How to Make $100/Day Trading Forex
How to Make $100/Day with Just 1-2 Hours of Work
Imagine making six figures in a single day, working only a couple of hours. It might sound too good to be true, but with the right approach to trading, it’s entirely possible. Many traders, including myself, have done it. But how would I start again from scratch if I lost everything?
In this guide, I'll walk you through exactly what I’d do if I had to rebuild from zero.
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Step 1: Learn to Read Candlesticks
Before you can make money trading, you need to understand the language of the market. Think of candlestick charts as a new language—like learning Spanish before visiting Colombia. If you don't know how to read candlesticks, you’re essentially blind in the market.
The best resource to start with? The Candlestick Bible. This book will teach you everything about candlestick formations, rejections, and confirmations. Once you understand this, you’ll know exactly when to buy and sell.
Step 2: Master the Right Trading Platforms
Avoid the mistake of getting overwhelmed by too many platforms. You only need two:
- TradingView – This is where you analyze charts and identify trading opportunities.
- MetaTrader 4 or 5 (MT4/MT5) – This is where you execute your trades by connecting to a broker.
That’s it. You don’t need fancy newsletters, position size calculators, or any other distractions.
Step 3: Develop a Profitable Strategy
You can’t make money without a proven strategy. Many traders fail because they try to "figure it out" on their own. Don’t waste time reinventing the wheel—either find a mentor or use a strategy with a proven track record.
One key lesson: Go at it alone. I tried learning with friends, and it slowed me down. You need to build your foundation first—then you can help others.
Step 4: The Market Isn't Going Anywhere
A common mistake? Rushing. I blew my first account because I thought I had to make money right now. The truth? The market has been here for decades and will be here for decades more. The key is consistency, not speed.
Forget FOMO (fear of missing out). Learn the craft first—the money will come later.
Step 5: Ignore Friends and Family
Your family and friends might not believe in trading. Most people don’t understand how someone can make money just by clicking buttons. They’ll doubt you, discourage you, or even make fun of you.
The best approach? Don’t tell them. Just focus on your journey. Let your results speak for themselves.
Step 6: Keep It Simple
The best traders don’t overcomplicate things. You only need:
✅ A solid strategy
✅ A clear risk management plan
✅ The discipline to stick to it
Trading isn’t about how much time you spend. I only trade 3-4 times a week, 1-2 hours per session. Any more than that, and something is wrong.
Step 7: Focus on Percentages, Not Dollars
New traders obsess over turning $100 into $500. But real traders think in percentages:
- 1-2% per week is the goal.
- 8% per month on a $100K account is $8,000.
- 8% per month on a $1M account is $80,000.
The market doesn’t care about the amount—it’s all about percentages. Once I adopted this mindset, I started seeing five-figure payouts regularly.
Step 8: Expect to Lose
Losing is part of the game. Even the best traders in the world take losses. What separates successful traders from losers? Risk management.
Over 10-20 trades, if you have a positive strategy, you’ll come out profitable. Embrace losses, learn from them, and move on.
Step 9: Avoid Overtrading
One of the biggest killers of trading accounts? Overtrading.
You don’t need to trade every single day. My rule:
📌 Max 2 trades per day
📌 Risk 1-2% per trade
If you take too many trades, you increase the risk of blowing your account. Less is more.
Step 10: Day Trading Doesn't Mean Trading Every Day
Just because you’re a day trader doesn’t mean you need to trade daily. The market doesn’t always present good opportunities. Patience is key.
Some weeks, I only take 2-3 trades. And that’s okay. Trading is about taking high-quality trades, not trading for the sake of trading.
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The Bottom Line
If I had to start from scratch today, this is exactly how I’d do it:
- Learn candlesticks – Master the language of the market.
- Use the right platforms – Only TradingView & MT4/MT5.
- Find a proven strategy – No need to reinvent the wheel.
- Don't rush – The market isn't going anywhere.
- Ignore doubters – Stay focused on your goal.
- Keep it simple – Less is more.
- Think percentages – Forget about dollar amounts.
- Expect losses – They’re part of the game.
- Limit your trades – Max 2 trades per day.
- Be patient – Not every day is a trading day.
Disclaimer: Trading involves risk, and it’s possible to lose money. Always trade responsibly and seek professional advice if needed.
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