Retail forex traders trading with account opening balance is relatively small. They certainly like to balance accounts grow. Although it is not easy to do, it can be achieved by changing the perception and way of trading. Big nothingness a account balance is not a measure of success of a trader, and a trader who successfully manage their trading accounts with good does not have to be a full-time professional trader. Success in forex trading are measured from amounts that have been produced by our balance account within a specified time. For example, if the account balance of us $ 2,000 and we can produce a profit of $ 200 per month, then we could be considered to have been successful in managing trading accounts. A trader should know what needs to be done to achieve success in managing trading accounts.
- Focus on how our trading, not on the magnitude of profit
Misperceptions of a trader with relatively small balance account is that they have to print a profit as often as possible because felt had invested all their funds in the trading account and hope could quickly achieve success in forex trading. This has resulted in a lack of attention to risk management and effective ways of trading, two points that are very important and dominant in forex trading. A trader should balance successfully manage with little value before you try to manage the balance with a relatively large funds. Even if we have a relatively large funds, shouldn't we invest entirely in trading account before we managed to properly manage accounts with funds are relatively small. Should a trader does not focus on the strategy of enlarging lot size each time entry to double profit, but should give priority to the management of risk proportionate and realistic to obtain a consistent profit in the long run. In this way the trading account we will develop slowly, but consistently over time. One of the strategies trading method is applied to the matching price action combined with a trading plan that suits your risk manangement.
- Treat your account balance as small as you manage large funds
Suppose you manage funds big enough if your trading account is relatively small, because in principle how to obtain consistent results in trading is the same, that is the correct risk management, not over-trade and not over-leveraged. If you have a trading account say $ 1 million, profit once or twice with consistent in a month might be worth is enough means. Conversely, if your balance is small, emotionally You want and feel the need to enter the market as often as possible to develop an account quickly. This is not all you need to do if you think the funds on your account is big enough and just want a consistent trading results. Indeed the lot size per trade You are smaller, but that is about to be reached is consistency in trading. If the consistency you can do, you can start enlarging your balance gradually, and by the method and the same trading strategy, your account would have grown consistently over time.
In addition to the above, the main thing that is also important for you to do if you want to successfully manage a small balance account is to create a trading journal that is updated regularly for your trading results from time to time, so you can be disciplined and responsible in your trading track record.
If you are trying to find investors to develop your trading account, surely the potential investors want proof of your trading results and methods and trading strategies that you apply, and this can be demonstrated with the journal of trading and trading plan that you have created. And if you want to apply yourself with forex trading is serious, it should you learn to successfully manage accounts with little value before managing trading accounts with large funds.
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