Hi Folks.

A quick reminder that today is the last day to pick up the MACDots/RenkoSignalBand indicator combo as a part of the PV2 package at http://fxgoldminer.com.  I will take down the website after midnight tonight and re-launch PV2 focusing solely on the two new indicators as a subscription-only product ($997 a year/$100 a month).  If you try and buy this tomorrow night, the link and the page will be dead.

So I have this white paper I’ve been working on comparing trading with Prop Firms versus trading your own account(s).  Both options have positives and negatives, so it really comes down to deciding which option provides you with the most benefits.

But in the process of researching and writing this paper (which should be available next week), I realized that you could trade a highly active chart such as the US30, trading only a single mini-lot, and set yourself up with a high six or low seven figure annual income trading just minutes a day.

Here is how it would work.

To trade a mini-lot using your own broker (and I use Hugo’s Way for this example).  It would take about $1650 in available margin to open the trade, plus enough left over to handle any minor price swings without running into issues with your broker or your Prop Firm. Figure you need at an absolute bare minimum $5,000 in your account to start, and preferably $10,000.

Point values with a single mini-lot are $10 per, so a $10,000 account would give you a 1,000 point cushion to trade with.

Knocking out 100 points a day, which is as easy as I can make it with the Dots/Bands, would net you $1,000.  Figure 200 trading days a year, if you never went above or beyond the single mini-lot, you are looking at $200,000 a year from your trading.

And the best reason to stay at such a small trade level (besides getting filled instantly on buy and sell orders) is you are flying under the radar with your broker. It is highly unlikely your small order will cause them any heartburn (such as having to take some or all of the other side of your trade in the event there is no one trading they can foist it off upon).

That means you can keep knocking out $1,000 days until you get sick of making money.

But $200,000 a year isn’t high 6 or low 7 figures.

To get there, you simply pull out some of your gains and open a second account.  Then when both accounts have made enough in gains, you pull out enough to open 2 more trading accounts.

If you have 5 accounts open, each making $1k a day from trading, that’s $25,000 a week, or $1.2 million a year.

And you can do the same with Prop Firms.  Keep the trades small enough that a bad day doesn’t get you anywhere near the maximum loss level.  And when you start pulling money out, use some of it to take another challenge with another firm.

And since prop firms are expecting bigger trades, you could bump up to 2 mini-lots and trade 4 prop firm accounts and make the same money.

And to take multiple trades on different accounts at the same time, use a Trade Copier like the one sold by Pecunia Systems called FXSynergy.  Less than $400 a year and they have been getting stellar reviews from users for more than a decade.

And that’s all there is.  Wait for the Bands and Dots to signal your entry, get out when the trade goes the other way, always move your stop to break even once the trade gets up 3 or 4 boxes, and keep trading until you hit your target each day. A year from now you’ll be kicking the money out of the way to get through the front door at night.

And unless you are excited by the prospect of paying steep annual subscription fees, you’d best get over to http://fxgoldminer.com right now and grab a lifetime copy of PV2, including the MACDots and RenkoSignalBands, before the website and the forever pricing goes away in a few hours.

Jeff