How To Grow a Small Trading Account in 2021

In today's Trading Beacon Tutorial, we'll be showing you EXACTLY How To Grow a Small Trading Account in 2021 fast, for small forex accounts and stocks.

This video is packed with info, so make sure to tune in to find out how to grow a small forex trading account in 2021!

-------------------------------

✅ Subscribe Now: https://www.youtube.com/channel/UCDSBQnqFvO6h3CDCSWkyZCg?sub_confirmation=1

📈 Free Trading Tutorials: https://www.youtube.com/playlist?list=PLoy2CgfUTK0IzfQgJLmT0TKihSwnND62B

-------------------------------
POPULAR VIDEOS:

👉 The #1 Indicator For Trading:
https://www.youtube.com/watch?v=XWt8h1aw-M0

👉 Know where a pullback will end every time:
https://www.youtube.com/watch?v=fxm6ou5RhNA

👉 Best Swing Trading Strategy:
https://www.youtube.com/watch?v=ST2AJBd2ubo

👉 Bollinger Bands and RSI Strategy:
https://www.youtube.com/watch?v=GiHv0govSck

👉 Heikin Ashi Trading Strategy:
https://www.youtube.com/watch?v=vREx1YlVyKE

👉 3 Bar Reversal Pattern Explained:
https://www.youtube.com/watch?v=aH2PWhxQyDE

-------------------------------

So let’s imagine we have a market that’s moving up into a fairly strong area of resistance. Our plan is going to be to wait for price to reject this area, and then enter a sell trade. Then we’re going to wait for price to return to the support that was formed from this swing high.

This is a good plan for a trade idea, but the mistake that many people make is how they enter these kinds of trades.

So we see a push up from price, and then a pullback. Another push up, and a pullback. And then one final push up into resistance. As we reach this area we see the first rejection come on this candle with a long wick, and price moves back down. We see a second attempt from price to push up but this gets rejected again and price begins moving back down.

So let’s say we wanted to wait for a price to close below this short-term swing low before we take our sell entry, so that we can get added confirmation on the trade. Price closes below on this red candle here...But this is exactly where most traders will make a mistake.

They take an entry on the close of this candle, Put their stop loss just above the area of resistance, And place their profit target at the support that was formed previously. Using this style of entry, you can see that this trade will provide a Reward to Risk ratio of roughly 1.5 to 1 → Meaning that if we risked $10 on this trade then we would stand to make $15 if price reached our target. So while this trade has a Reward to Risk ratio of greater than 1, there is actually a much better trade opportunity we could have taken instead if we were patient.

So instead of entering on the close of this candle, we could have used an intermediate level of resistance to get an even better entry on this trade, with a much better Reward to Risk ratio. So when price breaks down, we would look for an intermediate level of resistance that we could use for an entry, and wait for price to pull back into it before placing our sell trade.

-------------------------------

Beauty Flow by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/5025-beauty-flow
License: http://creativecommons.org/licenses/by/4.0/

-------------------------------

DISCLAIMER:
Foreign exchange trading 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. Past performance is not indicative of future results. The information presented today is not meant for use in live trading.
This video is not a recommendation to anyone on how to spend or invest their money. Take all videos as my own opinion, as entertainment, and at your own risk. I do not assume any responsibility or liability for any errors or omission in the content of this channel. This content is for educational purposes only, and is not tax, legal, financial or professional advice. Any action you take on the information in this video is strictly at your own risk. TradingBeacon.com and all individuals affiliated with this channel assume no responsibilities for your trading and investment results.

-------------------------------

#Trading

Видео How To Grow a Small Trading Account in 2021 канала Trading Beacon