After researching on account flipping I gathered enough data and came to the conclusion of the 3 requirements to Account flipping.
1) high leveraged broker
So if we're going to turn small amounts into very large amounts we will need a broker that lets us be able to open big lots on small accounts. So a broker with high leverage is important.
2) risk management
The risk management for account flipping is very different from the one for normal trading since a bad trade means losing the whole account, so you need to deposit what you are willing to lose. For example, let's say I just put $100 into the broker, I won't transfer the whole $100 in my trading account, I'll put just $5. Because of the high leverage account il use a big lot size on the small amount to make greater profits, but if I lose, I just lose $5.
Because of this, I'll have 20 more trades, instead of putting the whole $100 and losing all of it.
3) edge/strategy
And now for the important part, edge. You need a strategy which provides high quality trades, so that you go hard when the setup comes.
There will only be 2 options, either you win big or you lose the money. Losing won't be a problem at all since you only risked a small portion of your account not all of it.
If done well, you only need 1 or 2 good trades out of 10 to be in really good profit.
This is a just a brief summary on Acoount flipping, there are several other ways aswell for account flipping for example
- having a very high winrate strategy, and risking your whole balance aiming to win 5-8 straight trades in a row. As simple as it sounds the results do look insane. Il provide visual examples in the next upcoming video.
- Having a high reward to risk strategy and compounding your trades. This is one of my favourite. Because of the compounding effect if you lose, you lose a little but if you win you win big. You can have a chain of loses but still not blow your account because we risk less when we lose, but risk more when we win, removing the anxiety and fear of losing from your trading. Will provide visual examples of this aswell in the next video.
So the upcoming Account flipping private group will be solely focused on these concepts and as a community il take recommendations if people have a concept they have in mind and create a software for us to use in the group according to the peoples recommendations, but im confident the trade mangers and softwares I provide will cover all our needs. Im excited aswell for this journey since it will be the first time switching away from the traditional ways of trading. Because it’s a new concept, the people who join the first group will get 3 months, plus access to indicators for the strategies on the Mql5 market upon purchase on the market, and im sure in 3 months its enough time to know if it works for you or not or if you are profitable enough to join monthly afterwards or not.
And since im doing this by myself there will be limited seats so that im able to attend to peoples queries for the newbies aswell,
i recommend people familiarize with volatility indices since those are the ones we will trade a lot because they can be traded 24/7, require as little as a $1 to trade, have close to no spread, have no news and spikes and can trend for large periods of time making them perfect for account flipping and high reward to risk strategies. You can take a look at Deriv broker here
Stay tuned for the next video as I get into further details on the above mentioned topics. Happy trading.
