5 Scalping SECRETS that can Grow SMALL Forex Accounts FAST

Summary

This video reveals five sculpting secrets for rapid trading account growth through scalping. It emphasizes eliminating mistakes, using key levels for strategic trades, focusing on quality over quantity of trades, applying progressive overload to increase lot size gradually, and committing to daily improvement. The speaker shares personal experiences and strategies, aiming to guide viewers from novice to successful, profitable traders.

Takeaways

• 🛑 Eliminate Mistakes: To become a successful trader, it's crucial to identify and stop repeating the same mistakes, which are often the root cause of losses.
• 📊 Use Key Levels: Trading should not be random; instead, focus on key levels such as trend lines, support and resistance, or supply and demand zones for more strategic entries.
• 🎯 Focus on Quality Over Quantity: It's better to take fewer, well-thought-out trades rather than numerous poor-quality trades. Aim for precision like a sniper rather than overtrading.
• 🌱 Build Skills for Long-Term Success: Developing trading skills is more important than immediate profits. As skills improve, profitability will naturally follow.
• 💡 Learn from Experience: Apply what you learn about trading to gain experience, making trading decisions more instinctive and effective over time.
• 🏋️ Progressive Overload: Just like in fitness, slowly increase your trading lot size to challenge yourself and grow your account without risking too much too soon.
• 🚫 Avoid Emotional Trading: Don't let emotions like revenge or anger dictate your trading decisions. Maintain discipline and a clear, rational approach.
• 🔄 Continuous Improvement: Every day is a new opportunity to improve. Learn from past mistakes and strive to make the next day better than the last.
• 💰 Money is a Byproduct: Focus on becoming a skilled trader first; financial success will come as a result of your expertise and not the other way around.
• 🌐 Freedom and Fame as Side Effects: Successful trading can lead to various types of freedom and potentially fame, but these should not be the primary focus.
• 🎓 Invest in Yourself: Your circumstances do not define you. There's always a chance to improve your situation, whether it's through work, learning, or trading.

Q & A

What are the five sculpting secrets mentioned in the video for growing a trading account quickly?

The five secrets are: 1) Eliminate mistakes, 2) Use key levels for trading, 3) Take the right trade focusing on quality over quantity, 4) Apply progressive overload by slowly increasing lot size, and 5) Improve every day by learning from mistakes and making tomorrow better than yesterday.

Why is eliminating mistakes important for becoming a successful trader?

Eliminating mistakes is crucial because the fewer mistakes you make, the closer you are to becoming a successful trader. It helps in reducing losses and moving towards the success line, which represents profitability and consistency in trading.

What are some common mistakes made by traders that were highlighted in the video?

Some common mistakes include revenge trading after a losing streak, forcing trades when there are no opportunities, and using a lot size that is too large for the account, which can lead to blowing the account.

What is a 'supply and demand zone' and how is it used in trading?

A supply and demand zone represents areas of aggressive buying and selling in the market. Supply zones are identified by multiple red candlesticks indicating selling pressure, and demand zones by multiple green candlesticks showing buying pressure. Traders wait for the price to return to these zones to enter trades.

Why is focusing on the quality of trades rather than the quantity important for a trader?

Focusing on quality over quantity helps in building trading skills and ensures that each trade taken is based on opportunity rather than the compulsion to trade every day. This approach leads to a more disciplined and profitable trading strategy.

What does the term 'progressive overload' mean in the context of trading?

In trading, 'progressive overload' refers to the strategy of slowly increasing the lot size as you gain experience and confidence. This concept helps in managing risk and growing the trading account steadily without rushing the process.

How does the concept of progressive overload apply to a small trading account?

For a small trading account, progressive overload means gradually increasing the lot size to challenge the account and grow it without taking on too much risk at once. It's about steady growth and avoiding large, risky jumps in lot size that could lead to significant losses.

What are the three main types of freedom mentioned in the video that a successful trader can experience?

The three main types of freedom are location freedom, time freedom, and financial freedom. Location freedom allows working from anywhere, time freedom provides flexibility in work hours, and financial freedom comes from the profits made through successful trading.

Why should a trader not focus on making money as the primary goal when starting out?

Focusing on making money as the primary goal can lead to rushed decisions and increased risk-taking, which may result in losses. Instead, a trader should focus on building skills, discipline, and a solid trading strategy, after which money will naturally follow as a byproduct of success.

What is the advice given in the video for someone who feels they cannot change their current situation in trading?

