Start Trading with a Small Account

Beginner Questions
1

Hi All,

Can anyone help me who has experience of growing a small account in Forex trading.

I want to start trading with a small account of $1000 and grow it by about 20 percent per month. I have learned a trading system and understand equity management quite well. I realize the lot sizes are going to be small to start with, probably 10 cents a lot.

Which brokers will accept such a small account and is this possible to do?

I know that daily time frames are the safest to trade on as they are more reliable.

Look forward to an accurate answer.

Thank you.

2

hello Louisforexcrazy,
since you 've already found your trading strategy, almost the majority of FX brokers will have no problem to accept you for an initial deposit of $1,000.00. If you are above 18y there will be no issue. You should test your strategy to a demo account several times before you switch to a real trading account. Once you are sure and confident, then you can deposit and start trading. One advice: Select a regulated FX broker to open your real account.
Good luck.