hey hey what’s up my friend so in today’s video you’ll discover how to treat with a small forex trading account okay and we are gonna do it right without blowing up your trading account without taking huge risk and if you follow the tips that I’m about to share with you you can even you know take this a small trading account of yours and grew it to six figures and beyond sounds good alright then here’s what I want you to do right now hit the thumbs up button below right and subscribe to my youtube channel right the button is all below just click on it and this way whenever I publish a new training you’ll always stay up to date right so do it right now right to see the thumbs up button and subscribe to my youtube channel the button is below just click it so with that said right let’s begin so the first tip that I want to share with you is that you must find the right broker when you are trading with a small Forex account okay what do I mean by finding the right broker this means is that you must find a broker that lets you trade micro Lots or even a no lot so let me explain so what is a micro lot right so a stand a lot you know is a hundred thousand units okay a mini lot is ten thousand units and a micro lot it’s a thousand units so you want to find a broker that allows you to trade a thousand units and below right this way it allows you to better manage your risks which are you know give you an example later on okay not all brokers lets you treat thousand unit units or less so chances are if you want to find a broker that lets you treat 1000 units or less you must find a broker that adopts a market maker business model right if only if the broker adopts a market makeup business model then you can treat such size and again some of you might be thinking money now you know monkey makes it on my stop-loss blah blah blah no it’s not true right I’ve done a video you know sometime bet you can check it out and explain why that is just simply do a business model and they don’t have the incentive to hand your stop-loss right because if they do you’ll be out of business pretty soon so first thing is you must find the right broker that offers you to create micro Lots okay let me explain why so let’s say for example you have a small trading account right let’s say it’s a $500 trading account okay and if you were to go with a broker right some brokers offer a minimum of one mini lot so if you know one mini lot is 10,000 units and one peep right it’s a dollar okay for one minute lot okay let me just put it up me needle okay so this means this is that if you want to adopt risk management on this $500 trading account let’s say you’re going to risk a 1% risk on this $500 trading account so a 1% risk on a $500 means is that each trade you should not lose more than $5 if the trade hit your stop-loss so your risk right let’s say it’s not more than $5 okay so now you know that on a mini lot 1 pip is $1 and your maximum risk on each trade is only $5 so what can you conclude well you can conclude that the maximum size of your stop loss on that trade can only be 5 pips can you see that five measly pips and probably you’re gonna get stopped out of the trade right because your stop-loss is way too tight and that is the problem with trading right brokers that offer a minimum of one mini law is that you know your stop-loss is to type in your trade doesn’t have room to breathe now on the other hand let’s say you don’t you go with a broker that offers you micro lot what’s the difference right let me just you know we do this so let’s say a broker that now offers you micro lot so micro loan right one pip is now 10 cents okay 10 cents and let’s say again you’re your risk right per trade is $5 so what this means is that none when you trade a micro load right you can have a stop loss of up to 50 pips and still risk this $5.
00 risk per trade but your stop-loss now you can see it’s wider you have 50 pips of buffer to trade with I mean to to have as your stop-loss so this is the difference right between trading with a broker that offers a minimum of 0.
1 lakh and trading with a broker that offers right a minimum of 1 micro lot is that the size of your stop-loss right can be wider right if you are trading with micro lots and this is important right because you know right you want to adopt proper risk management doesn’t matter whether you’re trading on five hundred all’s account or a $50,000 trading account your risk management is paramount it’s important right because on a small account if you don’t apply proper risk management right those habits right will be brought forth when you’re trading a larger company and when you I’m not adopting proper risk management on a smaller calm Kansa are you’re not a dot proper risk management on a large account and that’s when you know things go really wrong on a larger scale okay so the first tip that I have for you is you know go and find the right broker broker offers you to trade are micro lots right this is important because if you want to you know treat a small account you must be trading smaller size and not all brokers allow you to treat smaller sites so usually brokers who adopt a market maker business model they allow you to trade micro Lots and below the second tip that I have for you is that you want to add funds regularly to your trading account especially when you know your trading results are already consistent right don’t you know have the mindset you know oh I’m gonna take a small few hundred a few thousand dollars trading account and running up to a few millions in a matter of few years trust me it’s not going to happen right for every one of those success story that you hear there’s another 99.