The advice is to not view one's life or situation as fixed. There is always the opportunity to improve and change circumstances, such as by getting a job to increase income for trading or by learning from past mistakes to trade better in the future.

How does the video suggest traders should approach their mindset after making a mistake or losing money on a trade?

The video suggests that traders should view life as a video game where mistakes are part of the learning process. They should not dwell on past errors but instead learn from them and focus on making the next day better, improving their trading skills and mindset continuously.

Outlines

00:00

💡 Becoming a Profitable Trader: Eliminating Mistakes

The first paragraph emphasizes the importance of eliminating mistakes to grow a small trading account quickly. The speaker shares their experience of turning $500 into over $9,000 in just three days. They highlight three common mistakes traders make: revenge trading, forcing trades, and using an inappropriate lot size. The key to success is to reduce these errors, which will lead to a more profitable trading career. The speaker also introduces the concept of 'key levels' for trading, such as trend lines, support and resistance levels, and supply and demand zones, which are crucial for making informed decisions rather than random trades.

05:01

🎯 Focusing on Quality Trades Over Quantity

In the second paragraph, the speaker discusses the third secret to trading success: focusing on the quality of trades rather than the quantity. They advise against the common misconception that more trades lead to more profits. Instead, they suggest taking trades only when there is a clear opportunity, similar to a sniper's approach. The speaker also emphasizes the importance of building trading skills through experience and learning, which will naturally lead to financial success. They mention that success in trading involves hard work, discipline, taking the right trades, having a good strategy, and practicing proper risk management.

10:01

🏋️ Progressive Overload in Trading

The third paragraph introduces the concept of 'progressive overload' from fitness training as a strategy for growing a trading account. The speaker explains that just as one would gradually increase weights in a gym workout, traders should slowly increase their lot size to build up their account. They caution against the temptation to rush the process, which can lead to significant losses and psychological strain. The speaker provides examples to illustrate the dangers of increasing lot size too quickly and the benefits of a steady, incremental approach.

15:02

🚀 Continuous Improvement: Making Each Day Better

The final paragraph focuses on the fifth secret of trading success: the commitment to improving every day. The speaker challenges the belief that one's life is fixed and unchangeable. They encourage viewers to take control of their circumstances, whether by finding ways to increase income or learning from past mistakes in trading. The speaker emphasizes the importance of learning from losses and using them as stepping stones to better trading in the future. They conclude with a reminder to enjoy the holiday season and to return to trading with a refreshed and motivated mindset.

Keywords

💡Scalping

Scalping refers to a trading strategy where traders aim to make a profit from small price movements by opening and closing trades quickly. In the video, the speaker emphasizes the importance of scalping in growing a small trading account fast, suggesting that it can be a viable method for traders to accumulate profits over time.

💡Eliminate Mistakes

Eliminating mistakes is a key concept in the video, where the speaker advises traders to avoid repeating the same errors, such as revenge trading, forcing trades, and using inappropriate lot sizes. By reducing mistakes, traders can move closer to the 'success line,' which represents becoming a profitable trader.

💡Key Levels

Key levels are significant price points in the market, such as trend lines, support and resistance levels, and supply and demand zones. The speaker in the video suggests that traders should enter trades at these key levels to increase the likelihood of success, rather than trading randomly.

💡Supply and Demand Zones

Supply and demand zones are areas on a price chart where there is a concentration of aggressive buying or selling. The speaker uses these zones as examples of key levels, advising traders to wait for the price to return to these zones before entering trades, which can help in identifying high-probability trade setups.

💡Quality over Quantity

The speaker emphasizes the importance of focusing on the quality of trades rather than the quantity. This means taking fewer, well-thought-out trades rather than numerous trades that may not be as advantageous. The concept is likened to a game where leveling up requires making good trade decisions.

💡Trading Skills

Trading skills are the abilities and knowledge required to trade successfully. The video suggests that building these skills is crucial for becoming a profitable trader. Money is seen as a byproduct of good trading skills, not the primary focus.

💡Progressive Overload

Progressive overload is a concept borrowed from fitness, where the intensity of workouts is gradually increased to stimulate growth. In trading, this means slowly increasing the lot size as traders gain experience and confidence, rather than rushing and risking too much at once.

💡Risk Management

Risk management is the practice of controlling potential losses in trading. The speaker warns against increasing lot sizes too quickly, which can lead to significant losses and psychological strain. Proper risk management is essential for protecting a trading account.

💡Consistent Profitability

Consistent profitability is the goal of many traders, where they aim to make money regularly through trading. The video suggests that this can be achieved by focusing on building trading skills, taking the right trades, and managing risk effectively.

