Hi Everyone,
I am a web designer and my eyesight has been getting weaker, and now I only have about 30% vision left. Because of this, I am thinking of leaving web design and blogging to start forex trading. Earning $10 to $20 a day would be enough for me.
However, despite three months of learning, I have been unable to develop any strategy or achieve success. Can anyone please share a proven or successful trading strategy? Your help would mean a lot to me.
Thank you!
Do you have any knowledge of forex trading and have traded forex in the past either Demo or Live account?
If not, then it would be better for you to complete the Babypips Forex Trading Course. before
Your target income suggests you are determined to make money by the end of every day, so this must be through daytrading.
I do not know of a single daytrader who makes money every day. So I think you will never find a strategy that allows you to do this.
But at least you are asking abour strategies. Keep searching and start demo trading. Start with the simplest strategy you can find: this will not be the one you want to be using in a year’s time, but getting hold of it and trading it will teach you a lot about how strategies work, how you can run them, what makes them good and what makes them unsuitable for you. So your second choice of strategy will be a far better pick. And so on and so on…
You do not have to daytrade to earn money. If you do not have enough money to trade off daily charts, then you need to get a job, because daytrading will not get you that money.
Very sorry to hear about your eyesight, Bimol. (Diabetes, sounds like?).
I’ve heard that this post/thread helped a lot of people to get started, after the Babypips course, so I’m wondering whether it might help you, too?
Wishing you better prospects for 2025!
Yes I was a graphic artist myself for ten years before I left to become a trader . I also have Noticed problem with eyes .
Use a shade cover on your computer screens , as for trading it simply takes so long .for forex
Stocks are a lot easier
Look for institutional data
Recent sells and buys on stocks by institutional traders
At the beginning I used to follow the trade weighted index too kept me above ground for a while
I don’t normally share things but respect 
Here I used to follow the Australian dollar using this
https://www.rba.gov.au/statistics/frequency/exchange-rates.html
Over a large enough sample size (trading career) all strategies are equal and distribute results in direct correlation to their risk. Everyone is trying to make money off of everyone. The purpose of the FX retail market is only to supply liquidity.
Every weekend, every strategy is back tested 1,000s of times to detect inefficiencies which to profit from. The amount of liquidity in these are limited. As the liquidity dries up, new inefficiencies are created, and so goes the strategy.
I am 32 years old and have been working since 2010. I created my first blog on XtGem . com using a Nokia 2700c. I have been successful in blogging (you can see the screenshot), but due to eye problems, I am considering quitting blogging. The situation feels like a do-or-die scenario. Always Suicidal thoughts come to my mind. I have fully enjoyed my life, and I feel it’s better to die before blind.
Also lost 600$ in Nifty/Banknifty option trading through a buying premium subscripton of a signal app
I’m sorry to hear about your weakening vision. Do well to always use screen brightness filter.
Like someone said, making $10 or $20 daily suggests learning to be a day-trader. You should know there is no magic bullet to becoming successful at trading. You must put in the work and time to mastering any concept. Moreover, always keep it simple. There are tons of methods to choose from. I would suggest going through the babypips forum to find the one that suits you. There is a method I know in the Lobby section that you can try. Google the keywords “Bowlerjim babypips melting pot” to access the link to the trading method and see if you like it.
Brother, can you please share the post or method link with me? I couldn’t find any information on Google. I even tried different Google dorks, but still couldn’t find anything.
Thanks from bottom of my heart
Here is the link:
Thread title is Binary Options Huge Profit Potential.
The method shared there by Bowlerjim is good for binary options and forex trading (Bowlerjim also uses it for forex trading according to him).
Thanks a lot brother
My pleasure. Good luck, bro, and let us know if you have any more questions.
Focus on one market, like EUR/USD, and master a simple trend-following strategy using moving averages. Practice on a demo account and prioritize risk management.
Hi @BimolDas Sorry to hear about your eyesight weakness.
I don’t want to discourage you. But, since you are planning to do day trading forex to earn $10-20 per day, it would be better to check this Article to understand the pros and cons of Day Trading and other details.
There is no shortcut to start earning $10-20 per day just to know any forex strategy. It takes time to master any strategy. And after starting live trading, very few day traders achieve success.
You already lose $10,000 doing option trading.
Please don’t lose hope and get yourself motivated. You can avoid any suicidal thoughts through meditation and by connecting yourself with your family and friends to get positivity from them.
Best of luck. Don’t quit, keep going. A good time will come soon for you.
I understand your situation, but trading success often requires more than just a strategy—it involves risk management, patience, and experience. I recommend starting with a simple strategy, like trend-following or breakout trading, and using demo accounts to practice. Consistency and learning are key to success in trading.
Daily targets are probably unrealistic, overall, as even the world‘s best traders have both winning and losing days.
Your hoped-for $10 - $20 per day (shall we call it $15?) averages out at $330 per month, allowing for 22 trading days per month.
Because of variability in results, that monthly average of +$330 will probably range between break-even and +$660, realistically. You might even have the occasional losing month, and it would be wise to budget for that.
Very, very few retail forex traders can achieve a steady average account-growth of 5% per month, but if you’re one of those very rare Star Performers, then it follows that you would need starting-capital of $6,600 to manage that.
I understand, and many of us started off from similar positions to that, and a few of us eventually became successful, so don‘t give up! At the same time, it’s important to realise that if that’s so, you must at the moment be a very long way from being able to make $10 - $20 profit per day? You’re obviously a numerate and intelligent guy, so I’m sure you can see how those figures work out?
I hope I don’t sound offputting. I’m just trying to make the point that it’s very important to keep your expectations reasonable.
Or a different strategy: Buy 500 shares of YMAX ($8,750) with a weekly dividend of ~$0.188/share after ETF depreciation for $330 a month. If using 50% margin at 5% APR ($220 per year), you’ll only need $4375 to make ~$330/month. After 5 years compounding 7.5% monthly, that’s around $335,000.