How to handle a small account?

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

  1. 0.01 lots,thats how..
     
    #21     Oct 12, 2023
  2. TheDawn

    TheDawn

    Trade small and set tight stop-loss. Your profit potential will be small but your loss will be small too. If you don't like it, like many have suggested, trade a bigger account.
     
    #22     Oct 13, 2023
  3. Make it bigger. Problem solved. :)
     
    #23     Oct 13, 2023
    comagnum likes this.
  4. Alexis_0

    Alexis_0

    One simple rule is that take low risk, avoid unnecessary trades and open every trade with proper market analysis.
     
    #24     Oct 16, 2023
  5. I totally get where you're coming from; handling a small trading account can indeed be a tricky business. The challenges are unique because you have less room to maneuver and absorb losses. However, it's important to remember that a small account isn't necessarily a limitation; it's an opportunity to learn, improve, and build something substantial over time.
     
    #25     Oct 17, 2023
  6. You might find it interesting to check out Granimator. They offer a variety of trading strategies and educational resources that can help you make the most out of your small account. You can learn to diversify your trading portfolio and reduce risk through strategic investment choices.
     
    #26     Oct 17, 2023
  7. shine

    shine

    On a small account, you will have to use minimal lots in transactions and stop losses in order to comply with risks.
     
    #27     Sep 4, 2024
  8. A small account is the fastest way to learn trading.
    See my answer to a similar thread here:
    https://www.elitetrader.com/et/thre...count-with-1-20-leverage.377097/#post-6017035

    If you have more leverage than the guy in that thread, just adopt the recommendations to it.
    Good luck!!
     
    #28     Sep 4, 2024