How to handle a small account?

Discussion in 'Forex' started by Waylen, Sep 23, 2023.

  1. notagain

    notagain

    Frequency of near wipeouts vs small gains causes frustration.
    You would need an edge that can gain while also preventing deep, frequent drawdowns.
     
    #11     Sep 23, 2023
  2. MarkBrown

    MarkBrown

    get really really good at breaking even and you will go onto being profitable - but if you can't break even more money is not going to help. at that point you have to realize you have no edge..
     
    #12     Sep 23, 2023
    SimpleMeLike and PennySnatch like this.
  3. deaddog

    deaddog

    The same way you handle a big account.
    protect your capital.
    Cut your losses quickly.
     
    #13     Sep 23, 2023
    MACD, Sprout and MarkBrown like this.
  4. mikeriley

    mikeriley

    Trade FOREX that gives you incredible leverage
    so you only lose pennies on the dollar while
    you're learning.

    If it takes 2 to 3 years to learn, there's no way
    you'll keep a live account if you trade Stocks, Options,
    Futures and Commodities, and you'll be back
    here again asking the same question.
     
    #14     Sep 23, 2023
    MarkBrown likes this.
  5. Sprout

    Sprout

    Stop doing trading challenges.
     
    #15     Sep 23, 2023
  6. Andrew_0

    Andrew_0

    Follow risk management properly, don’t go for trading highly volatile pairs, buy currencies with a long-term target.
     
    #16     Sep 24, 2023
    MarkBrown likes this.
  7. #17     Oct 10, 2023
  8. Dealing with a small account can be a bit challenging, but it's a great opportunity to learn the ropes. It teaches you discipline, patience, and the importance of picking your trades wisely. You might want to set some clear goals, be careful with leverage, and keep honing your skills to get the most out of that limited capital.
     
    #18     Oct 10, 2023
  9. Waylen

    Waylen

    What if I don’t have enough money for investment!

    If I can’t handle a small amount, I can’t even handle a big capital.
     
    #19     Oct 11, 2023
  10. cesfx

    cesfx

    That, and if you blow up again, quit.
     
    #20     Oct 11, 2023