
Mentorship: www.lynktrading.com/
Timestamps:
00:00 Intro
02:50 Why $20k Per Month?
07:23 Phase 1 - $0-$1k Per Month
14:21 Phase 2 - $1k-$10k Per Month
22:03 Phase 3 - $10k-$50k Per Month
32:15 Phase 4 - Passive Income
37:00 Phase 5 - Setup a Business
Trading is a one person business which fits my personality and circumstances. Scaling is probably the most important aspect of it. Introverted people will understand how great an opportunity it is to trade regardless of how much capital you start.
yeah, another way of looking at this is, as we enter an era where starting a business is getting costlier than ever, getting into trading seems like a viable path
Thanks a lot the valuable information again Will!
Excellent video
spot on advice
thanks for this. all the businessmen think alike 👍
Thank u for sharing such valuable information. Can u also plz bring back live trading 🙏🏽🙏🏽🙏🏽
Thanks bro ❤
Please do a video on tax for traders
do you only trades just GBP USD? or do you still dabble with gold
thnxxxx
Which trading broker do you recommend?
I thought spread betting in the UK was tax exempt, it's different with prop firms?
I just want to know how much tax do you pay in your trading profit?
15:12 do you still recommend trading just with one firm? especially during these situations
can you make a video of: How to Actually become profitable trader, what we have to do, to become profitable
It is not clear what we have to do in order to become profitable
what’s broker do you use for a personal account
don't ask guru's.. searsh by urself what's best for u . if u re not in the U.S , try fusion markets , i use it personally.. or ic markets..
does he have 5 200k accounts?
Keep up the good work my man ✌🏼
Appreciate it
I am only profitable when I use multiple accounts one accounts there is too much pressure have a swing account and day trading account as minimal and you can have one that accumulates the long term trend and the other you can take trades in between
Thanks for sharing
Please do you think some propfirms are actually A booking some of theirs traders?
Would like to hear your opinion on that
Doesn’t really matter, just milk them
Just milk them bro
Why did you say you wouldn’t recommend people to start trading? When it has served you so well?
if you are a UK resident, how you are managing your (HIGH) taxes. A limited company is an option?
I live in Scotland and the taxes are soo high it’s unbelievable. You’re talking 48% for anything above £125,000. I couldn’t live with myself giving half my money away, when I get to those numbers I’m moving out of this country as soon as possible. It’s a joke
Im also in the UK it's crazy out here but i have seen that with a LTD company it goes down to around 30% tax at £120k per year @connorl7432
Would you recommend FTMO as a prop firm that will payout more then 900k?
What is the sense of this question?
@@chrisspire Will they actually pay me that ammount or is there a limit to each person how much money they can get payed out from FTMO
Reality check! Nice one on the vid
the fifth one
Which do you think is the better trade copier now ?
Traders connect are pretty good
Using multiterminal in MT4 would be good also. If you can't bear to see big numbers fluctuating then you can divide that to multiple accounts ex. 10K USD / 10 accounts for 1K ea. It will mirror your trades on those accounts.
4:57 pressure makes diamonds
again with the long chit-chats with camera videos?
thats the trading videos is nowadays. Generic TA > ICT > then all videos about mental because their mechanical trading style doesnt always win but they still need content..
I actually enjoy these videos... It actually helped a lot with my psychology
First!
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Third!!!!
In my country 0% tax😂
this is just common sense tips
second!
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sixth
Answer to video title is easy - have a 300k trading accaunt.
Bro look like a timid serial killer