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Forex Thread: / Forex Thread: / Learn To Trade Forex Thread (2) (3) (4)
Forex Thread by agadakingz(m): 8:39pm On Jul 25, 2021 |
You are not making any financial progress in forex because you have a small account t(dot)me/sir_kfx
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Re: Forex Thread by Babara1994(m): 10:42pm On Jul 25, 2021 |
That's not true. If you cannot manage a 10$ account, you will blow a 10000k account. "He that is faithful in little will be faithful in many." It's a divine law. |
Re: Forex Thread by Promotions: 10:57pm On Jul 25, 2021 |
In my opinion money management will determine the growth of your account, you can grow a small account to big figures but it will take a longer time while using a bigger account will make it easier to grow cos you can use a bigger lot size and also withstand the market. |
Re: Forex Thread by Promotions: 11:07pm On Jul 25, 2021 |
Babara1994:I won't totally agree on this. On Friday I was losing about -$20/25 before it reversed and I started making some profit, a small account won't withstand it.. imagine if it was a small account of $10-50 |
Re: Forex Thread by Babara1994(m): 11:37pm On Jul 25, 2021 |
Promotions: You probably risked too much on that trade. You were lucky! It might not reverse next time - that's how people end up losing 500$ on a single trade. |
Re: Forex Thread by Babara1994(m): 11:40pm On Jul 25, 2021 |
I've grown a 5$ account to over 100$ in a week and lost it all in a day. And I know someone who blew 1000$ in a single week! |
Re: Forex Thread by agadakingz(m): 5:32am On Jul 26, 2021 |
That is exactly my point, small account mind set is to flip account all the time. They are not patient enough to allow compound effect take its course. You $5 to $100 in a week and lost it all and the circle repeats itself |
Re: Forex Thread by agadakingz(m): 5:41am On Jul 26, 2021 |
Promotions: Very correct, that is why you see traders selling signals and managing other peoples account to raise money.. Growing a small account is possible but not sustainable that's why most traders always go bankrupt |
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