💡Freedom

Freedom, in the context of the video, refers to the independence and flexibility that successful trading can provide. This includes location freedom, time freedom, and financial freedom. The speaker suggests that these freedoms are side effects of becoming a successful trader.

💡Improvement

Improvement is the ongoing process of getting better, which the speaker encourages in the video. Traders are advised to learn from their mistakes and strive to make each trading day better than the last, emphasizing the importance of continuous learning and adaptation in trading.

Highlights

The video reveals five sculpting secrets for rapid trading account growth.

Eliminating mistakes is crucial for becoming a profitable scalp trader.

Revenge trading, forcing trades, and using oversized lots are common mistakes to avoid.

Success in trading is linked to minimizing mistakes and moving towards the 'success line'.

Discipline and learning from mistakes are key to reducing errors in trading.

Using key levels such as trend lines and support/resistance for trading decisions is emphasized.

Supply and demand zones are introduced as preferred key levels for trading entries.

The importance of waiting for the right trade opportunity rather than forcing trades is highlighted.

Quality over quantity in trading to build up trading skills effectively.

Building trading skills leads to financial success as a natural byproduct.

Success ingredients include hard work, discipline, and taking the right trades.

Progressive overload in trading involves slowly increasing lot size to grow an account.

The dangers of rushing the process and the importance of steady growth are discussed.

Improving every day and not being defined by current circumstances is encouraged.

The video ends with a motivational message to improve and make each day better than the last.

A reminder to balance trading with personal life and to enjoy the holiday season.

An invitation to subscribe and follow on Instagram for more trading insights.

