In a different article, I write on why you should not trade with 100USD (Click HERE to read the article) In essence, the gist of the article is that the profits you make trading with 100USD are just too little to warrant sitting down for a whole day for such pay. But assuming you are THAT determined and that patient – not to mention disciplined – here is how to grow your 100USD account to 1,000USD in just one year.
1. If you are losing money, close your position, switch off your computer and WALK OUT for some fresh air and maybe some ice-cream or mutura. You can even opt to stay out of the market for a day or two to compose yourself. Traders who keep trading while on a losing streak only end up making more losses.
Like the new craze in town, Social trading seems to be the ‘in-thing’ and buzzword among forex traders. Many trainers, ebook authors and seasoned traders swear upon the social trading alter and claim that it is a sure-fire way to make huge sums of money without ever losing a cent. Really? I don’t think so.