How To Grow A Small Trading Account Using Compounding, Good Discipline and Patience - For Beginners | Forex
Information | Currency | Markets | Fx | Video | Assets | Lesson | Trading
In this video I take you over how you can build a small trading account using compounding, patience and discipline. Don't be one of the traders who feed the market. Take a long term view.
Comments
-
Great advice, patience and discipline is the key.
-
Bugger Me! l missed this video!!. that's How l restarted trading after some "serious" losses. Thanks again James ( l still go back to naked price.... just to remind myself of the rules of the market(s). And yes your correct? most retail( private) traders ' wipe out' very very quickly!!!!.
-
Nice video. I've been learning to trade the last 12 months on demo mode. Only now I am getting results. Looking to go live with small account in march
-
Hi
I have no trading experience at all and spending a lot of
time looking at different sources of advice. I have found your site stands out
with its common sense approach. I apologise for my ignorance, but is there a minimum amount
to start trading with. In your video, you start with £2500. Is that the recommended
amount or could you start with less.ThanksKen -
Great advise my James, this was the kind of professional advise I was looking for as a new trader.... Looking forward to more excellent videos! Thanks again...
-
do you have a video on how to backtest?
-
what do you think about Private signal providers? do you think there are professional Forex traders that provide signals?
-
great point and great lesson!
-
Excellent advise! This is exactly the plan I will be following. I know it will take patience and discipline, but I am sure it will work. Thank you for this encouraging video.
-
Best Auto Trading Apps in the world- grab it who losing there money and New Trader. Free Trail going on https://plus.google.com/u/6/113207847587600400833/posts/L1mKBXY6gH7 .
-
Spot on. I love the statement 'The four years will pass anyway'. So you may as well as do it correctly the first time rather than it taking say, eight years because you messed up the first time through greed or whatever. Thanks for the wise advice James.
-
great advice..... pure gold
-
Hi James, Love your site and videos. As a beginner this is really invaluable. I have a related question. As each trade should risk no more than 1% capital or less as a beginner then would this mean that using leverage is pointless? If it is leveraged to 1% risk or you just place your money with 1% risk it is the same? Thus making leverage void, if you follow the 1% rule. Is my thinking right or have I missed something? Thanks,Alistair Neale
-
Hi James, Thanks for meaningful talk :)
-
wisdom!
-
Hi James, what trading platform do you use?
-
I want at least 100 % gain per month.
-
Great and realistic advice. I keep seeing beginners trying to aim to double their account within a week. It is possible but it is not a sustainable goal in the long (or even short!) term.
-
Thanks james . Always appreciate
-
8% a month is totally doable. When you are good, that's doable with options on the really major ETFs, on a day to week basis depending on market conditions. Heck you can make 30% in a day or two with the right market conditions.