Transcripts

these are the five sculpting secrets

that allowed me to flip 500 to over nine

thousand dollars in three days so in

this video I'm gonna show you how to

grow a small trading account fast with

scalping the first secret is to

eliminate mistakes

100 a day or even 500 a day but hey Brad

I want to become a profitable food and

Trader oh yeah then why do you keep

making the same mistakes over and over

again so in order to become a successful

Trader you must learn how to eliminate

your mistakes because the Lesser

mistakes you commit the more closer you

are to becoming a successful Trader let

me show you what I mean so let's say

these are the mistakes so these little

circles are mistakes committed by you so

this is Revenge trading so let's say

that after losing streak you continue

trading even though you are supposed to

stop and take a break to recharge your

mind like to continue trading so that's

the first mistake they'll commit second

mistake comment is forcing threats right

even though there's no opportunities you

still trade because you want to trade

every single day and then the third

mistake could be let's say that you are

using a lot size that is way too big for

your account and you end up blowing that

account because of these stupid mistakes

so let's say you commit other mistakes

let's say have 16 mistakes and right

here on the right side we have this

thing called the success line all right

so this is where success is so in order

to get over to the success line to

become a profitable Trader who makes

money on consistent basis you must

eliminate all these mistakes and then

you will be able to advance to the

success line where you can finally

become a successful millionaire Trader

so let's say that you start getting

disciplined and you start writing down

your mistakes and learning from your

mistakes so you stop committing mistakes

right so you let's say you stop

committing the first mistake gone second

mistake gone third mistake gone and as

you reduce or rather eliminate the

amount of mistakes that you commit you

are literally getting more and more

closer to becoming a successful Trader

So eventually once you eliminate all the

mistakes bam the dream of becoming a

successful Trader but with that said we

are all humans so these mistakes that

you commit they will sometimes come back

to you so you have to make sure that you

eliminate it as soon as possible and do

not let it hang around mistakes are

basically losses right like whenever you

lose money you are literally committing

a mistakes it's always because of your

own mistake so try to eliminate these

mistakes and by eliminating these

mistakes you are eliminating the amount

of money that you are losing the second

mistake is to use key levels a lot of

new Traders they will get into a trade

randomly anywhere just because they see

price going up or they think that price

is going to go up so they will get in

for a buy you guys cannot trade like

that if you want to become a

consistently profitable Trader what you

should do instead is to trade when price

is at a key level example of key levels

are things like your trend lines support

and resistance levels supply and demand

zones I have literally done like a

complete guide like a full length

tutorial on each of these key levels

where you can check it out on my YouTube

channel but I personally prefer to use

supply and demand zone for those of you

who do not know what is supply and

demand it is basically aggressive buying

and aggressive selling let me show you

what I mean on the charts you can see in

this example there is a lot of

aggressive selling at this area right

here how do we know that because that is

multiple red candlesticks in a row which

tell us that there is a lot of sellers

in the market a lot of selling pressure

and momentum pushing the price down so

over here this is where we can draw our

supply zone so somewhere around here

this is our supply Zone because there's

a lot of selling pressure around here

and there's multiple red candlesticks so

what you want to do after drawing your

supply zone is to wait for price to come

back up to this Supply Zone and then

that is when you can look to enter for a

cell so in this case you can see price

eventually went back up to our supply

Zone and we could have easily entered

for ourselves right here place our stop

loss above the supply Zone and then

place our take profit at the next key

level around here as you can see in this

case there is multiple green

candlesticks three big green

candlesticks in a row which tell us that

is a lot of buying pressure a lot of

buyers in this market pushing the price

up so in this case what we can do is

that we can draw our demand Zone

somewhere right around here and the next

step is for us to wait for price to come

back down to this demand Zone then we

can look to enter for a buy so right now

we still be patient and wait for price

to come back down right here as soon as

price come back down to this demand Zone

look at what price did price start going

up a little bit giving us a little bit

of buying pressure because remember

buyers are waiting at this demand zone

so in this case once price came back

down to this demand Zone you can look to

enter for or buy somewhere right around

here and look at what price did price

actually literally ruptured and went up

to the Moon make use of this supply and

demand zones the Third Secret is to take

the right trade when someone asks me how

many trades do I take per day I straight

up know that they are broken remember

more trades does not it go to more money

when it comes to trading I want you to

focus on quality instead of quantity

instead of taking many shitty trades in

a row focus on taking one good trade

followed by another good trade and then

another good trade like a sniper do not

force trades just because you feel like

you have to trade every single day do

not Chase threats or Revenge trade or

over trade you should only be taking a

trade when there is an opportunity if

there is no opportunity stay out of the

market as simple as that so taking the

right trade will help you build up your

trading skills imagine that

it's like a game and you are at level

one because you are a newbie so to level

up you have to take the right trade and

every single time you take the right

trade that one good trade you can go up

by one level so once you level up

actually build your trading skills you

will eventually make more and more money

as a Trader you go out there and learn

everything there is to know about

trading and then you keep applying what

you learn in trading so you can gain

experience so once you have enough

experience trading actually becomes like

second nature like a muscle memory oh I

seen this setup before I know how to

trade this setup because I've seen this

same setup one thousand times look at

lawyers doctors professional athletes

why do they get paid so much money

because they have skills and they know

what they are doing so if you want to

build your trading account you have to

start by building your trading skills

money will come as a buy product

remember money is a side effect so you

should never ever focus on making the

most amount of money first focus on

building your trading skills first then

money will come let me show you what I

mean let's say that success is appeal

and appeal has many different

ingredients right and also side effects

let's list out some of the ingredients

of success so firstly obviously we got

hard work in order to become successful

obviously you have to work as hard as

possible people are working nine to five

you should be working from 9 to 12 a.m

discipline you need to discipline to do

the hard things especially when you

don't feel like it when I wake up this

morning I do not feel like recording

this video but I do it anyways because I

want to become a successful YouTuber oh

I don't feel like following my trading

plan I do it anyways because that helps

to build up my discipline as a Trader

and in order to become successful I know

that I need discipline and another

ingredient could be taking the right

trade just now I talk about how

important it is to take the right trade

right and also a good trading strategy

in order to become a successful Trader

if you give a [ __ ] trading strategy

guess what you won't become successful

no matter how disciplined or how smart

you are so make sure you go and back

test and find that one beautiful trading

strategy and then use that one high win

rate trading strategy and then you also

need to practice proper risk management

right in order not to blow your small

trading account so all of these are some

of the ingredients of success appeal has

side effects let's say number one

Freedom all right I talk about this a

lot the importance of freedom in humans

life when you actually Master trading

and actually become a consistently

profitable Trader and a successful

Trader like me you will experience all

types of Freedom the three main types

are location Freedom which means you can

work wherever you want you can be

sitting on a beach in Thailand you can

be traveling to Europe looking at some

beautiful snow and be trading that's

location Freedom that is also your time

Freedom time freedom is where you are

able to work whenever you want right you

don't have a boss to tell you that

oh hey bro you have to report uh the

office at 8 A.M thirdly it's your

Financial Freedom which brings me to the

next side effect which is money right

money catching baby so obviously when

you become a successful Trader obviously

money will come as a buy product you can

see I did not lease money as one of the

ingredients even though you need money

to trade right you should never ever

focus on making money first focus on

becoming a better Trader and money will

come so the third side effect clouds

okay as you become depending on what you

want to be maybe you want to be a

private person and you will have your

Instagram on private you don't want to

share your profits or whatever then

maybe you won't get this but chances are

if you want to become famous you will be

able to do that if you become successful

if you are a shitty losing Trader no one

is going to give a single solitary [ __ ]

