#426: Why You Don’t Need Money to Trade

Why You Don’t Need Money to Trade  Podcast: Click Here To Learn More About Blueberry Markets Click Here To Learn More About Echo Trade Copier Click Here To Watch Ryo’s Testimonial Click Here To Learn Check Out FPA reviews Click Here To Learn More About my TFTC Forex Coaching Course #426: Why You Don’t Need Money to Trade In this video: 00:29 – The perception that you need a lot of money to trade 02:46 – I’m looking at starting a lower cost course. Are you interested? 03:54 – Blueberry Markets will extend their Echo Trade Copier offer 05:15 – A new video from Ryo on our Testimonials page 06:09 – Great new reviews on the FPA site 06:52 – Live trades on live webinars, 4/4 Profitable trades 07:52 – Get involved I'm going to explain to you why you actually don't need money in order to trade properly. Let's talk about that and more, right now. Hey traders, it's Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 426. The perception that you need a lot of money to trade I've got six things I want to talk to you today about, so lots to cover. First thing is about the common perception that people have. They think they need a lot of money in order to trade. The reality is, you don't. Sure you need to learn how to trade, but in terms of having a massive account size once you know how to trade, you don't need to. A lot of things you can do. One thing you could do is have a subscription service and sell trading signals, exactly we do for our Echo Trade Copier. You charge $50, $100 a month, and people can follow you automatically and you can build up your account size that way. But another way that a lot of people don't realise is the massive amount of emerging prop firms out there. And what that means is, for some of them they may charge you a small amount to get started, and they may give you then a small amount of funds and you have to prove to them that you can trade by making X percent with the restrictions they have in place, with low draw downs, et cetera. And then over time, if you're good, they will then increase that amount of capital that they will allow you to trade on their behalf. And then for some of them, there may be a 50/50 split. So if you're something like up to $100,000 account, and of course you could do this on several different firms as well, but let's say you had a $100,000 account, you're making, let's say 10% in a month. What's that? That's $10,000. You're doing a 50/50 split on revenue. You could be $5,000 a month from different prop firms, earning for yourself. And that way, you can then invest that back into your own personal trading fund and trading account and earn on that as well. So, many ways that you can do it. Don't just think, "Oh, I've got $2,000," or, "I can't do this. I don't have enough in my account." A lot of people say to me, "Hey Andrew, if I bought your course, I don't have any money left in my trading account to trade with." But it's just the wrong way of thinking.