moonchild
VIP Contributor
If you live in a third world country, starting forex with a large amount can be difficult or almost impossible for you, you'll be stuck between demo and blowing small accounts due to overtrading and margin calls.
Do you know you can actually trade with a small account and make some profits?
Even though my number one trading advise to those that knows how to trade is to just go straight to prop firms and trade instead of trading with small accounts and end up blowing them.
To start making profits with your small accounts here are some tips.
1) Always use a slow moving pair: Don't use a Volatile pair when trading with a small account because your account will be at risk of stop loss slippage and price might move opposite and you'll lose your account.
2)Always make sniper entry: Using sniper entry will help you to avoid drawdowns completely on your account, to get sniper entry you have to dial down to lower timeframes and get an entry.
3) Scalp: Scalping is a way of trading that leverages short price movement, with a small account this is your surest option, get in, lock some profits and move out quickly without jeopardizing your account.
Do you know you can actually trade with a small account and make some profits?
Even though my number one trading advise to those that knows how to trade is to just go straight to prop firms and trade instead of trading with small accounts and end up blowing them.
To start making profits with your small accounts here are some tips.
1) Always use a slow moving pair: Don't use a Volatile pair when trading with a small account because your account will be at risk of stop loss slippage and price might move opposite and you'll lose your account.
2)Always make sniper entry: Using sniper entry will help you to avoid drawdowns completely on your account, to get sniper entry you have to dial down to lower timeframes and get an entry.
3) Scalp: Scalping is a way of trading that leverages short price movement, with a small account this is your surest option, get in, lock some profits and move out quickly without jeopardizing your account.