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Small Trading Account Advantages.
http://www.financial-spread-betting.com/Making-a-living-spreads.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Small Account vs Big Account. Do you need a big trading account to learn trading!? Why trading a small account is a big advantage (when starting out)!
Some people with no trading experience get into trading and start trading with substantial accounts immediately in the expectation that this will enable them to do some decent trades with good profitability. But that can be tricky particularly if you're a beginner and sometimes its better starting out with a small account.
Tips for Trading with Low Capital
Let's look at the advantages of a small trading account versus a big trading account...
- 'Skin in the Game'; the real reason you want to trade with real money is to have some skin in the game. If you trade on demo its nowhere near to real-world trading. Having too much money on the line also makes it a lot harder for you though.
- A blowup isn't devastating; yes you will lose your money but at least you won't end up severely damaged. Make mistakes with a small trading account...
- Forces to be selective. With a large trading account you aren't forced to focus on specific areas or markets so in a way it becomes harder.
- Learn proper risk management. You will end making mistakes with your stop losses or position sizing..etc Maybe not mistakes but you learn to improve as you go along and its better to do this with a new account. If you're new to trading you may not even know the trading style you want to adopt; you just want to make money!
- You can make mistakes and not worry. With a small account you 'learn' cheaply, you can make mistakes cheaply..
Related Videos [not exhaustive - simply use the search function on this channel to find more related videos]
Should I Bother Trading with Less than 10k? Trading Small Accounts Worth It? 💰
https://www.youtube.com/watch?v=dRtTJHmKTNATips for Trading with a Small Account 😐😉
https://www.youtube.com/watch?v=qCKQUrvbjbcBest Trading Strategy if You Have a Small Trading Account / Low Capital? 😐😉
https://www.youtube.com/watch?v=07Kjqaa7KQAWhy can Most Traders Make $1000 but not $100,000? 🤑
https://www.youtube.com/watch?v=gOnPI3Tg5-IWhy Trading a Small Account is a Big Advantage 👍
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