moonchild
VIP Contributor
If you are a trader just starting out, you might not have a lot of capital to get started and you want to grow your account to a substantial amount where you will be feel more confident in taking more trades with a good upside, in this article we will be looking at ways you can grow that $10, $50 or even $100 account, if you are ready let's get started.
1) Only take a high probability trade: I know it is tempting to get into a trade everytime when you are a beginner but like everything in life, the opposite is actually true, if you have a small account the last thing you want to do is opening a lot of positions, so before you enter a trade make sure a setup has followed your trading strategy.
2) Aim for a weekly percentage: With a weekly percentage you will be more relaxed when taking a trade, by hitting your daily percentage you will be growing your account slowly ad steady and you can space this out to how ever long you want it to be.
3)Keep a record: There is myforexbook, this will give you all you need to know about your accounts in terms of statistics and your bottom line trades result, which will help you to track your progress and make changes.
1) Only take a high probability trade: I know it is tempting to get into a trade everytime when you are a beginner but like everything in life, the opposite is actually true, if you have a small account the last thing you want to do is opening a lot of positions, so before you enter a trade make sure a setup has followed your trading strategy.
2) Aim for a weekly percentage: With a weekly percentage you will be more relaxed when taking a trade, by hitting your daily percentage you will be growing your account slowly ad steady and you can space this out to how ever long you want it to be.
3)Keep a record: There is myforexbook, this will give you all you need to know about your accounts in terms of statistics and your bottom line trades result, which will help you to track your progress and make changes.