99% of failure rate that you don’t hear that is why no news media they like to sensationalized in all these headlines to sucker a new people new traders to come in and try and you know lose their money along the way okay so that it does happen okay from time to time but the failure is much much higher and this is something that you don’t see okay so bear this in mind okay don’t try to have the call or even have wish or the hope of the king that smaller come and ramp it up to you know six or seven figures just like that okay so let me explain why let’s say for example again you have a $500 trading account and let’s say you grew it for 20 years right over here with let’s say a return of 20% each year at the end of 20 years there it’s about $19,000 if you ask me that’s not really a lot right after 20 years in if you work full-time you can probably make more than 19,000 dollars after 20 years okay so now what if we you know start to add funds regularly to our trading account maybe you have a full-time job man everyman right you put in no extra money into your trading account okay so in this case right everyman you save about two hundred dollars in each year you can put in an additional two thousand four hundred dollars so again you’re trading with the same five hundred dollars but you’re putting in two thousand four hundred dollars to your account every year twenty years to grow with a return of 20% a year how much would that be more than half a million dollars just by saving the additional two hundred dollars a month and funding it your trading account so can you see the huge difference right between not adding funds to your account and adding funds to your account the difference is it’s a lot right so this is how you grow your account with six figures and beyond right if you have a small account it’s not the end of the world if you have proper risk management you add your funds regularly right you create with an H you can still grow that smaller current into something substantial so this is the second tip that I have for you right a funds regularly to your trading account and you want to do this right when your results right I already know getting some consistency if not when you know you’re still losing consistently and add more you know funds is that any more fuel to the fire it’s gonna do BAM boom right so a little bit of common sense down here now the tip that I have for you is think in terms of are there and not the dollar sign so so I understand right when let’s say you’re trading $500 right and at the end of the year you only make $100 out of the $500 account any look Spiteri really like you know Rayna I spend so much time effort learning off to trade and I only make a measly hundred dollars I know how you feel right and this is why I say think in terms of our and not the dollar amount that you make right so what what is our so I’ll explain so re is basically write the written you make right relative to the risk that you’ve taken so let’s say for example you risk ten dollars on a trade okay and you make $100 so in return right well you take is that your total gain develop divided by your initial I mean your risk poetry so it’s a gain of 10 R or otherwise known as a 1 to ten risk to reward ratio all right so this is how you calculate your are multiple so similarly right if you let’s say you risk $10,000 on a trade and you only make $1,000 on that trade what is your are multiple again take the gain divided by your initial risk you’ll realize that your game is only 0.
1 are so between these two traits right which is a better trader well if you ask me the trader who achieved a 10 our gain on the trade right definitely have a better performance than a trader who just make 0.
1 are even though he made more money but in terms of objective performance that trader who achieved tenor is a better trader if you ask me okay so this is what I mean by you know think in terms of our so when you so when you start doing noting in terms of our this is where you can get objective in your trading because let’s say for example you have a $500 trading account and let’s see you do 20 are on that account risking 1% so what this means is that 1% of $500 is 5 dollars right 20 are rising multiplied by 20 you make a gain of 100 dollars right didn’t seem much but this is a gain of 20 are ok so imagine this right as your account grow maybe now this is a $500 trading a cup maybe in future you’re trading a $500,000 trading account so when you are trading a $500,000 trading account okay a $500,000 trading account 1% resaw 500k it’s 5,000 and again you make that same 20 are on that account alright maybe that’s the average you do per year what is the outcome for this right this is clearly a gain of $100,000 can you see how your are multiple is the same your percentage risk is the same but because of the size of the account that you’re trading now the outcome is vastly different right you’re making so much more money even though you know pretty much everything else is the same same strategy same entry same exit same trade management same trading plan only difference is the size of your account that you’re trading okay so this is why I say no thing in terms of all right even though I know your count is small don’t think well you know how many dollars or how many stands you’re making think in terms of how many are I’m making on average per month per year that’s a more objective way to you know get your trading performance because as you mature as a trader as you add more funds as you trade with a larger account that are multiple like your average are multiple will stay with you right I mean if you are trading the same system but what will change is the amount of money you’re trading an amount of money you’re making okay so this is what I mean by no thing in terms of our and not the specific dollars or cents and the final thing final tip that I want to share with you is that when you’re trading a small account right this probably means you are maybe new to trading