Almost every trader enters into a market with a small trading account and has a dream of making it bigger and bigger as time goes directly or indirectly by losing limited amount of money from the market.
With the help of this article I will try to help you to my best and show you how to trade with a small trading account and make it successful with the growing time.
For this you need to completely change your outlook towards market and must be strictly disciplined with regards to trading.
If you are not getting proper sleep due to not getting progress in the field of trading then this article is definitely for you.
Before I say anything else ,I would like to tell you one truth that having a small trading account is not at all problem.
And another thing is that it’s not necessary that all the successful traders are full time traders , you can also become a successful trader being a part time trader. So please remove all the blind faith from your heart regarding trading.
If you have your trading account of 2000 rupees and you are making 200 rupees a month then you must consider yourself a successful trader.
Because many of the traders comes in a market with a trading account of 50000 rupees and lose their all money in a short period of time comparing this to , one who comes only with an account of just 2000 rupees and by making a consistent profit every month grows its account.
So it actually depends on your outlook towards market and your efforts in maintaining discipline in the market.
Main Thing Is To , First Concentrate On Trading Then on Making Money.
Don’t enter the market just with the goal of making money from the market because that kind of attitude is just going to let you down in the market.
You need to make proper trading plan, need to master a good trading strategy, must give your time in analyzing and understanding the market moves rather than trading.
Even if you have a large amount of money for trading , don’t trade your all money into the market at a time. First start trading with a small trading account get experience from it.
Then once if you become a successful trader with a small trading account then you may go for trading with higher account, for this you also need to become master in analyzing a good trading strategy.
No one can become rich within a night even a person like Dhirubhai Ambani , to become a rich man has struggle a lot to come to this position , so please don’t come under influence of any kind of brokers or websites who promises to make rich in short period of time.
Consider Your Small Trading Account Has Huge Amount.
Even if you have a million rupee in your trading account , the way of trading would be exactly the same as that of with your small trading account.
With a small trading account you always dream of making it bigger by winning lots and lots of money even with an account of million rupees the person feels to trade to get a good huge amount of return from the trade.
So indirectly the feelings also remain the same with a small and huge trading account , it’s just that you have to calculate your risk in the market , truth is that you can make growth in trading account by being slow trader and must not think in an emotional way.
If you have a huge trading account then you know that you require only few trades to make a profit from the market so you will always wait for a right kind of trade which satisfy your needs mention in your trading plan, this also avoids you to enter in any kind of trade which is not at all worth to trade.
So even if you have a small trading account you must do the same thing with your trading account. Stop in trading the trades which does not have a good risk to reward ratio and you must also not risk too much.
Managing Skills In The Small Trading Account.
It is same as that of big trading accounts , but don’t be hungry always to make hard and fast money , be slow, keep patience in the market.
For saving yourself in the market you need to trade on a small positioning size. Don’t enter into too much trades at a time , it’s just going to create more confusion for you.
This is the most common mistake made by all the traders in the market and hence they fail in the market , blaming their small trading accounts at the end.
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