How I Earn $95 Per Hour Trading Forex Using a Simple RSI Strategy (& How You Can Too!)

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If you’ve ever thought that trading forex required massive technical skills, expensive tools, or 12-hour days glued to your charts—let me tell you, it doesn’t. When I first started forex trading, I was overwhelmed by complex indicators, dozens of strategies, and conflicting advice online. But through trial, and error, and disciplined practice, I stumbled upon a simple strategy that completely changed the game for me.

It all came down to one tool: the Relative Strength Index (RSI). With this single indicator, a bit of patience, and clear goals, I consistently make $95 an hour—and often more—trading forex. Today, I’m breaking down my exact strategy in a way that anyone can understand and implement.

By the end of this post, you’ll have a step-by-step plan for executing trades, setting profit targets, and scaling up over time. And I’ll even show you live examples of this strategy in action.

Ready to start trading smarter, not harder? Let’s get into it.

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1. What Is the RSI Indicator & Why Does It Matter?

Let’s keep this simple: the RSI (Relative Strength Index) is an indicator used to measure momentum. It tells you whether an asset—like a forex pair—is overbought or oversold, signaling when price movements are likely to reverse.

• RSI Levels:
• Above 70: Overbought (price may reverse down).
• Below 30: Oversold (price may reverse up).

In my strategy, the magic happens when the RSI dips to 30 or lower—that’s when I look for buy opportunities.

Example 1: Here is a simple line graph example of how the market reaches Overbought & Oversold Zones where to can take buy & sell opportunities!

Example 2: Here is another of how it plays out on the chart with the RSI indicators displaying the zones.

Example 3: Here is another example of how it plays out on the chart on my live chart!

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2. Why I Love This Strategy

There are tons of strategies out there, but here’s why this one works for me (and why it can work for you too):

1. It’s Simple: No crazy combinations of indicators. Just the RSI.
2. It’s Reliable: When the RSI hits 30, reversals are highly likely.
3. It’s Quick: I often hit my profit target in 10-20 minutes and close my trade.
4. It’s Scalable: By setting hourly goals, I can steadily build up profits over time.

My Step-By-Step RSI Trading Strategy

Step 1: Add the RSI to Your Charts

• If you’re using MetaTrader 4/5, TradingView, or any major platform, the RSI will be available under the indicators tab.
• I recommend that you get trade currency pairs like GBP/USD e.t.c
• Set the RSI parameters:
• Period: 14 (default).
• Levels: 30 & 70.

This setup lets you easily identify overbought & oversold conditions.

Step 2: Wait for the RSI to Hit 30 (Oversold Zone)

This is where patience comes in.

• The RSI will drop to 30 when a currency pair is in a downtrend and oversold.
• Don’t rush! Wait until the RSI confirms its position at or below 30 before entering a buy trade.

At this point, I’m confident the market will reverse upwards, and that’s where I make my move.

Step 3: Enter the Trade

Once I see the RSI hit 30 and a reversal begins, I place a buy order. A few key things to note:

1. Position Sizing: Start with small lot sizes if you’re a beginner. Never risk too much in a single trade.
2. Stop Loss: Set a stop loss slightly below the recent low to protect your capital.
3. Take Profit: I target small, consistent profits rather than aiming for unrealistic gains.

Step 4: Manage the Trade & Secure Profits

The RSI strategy is all about patience and precision:

• Watch the trade progress, and don’t panic over small movements.
• As soon as my profit target is hit, I exit the trade. Whether I make $20, $90, or $200—it’s all about consistency.

Caption: SO here is the trade that went into profit, note that as it enters into profit it will fluctuate, but be patient but this is around the zone where you can start to take your profit!

Step 5: Move On & Don’t Overtrade

One of the most important lessons I’ve learned is not to get greedy. Trading is not about hitting home runs every time. Even if I hit $95 for the hour, that’s enough for me to walk away and come back later.

Why? Because consistent small wins add up to life-changing income.

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3. Why This Strategy Works: My Key Rules

To succeed with this RSI strategy, I follow a set of rules that keep me focused and profitable:

1. Only Trade Clear Setups
• If the RSI isn’t at or below 30, I don’t trade. Period.
• Never force trades—wait for the market.
2. Stick to Small, Realistic Goals
• My hourly goal is $95. This adds up to $380/day (4 hours a day), $1,900/week, and $7,600/month.
• As I gain confidence, I scale up, aiming for $200/hour on certain days.
3. Protect Your Capital
• Use a stop loss to prevent big losses if a trade doesn’t go your way.
• Only risk 1-3% of your total account balance per trade.
4. Take Profit Early
• Don’t stay in a trade longer than you need to. If I hit my target, I close the trade and move on.
5. Control Your Emotions
• No revenge trading. If I lose more than 3 trades in a day, I stop trading for the day.

Caption: I finally closed out at $95 for the hour I was waiting for TP but unfortunately it did not reach my level!

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4. The Power of Hourly Goals (& How I Do the Math)

Let’s break it down to show how this simple $95/hour goal can add up:

• 1 hour = $95
• 4 hours/day = $380/day
• 5 days/week = $1,900/week
• 4 weeks/month = $7,200/month

Here’s where it gets exciting. Compounding these earnings across a year:

• $6,800 x 12 months = $81,600 per year.

And this is me trading part-time! Scaling up (e.g., aiming for $200/hour) would push this well over six figures annually.

5. Live Example: RSI Strategy in Action

Let’s walk through an actual trade I recently executed using this strategy:

1. Before Trade: I noticed the RSI had dropped to 29.8 on a 15-minute chart. Price was moving in a clear downtrend.
2. During the Trade: I waited for the RSI to show upward movement. Once price began reversing, I entered a buy position.
3. After Trade: Within 15 minutes, the price shot up, and I closed my trade with an $95 profit.

6. Tips for Beginners: Start Small & Scale Up

If you’re new to forex:

1. Use a Demo Account: Practice this strategy without risking real money.
2. Trade Small: Start with tiny lot sizes to protect your capital.
3. Set Goals: Even $20/hour can add up as you build confidence.

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My Final Thoughts - How Trading Changed My Life?

Thanks to this simple RSI strategy, I now have the freedom to trade when I want, hit my goals, and get on with my day. Whether I’m spending time with my family, watching a movie, or traveling—I never feel stuck in the charts.

Trading isn’t magic, and it doesn’t happen overnight. But with a clear plan, patience, and discipline, you can transform small profits into serious income.

So what’s stopping you? Open a chart, set up your RSI, and look for the 30-level setup. Start small, stay consistent, and get this money! 💰

Caption: Here's my opening balance for the trade so you can see my profit gain!

Caption: Here is the final balance after the trade making an extra $95 for the hour! - “Small wins lead to big results. Trust the process & trade smart.”

What do you think? Let me know in the comments if you’ve tried this strategy or if you have any questions about getting started! 👇

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