you’re trying a new trading system you’re trading a new strategy or whatever right you want to learn and profit from your mistakes because when you’re trading a small account that’s when the Mystics are not so costly because after all even if you do blow up that account it’s what five hundred dollars compared to trading a $500,000 account and blowing up that money that hurts a lot more so when you’re training out something new where you’re new to trading right make all the mistakes you want right you couldn’t be as bad as you are when you get started in trading learn from the mistakes profit from it right and those are the same mistakes right that you can avoid making right when you are trading a large account so you know make all the mistakes you want and learn from it but a question now is you might be thinking okay right now how do I learn or profit from it right so let me share with you three questions right then you can ask yourself right to learn and profit from your mistakes number one what’s your mistake so maybe you are trading a small account and the first mistake is 10 yo instead of clicking by you click sell so what’s the mistake is that you messed up your order right you you you didn’t know that you are clicking the sell button instead of the buy button or your you’re clicking the Buy button instead of the sell button right so what’s a mistake rise may be you press the wrong order second question is why do you make it maybe it’s because you’re new to the platform right you are you know very new to this platform you do not use it so that’s why you make the mistake third question how will you prevent it well quite simple right if you want to prevent yourself from making such silly mistakes right open up a demo account get familiar with the functions right binds button so you don’t you know get confused between the different orders right so that’s how you can actually learn and profit from your mistakes all right so this three-step question right will will help you work with it right an example let’s say you make another mistake of maybe let’s say position size instead of risking 1% on the trade you reach 10% okay that’s a mistake why did you make it or maybe because you’re doing some manual calculation and you know your math isn’t too good or just it’s a careless mistake on your part okay that’s why you mean a mistake how will you prevent it maybe you do some google search and you realize hey there are no position sizing calculators that is available for free and it’s better to use them instead of you know trusts trusting your own mathematical skill alright so that is how we can actually prevent making those mistakes in future okay so this is the three questions that you can use to profit from your trading mistakes right so with that said let’s do a quick recap right to what you’ve learned today number one if you want to trade with a small forex trading account you must have a broker that offers you to create micro Lots ok these brokers typically they are not easy and they are usually market maker that is a business model perfectly fine right so don’t have you know anything against it you can read some of my articles I’ve wrote I’ve written on it before right and really that’s the way they make money their business model number two you want to add funds regularly to your trading account as mentioned right if you’re just gonna treat that small account and you’re gonna compound it over time over the long run yes you can make money right but it’s nowhere near I compare to another trader who regularly add funds to the trading account you saw the difference nineteen thousand dollars versus half a million that’s a huge difference just by no saving additional two hundred dollars a month okay so add funds regularly if you want you know scale up to six figures or even seven figures that the thing in terms of are not the dollar amount right I know it’s sucky right you know five hundred ollars you make $50 it’s like what $50 only after so much time effort and learning right again thing in terms of are how much you have made relative to the risks you’ve taken right there is a more objective measure and also a share with you earlier you once you know what is your average are multiple gain per year you can sort of project how much you can potentially make right on the larger account and finally write profit and learn from your mistakes I share with you the three questions right on how to do so number one what is the mistake then you mean number two why did you make that mistake and number three what is that what is the one thing that you can do right now that prevent you from making that mistake again okay so very powerful three questions right to actually learn and profit from your mistakes and there are there four tips right there I’m going to share with you on how to go about growing a small forex trading account okay so with that’s it I’ve come towards the end of this video if you want to learn more about my own trading methodologies strategies and techniques what you can do is go down to my website over here trading with Rainer calm okay trading with Rainer calm just scroll down and you can see a couple of trading guides over here it really depends on what you want to learn right maybe you learn price action trading right no not better time your entries exist market structure support resistance and stuff like that just click this orange button and I’ll send it to your email address for free on the other hand if you want to learn more about trend following how do you write massive trends in the market right then this ultimate trend following cut is for you just click this orange button and I’ll send it to your email address again for free sounds good right so do it right now and any questions feedback let me know in the comment section below and I’ll be glad to help and if you’ve enjoyed this video hit that thumbs up button subscribe to my youtube channel and that’s it I wish you good luck and good trading until next time you
