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Ways to grow a small trading account

Not everyone is able to start trading with a big account. In fact, if you are a beginner, it’s certainly better for you not to risk a big amount of money right away. At the same time, smaller accounts do require a special approach.

Not everyone is
able to start trading with a big account. In fact, if you are a beginner, it’s
certainly better for you not to risk a big amount of money right away. At the
same time, smaller accounts do require a special approach.

In this article,
we will provide some recommendations on how to trade with small accounts with
the maximum efficiency, so that a small account eventually turns into a big
one.

What is a small account?

There’s no exact
definition of a small account. We are likely talking about the cent and the micro account types.
Initial deposit here starts from $1 and $5 respectively. Given the fact that
the smallest order volume on Forex is 0.01 that corresponds to 1,000 units of a
base currency, it’s not really hard to do the math and calculate the minimum
amount of money you need to start trading.

To do that,
consider the leverage you will use as well as the percent of the capital you
are ready to risk in one trade and the number of open positions you want to be
able to have at one time.

Notice that if you
are not sure about the calculations, you can always make some risk-free trades
on a demo account or get a welcome
bonus
from the broker. These options will let you test not
only the mechanics of trading but also the quality of the company’s
service.     

Problems of small accounts

The jokes about
size are not really funny, and yet the nature of problems you can face while
trading with a small account indeed comes from the fact that you don’t have a
lot of funds at your disposal.

This, in turn,
means the absence of a big buffer against mistakes or unexpected losses. As a
result, with a small account, it’s necessary to be especially vigilant about
managing risks. You will have to calculate the acceptable position size, use
stop-loss orders and watch your risk/reward ratio and not just open a trade
with arbitrary parameters.

The biggest
problem of small accounts is that smaller positions mean that profit would be
smaller than the one you could get if you traded with bigger sums of money. In
addition, you won’t be able to make many simultaneous trades.

As a result, even
if your trades are successful, s small account will grow much slower than the
big one. This can be a major psychological challenge for a trader: after all,
who doesn’t want to get more money fast? The fact that you put a lot of effort
into your trading and it doesn’t pay off big time may be very disturbing.

Recommendations for trading with small accounts

First of all, it’s
necessary to calm down and ensure that your mindset is positive. Everything has
to start somewhere and a small account is not a bad thing to begin your trading
career. After all, practice has shown that trading with small accounts can be
as successful as trading with big accounts.

Get comfort from
the fact that with a smaller account you won’t risk your financial well-being
and yet you will be able to gain the invaluable trading experience, develop
patience, discipline, and all other qualities that are good for a trader while
making money in the process. If you have realistic expectations and look at
everything rationally, you will be able to concentrate on the benefits of
trading with a small account.

That doesn’t mean,
of course, that you shouldn’t aim for bigger things. Although this is surely
entirely your decision to make, we would like to point out that there’s a sense
not to withdraw profit you get from a small account.

After all, there’s
no other good way to make this account bigger, except, of course, investing
more money of your own. At the same time, we don’t recommend you to increase
your typical position size every time your account gets bigger.

Increase the size
of your trades only when you are most definitely ready for that and do it
gradually. This way you will be able to avoid rash steps while maintaining the
sense that you are in control of your money and actions.

Another tip is not
to set daily profit goals: the market’s situation is different every day, and
you can’t be sure that every day will offer you equal opportunities (you can
actually be pretty sure in the opposite thing). The necessity of meeting a
daily target will put you under useless pressure.

You can set goals
and track your progress and motivation but choose a bigger scale for that. In
addition, try not to compare your performance with the results of others. Focus
on what you are doing and on becoming a better version of your trading self.

Next, a small
account implies that you should be very active. Try to keep more capital at
work: if you have free margin, look for more trade ideas. However, it’s very
important that in your quest for the quantity you don’t cut corners on the
quality.

Do you remember
that we have ascertained earlier that there would be less room for mistakes?
Well, it means that you should be picky about the trades you make and go with
those that have the highest probability of success. Here much depends on your
trading system and methods of market analysts.

In any case, make
sure that you filter out bad signals, have confirmations from several tools of
technical analysis and stay psychologically comfortable with every trade. When
the price arrives to your target, don’t be too greedy and take profit: even if
you suddenly want more, no one prevents you from analyzing the market once
again and making another trade. 

