TOP 4 Trading Strategies to Make $500/Day For Beginners

hey traders in this video I'll be showing you four simple tolearn trading strategies that's able to generate $500 per day in profits and of course these strategies are all back tested to have a high win percentage so you can trust that they work and the best part is that I've laid out Specific Instructions that you can easily follow so after watching this video you can Implement these steps and start trading immediately so without further Ado let's move on with the first strategy for this strategy we're taking advantage of what's called a stop hunt in order to find trade opportunities now for those of you who don't know what a stop Hunt is here's an example so let's say you look at a chart and you see the price rejecting an area multiple times so you draw a support level next as it approaches that level again you think to yourself hm the price did reverse from this support level in the past so maybe it could reverse from it once again hoping for a reversal you enter a buy position now being the dis Trader that you are you didn't forget your stop loss so you place it slightly below that support level however instead of reversing from that level price instead went down hitting your stop- loss first before reversing back up this is called a stop hunt and it is purposely done by institutions to hunt the stop losses of retail Traders Now using the right Technique we can actually use these stop hunts to our advantage to get high win rate trade opportunities and this is how so the first step is you want to to find an obvious key level this could either be a support or a resistance level but remember the key word here is obvious because you want to find a level where many retail Traders are also paying attention which is usually more susceptible to a stop hunt here we can see that the price went up to this level and reversed from it making it an obvious resistance level the next step is to wait for the price to approach that level again and break out of it once this happens you take a closer look at the price action that's happening at that area so you zoom in two time frames below for example currently we're on the 4-Hour chart so let's zoom in into the 2hour chart now in the 2-hour chart we can actually see a large green candle breaking that resistance area now a question Rises how do we know if this will be a stop hunt or an actual breakout and price did continue upwards so the good thing about this strategy is we could still make profits regardless of what's going to happen so what I do instead as soon as the price breaks this resistance area I immediately place a limit sell order below this key level now for those of you who don't know what a limit order is it's simply just an order to open a position at a specific price so only if price touches my limit order a sell position would open if it doesn't then no position would open by doing this if this breakout happens to be a stop hunt then our sell order will be triggered and we would make money as the price reverses back down however if this happens to be a real breakout and price did continue upwards our sell order would not be triggered and we won't lose any money now to add another layer to the strategy we can also place a limit by order above the breakout and the idea behind this is we're playing both directions if this was a breakout then our limit buy order would get triggered and we would make a profit as price continues to go up however if this was a stop hunt then our limit sell order will be the one that gets triggered and we would make profit as price R versus back down now of course there's still the risk that price moves in the opposite direction after whenever limit order is triggered that's why it's important to place a stop-loss and profit Target after one of them is triggered now let's see which limit order would get triggered as you can see price move downwards and triggers our salate order which opens a sell position after the sell position is opened you place a stop loss in the middle of the breakout candle and take profit at four time stop loss and as you can see see price continued downwards and hits her take profit let's move on to the second strategy so for this next strategy we're utilizing the Fibonacci retracement tool but we'll be using it slightly different from what is usually taught now for those of you who don't know how the Fibonacci tool Works here's a quick explanation so it is simply a tool that is used to identify where a pullback or a retracement might end for example if price move upwards and forms a slight retracement we can apply the Fibonacci retracement tool to know where this retracement might end to do this you drag the tool from the swing low to the swing high once applied Traders can observe these levels as they often act as possible levels where the retracement may end so for this specific strategy we're only using the 0. 618 and the 1. 618 Fibonacci level to do that you go to the settings of the Fibonacci tool and disable all the other levels except the 0.

618 and the 1. 618 once you've done that your Fibonacci tool should look like this now here's how you trade the strategy the first step is to look for a price action where there's a trend and a slight retracement like in this example next you apply the Fibonacci retracement tool on that price action from here we wait for the price to pull back towards the 0. 618 level and try to see if the price shows some type of rejection towards it to do that we do a multi-time frame analysis by looking at lower time frames to analyze the price action further so we're on the 4-Hour time frame let's zoom in into the 1H hour time frame now in the 1hour time frame we can apply the macd indicator for Trend confirmation as you can see the macd indicator crossed over upwards after price hits the 0.

618 level which further confirms that the price will likely bounce upwards from that level and so we go back to the 4-Hour time frame and enter a buy position the next step is we use the tool once again take the last highs of the retracement and drag it towards the lows of the retracement and this is where the 1.