Nov 30 2023

Top 5 Proven Forex Trading Strategies For All Levels
The top 5 forex trading strategies are: trend following, scalping, swing trading, price action trading and position trading.
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By Stefano Treviso , Updated on: May 24 2023.
$100 is definitely enough to start trading Forex assuming that the trader has clear expectations on his potential returns and doesn't chooses to double down on riskier leveraged trades in order to gain higher profits.
The main problem that every new trader has is the desire to generate large profits regardless of their available capital and this can result in a very expensive mistake.
A new trader with a $100 account, may think that generating a $50 profit is a small number, but what he fails to see is that in order to create that $50 profit in a short timeframe, the trader most likely will have to engage in oversized and high risk trades (for his account). Here's an example:
Here's where it gets interesting, since our trader needs leverage in order to potentially see some decent profits, he's missing out on the fact that he basically just risked 1/3rd of his buying power on a single trade and even worse, the most likely thing that could happen to our trader is that he uses full buying power to open a $3,000 position in order to be able to gain more profits and just like that, he can erase his account in a very short timeframe.
Trading Forex with $100 is completely possible as long as a trader understands that he must trade proportionally to his account size with an effective risk management plan. This will prevent him from risking far more than what he should risk.
Now that we explained the situation better, we can conclude the following:
What could be considered a better course of action?
Nov 30 2023
The top 5 forex trading strategies are: trend following, scalping, swing trading, price action trading and position trading.
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