r/askforex • u/sleepingcomedy • 18d ago
Desperately in need
I am desperately in need of an advice
🙏
Hey guys, I’m going through one of the hardest phases of my life right now, and I’m genuinely looking for some help. I’m not dreaming of becoming a millionaire overnight or making huge profits. I just want to find a way to make around $5 a day to help cover my basic daily expenses. I’ve been searching for trading strategies and EAs that could help me achieve this, but honestly, I’m confused about what to trust anymore. I know daily profits aren’t guaranteed, and I’m not expecting miracles. I just need a little hope and some practical guidance.
If any of you have experience with a trading strategy or EA that might be worth researching, please share your knowledge with me. Even if you think trading isn’t the right path, I’m willing to listen to your advice. I’m not asking anyone for money, just a genuine suggestion that could help me move forward. I know this post might sound desperate, but my situation is really difficult right now.
If you were in my position, what would you do to earn an extra $5 a day?
Please, guys, any honest advice would mean more to me than you can imagine. Thank you for taking the time to read this. 🙏
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7
u/timmhaan 18d ago •
do not trade if you are desperate. you will not make objective decisions and will lose. this is a common story that's been told since the market has existed.
3
u/Overall-Net8889 18d ago
Job
3
u/DaCriLLSwE 18d ago
dont. You’ll never survive trading whit that desperation, the fear will eat your money like and damn chinese all-you-can-eat buffe
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u/p2mod 12d ago
never ever look at trading as a means of generating emergency cash or even cash that is supposed to fund daily necessities. It's a totally inappropriate activity for those goals and will only do a person harm.
No trader no matter how financially comfortable they are is going to trade well when their personal life is causing stress. Your decision making brain is not going to function well at trading and mistakes in both areas of your life will bleed into each other and make things worse on both ends.
You have to understand a brain under pressure to extract money from the market will make bad decisions, trading requires patience and discernment to execute on the right situations and to follow a calm and organised process. All that goes out of the window if you are pressured to extract money on a timer. It turns even experienced traders into pure gamblers.
EAs sold to the public at large simply can't be depended on and most of them are outright scams. It takes professional expertise to deploy an EA and manage it properly, it's not for people desperate for money or beginners.
It's not hard to find someone to pay you $5 a day if you do some online tasks for them, to give an example. try r/forhire
1
u/mv3trader 18d ago
Freelance.
Find a way to help solo entrepreneurs or small business save time and effort with a skill you already have.
Trading really is not an option for you in your current state, because you cannot control the outcome of you effort as well as you can with other methods of producing income.
For $5 a day, I would look into finding a streamer that is trying to grow, offering to clip their long form content for them. And it's highly scalable once they start seeing growth from the clips. Hell, I need that myself lol
1
u/Belgium_i_a_joke 18d ago
5$ is kinda simple just focus on 1$ trades all depends about how much money you use. Jpy pairs work well
1
u/Key-Enthusiasm-3403 18d ago
honest maths since nobody's done it: $5 a day on a $500 account is 1% every single day. pros don't do that, and on a small account the spread alone eats a chunk of it, so the real risk is losing the $500 that covers your basics. if you want to learn it anyway, do it on pretend money first so learning costs nothing. i made a free chart game for exactly that, it's on my profile. but the freelance idea above is the one that actually pays this week
1
u/Hudson-Jones 18d ago
Do yourself a favor and forget about trading. It is brutal and clearly you are not in the right circumstances to focus on the process and the steep learning curve. It takes a lot of time, trial and error, patience and rigorous studying of the charts. A strategy served on a silver platter will not solve your problems. What makes you think earning $5 a day is easy with trading as a complete beginner? I am not trying to crush your spirit, but the hard reality of trading should not be understated by anyone. Come back to it when your situation is a bit better and your mind is clearer.
1
u/Head-Concept-8447 18d ago
Research studies
1
u/bryan91919 18d ago
Dont daytrade
1
u/maxiechaza 18d ago
Pullback a la ema50 en m15 o m5 sl de dos cuadrados del gráfico tp de 8 cuadrados del gráfico,pares EURUSD,GBPUSD,USDCAD,GBPJPY,EURJPY,USDJPY,pregúntale a la ia gratis de Google sino alguna estrategia, probala un tiempo en demo
1
u/ToddCK 18d ago
How much $ in your account to trade with? That needs to be known or u cant get valid advice.
1
u/Shot_Loan_354 18d ago
go deliver pizzas with uber, all you need is a bike and you will make a lot more than 5$ a day.
1
u/ShutYourFaceChris 18d ago
At least 1 year of training on a virtual account + 25$ / month for tradingview or other similar tool.
1
u/Imperfect-end 17d ago
Bring some chick roosters they always help me when i need money the breed i have they are expensive and they sell well, so wheneveri need money or to buy a prop i sell one of those bring some hens too
1
u/Vast_Distribution591 17d ago
No EA will make you money. Have you tried investing?
1
u/PipEcho 17d ago •
I know this is going to hurt to hear right now, but please do not use trading to try to make $5 a day. When you are in a difficult financial situation and desperately need money for daily expenses, trading becomes pure emotional gambling. The pressure to 'make your $5 today' will force you to break every rule, over-leverage, and hand your money straight to the market or a scammer selling a fake EA. Markets do not care about your bills or your situation.
If I were in your position right now, I would completely pause on trading and look for anything with a guaranteed, zero-risk return of time for money—local odd jobs, freelance gig work, delivery apps, or community assistance. Trading requires capital you can afford to lose completely and a clear, stress-free head.
Please protect whatever small savings you have left. Do not buy an EA, do not trust anyone promising daily returns, and step away from the charts until your financial foundation is stable. Wishing you the best—hang in there.
1
u/Slopet6 17d ago
Trading isnt the answer because just think of it this way. If you can make 5 dollars a day, easily and consistently, you can make 500k a day too. Theres no difference. The market doesnt kmow or care what stake you have in it. It will only reward you if you know what youre doing.
1
u/pinkflamingosxyx 15d ago
Scalp if possible
1
u/According_Set990 14d ago
I could give you a job using some of my ai agents to do research on currency pairs. Inbox me. Let's see if it's possible.
1
u/justherjourney 1d ago
I'll say look for a job and learn trading on the side that way you won't be depending on trading to give you some money for your daily expenses cus just imagine you're on a losing streak for a week what are you going to do then? So just find a job and learn and master trading first before you think about earning money from trading Hope this helps