Today i want to show you how to grow a small account into a large trading account where you too can join the big boys to trade large position sizes.
I know you like a fat account; but let me show you how to do that. Let's do this.
You are not disadvantaged
Some folks do think within themselves that it is a disadvantage to have a small trading account.
They say some words like; oh if only I had a fat trading account, I would have become a better trader today. But the question i have to ask such a person is this: What happened to the small account you had before?
Now answer that question sincerely, and don't deceive yourself in the process. The problem I have with most traders is that there deceive others and also deceive themselves. Seriously, I am amazed by that attitude traders have.
Let me tell you something very truthful here: If you cannot trade profitably with a small account and make it grow, you cannot trade with a large account either.
So, saying you are disadvantaged because you don't have a big account is not the right thing to say. In my opinion, I think you should learn to trade profitably first with a small account then grow in understanding to mastering a strategy that will help you develop in trading a big account. Of learn the what is price action strategy.
Now let me show you how.
If you are going to trade in order to grow a small account, then you must understanding some of this few truth so you don't get too greedy about the process.
So you done with demo trading?
Demo trading is simply the best place to learn how to grow account little by little. You know why?
Well I that know you know that most brokerages provides virtual money of $5000 USD and above. But here is a little secret of learning of using a demo account to learn how to grow a small account. Hmmm... It is our little secrets.
Even though you have a $50000 USD virtual account, I suggest you trade mini lot sizes like 0.01 mini lot and watch how better you are doing growing that $50000 to $50050. Please refer to No. 1, 2 and 3 again to understand this point.
Note again at this point that money cannot be your motivation, but let the process be your motivation.
In conclusion
It is quite a fine process learning how to grow a small account. Let me remind you again that this process will not take place in a year, but it will take years.
The above statement is only for people with a small account and who just should not trade a larger account size.
Thank you for reading, do leave me your comments and questions in the comment box below.
See you soon!
I am Wealth Peters
CEO and Head Coach, Pips akademy
Saying: Be a great trader
I know you like a fat account; but let me show you how to do that. Let's do this.
You are not disadvantaged
Some folks do think within themselves that it is a disadvantage to have a small trading account.
They say some words like; oh if only I had a fat trading account, I would have become a better trader today. But the question i have to ask such a person is this: What happened to the small account you had before?
Now answer that question sincerely, and don't deceive yourself in the process. The problem I have with most traders is that there deceive others and also deceive themselves. Seriously, I am amazed by that attitude traders have.
Let me tell you something very truthful here: If you cannot trade profitably with a small account and make it grow, you cannot trade with a large account either.
So, saying you are disadvantaged because you don't have a big account is not the right thing to say. In my opinion, I think you should learn to trade profitably first with a small account then grow in understanding to mastering a strategy that will help you develop in trading a big account. Of learn the what is price action strategy.
Now let me show you how.
If you are going to trade in order to grow a small account, then you must understanding some of this few truth so you don't get too greedy about the process.
- Make sure you are not taking too many trade but rather you just have to trading like advanced armed robber
- If you must trade well to grow your account, then it means you have to trade smaller position sizes and learn to manage your risk very well (I will do an article on Risk Management soon)
- At this point? Money cannot just be your motivation, but your education in the process. See point 2 again.
- Don't even at this level think about revenging on the market or try to recover losses. It will only lead to more trade losses and more losses. If you can refer to this 15 trading quotes to remember article it will be fine.
So you done with demo trading?
Demo trading is simply the best place to learn how to grow account little by little. You know why?
Well I that know you know that most brokerages provides virtual money of $5000 USD and above. But here is a little secret of learning of using a demo account to learn how to grow a small account. Hmmm... It is our little secrets.Even though you have a $50000 USD virtual account, I suggest you trade mini lot sizes like 0.01 mini lot and watch how better you are doing growing that $50000 to $50050. Please refer to No. 1, 2 and 3 again to understand this point.
Note again at this point that money cannot be your motivation, but let the process be your motivation.
In conclusion
It is quite a fine process learning how to grow a small account. Let me remind you again that this process will not take place in a year, but it will take years.
The above statement is only for people with a small account and who just should not trade a larger account size.
Thank you for reading, do leave me your comments and questions in the comment box below.
See you soon!
I am Wealth Peters
CEO and Head Coach, Pips akademy
Saying: Be a great trader
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