THE WINNING FORMULA:

$10,000 A MONTH TRADING

By Ewen Collier

Welcome to "The Winning Forumla: $10,000 a Month Trading." If you require

support, assistance, or guidance, you can reach me in the WxCafé Discord
lounge. You can click the hyperlink or find the invitation in my Instagram bio.
Otherwise, enjoy!

Accelerating Your Trading to $10,000

Making $10,000 a month consistently in trading isn’t realistic unless you have
enough starting capital. However, these days, with access to prop firms and
funded accounts, it has become a very possible and achievable goal.

Nowadays, there’s no need to trade with your own capital when you can access
prop firms that will fund you with $100k, $1 million, or more. Why risk your capital
when you can have a prop firm provide the vehicle for your ambition? Funded
accounts are the perfect solution if you have low starting capital and want to
reach $10,000 a month trading.

If you’re looking for a prop firm and want to get funded, I’m currently partnered
with FundedNext and have an exclusive link that grants you access to discounts
and bonuses on funded accounts up to $300,000. To access funded accounts
via my link, simply CLICK HERE. Additionally, for an additional 5% discount, use
promo code: EWENCOLLIER.
Back to trading. Let’s use an example where you’ve secured $50,000 in funding.
Reaching $10,000 a month accelerated by a $50,000 funded account requires
strategic planning, risk management, and disciplined execution. Let's break
down the math and calculations.

Forex Formula
Initial Account Balance: $50,000

Monthly Profit Target: $10,000

Define the Trading Period: Assuming you trade 20 days a month (typical for a
full-time trader).

Calculate Daily Profit Target: To make $10,000 in a month, you would need to
make $500 profit per trading day. ($10,000 / 20 days = $500 per day)

Risk Management and Position Sizing: A commonly recommended risk per trade
is around 1-2% of your trading capital. Let's use 1% for this example to ensure
conservative risk management. This means for a $50,000 account, you'd risk
$500 per trade.

Risk-Reward Ratio: Assume you maintain a risk-reward ratio of 1:2. This means
for every dollar you risk, you aim to make $2.

Calculate Position Size: With a $500 risk per trade and a 1:2 risk-reward ratio,
you're willing to lose $500 to make $1000.

Risk per trade: $500 - Reward per trade: $1000

Position size = Risk per trade / Stop Loss in Pips

Determine Stop Loss: Assume your stop loss is a certain number of pips away
from your entry price for each trade.
Example Trade:

If you're trading EUR/USD and your stop loss is 50 pips away from your entry
price:

Position size = $500 / 50 pips = 10 lots (using standard lot size of 100,000 units
per lot)

Risk-Reward Ratio: For a 1:2 risk-reward ratio, you're aiming to make $2 for every
$1 you risk.

Daily Trading Goal: With a position size of 10 lots and a target profit based on
the risk-reward ratio, your daily goal would be to make $500.

XAUUSD Forumla
Initial Account Balance: $50,000

Monthly Profit Target: $10,000

Define the Trading Period: Assuming you trade 20 days a month (typical for a
full-time trader).

Calculate Daily Profit Target: To make $10,000 in a month, you would need to
make $500 profit per trading day. ($10,000 / 20 days = $500 per day)

Risk Management and Position Sizing: A commonly recommended risk per trade
is around 1-2% of your trading capital. Let's use 1% for this example to ensure
conservative risk management. This means for a $50,000 account, you'd risk
$500 per trade.

Risk-Reward Ratio: Assume you maintain a risk-reward ratio of 1:2. This means
for every dollar you risk, you aim to make $2.
Calculate Position Size: With a $500 risk per trade and a 1:2 risk-reward ratio,
you're willing to lose $500 to make $1000.

Risk per trade: $500 Reward per trade: $1000 Position size = Risk per trade /
Stop Loss in Pips

Determine Stop Loss: Assume your stop loss is a certain number of pips away
from your entry price for each trade.

Example Trade:

If you're trading XAU/USD and your stop loss is 100 pips away from your entry
price: Position size = $500 / 100 pips = 5 pips

Daily Trading Goal: With a position size of 5 pips and a target profit based on
the risk-reward ratio, your daily goal would be to make $500.

Stocks & Shares Formula

Initial Account Balance: $50,000

Monthly Profit Target: $10,000

Define the Trading Period: Assuming you trade 20 days a month (typical for a
full-time trader).

Calculate Daily Profit Target: To make $10,000 in a month, you would need to
make $500 profit per trading day. ($10,000 / 20 days = $500 per day)

Risk Management and Position Sizing: A commonly recommended risk per trade
is around 1-2% of your trading capital. Let's use 1% for this example to ensure
conservative risk management. This means for a $50,000 account, you'd risk
$500 per trade.
Risk-Reward Ratio: Assume you maintain a risk-reward ratio of 1:2. This means
for every dollar you risk, you aim to make $2.

Calculate Position Size: With a $500 risk per trade and a 1:2 risk-reward ratio,
you're willing to lose $500 to make $1000.

Risk per trade: $500 Reward per trade: $1000 Position size = Risk per trade /
Stop Loss per share

Determine Stop Loss: Assume your stop loss is 2% of your entry price for each
trade.

Example Trade:

If you're trading a stock priced at $100: 2% of $100 = $2 (Stop Loss per share)
Position size = $500 / $2 = 250 shares Target profit = $2 * 2 (for 1:2 risk-reward
ratio) = $4

Daily Trading Goal: With a position size of 250 shares and a target profit of $4
per share, your daily goal would be to make $500.

Trading Strategy
Every trader has their own strategy, so I cannot tell you exactly what to do.
However, consider Order Blocks, Fair Value Gaps (FVG), Fibonacci retracement
(FIB) levels, swing highs and lows, support and resistance, and more to create
your confluence and overall strategy to identify winning trade setups.
Alternatively, see the end of this guide to learn mine and my team’s strategies.

Adjustments and Realities:

Remember, trading involves risks and uncertainties. Not all trades will be
winners, so it's essential to have a strategy for managing losing trades. Always
trade good risk-reward (RR) trades to make sure that your potential rewards
are greater than your potential losses.
This way you can make up for several losses with just one win, increasing your
chances of reaching $10,000 a month trading.

Always remember this:

1:3 risk to reward means you need a 25% win rate to break even.
1:2 RR means you need a 33% win rate to break even.
1:1 RR means you need to win 50% or 1 out of every 2 trades to break even.

Then, continuously adapt your strategy based on market conditions and the
performance of your trades. If you're consistently falling short of your targets or
experiencing significant losses, reevaluate your strategy and approach.

Be sure to read and learn from all of my FREE GUIDES AND RESOURCES to help
you become a profitable trader.

Additionally, be mindful that trading involves risks, and there are no guarantees
of consistent profits. It's crucial to trade responsibly and manage your risks
effectively.
If you’re still not confident enough to trade your funded account on your own,
me and my team live stream our trades every day during the New York session
for our community members to follow along to learn and earn with us.

If you would like to join us, check out the WxCafé website and join our Discord
for live trading sessions, educational masterclasses, and much more.

As always, feel free to send me a message if you need any help!

Thank you,

Ewen Collier (Founder & CEO of WxCafé)