 How much money would I really be looking at investment market? Now, there are four key questions that I'm going to be asking myself, and I'm going to be asking you guys as well. I'm going to be answering this question together, and then we can basically come to a conclusion as to how much money we're going to use to start trading as absolutely newbies in this market. Hey, guys, and welcome back to my YouTube channel. My name is Dapo Willis. I'm a serial entrepreneur who just loves to make money online. Now, like I said earlier, today I'm going to be speaking about a topic that I seem to get asked over and over again, and the question goes, how much money do I need to start trading the foreign exchange market? Now, I have my very good friend here, Mr. Whiteboard. Mr. Whiteboard is basically going to be helping me illustrate and demonstrate how much you're going to be needing for you to start trading the foreign exchange market. Before I proceed into that, I must tell you guys a little bit about my story. I started trading this market at the age of 17, as most of you already know, and my initial startup capital was about $2,000. Unfortunately, I lost that money in the first four months of my trading due to my inability to comprehend price action and my inability to just basically have a general and overall understanding of the market. So basically, I came into this market at 17. I didn't really have that much knowledge. I had $2,000 from my investment, not investment, my inheritance, but my grandfather left for me, and I blew it in three months. I've been trading this market for about eight years now, and as God would have it, I have become successful over time. So trust me when I say I'm in the best position to tell you how much you should get started within your trading, how much you should get started with for your trading, how much you should get started with when you start trading. One of them that appeals to you, take it like that. All right, guys, so I'm going to be switching over to my whiteboard. Now, before I proceed to this, I must tell you that, guys, this is my sixth take for this video, and I really don't care anymore. I'm just going to shoot it. I'm going to tell you guys what exactly is on my mind, and you guys are just going to have to watch it out, all right? All right, guys, so I'm going to take you over to my whiteboard to just basically explain to you guys a couple of questions that I would be asking myself if I was in your position. If I was in your position and I really wanted to start learning how to trade, or I really wanted to start trading before an exchange market, how much money would I really be looking at investing in the market? Now, there are four key questions that I'm going to be asking myself, and I'm going to be asking you guys as well. I'm going to be answering this question together, and then we can basically come to a conclusion as to how much money we're going to use to start trading as absolutely newbies in this market. Now, the first thing I would like to consider is, right, how much is my disposable investment? Now, what exactly is disposable investment? Disposable investment is how much money am I willing to risk on this investment that will not necessarily affect my day-to-day activities. What I mean by day-to-day activities, I don't want to go and invest money that's going to probably affect me going to work. I'm not going to go and invest money in the market that's going to affect my rent. I'm not going to go and borrow money from the bank and have the cops chase me up and down the hopefully. So the first question I'm going to ask myself is, how much is my disposable, sorry, guys, disposable investment, right? I almost wound you my handwriting is absolutely terrible. So you're just going to have to listen to me, all right, mate? Follow me along, right? How much is my disposable investment, right? I usually see from experience a lot of the people's disposable investments that come to me are usually between 500 to 5,000 US dollars. So we're going to take somewhere in the middle. It's not really in the middle, but I usually like just like working with 1,000 US dollars, right? 1,000 US dollars is usually a very decent place to start. Now, you might have a lot more money than this. You might have a lot less than this. But just work with me, right? When I say 1,000 US dollars, right? So we have, we already know how much disposable investment. I mean, if you lose a thousand dollars today, you're not going to die or anything, right? You're going to die? You're going to die if you lose a grand. Come on, man. A thousand dollars is not going to kill you, right? So we're going to work with 1,000. Let me just write my zeros and make them, all right? So 1,000 dollars is a decent place for you to start. Now, the next question you want to ask yourself, now this is question number two, right? What is going to be my return on investment? How much money am I looking to make in this, sorry guys, excuse me, I need to make sure that I have this all up and running properly. Yeah, so I need to ensure that this is transmitting to