KALO MODAL TRADINGMU CUMA 1 JUTA, TONTON INI DULU !

Summary

In this video, the host discusses how it's possible to trade in the forex market with less than IDR 1 million. The key to success lies in understanding forex basics, mastering technical analysis, and practicing effective money management. The video explains how to determine market trends, identify entry points using tools like Fibonacci retracement, and manage risk by using small lot sizes and setting stop-loss orders. The host also emphasizes the importance of choosing the right broker and only trading with 'cold funds'—money you can afford to lose. With the right strategy, beginners can survive and thrive in the forex market even with limited capital.

Takeaways

• 😀 Trading with under IDR 1 million capital is possible if you follow the right steps.
• 📚 Understanding the basics of forex, such as currency pairs, graphs, lots, and leverage, is crucial for beginners.
• 💡 Forex technical analysis helps you determine the right buy and sell points based on market trends.
• 📈 A market structure, such as identifying higher highs and higher lows, helps determine if the market is trending up or down.
• 🔑 Fibonacci retracement levels (0.382 and 0.618) are useful in finding potential entry points in forex trading.
• 🔮 Supply and demand areas, such as 'rally base rally' or 'drop base drop,' are key to determining entry points in the market.
• 📊 Setting pending orders at key levels can help you enter trades when price hits a predetermined point.
• 📉 Money management, including risk control and setting stop loss and take profit levels, is essential to avoid significant losses.
• 🧠 Never trade with money you can't afford to lose—avoid using borrowed funds or money for daily expenses.
• 🏦 Local brokers, like Do Point Broker, allow you to trade with deposits under IDR 1 million, which is suitable for beginners.
• 💬 Learning and practicing on a demo account is an important step before moving to a live trading account.

Q & A

Is it possible to trade with less than IDR 1 million?

Yes, it is possible to trade with less than IDR 1 million. As long as you follow the right steps and strategies, you can trade successfully with a small capital.

What is the most important thing to know before trading in forex?

The most important thing to know before trading in forex is understanding the basics, such as what a currency pair is, what leverage is, what lots are, and how to read forex charts.

Where can I learn the basics of forex for free?

You can learn the basics of forex for free by accessing the Forex Basic class on the Campus Trader portal, which is available through the link provided in the video description.

How do I determine whether to buy or sell a currency pair in forex trading?

To determine whether to buy or sell, you need to identify the market trend using a market structure. By analyzing the swing highs and lows, you can tell if the trend is upward or downward, guiding you to buy or sell accordingly.

What tools can I use to find an entry point in forex trading?

To find an entry point, you can use tools like market structure analysis and Fibonacci retracement. These tools help identify key levels where the price is likely to reverse or continue its trend.

How does Fibonacci retracement help in forex trading?

Fibonacci retracement helps identify key price levels, such as 0.382 and 0.618, which are often areas of support or resistance. These levels are used to find potential entry points for buying or selling.

What is a pending order, and how do I use it in trading?

A pending order is an order that you place to buy or sell at a specific price level in the future. It helps you enter the market at a pre-determined price, without having to constantly monitor the market.

What is money management, and why is it important in trading?

Money management refers to controlling the amount of capital you risk on each trade. It is important because it helps prevent significant losses and ensures that you can survive in the long run, even with small capital.

How can I manage risk while trading with a small capital?

You can manage risk by using small lot sizes, such as 0.01, and ensuring that you set both take profit and stop loss levels. This way, you control the amount of risk you take on each trade.

What should I avoid when trading with small capital?

When trading with small capital, avoid using borrowed money or money that is needed for daily expenses. Trading with such funds can negatively affect your psychology and decision-making process, leading to emotional and impulsive trades.