How to Start Trading With $0 (Step-by-Step Plan)

How to Start Trading With $0 (Step-by-Step Plan)

You clicked on this blog because you want to trade. You've got no money. You've got no capital. And you don't know where to start. And you're tired of people telling you just deposit $1,000 and you can start trading. And you don't have $1,000. It's a problem. In this blog, I'm going to show you how to start from as little as $0 and give you a step-by-step plan on how to get from where you are now to where you want to be.

Darin, This Blog Is For You

Darin, this blog is for you. And for those of you that don't know, every single week I make a customized, personalized blog response to one of your questions in the comment section down below. Darvin essentially asked, "Can you make a blog for traders who may not have starting capital?" Absolutely, bro. Let's get into it.

Why Most Traders Fail Before They Even Start

The truth of the matter is people usually don't just fail at trading, they fail to start trading because like they'll lose five bucks and then they'll just completely quit and they go into that 95% of failed traders bracket. Traders think they need thousands of dollars upfront or they get discouraged when $10 profits feel pointless. But I can genuinely tell you, you don't need $1,000 to start. You just need a good plan and a little bit of patience. Starting from zero is the hardest thing ever. Once you get out of this rut, you're good to go.

Step One: Hustle Method – Make Your First $100

So, how would you start with $0? You've probably heard this before, but to make your first $100, it's easiest to do it via the hustle method. Find free stuff on Facebook Marketplace, especially bigger items like furniture, or find something in your house that you don't use anymore, like an old laptop or an old phone, and sell it on eBay. Or if you don't have any of those things, no tech, don't have access to Facebook Marketplace, walk around your neighborhood, mow a few lawns, walk a few dogs, or babysit for cash.

Genuinely, when I was hustling, retail arbitrage was my jam. I would buy stuff at Marshalls and flip it on eBay or Amazon, but the best and easiest profit things was borrowing my buddy's truck, going to pick up a free couch on Facebook Marketplace, cleaning it up, and selling it for $200. It was like one a week flip.

Step Two: Open a Micro Account With Your $100

All right, step two. Now that you have that $100, I need you to open up a micro account. Now, this part goes two ways. If you've never traded before, you need to trade on a demo account. Like, that's plain and simple. It's an absolute given. Don't trade with real money if you don't know how to do it yet.

But if you do know how to trade and you just needed the money, take that $100 that you made from flipping stuff and stick it into a broker. Right now, Gates FX, you can get 125% bonus when you deposit. So, like your h 100red bucks will not just be 100 bucks, it'll be 225 bucks. So, boom, instantly more money. Great.

The $20 Strategy: The 20 Pip Challenge

And for those of you that can't get that $100 and you can only manage to scrge together 20 bucks, I got something amazing for you. Check this out. This is something that I used to make one of my first large trading accounts. I call it the 20 pip challenge, but essentially it's just taking 20 bucks and compounding it.

So, you take 20 bucks, you risk 15%, which is an absurd amount, and I don't recommend this to everybody. So, this is your massive caution. This is stupid. It teaches bad habits, but it's a good way to take a little bit of money and turn it into a lot of bit of money.

So, you take 20 bucks, you risk 15%, your profit goal is $6, your balance will be 26. That's a 30% profit. Once you made that trade, you add your Trading View screenshot right here, and move on to the next one. Now, you have 26 bucks. You do it again. You risk 15%, your profit goal is 780, you get to $34. Again, add your Trading View screenshot of your successful trade and move on to the next level.

Eventually, if you keep doing this, you have the potential to get your account balance up to $52,000. This is the most ridiculously difficult thing to do ever because you have to have 30 successful trades in a row. That's actually not possible, and you will lose trades.

But the cool thing about this is, let's say you're on level 11, you have $276, and you lose this trade. You just fall back to the previous level and do level 10 over again. So, you'll have like two steps forward, three steps back, five steps forward, two steps back.

It's a great way and a very lowrisk way to take a little bit of money and turn it into something that's actually feasible for trading. And the best part is even if you don't get all the way to the end, that's okay. Most people that I've seen and it's been like thousands, they've gotten to level 14, 13, 7, they've done something. They've taken that small amount of money and they've grown it. It's just a psychological issue after that level. It gets really tricky when you're losing thousands of dollars per trade. You can find that spreadsheet for free at tmafx.com. Or I'll just put it at the end of this one.

Option Two: For People Who Have a $1,000 Account

All right, now let's get into option two. And this one is my favorite because most people are in this area. They're not completely flat broke and homeless living on the streets in a cardboard box. They have a full-time job. they have a family, they have a little bit of side money that they want to start trading.

So, let's say you got a $1,000 account already and you're already trading profitably. But if you break that down and you're doing proper risk management and you're risking 1% per trade, making 2% profit or even 1.5% profit, that means you're only making about $15 to $20 per trade. It's not a lot of money and it takes a very long time to grow into something substantial where you can quit your job using that income.

Scaling With Prop Firms (Only for Profitable Traders)

Now, here's what I recommend, and I only recommend this to people that have been trading a $1,000 account and have been profitable for an extended period of time, and you can prove to yourself for a fact that you are a profitable trader, but your only limitation is that small capital.

Again, this is a massive warning. I don't want you guys to lose, waste, or risk money stupidly. What I want you to do is take that $1,000 trading account and withdraw $500 of it. Leave the other 500. You don't need it. You can sit on that.

Go to Funder Pro. Select the $100,000 account. It costs $549. Type in the coupon code TMA15. Click apply. And you will save $54. Because you are already proven to be a profitable trader. Now you have the chance to prove it to other people.

Funder Pro is basically like a liquidity provider. They provide capital to traders to trade money and they profit off of your winnings. It's an 8020 split. You keep 80% of the winnings, they take 20% of the winnings. This is called a prop firm challenge. They challenge you to make 10% on the account balance. So, they'll give you a demo account with $100,000. You make 10%. You pass. You do it again. You pass. and they give you an account that has $100,000 of trading capital in it. And every single trade that you make, every single dollar profit that you make, you can get 80% of that in your pocket every single day if you want to. This is the most low risk best option for all traders.

But, and I say this again, please listen to me, only do it if you are a profitable trader.

Option Three: Earn As You Learn (If You’re Still Struggling)

But what if you're in a situation where you want to start trading, but you keep losing, you don't really know everything about trading. You've watched hundreds of YouTube videos and it's still not clicking for you.

On our Discord group, every single day, we send you trade ideas. You can take these trade ideas and enter these trades and make money and trade and profit without actually knowing how to trade. It's kind of wonderful. And we call it the earn as you learn program because you can earn money from day one trading while you learn all the things that you need to know about trading to be a good trader. It's very important that you do both at the same time.

Proof: My Live Account Results

Now, I'm going to show you something because it's really freaking cool. This is my MT5 account. You can see that I deposited $10,000 and I got a bonus of 125%. Giving me an additional $12,494. These are the trades taken from earn as you learn daily trade ideas for you to use. So far, $437 in profit since June 26th. It's a good idea to try it.

Final Tools and What to Do Right Now

Everything that I mentioned in this blog are the first three links below. You have my website for the free spreadsheet. You have the broker with the deposit bonus. You have fun pro so you get a $100,000 account. And you have the earn as you learn program.

Your one job right now is to find something in your house that you can sell to get a little bit of capital. Or if you don't have anything, find something on Facebook Marketplace for free.

These are all of the tools and all of the step-by-step process that you need to get started trading with literally $0 in capital or a very little amount of money.

If you guys got some value out of this, leave a like down below. And if you have questions that you want a video response to, leave them in the comments. Thanks so much for reading and we will see you in the next one.