Majority of the novice traders losing their money and many of them are quitting trading. If you look at how much successful traders are in the biggest investment market in the world, you will feel shy. Only 5% traders are successful in this market. When this is the biggest market, people are investing a lot of money in this market, it is normal to raise this question in your mind why these traders are not successful in Forex. It is mainly because they start with a big account with no experience. Traders need to open their account small when they are trading for the first time in Forex. Most people do not follow that and they start their trading with a big account. This is a big mistake for traders. If you start trading with a big account, you will take more trades which are not easy and you will end up losing your money. Small account traders are doing well in Forex when the big account orders lost everything and quiet their market.
This article will enlighten you and make you realize that no account is small in Forex. Less is more in Forex and the less you trade in Forex, the more money you can make. Trading with a small account will be good for your career as you have fewer chances of losing your money and making the consistent profit. Big account traders want to make a lot of money quickly and they lost everything.
Socialize with the professional traders
The best way to learn the art of trading is from the expert traders. Being a new trader you should join reputed social fx trading platform to learn about the professional way of trading this market. Many new retail traders want to hide from the reputed social fx trading platform. They feel shy to share their losing trades. But you need to understand that majority of the traders are losing money in this industry. If you don’t find your fault and learn from your trading mistake then you will never become a successful trader.
All the successful traders in the social fx trading network suggest the novice traders start their trading career with a small amount of money. The first year is your learning year and you should never expect to make money. Your main concern should be your investment. At any cost, you have to save your investment from the extreme level of market volatility. Never take any unnecessary risk and try to trade this market with proper money management. Find a reliable broker so that you can also enjoy the best trading environment.
When you invest small, you have less chance of losing
This is true in Forex. Most traders think that all the traders have the same chance of losing their money in Forex. It is not true. When you start with a small account, you can trade with small lot size. Lot size is important for your career and also for your trades. If you trade a big lot size, you can lose the big amount of money for an ordinary market loss. Traders who started their career with small account focus more on learning the market than making the profit. This is the right way of trading in Forex. Big traders do not know that and they end up closing their trades and losing money.
Small traders also make consistent profit, helping them in growing their career
If you are making consistent profit in your small account, you have better chances of growing your career. Traders with the big account do not have time for their account growing as they already started with the big account. If you think you want to be a professional trader in Forex, we suggest that you need to start your trading with a small account. It will help you in your career growth.