Play-Audio-PTRadioToday we are going to talk about growing a 1,000 trading account. If you have a small trading account of 1,000 or if you have a much greater account but would like to actively trade a small part of 1,000 dollars... How would I approach that? I will walk you through a few items that I believe are really important.

Play the podcast

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Education feed

Editors’ Picks

EUR/USD settles above 1.1000 ahead of the Fed’s decision

EUR/USD trades in the 1.1010 region, down for the day and after pricing 1.0997. The dollar strengthened on upbeat Consumer Confidence, and despite a better market mood. All eyes now on the Federal Reserve.

EUR/USD News

GBP/USD below 1.3000 ahead of BOE

The dollar continues to advance against all of its major rivals, getting an additional boost from upbeat CB Consumer Confidence. GBP/USD trading around 1.2980. BOE to have a monetary policy meeting this Thursday.

GBP/USD News

USD/JPY bulls step in on optimism surrounding coronavirus

As far as the coronavirus goes, the latest reports are that the number of known cases of the new virus rose by nearly 60% overnight.

USD/JPY News

Editors’ Picks

EUR/USD settles above 1.1000 ahead of the Fed’s decision

EUR/USD trades in the 1.1010 region, down for the day and after pricing 1.0997. The dollar strengthened on upbeat Consumer Confidence, and despite a better market mood. All eyes now on the Federal Reserve.

EUR/USD News

GBP/USD below 1.3000 ahead of BOE

The dollar continues to advance against all of its major rivals, getting an additional boost from upbeat CB Consumer Confidence. GBP/USD trading around 1.2980. BOE to have a monetary policy meeting this Thursday.

GBP/USD News

USD/JPY bulls step in on optimism surrounding coronavirus

As far as the coronavirus goes, the latest reports are that the number of known cases of the new virus rose by nearly 60% overnight.

USD/JPY News

Australian RBA's quarterly inflation preview: No chances of a U-turn in AUD/USD

Australia will release  Q4 inflation estimates early Wednesday. Quarterly inflation is expected to have risen by 0.6%, slightly better than Q3 0.5%, while yearly basis,  the CPI is seen unchanged at 1.7%.

Read more

Gold drops further near $1565 amid risk appetite

Gold prices continued to move lower during the American session and reached a fresh daily low at $1566/oz.

Gold News

RECOMMENDED LESSONS

7 Ways to Avoid Forex Scams

The forex industry is recently seeing more and more scams. Here are 7 ways to avoid losing your money in such scams: Forex scams are becoming frequent. Michael Greenberg reports on luxurious expenses, including a submarine bought from the money taken from forex traders. Here’s another report of a forex fraud. So, how can we avoid falling in such forex scams?

What Are the 10 Fatal Mistakes Traders Make

Trading is exciting. Trading is hard. Trading is extremely hard. Some say that it takes more than 10,000 hours to master. Others believe that trading is the way to quick riches. They might be both wrong. What is important to know that no matter how experienced you are, mistakes will be part of the trading process.

Strategy

Money Management

Psychology