The Authority’ on Price Action Trading. In 2016, Nial won the Million Dollar Trader Competition. I know that most of you are coming into the Forex markets with relatively top 10 richest forex traders trading accounts. I also know that you want to grow your trading accounts while losing as little money as possible.
While this is not an easy goal to achieve, it can be done if you are willing to be disciplined and change the way you think about trading the markets. In today’s Forex trading lesson, I am going to share with you my honest and practical insight on how to successfully trade with a small trading account. Before we dive into the details of today’s lesson, it’s worth noting that you are not experiencing difficulty in your trading because you have a small trading account. To be honest with you, the size of your trading account has no bearing on whether or not you are a successful Forex trader. A successful Forex trader is not necessarily a full-time professional trader, this is a myth you need to forget about right now.
You need to view success in the markets as a function of what is possible given the size of your trading account. 200 a month, more on this later. 100,000 account and lose all their money in a short period of time. 1,000 and parlay that small amount into a substantial trading account over time. The determining factor of success lies not in the size of the trader’s account but in their beliefs about what successful trading consists of and what they need to do to achieve it.