The idea of trading to earn is to earn a monthly income with a relatively small account. To make this work I will take more risk and use higher leverage.

I will use an offshore, non-regulated broker as these are the only brokers that offer high leverage to retail traders. Regulated brokers normally offer 30:1 or 33:1 max leverage on major pairs. off-shore brokers will provide leverage up to 1000:1.

The plan

The plan is to trade my strategy as normal but use a different money management. The money management will be as follows:

• deposit 500 USD into an offshore broker account
• use 500:1 leverage
• risk 10% of the equity per trade
• withdrawal above 3200 USD

I have modeled this plan as part of my backtest and here are the results:

I use the following broker:

• SimpleFX

I use SimpleFX just by registering with an email address and by depositing in crypto. No KYC is needed for accounts in crypto. For fiat accounts, you do need to go through KYC.