How do you trade forex with a small trading account? - Page 15
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Thread: How do you trade forex with a small trading account?

  1. #1
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    How do you trade forex with a small trading account?

    How do you trade forex with a small trading account?

    A lot of traders around the world want to trade forex but the sense of fear on their money is pushing them to experiment with a small amount to trade, in fact that this solution is a half solution it only preserves the rest of the funds that are not deposited in the trading broker.This simple amount that the trader has decided to deposit in the broker will go with the wind as soon as the stores start trading not because of the small amount but, because of not knowing how to trade this amount.

    The difference between trading a large account and trading with a small account:-


    Trading with a large account gives you the flexibility and complete freedom to trade on any financial instrument provided by the broker such as shares, brokers usually do not accept trading volume less than $1.
    Also trading with a large account gives you the ability to cover your losses or wrong decision while trading a small account you cannot easily err and it is not easy to correct errors.

    The trader must abide by the points we will remember:-

    1-Never underestimate your trading account:-

    Do not underestimate the trading account, which is the size of the trading strategy and not to open a trading center with the logic of what will I lose more? In fact, if you are unable to succeed in forex with a small account, you will often not be able to succeed with a large account.
    Do not break the profit and loss rule you set, for example profit 3 versus 1 loss (the profit point is three times greater than the risk).
    Follow a 1% risk rule (e.g. if the trading account is $1000, 1% will be equal to $10 you can lose $10 for each trading center only and of course applying the 3:1 rule will be profit $30).
    If this rule does not suit you first, you can adapt to it or if your account is too small to be able to implement this rule, we recommend that you open a micro trading account and we do not recommend that you easily break a 1% rule.
    Whereas, adherence to a 1% rule provides protection against opening wrong positions or a sudden event that results in a loss instead of profit or even a normal loss of stop losses.

    2-Do not deal with a small trading account as a source of income:-

    We do not recommend that you look at it as a source of income, but we recommend that today this account is small, and with learning to trade properly and adhere to the trading strategy and commitment to capital management will grow this account and tomorrow I will be able to rely on it as a source of income. "Some people turn to forex trading in order to leave their current jobs or trade the latest money to their hands so their interest is to make a profit or get rich quickly so, they do not normally succeed so to succeed in Forex you need to focus on the financial management of the account. "

    3-Choose the right pair:-

    If your account is small then do not go to trade on pairs where the points are higher than 1 like the US dollar versus the Turkish lira the value of the point in this pair is equal to 1.89 around 2 points, as it increases your losses. And also we recommend avoiding high-volatility couples like the GBP/JPY.


    In the end, we recommend that you follow the previous rules and abide by them because they are a compendium of experiences that many traders have experienced, and can also be applied to large trading accounts.

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  2. #141
    Trader Senorita's Avatar
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    Before you look into making profits here, you need to understand the fact that you must build a working strategy that will enable you to trade well. With a small account there is possibility to grow if we can handle risk and steadily improve from our experience. Forex is a good opportunity and if we can put up the measure to learn, we will be able to earn well from the small investment. With a little amount we can grow in forex and can achieve that success with patience.

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  3. #142
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    Trading with a small account requires a lot of patience and discipline on the part of the trader,a trader that is very discipline will most likely be able to grow his trading account very well,if you have a good trading strategy then with time the trader can easily be able to grow his trading account very well.

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  4. #143
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    Most times using the smaller trading accounts would only lead most of us into stress and pressures of trying to make so much money over night but when you take a closer look at the way it have made so many people loss money then we should be able to understand that it really needs us to get to start reducing the rate of the risks in order to last in this trading business too. If you want to really last in this trading business and be able to build a huge amount of money off small trading accounts then you must have more patience and risk small amount of money at all times.

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  5. #144
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    If the trader feels comfortable in the forex market and he feels that he has a good trading level so he must think about increasing the deposit to normal levels. The only way to earn normal money is to take big risks and new traders are not right all the time so they lose money. I believe that small account needs to be used carefully just like a child that is tender, we cannot put a certain pressure on this account.

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  6. #145
    Trader Toyen's Avatar
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    Quote Originally Posted by simisola View Post
    A small account can be blown very easily, if you cannot trade without patience, then using a small account will even be more challenging to you, someone who is trading with good money management will be able to develop his small balance, but if we generally impatient, this will definitely not work, use good risks control when looking at small capital.
    A small capital is what is not making traders to trade with encouragement, we can get to trade the market better with the use of the the capital of our trading plan. I did not call it a big or small capital because the capital of our trading plans will know how to work better with our plans. It is not so good to trade with a big capital as well, our capital must agree with the dreams we want to achieve and the plans we likewise have with it.

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  7. #146
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    Quote Originally Posted by Toyen View Post
    A small capital is what is not making traders to trade with encouragement, we can get to trade the market better with the use of the the capital of our trading plan. I did not call it a big or small capital because the capital of our trading plans will know how to work better with our plans. It is not so good to trade with a big capital as well, our capital must agree with the dreams we want to achieve and the plans we likewise have with it.
    it is not good for trader to trade with small capital because if we are trading with it that will increase trader risk which is not a positive sign so we have to use a good capital for trade and use maximum opportunity to trade as we are making better plan and we do proper analysis we get good results from our trade .

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  8. #147
    Trader Lyon's Avatar
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    In as much as we want to become profitable trader, we should know that bigger or smaller account, lets take time to do the needed learning. Because learning is what that will lead us to being profitable, we should get to have a discipline risk management that we are making use of, when there is such money and risk management we can trade with any account.

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  9. #148
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    Quote Originally Posted by fahaddd View Post
    it is not good for trader to trade with small capital because if we are trading with it that will increase trader risk which is not a positive sign so we have to use a good capital for trade and use maximum opportunity to trade as we are making better plan and we do proper analysis we get good results from our trade .
    Yes, It is not good to trade with small capital as risk and money management is not so good and traders want to earn more money so they risk more. It is better to trade with normal size capital and traders will be able to use normal size lots like 0,1 and earn normal money. Money management will be good with big capital.

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  10. #149
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    Quote Originally Posted by Azka View Post
    If the trader feels comfortable in the forex market and he feels that he has a good trading level so he must think about increasing the deposit to normal levels. The only way to earn normal money is to take big risks and new traders are not right all the time so they lose money. I believe that small account needs to be used carefully just like a child that is tender, we cannot put a certain pressure on this account.
    Trading an account with small capital sure requires some level of patience and discipline,because you can be making the pips but the returns in terms of monetary value will be small so you will need a lot of patience to be able to grow such account to something very tangible,also a good trading strategy is also needed.

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  11. #150
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    Quote Originally Posted by Lyon View Post
    In as much as we want to become profitable trader, we should know that bigger or smaller account, lets take time to do the needed learning. Because learning is what that will lead us to being profitable, we should get to have a discipline risk management that we are making use of, when there is such money and risk management we can trade with any account.
    I know that it will be good for traders to train themselves on how they can use the small account, this is the size of the account of retail traders, and every of the traders like in our category are retail traders. There are many traders that will do better when they have higher money in their account but there is never a guaranty to that, we should be satisfied with the size of the money we can afford to invest.

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