HOW TO GROW A SMALL FOREX TRADING ACCOUNT in 2025

Admin 02 January

HOW TO GROW A SMALL FOREX TRADING ACCOUNT 2025 (BLOG + YOUTUBE )

GROW A SMALL FOREX TRADING ACCOUNT

HEY THERE THANKS FOR PASSING BY THIS BLOG

Considering that most of the people that are trying to make money in the forex markets do not have large sums of capital to start in the market. Today  I bring you a video from Willssfx who shared some tips and tricks on how to grow a small account 

These are the tips in my short summary and explanation before you watch the video for full explanation:

  • Stick to the same lot size
Greed is one of the enemies of traders, where after winning 3 to 4 trades they start to think they are a master and want to make a million in one trade in which they will end up increasing the lot size of their account (to make more profit) not thinking what happens if the trade goes to the other side. There is a need to use one lot size through and through, and you only change it when the account has grown 
  • Stick to Risk Management
one of the fundamental aspects in forex trading is the aspect of risk management which is evaluating the risks and the profits associated with every trade. This can also be factored in by the  previous point of using one sensible lot size through and through. There is need to check the risk to reward ratio in relation to the account size and see if its sensible to take the trade
  • Don't revenge trade
mostly when traders make some consistent loses or straight loses there is a tendency to want to recover and revenge the market mostly by increasing positions or increasing lot size. When you have lost straight up you should take some time to check if you are still following your rules and what your strategy states before taking a trade
  • Trade 3/4 currency pairs
it is said Jack of all trades is a master of non the same applies to the forex market whereby if you want to trade all the pairs there are you will end up losing without understanding anything but if you trade 3 to 4 or even 5 pairs it means you can learn how the pair behaves and in turn you will be able to trade it perfectly knowing what you are getting into
  • Don't be emotional
it is said 70% of trading is Psychological/ mental and because we are humans with feelings and emotions in which sometimes we let our emotions and feelings get in the way of our trading and decisions making hence there is a need to trade carefully without mixing our strategy with our emotions hence the need to make sure you are emotion free by exercise or meditation 

Thank you for reading, Below is the video from Willssfx where he talks about the tips to grow a small account.
Video Copyright : Willssfx

Follow this and more on our blog and other sources of information. Wishing you great success in your trading journey.

Peace Out :)

Disclaimer:

THIS Post AND OTHER MATERIALS FROM THIS/IN THE NAME OF THIS SITE(fxstrategylife.blogspot.com) IS FOR EDUCATIONAL PURPOSE ONLY. FOREX TRADING CARRIES A HIGH LEVEL OF RISK, AND MAY NOT BE SUITABLE FOR ALL INVESTORS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THE HIGH DEGREE OF LEVERAGE CAN WORK AGAINST YOU AS WELL AS FOR YOU. BEFORE DECIDING TO INVEST IN FOREIGN EXCHANGE YOU SHOULD CAREFULLY CONSIDER YOUR INVESTMENTS ,OBJECTIVES LEVEL OF EXPERIENCE AND RISK APPETITE. THE POSSIBILITY EXISTS THAT YOU COULD SUSTAIN A LOSS OF SOME OR ALL OF YOUR MONEY AND THEREFORE YOU SHOULD NOT INVEST MONEY THAT YOU CANNOT AFFORD TO LOOSE


Admin

Posted by Admin