Today 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.