All in all, if you follow these recommendations,
trading with a small account will teach you everything you will need to know
for managing bigger sums of money. Of course, you won’t make billions with a
small account, but you will be able to practice and achieve decent results.
Never regret the fact that you could have opened a bigger trade. Everything in
life could be better, bigger, brighter and so on. Praise yourself for your
success and move forward with steady steps – this is the most reliable way to
have a big account someday.

This article was
submitted by FBS.

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Why You Need to Get Onboard With Blockchain!

Why You Need to Get Onboard With Blockchain!

Blockchain tech – so revolutionary in nature that some are calling it the “new internet.” It has applications in just about every industry, and has completely altered the way we think about internet security, the processing of information, and the speed of transactions.

Blockchain is the technology that supports the digital currency  or cryptocurrency called Bitcoin –

however this is not what it is really about as it has a far wider scope of applications and is being commercialized in a growing number of areas.

It has generated much interest in technology circles and beyond, because of the new possibilities it opens up in financial services, the public sector and other areas.

According to sites like BitFortune.net, blockchain tech is definitely worth keeping an eye on due to the myriad of benefits it provides.

Blockchain and Bitcoin are not the same thing – Bitcoin is implemented using blockchain technology, but blockchain technology can be used in contexts much wider than Bitcoin or other cryptocurrencies. so when we are talking about the blockchain we are talking about a combination of a number of technologies, these including:

  • Distributed ledgers.
  • The blockchain data structure.
  • Public key cryptography.
  • Consensus mechanisms.

Part of what makes it so exciting is that it is completely open source. As a result, there are already a number of interesting blockchain apps, and the number is growing daily.

The technology is so secure that it is already being used by DARPA to secure military data. Various governments around the world are working on ways to use the tech to protect their own data.
The tech is tamper-proof, and the data stored within it is permanent. It cannot be erased or altered, and this is what makes it so enticing to those needing more secure networks.

But there is more, folks. (Okay, so that sounds a bit like an infomercial, but the benefits are real nonetheless.) Transactions can speed across the network – taking only as much time as it takes for them to be authorized.

The blockchain cannot be described just as a revolution. It is a tsunami-like phenomenon, slowly advancing and gradually enveloping everything along its way by the force of its progression.

William Mougayar

The system runs without the need for an intermediary, and this reduces the time it takes to execute transactions. This, and the unique way that the tech works, means that costs are significantly reduced as well.

What makes it so revolutionary is that the information is spread across every computer within the network. With Bitcoin, that means the data is securely “backed up” over thousands of computers.

Now, it is unlikely that banks will entrust their data to a public network in the same way, but they have been working on creating networks of their own instead.

The potential savings in terms of cost and time are extensive. If you want to learn more about these savings, check out the infographic below.

 

Why You Need to Get Onboard With Blockchain!


Why You Need to Get Onboard With Blockchain!


Visit bitfortune.net . for more interesting Infographics

Guys did an amazing job and was allowed to share.


 

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Statements about Cryptocurrency

Statements about Cryptocurrency

Cryptocurrencies are in a bubble and regulators could burst this at a whim.

  • Eight years after the introduction of Bitcoin, there are now over 900 cryptocurrencies and their prices are at all-time highs.
  • Richard Schiller categorizes bubbles as an underlying story driving the market forward, as opposed to the fundamentals of the assets. Cryptocurrencies are riding on a narrative of economic empowerment and freedom.
  • Despite the widespread attention that cryptocurrency receive, many of the actors involved in the market are not fully informed. Debate tends to turn to hype and naive investors are buying crypto-assets without fully understanding what they are.
  • Banks spend 73% of the market capitalization of Bitcoin each year on regulatory compliance. Crypto-assets are currently unregulated and free of these restrictions. As such, the market has thrived but also developed some bad habits.
  • Regulators cannot necessarily shut down cryptocurrencies, but they can restrict liquidity into them from fiat currencies and hamper their growth. The global derivatives market, for example, is worth $1.2 quadrillion, dwarfing Bitcoin’s $100 billion market cap.

Statements about Cryptocurrency

Market manipulations in crypto markets are undermining their credibility.