the camera so that we have perfect audio quality, right? So this next question is, how much is my ROI? Like, what am I looking to, how much money am I looking to return? Like, how much money am I looking to make on this 1,000 dollars, right? Some people might tell you, oh, I'm looking to take $1,000 to $10,000, which is absolutely fucking crazy anyways. There's something to tell you, I'm looking to take $1,000 to $5,000, something to take like, I'm willing to take, I'm going to take $1,000 to $100,000. Now, in my own experience, I would advise you stick to, at least let's first of all start with doubling the account, right? Let's not get ahead of ourselves, right? Because chances are that most of you who are watching this video are either just coming into the markets for the first time or are absolutely struggling, right? So for your ability and your knowledge of the market, let's just stick with doubling the account, right? So the ROI we're looking to make is 100% return, right? Now, the third question is, how much are we willing to risk per trade, right? How much money are we willing to risk per trade now? If you're probably wanting to take $1,000 to about $10,000, you're probably going to be risking about 50% of your account every single time. And for the fact that you're not exactly that knowledgeable about the market, the chances of you blowing your account is very high because think about it, you only need to trade, you only need to lose twice, right? Whilst you're trading a $1,000 account for you to blow an account, right? So for every trade you place, you're going to be risking $500, I'll take that again. 50% of this is $500, right? So if you're looking to make $10,000 of this, you're going to be risking some really, really high margins on your account. So probably about 50 to 60%. So if we're risking about 50% of the $1,000, which is $500, I mean, if you lose the first trade, you only left the $500. And if you lose the second trade, you're left with zero, right? So I usually advise that traders keep their risk between three to three. I said, but personally, personally, I'd like to pick up three. I said, right? So I'm going somewhere with this, right? The fourth thing is how long, what's the duration period, right? Don't forget that our target, this is our target, the ROI is our target, is 100% of $1,000, which is $2,000. Now the next, the fourth question is, how long is he going to take us for us to make this 100% return on investment, right? Ideally, ideally, it should be 12 months, a year. It should take you a year to make 100% of your, it's supposed to take you a year to make 100% return on investment. Now, a lot of people are going to tune off at this point because they're like, what the fuck? How am I going to, why am I supposed to wait for a year just to double my account? And the reason I say this is because if you are expecting to double your account in one month, two months, three months, that means you're pretty much, most likely going to be over-trading. And what happens when you start over-trading is you expose yourself to unfavorable market conditions and in a matter of two, three, four, five trades, you're probably going to run into trouble somewhere along the line. So the next question I'm going to be asking myself is how long am I going to trade my $1,000 for before I'm able to hit the 100% return on investment? My advice is always 12 months, right? Because with this strategy, all you need to do basically guys, all you need to do basically guys is trade just twice a month, right? If you trade twice a month at a risk of 3%, right? If you trade twice, don't forget we're risking 3% to make 10% return on our account, right? So if you trade twice a month, right, so 20% multiplied by 2 is equals to 20% return on our account is equal to 20% return every single month. 20% return every single month multiplied by 12 months. It's going to give you 240% ROI. Now, the problem is a lot of people are not, they are not satisfied with 240% ROI at the end of the year. Like crazy, man. There's no investment in the world that's going to give you 240% return on investment in a year. Treasury bills never, real estate never, Ponzi scheme maybe. But the forex market, 240% is absolutely fantastic return. And all I'm asking you guys to do is trade just twice a month, right? And at the end of 12 months, I'm going to clear this, right? So remember guys, we're trading just twice a month, right? We're trading just twice a month at a return on investment per trade at 10%, right? So we're making about 20% monthly, right? And after 12 months, right? We have 200, we have returned 224, 240% ROI, right? Now, this, so we had an initial investment of about $1,000, right? Now, our $1,000 is now equal to 2,400 US dollars, right? Now, this is absolutely the most intelligent and smartest way to go about your trading. If you had, so, you know, that brings me to the conclusion of my story, right? If you have $1,000, if you come into this market with $1,000, all you need to do is trade twice a month. Guys, if you come into this market with just $1,000, all you need to do is