How to Trade the Markets with Other People’s Money(even if you have a full time job)

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Have you ever thought about getting into trading but you feel anxious about risking your own money?

What if I told you there is a way to enter the  trading game using other people’s money(OPM)?

Would that interest you?

But before we get into that, if you’re a newbie, you’re going to need

to learn the basics of HOW to trade.

For starters, you are going to need a laptop or a desktop computer.

Yes, you can trade on your smartphone, but it is much more difficult.

Having a computer with a good size screen will make things much easier.

The charting platform that we are going to be using is called MetaTrader,

and you may choose between two versions, MT4, or MT5.

One is neither better nor worse than the other, it’s just up to your own preference.

I like to use MT5, so that’s what we’ll cover here.

Watch the video below to learn the basics of MT5.

One caveat: please ignore the instructions in the video on how to download MetaTrader.

This will make sense later. Just trust me on this, okay?

After you’ve watched the above video, you’ll want to download your MetaTrader app.

Go here (click or tap) https://traderswithedge.com/ and follow the instructions to start

your 14 day free trial and download your MetaTrader app

from the link you will receive in the welcome email.

The reason I’m recommending you start with the free trial first

instead of jumping right in, is that you will want to get some practice

time in with nothing on the line so you can learn and refine your trading strategy.

Traders With Edge is where you will be getting your funded

trader account from, once you pass one of their trader challenges.

After you’ve downloaded and learned the basics of MT5,

you will want to decide on which asset(s) you would like to trade.

I like to trade the Dow Jones Index, and you will find this in your MetaTrader

platform under the symbol US30. You will want to begin trading

with the smallest lot size available, which for US30 is 0.01 lot, or one micro lot.

This will earn you a $.10 per point profit if your trade works out.

That’s not much, but hey we’re just getting started. Once you gain some experience,

you can feel comfortable placing larger lot size trades.

These aren’t exact numbers, but let’s just say that the Dow Jones Index

moves on average 200 points per day, so when you get good at managing

your risk and you are confident in your entry and exit strategy,

placing a 0.1 lot trade, if you are right and the Index goes 200 points

in your favor, that will be a $200 profit to you.

Keep in mind also, that you can make money whether the price

goes up, or down. The type of instruments we are trading

are called CFD’s, or Cash for Difference. A buy is also called

going long, or a call option. When you “sell,” you are technically

BUYING a put option, or taking a “short” position.

Your profit on each trade is calculated by the DIFFERENCE

of how much price has moved from your entry point,

thus the terminology of “cash for difference.”

Here’s an example of my trading on Tuesday, 1/24/2023. Started at 8:30CST and

this screenshot was taken at 12:50CST. I could go ahead and exit, but

I have a take-profit target preset, and I am waiting for price to hit my target.

Not bad for a few hours just sitting around listening to your favorite metal bands, or Nicki Minaj or

whatever you like to listen to. I like to listen to Iron Maiden, Metallica, or

Slayer while I’m working out and waiting for my trade to play out.

One VERY IMPORTANT point to take notice of…you will do well to avoid

having any trades open 2 minutes before or 2 minutes after a high-impact news release.

To stay abreast of news releases effecting the financial markets, CLICK HERE.

Make sure to update the time zone once there. High-impact news releases

are designated by a RED BOX next to the news event.

The reason for staying out of the markets during these news releases

is that the market can react violently and unpredictably,

and you run the risk of losing much or ALL of your account balance.

RISK MANAGEMENT is the most important skill that you can learn!

Remember this. Proper risk management coupled with

a mature command over one’s own mind and emotions

is an UNSTOPPABLE combination.

Now, I am going to give you the ultimate CHEAT CODE

to winning in the markets. This is, as I mentioned in the title,

how you can make money trading even if you have a full time job.

Next, watch this video…

Now, that video specifically covered how to trade SPY, but if you also look

at a chart of US30, you will see that these two markets often correlate,

which means that they usually move in the same direction;

so if your analysis tells you that SPY is likely to go UP,

then you can feel relatively comfortable that US30 will do the same,

and also UStech, aka Nasdaq100 or NDX100. Also keep in mind that

SPY and the S&P500 are essentially the SAME market,

the only differences being SPY and S&P500 have a different price scale,

and SPY is not open overnight, whereas S&P500 continues to trade overnight.

The broker we will be using does not have SPY, but it does have S&P500,

which as I said is virtually the same as SPY. Just look for the symbol

SPX500 in your MT5 market watch on the left side.

Just imagine being able to place trades across three different

market instruments based on your analysis of the SPY…

Are you getting excited yet!?

Next, you will want to learn about using TradingView if you aren’t already familiar with that.

TradingView is a separate charting platform from MetaTrader, and I find

that using Tradingview alongside my MetaTrader app helps me to

get a better view on what’s happening in the markets. I like to have my browser

open to TradingView and do my analysis from there before taking trades on MetaTrader.

This isn’t absolutely necessary, but I find it makes my life easier.

Another alternative you may wish to consider is linking your trading account

to already-successful traders’ accounts to automatically copy their winning trades.

Watch this Video on our Copy Trading Service

If you do not have the capital required to start with that program,

also search on their channel for cent accounts.

With a cent account, each penny counts as one dollar,

so if for example you deposit $100 you can trade that

as if it were $10,000. Also, if you would like to use the

copy trading service to pass your funded trader challenge,

you may use a separate copy trading program to copy

the trades that are being placed in your cent account

so that they will automatically be copied to your funded

trader challenge account. This is the most stress free way

to do it, in my opinion.

To Your Success!

Sammy Heath