How To 20x A Forex Small Account In Less Than A Week

Hey guys, let's talk about the best strategy for growing small accounts. It's not scalping. If you've been blowing your small account, it's likely because of scalping. Many of you want to make quick money, but this approach often leads to losses. Instead, consider developing a good swing trade strategy.

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The Problem with Scalping

Scalping requires a big account to manage small wins and occasional losses. With a small account, scalping is unpredictable and often results in emotional trading and significant losses.

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Benefits of Swing Trading

Swing trading can grow your small account more effectively. For example, a trade might take 2-4 days before you exit. Let's look at this trade: you could exit when the arrow appears or wait for the green line to cross the top and be in the middle of the support lines.

Example of a Successful Swing Trade

Swing trading can yield significant profits, like 300 pips in one trade. Use a stop loss of no more than 25 pips. You can potentially 10x or 20x your trade, meaning you can risk losing several times but still make a profit with one successful trade.

Why Swing Trading is Better for Small Accounts

Swing trading allows you to capitalize on big moves without the constant need for monitoring or news. One good trade can recover losses from multiple small trades, providing a more stable and profitable approach.

The Role of News in Scalping

To scalp effectively, you need news to drive market movements. Without news, scalping is unpredictable and can lead to significant losses. Swing trading offers peace of mind and the potential for large gains with a smaller account.

Practical Examples

Here's an example with the CAD/CHF pair: a trade took about two days and yielded 90 pips. Another trade on the same pair could have gained 170 pips. Swing trading allows you to capitalize on these big moves.

Risk Management in Swing Trading

For instance, a swing trade from 700 pips down to 500 pips can still be highly profitable. You only need a tight stop loss of 25-30 pips to manage risk effectively. Even if you lose several trades, one successful trade can offset those losses.

Conclusion

In summary, the strategy for growing a small account is swing trading. It provides stability and profitability without the need for constant monitoring or reliance on news. If you want to learn more about this approach and get access to useful indicators, check the link in the description below. CLICK HERE TO LEARN MORE