trade twice a month and you're gonna be able to turn your account from $1,000 to $2,400. If you come into this market with 10 grand, right? If you come into this market with 10 grand, all you need to do is trade twice a month and you're gonna be able to return $24,000 at the end of the year. I think this is a more strategic approach to take. And one thing that I always advise most of my students to do is, when you're coming to this industry, don't come up with something too crazy. That takes me over to my first, could I just take a look at my first step, which is disposable investment. Coming to this market with something you're very comfortable with trading. Like $1,000, right? Trade for $1,000 to make $2,400. And once you're able to achieve this, this is exactly how your equity curve is gonna go, right? Obviously, along the way, if not every trade is gonna be profitable. But for the fact that you're trading just twice a month, right? The chances of you hitting and losing trade are very slim, right? You hit one, you hit the second trade, most times you're probably gonna be lucky. Especially if you're new and you don't really have that much knowledge, right? But the industry, before this market acts like a casino, right? Market is scheduled to beat you. The market is programmed to beat you over a period of time. What I mean by this is, the market is gonna win six out of 10 times. You're gonna win four times. So if you win four times and the market wins six times, over a longer period of time, the market is most likely going to outperform you. But if you stick to just trading twice a month, right? And you allow the markets, tangle up during the rest, you get into, you trade the first time, you trade the second time. But the third time, when the market is about to fuck up and act up, you're already out of the market. You might not necessarily have the technical skills to carry out this. You might wanna check in some other videos on my channel. I always come up with technical analysis that's really gonna help you. And because of the fact that you're just trading twice a month and you're so consistent, this is gonna hit winning, you're gonna hit losing trades. But the good thing about it is that your losing trades are not gonna be that many. Should I tell you why? Because when you come into the market, you trade the first time in the month, let's say month of January. You trade the first trade, you make a profit. You trade the second time, you make a profit. Chances are that the third, fourth and fifth time are gonna be losing trades, right? But luckily for you, you're only looking to take the two best trades of the month. So, chances are that your equity curve, what I mean by your equity curve, your growth on your account, is gonna look like this over a period of 12 months, right? It's gonna look like this, right? Look like this. Cause, right? Okay? This is exactly how your equity curve is going to look like, right? This is in terms of dollar value, right? So we started up at $1,000 and we have $2,400 at the top bar here, USD. And we have, this is the time duration. So we have six months here. We have one month, we have 12 months. So we started off literally at $1,000. So when you pretty much kick off the trading year, right? You're gonna be at $1,000. You place the first two winning trades. You takes you up here. You probably place the first trade in February and then there's a losing trade and then the market, your equity curve dips down a little bit. And then you get lucky enough. You see two more winning trades and then that's exactly how you're gonna be growing your equity curve. Now guys, you take this equity curve to an investor and they will throw money at you, right? You're risking just 3% to make 10%. You have a maximum drawdown of 20%. Now what's the maximum drawdown? The maximum drawdown is basically the most amount of money you are permitted to lose, right? The most amount. Like personally, if I lose up to 20% of an investor's money, I will give it back to them and tell them, hey guys, this is my threshold. I've traded your account and I've lost 20% of your account and I'm gonna give it back to you. And from this curve, it doesn't even look like it hit a maximum drawdown of 20%. So all I'm trying to say here guys in essence is that start off with 1,000 bucks, start off with $1,000, growing all the way to $2,400 by trading just twice a month, by trading just twice a month and return 240% of your investment. And you can show this to an investor, literally you can walk into the bank, you can speak to anybody, right? And this is exactly how you start to make good money in the foreign exchange market, right? So you give this equity curve to an investor, right? And you're like, hey, I've returned 240, it might not even be up to 240% return on your, it might just be 180%. Let's say you just stopped here, right? 