A Simple Approach To Growing a Forex Account from $5,000 to $200,000 in 1 Year

In this video I show a simple forex account growth approach that can be used as a model for growing a small forex trading account. In my example, I show how an account can be grown from $5,000 to $200,000 in 1 year using a conservative position sizing approach. This approach can be adjusted as needed to account for losses or more aggressive or conservative position sizing. ExtraordinaryTrading.com Forex Trading Signals: ExtraordinaryTrading.com

Comments

1. Hi Yolanda, Up to this video now :) how many brokers would you suggest using if you managed to trade this schedule? Would you stop when you reach 20,000 and register with a new broker and keep doing that? As I'm told you shouldnt use just one broker. Is there a set amount that you stick to and then withdraw/change broker?
2. which broker do you trust and use?
3. Hey thank you so much for the videos they help a lot! DO you have any videos or recommedations on where to place stop losses in the 5 minute time frame? I plan on opening an account tomorrow and could use some more advice on preventing risks. Thanks!
4. Hello, I am new to forex...wouldn't opening a standard lot account with only $5000 be very risky? Especially if my style of trading is scalping? Thanks!
5. If I'm getting into a trade for the week, which time frame should I look at when analyzing the graphs to find an entry point?
6. What risk/reward ratio would be using whilst utilising this money management principle?
7. my ultimate goal is to reach $1000/pip while risking only 1% of ur account :)
8. Great video, obviously a trader has to consider cost of trading by adding a few pips to cover cost and as u stated some weeks may be losing weeks due to stops being hit. Enjoyed, have a great trading week
9. What leverage would you use on this?
10. i like u r all video i have one simple question how to earn 100pip what strategy have to use to gain daily 100pips if u explain i will be thankful to u thanks