Can You Trade Forex With $10?
Here is how to grow your small forex account!
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Video editor- / oscarmedits
*DISCLAIMER* I am not a financial advisor and anything that I say on this KZread channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and my personal experience. You should always understand that with investing there is always risk. You should always do your own research before making any investment. Why you need to treat your forex trading as you would a business!
Пікірлер: 71
First few trades are very important so close trades even if u get 10 pips or 20 pips
Hey Will. I simply change the $10 into 1000cents and really that makes it look it bigger.
The trick of trading small accounts is to have less drawdowns
@orofox2756
Жыл бұрын
And full margin 😎
@akejuifeoluwa4632
Жыл бұрын
@@orofox2756 full what?🤔 Blown account
@dracozain1023
Жыл бұрын
Tell the market to give you less drawdowns and quit hitting your $3 stoplosses 😂 2 trades loss.. you out
@dattebayo9169
Жыл бұрын
what is drawdown?
@sufferguru9139
11 ай бұрын
@@dattebayo9169probably is when your is against the market
Morning, finally something I can look into my small account. Agree with you, I stop to-pup my mini acc, till I upgraded my trading skill 🙂.
Absolutely brilliant video for anyone thinking of starting off Trading with a smaller capital size. Good tips and golden nuggets of information
Loving these videos mate keep it up
Brilliant advice Wills! I built up my account from $300 to $800 last week but unexpectedly blew half of it on WTI. Painful! My demo is doing well though 32k to 144k in a week but trading on small percentages is probably the only real way to go. Keep up the great work kid!
@mk_4567
Жыл бұрын
How are you growing account so fast?
@Real-wr4tw
Жыл бұрын
@@mk_4567 demo
@giannishutup
Жыл бұрын
always remain consistently small, never get greedy. Stick to your money management, think long term and realise the power of compounding.
@relaxer37
Жыл бұрын
@@mk_4567 I did well when the pound fell, caught the breakout.
Thank you for making this video👍
how do you advise a beginner day trader, what is the best chart to analysis
what editing software do you use??
thank you bro for this knowledge.
Are you coming over the strategy?
What leverage do you use to trade?(not ratios)
You should start a podcast
Redenominate your small account in your head to weak currencies... 500 quid account is 14 million Vietnamese Dong, 800k S. Korean Won, 21k Thai Baht... or even 50k Great British Pennies
I was recently scammed out of £9000 by a Chinese broker. PLEASE make sure if you are new make sure your broker is FCA regulated
@mrpink525
Жыл бұрын
Sorry about that. Facts u should always trade with FCA regulated broker
you can eazy duplicate 10dolar to 100 and 100 to more and more
With 10 dollars... u just need to flip the acc. Simple yet risky
Hey, i commented on another video, i just hit my profit on my 20k ftmo challenge in 2 days, do i now have to trade for the minimum 10 days to pass?
@kayes4495
Жыл бұрын
why don't you read the ftmo guidelines? can't believe you've taken a challenge and trying to use the youtube comment section to try find out what to do...
@lennsteendijk7854
Жыл бұрын
Yes just trade 0.01 lots and close them. Do that everyday untill you hit the 10 trading days
@humble2828
Жыл бұрын
Yes you need to trade for 10 days, but you can use micro lots
@JLR-Handmade
Жыл бұрын
@@kayes4495 literally tho ahahahaha, it’s like people that ask questions on Facebook that they could just google lmao
Can you please passd my forex funds challenge
Please Wills whats the better leverage to use on a $10 account while trading it?
@ghanoulimame2537
Жыл бұрын
1:1000
@JLR-Handmade
Жыл бұрын
It depends how much you are willing to risk. I recommend 1%-3%
@edescomillie5688
Жыл бұрын
Thanls so much @Ghanou @James_Rowland
@JLR-Handmade
Жыл бұрын
@@edescomillie5688 don’t listen to that other person they’re having you on plus i doubt any broker would even give that leverage lmao
What if you have a 500 account but you are willing to risk 3% per trade on that account and i'm making 3-4% on that account every months then i can take that profit from that account and invest into a prop firm account now the risk change in just risking 0.5%-1% on that 100k-300k account with MFF?
@ulkord
Жыл бұрын
That's kind of a weird question. How much you risk is up to how much you are willing to lose, that's it. If you know what you are doing and why you are doing it then go ahead and do just that.
@marshall0265
Жыл бұрын
It is best to trade with the Same stratagy on the personal account when building up knowledge and cash. It will give you a head start into the prop firm mindset when dealing with higher cash trades. naturally you dont want to lose any money, but it will come and aiming to minimise it is part of the game but you need to be comfortable with the Red numbers when they come
What regulated broker even let’s u trade with £10?
@gifted4940
Жыл бұрын
Fbs
@mrpink525
Жыл бұрын
@@gifted4940 they aren’t FCA regulated. Headquarters in Cyprus?
@relaxer37
Жыл бұрын
CMC markets
@dracozain1023
Жыл бұрын
@@mrpink525 They are still regulated, Fsca and Fsc , licensed, regardless of where the headquarters is from
@mrpink525
Жыл бұрын
@@dracozain1023 fbs doesn’t even allow UK users
❤❤❤
Which broker allows u to start with 10 pounds ?
@DanielButt
Жыл бұрын
None
@relaxer37
Жыл бұрын
I use CMC markets. Often Ive traded really small accounts.
@michalemiller5134
Жыл бұрын
Kot4x
@dracozain1023
Жыл бұрын
@@DanielButt you'd be surprised how many brokers that don't allow US citizens but have a low deposit as £5, Regulated and licensed, everything, i know about 10
@wanangwankhoma6779
Жыл бұрын
Exness Broker..
There are no such $10 accounts. State real figures.
@kelenadavis2490
Жыл бұрын
What brokers are you researching?🤨they are even brokers that let you deposit $5. They exist
@dniilii
Жыл бұрын
@@kelenadavis2490 what brokers?
Will i gotta ask.. did your trading takeoff exponentially with the beard? asking for a friend... might delete later... good vid boyyyy :)
@WillAldridge
Жыл бұрын
Hahaha technically it did🧔♂️bigger the beard, bigger the profit😎
has your twitter been hacked mate
@WillAldridge
Жыл бұрын
Are you seeing the right account?
The wise stay financial stable by spending less and investing more and the unwise remains poor by spending more and yet not investing like the wise ones do.
@patrickmartin2894
Жыл бұрын
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today
1:3000 / 50eu max / 0.50 Buy stop / CPI = GG U talking about dummys 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
First
Just followed you on ig