about you you will not get Club if you

are a shitty Trader but if you become

successful Trader you actually work the

talk like what I do and you actually

become a successful Trader then Cloud

come as someone like a buy product this

is just like my unfiltered opinion and

because I've managed to achieve these

three things because I put in all of

these ingredients right I actually work

hard had a discipline to follow through

then all of these things come along as

like a side effect of my hard work so I

want you to focus on building up your

trading skills by taking one good trade

at a time the fourth secret is

Progressive overload if you go to the

gym you probably heard of this term

called Progressive overload so the

definition of progressive overload is

when you slowly increase the weights

frequency or number of reps in your

workout so let me give you an example

you did eight bicep curse with a 10 kg

dumbbell this week you should aim to do

10 reps of bicep curse with the same 10

kg dumbbells so by increasing the amount

of repetitions that you do every single

week this challenges your body and then

allows your muscle to get bigger and

stronger so to grow your small account

fast us you need to apply the same

concept of progressive overload slowly

increase your lot size as you trade and

the keyword here is slowly most of you

want to rush the process and try to make

the most amount of money as soon as

possible oh I want to become a

millionaire next week in trading trust

me when I say that this mindset will

actually cause you to lose more and more

money so if you are trading a small

account you have to increase your lot

size little by liter why there are two

reasons number one if you increase your

lot size by a lot and you lose a trade

you will take a big hit to your trading

account and you will lose like a big

chunk of your trading account the second

reason is that it actually messes up

with your psychology and mindset let's

say that you are risking ten dollars per

trade so every single day you trade that

you take you are risking ten dollars and

then you start making some nice profits

right you actually start making some

nice profits making some money in your

trading account so you start increasing

your lot size and you start risking more

money so you start risking 20 dollars

per trade right and then you make some

more nice profits and then you start

risking thirty dollars per trade and

then you reach 50 per trade and then

eventually you reach 75 dollars per

trade this is a very good example of

increasing your lot size slowly and

steadily AKA Progressive overload

however let's look at another example

let's say that you have this friend

named John also starts by risking ten

dollars per trade right every single

trade that you take can reach ten

dollars on each trade and then once

again you start making some nice profits

but this time around the next trade that

you take kid risk 100 per trade so it

actually lose that 100 and I can take

another trade because like if you like

what I am very angry I want to Revenge

trade right I want to make back the

hundred dollars that I lose so I'm going

to take another trade and I'm gonna go

big so I take another trade and raise

another 100 and this time round I

reached another hundred dollars lost

that same trade so John just lost two

trades in a row two trades and every

time he lose he lose hundred dollars so

if you lose a total of two hundred

dollars and guess what John's trading

account only have two hundred dollars so

he end up blowing his entire trading

account let me tell you something this

literally messes up your psychology and

your mindset now John thinks that he is

the worst Trader in the world and he

quits trading

please guys increase your lot size

slowly and steadily do not rush the

process the fifth secret is to improve

every day make tomorrow better than

yesterday a lot of you broke this thing

that your life is fixed and that you

cannot do anything to change the

situation you are in bread I am broke so

I don't have enough money to trade I

can't trade and I can't do anything

about it can you borrow me some money

well have fun staying poor you always

have a choice go get a job at McDonald's

or something and improve or rather

increase your income so that you can

actually have some money to trade with

your circumstances do not define who you

are as a person the thing about life is

that there is always tomorrow so if you

made a mistake and lost money on a trade

yesterday or last week or last month

guess what nobody cares that's all in

the past you always have tomorrow so do

not beat yourself up just because you

make a stupid mistake that causes you to

lose money when trading just learn from

the mistake and move on and trade better

tomorrow remember life is like a video

game but one day you'll be game over and

the question is how did you play the

game did you win or did you lose Merry

Christmas everyone I want all of you to

stop looking at the charts and go out

there and spend some time with your

loved one and have a good holiday rest

take this time to go reward yourself so

they can come back and destroy the

charts with a clearer mind and also more

motivation to keep pushing and smash the

like button if you've enjoyed this video

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to see a scalping strategy that will

allow you to grow your small Forex

account super duper fast and remember

you're just one trade away