In the middle of March, Robert Koch Institute (a major German research institute subordinate to the Ministry of Health) warned that the new coronavirus pandemic may last into 2021. The global quarantine, and the economic recession with it, promises to stay there for just as long. Considering the situation, it is of vital importance to establish a stable source of income that can be generated working from home.
As we wrote earlier, the balances of our clients saw a surge with the pandemic’s expansion and stricter lockdown measures across the world. Withdrawals of profit are also on the rise, and trading activity continues to grow.
Over the last week, our most active client placed 766 trades, including 431 profitable ones. Trading involved EUR/USD and NZD/JPY.
A euro/dollar position was the week’s most profitable trade at Grand Capital: on March 27th, it brought the trader $6,037.68 in four hours.
The highest profit in one week on one Grand Capital account amounted to $12,044.78.
The most popular instruments from March 23rd to 27th were EUR/USD, GBP/USD, AUD/USD, USD/CAD, GOLD, EUR/GBP, USD/JPY, GBP/JPY, EUR/JPY, and AUD/CAD.
In the meantime, Grand Capital continues to encourage new clients with a welcome bonus. Twenty-three traders claimed 40% bonuses for their first deposits from March 23rd to 27th, $9,798 in total.
Full-time trading: from a paying hobby to the main source of income in 4 months
A Grand Capital client from Oman shared a story of making Forex his main source of stable income. Introduced to Forex in 2009, he traded on and off for several years before taking a five-year break. In October, he made a comeback and registered an account with Grand Capital.
Early on, his trading returns made up merely 5–7% of his monthly budget. “First I was afraid of big trades after immediately losing two deposits of $100 each, then I learned to remain afloat with small profits from cautious trades. It took me 8–9 hours in a day. After a month I realized that I needed professional guidance, so I signed-up for training in one of the partner offices of Grand Capital in Oman, and after I finished the full program my weekly profits reached $300–400 (30% of the overall budget) thanks to my teachers.”
Trading GBP/USD, EUR/USD, and gold, the trader employed fundamental and technical analysis. In times of important news releases, he placed exclusively pending orders using one of the old-school trading techniques: when applied rationally, such a tactic can bring 15–20% of the initial deposit in a couple of minutes.
Today he dedicates 2–4 hours to trading every day, making the same 30% of his initial deposit. With larger deposits, these 30% already mean $1,500 of additional income in a month. He doesn’t intend to remain satisfied with what he’s achieved, and plans to take his trading income to $10,000 a month using the same trading system.
“If the market is actively moving, I follow the trends, start scalping. On good days this technique brings me 10%. If the market is slower, I don’t take risks and usually open one position in 3–5 days,” the trader shares the secrets of his system.
This experience, like in cases of many other successful market players, shows that larger deposits are inevitable if you want to grow your profits without breaking from your trading system. But before any of this is possible, it’s necessary to dedicate a lot of time to studying the inner workings of the market and working out your own trading system. And the quarantine is the best time to do it.