  • Due to low liquidity, no regulation, and a lack of clear understanding of the markets, pump and dumps are widespread in crypto markets. This is where a speculator can artificially sell while concurrently buying their own currency, wait for the market to rise, and then dump their holdings.
  • Frontrunning is also a common occurrence in ICOs, where early investors—who are used to show initial faith in the enterprise—buy discounted tokens before immediately selling them on.

As with historic bubbles, scams are exploiting naive investors.

ICOs can have the characteristics of vaporware. Entrepreneurs are raising hundred of millions of dollars purely on concepts. Money is being raised from investors who do not truly understand the technical concepts being proposed to them, let alone whether they are feasible.

  • The actual asset structures of ICOs are not only complex but also new forms of assets in their own right. This further confuses investors, which is compounded by the “FOMO” mentality of rushing into investments and following the crowd.
  • The use of celebrities to promote ICOs further demonstrates the use of manipulative marketing techniques used to cajole immature investors into participating in ICOs.
  • The current ICO craze is reminiscent of the South Sea Bubble of the 18th century, a speculatory period that involved crazed investment into enterprises in the New World. Once one of the highest valued companies of all time, the South Sea Company’s bubble burst and the company disappeared almost as quickly as it appeared.

Blockchains are still not proven technology, and more work is required.

  • Blockchains are still new concepts and their technology has not yet been proven on a consumer-wide scale. Attention should be focused on developing this, not speculating on short-termist projects.
  • The security of blockchains is a concept that most investors in crypto-assets do not understand. The onus is on them to protect their assets, which, on the basis of the amount of thefts and frauds in the space, is not being done properly.

There are some solutions to these issues.

  • A less polarized mentality of “us against the world” is needed; this could be enforced by the promotion of self-regulatory standards. These could also help to highlight the bad actors in the ecosystem.
  • More development is required into the underlying technology of blockchains. In the long run, this would be far more valuable than ICO moon-shot projects.
  • Awareness and discussion needs to be promoted. Conferences should present balanced debates from both sides of the crypto-view and more emphasis should be placed on educating investors instead of soliciting their investments.

Originally Published here at https://www.toptal.com

Statements about Cryptocurrency

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CMStrader Signals provider, the number 1 signal provider 4 years in a row

CMStrader Signals provider, the number 1 signal provider 4 years in a row.

CMStrader, the number 1 signal provider 4 years in a row, is now offering free signals to new clients!  Reliable trading tools are fundamental part of successful trading.

cmstrader for the Best Trading Signals

cmstrader for the Best Trading Signals

 

CMStrader’s signals success rate is estimated in 91% this should be enough to take a look and decide for yourself. since this is their biggest feature and drives this broker towards success, it is opretty afe to say that they do their utmost to provide you with quality forex signals.

This broker also entered the cryptocurrency market and offers several cryptocurrencies.  in short they act on the market and engage their clients directly.

when you start trading at CMSTrader, you can choose from a extended list of currencies, indices, commodities, gold and oil.

CMStrader Signals for better Trading

CMSTrader sends trading signals to traders’ accounts when there is an opportunity to buy or sell orders at specific points; an overview of the speculated price or loss ratio is included.

CMStrader Signals the number 1 signal provider among brokers

CMStrader Signals the number 1 signal provider among brokers

The signals are sent directly via SMS to a cellphone for major currencies traded on the stock exchange, foreign goods and precious metals.

In addition, signals can be sent to an e-mail address and or traders can be notified directly over the phone.  This service is available 24/5.

Like with Most proper signal services don’t expect 50 signals a day as simply there are not that many. you will get maybe a few good ones a day on which you could and most of the time should act.

Earn profits with CMStrader Signals in the forex market – the biggest trading scene in the world. Enjoy our unique benefits, trading education, minimum margin and best leverage! Start with a demo account and enter the amazing world of forex with CMStrader.

More about CMStrader Signals & Forex Broker

  • Name :CMSTrader
  • Website :cmstrader.com
  • Established :2013
  • Regulation :FSP
  • Country :United Kingdom
  • U.S. Clients Allowed ?  :No

CMSTrader is a leading investment advisor specializing in personal wealth management and growth and is a somewhat a newcomer to the Forex market.

they started in 2013 and since then have won several awards 2 including one for having best customer service in 2013.

CMSTrader “CMStrader Signals” is authorized under the name of CMS Ventures Limited which is a New Zealand Registered Financial Service Provider (FSP).

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