I would rather be cautious when getting an impression that there are guaranteed pips or market opportunities. Most of the times it’s pure luck.
It is always recommended to start small when you are just beginning. By putting a big amount at risk when you are just learning, you will only pave the way to making losses. By starting small, you will be able to save yourself from making unnecessary losses.
Based on your experience, that could be a way of doing things. You can avoid using small accounts if that suits you.
I myself started with a small account and then started putting more and more money gradually. Better safe than sorry.
If your a beginner entering into live trading for the first time, the best way to trade is to use small accounts to get enough exposure to the live market.
But do not stick to small accounts for a long time because the profit earned will be lower than the amount invested. So gradually increase your account because that is when the actual profits will come in.
What startegies do you use?
I am making use of the Martingale Trading Strategy for Market Reversals.
There are some great things shared so far and we can all agree on starting small. Now the real question is how small we must go ? it is a $100 $500 $1,000 ? or it actually depends on the trading plan you are applying ?
Thank you for letting me know. I will practice this and check if it works for me.
It is true that if the Trading capital is small then we can easily make more Profits from Trading.
How did you learn? Where did you start? Good luck
100% really ? With what strategy bruh?
Absolutely you have to think about the risk which you are putting in the trades. Moreover there are many things which you have to learn and it does not make sense to even risk a few dollars. I am a big advocate of demo trading initially and then moving forward to real trading.
Best is to demo trade and use the profits to reinvest in the markets and eventually increase your trading capital.
I think it varies from trader to trader. Some prefer trading with small accounts, while for others large capital is a better options. What’s important is that one is able to manage risk properly.
I think scalping is a good method for trading small capital on micro lots. Multiple positions can be opened with very low amounts and the continuous trickle of money can be reinvested. Just important to ensure that Iow cost brokers like XM, Fxview and ICM are used. It’s also important to use a trading platform that is compatible with indicators. MT4 is my favourite.
Profit making is not easy with a small capital. But yes, as a general rule, beginners should start with a small capital. Start small, see how it goes, slowly keep funding more as you’ll gain experience profits will start flowing to you.
I think not only the spreads but the order execution time is also very important in trading. Do you think that position trading would be beneficial in the H1 time frames charts?
The key is to stop running Martingale trades when you have made a little cash and never never do it again. This is trading like playing roulette - if you’ve been lucky, take your money and run.
No H1 time frames for position would be a disaster because for position trading you need the whole trend of the market and for that long term charts are needed.