What's The Best Way To Trade a Small Account?

[moonchild]

A small account is basically any account with a balance below 500USD, most of us are trading with accounts within these ranges so it's important to note somethings and not just go full margin on them trying to double them or make outlandish profits with a meagre account size.

Always use a small Lotsize when trading a small lot size, don't go beyond 0.05 on your account in trading, slow and steady wins, trade only asset classes that you know how to, do not add new pairs to your list just because you want to make some quick profits.

Also do not give someone your account to manage, there are a lot of them on social media begging for accounts to manage, either trade yourself or get a signal group with verifiable track.

 

[FinTrader]

It is better to start trading with a small deposit. Losses will be small. It is better to invest more money when you learn the basics of trading, create a trading strategy and begin to control yourself and your emotions. You should always control trading risks and not try to earn a lot of money in a short time.