180% return on your, but let's say this is 180% return on your investment. You tell somebody that I returned 180%, let's say 180% is too high, right? Let's say it's 100%, right? You return 100% of your $1,000, which is $2,000. Guys, people are gonna start throwing $10,000 at you, $50,000 at you. So when it comes to looking for capital in this industry, you don't have to worry, you do not have to stress yourself. All you need to do literally guys, all you need to freaking do is get $1,000, trade twice a month consistently for 12 months, make sure you're choosing the very best trades from my YouTube channel, trade twice a month and return anywhere between 100 to 240% and you're good. People will start throwing money at you. If I contact me and I'll throw money at you, all right? All right guys, so this is pretty much my, I mean, I just started using the whiteboard on my YouTube channel. So you guys need to cut me some slack, but I'm pretty certain that the more I do this, the more I will get more comfortable using the whiteboard. So guys, for those of you asking me how much you should really start with in the ethics market, I think $1,000 is pretty fine, right? Also, you have to remember that you know, you're not gonna get rich off of your own capital. That's another thing a lot of people fail to realize. You're not gonna make a million dollars in your first trading year. You're not gonna get rich off of your own capital. Most of the rich forex traders that you see out there, they do have to take up funds from investors because when they take on, when they're only trading their own money, right? The chances are that they're gonna put too much pressure on the $1,000, right? They're gonna be trading six, seven, eight times, 10 times in a month and what's gonna happen over time, they're gonna start over trading and then eventually they're gonna blow the account. But if they're just consistent with making just two winning trades a month with $1,000, they can grow it consistently to $2,400 and then they can now attract investors and just think about it. If an investor invests $100,000 in your trading, right? And you only make him 20% every month, right? 20% of $100,000 is $20,000. He's gonna split that money with you 50, 50. He will split the money with you 50, 50, 10 grand for you, 10 grand for him, right? That's the best way to make $10,000 in this market. The best way to make $10,000 in this market is to get investor to invest $100,000 in your trading and then you do 20% give him 10%, you make 10%, you have 10 grand. Not from taking $1,000 to 10,000 this way. Actually, let me just round this up by writing this, right? It's quite a lengthy video, I know. The best way to make $10,000 in the forex market is to get an investor to invest a hundred grand in your trading, right? You make him 20% return. That's $20,000. You split this money in half, he gets 10K, you get 10K. That's the best way to make $10,000 in the foreign exchange market. Now, yeah, that's the best way to make $10,000 in the foreign exchange market, not by investing $1,000 in your trading account and trying to take this to 10K. This is doom, doomsday, doomsday. This is the best way. This is the best way. Taking $1,000 to $10,000 is not the best way to go about this. Having a hundred grand from an investor, trading 20% of that money, making $20,000, he's gonna take 10, you take 10. This is the best way to make $10,000 in the forex market. Taking $1,000 to $10,000 is the absolute worst way to make money in the foreign exchange market. Now, guys, guys, guys, on that note, I hope I've been in. Now, $1,000 doesn't, if you have more than $1,000, obviously, you can put it in. But guys, don't go putting 10K, 20K, 50K in your first trading year. That's crazy. $1,000, as far as I'm concerned, is fine. And now you're probably thinking that $1,000 isn't really gonna feed your family. But you have to remember, in your first trading year, you're not looking to use forex to feed your family. You're literally trading forex in your first trading year to actually try and get a hang of the market, right? Don't quit your day job and jump into the foreign exchange market thinking that, oh, I'm gonna feed my family with the foreign exchange market. That's not the way. That's the loser's mentality. You're gonna lose all your money. Trade 1K, one last time. I need to stretch this shit a lot. I know I get crazy, right? Take 1K to $2,400 by trading twice a month, right? Have your track record, show it to an investor after 12 months, he'll give you money. And the best part about it is, if you're able to do this consistently over 12 months, chances that you're gonna be able to do the same thing with an investor's account. Anyways, guys, on that note, this is pretty much the end of this segment for today. Please subscribe to my YouTube channel and hit the like button so that I can continue to provide amazing content for you guys. On that note, I love you guys. And in the comments section below, just type if this video was helpful to you and tell me how much you would be investing in your foreign exchange account, right? Okay, don't tell me because I don't wanna see crazy figures that's gonna make me scream, but yeah. Just say something now in the comment box, so I say something now. So on that note, I'll catch you guys later and take it easy. Pew, pew, pew, pew.