How do You Utilize $500 in Forex Market

Best Forex Trading Systems for your $500 account– $500 is not much to get started in forex trading. To risk no more than 2% of your capital per trade you will need to trade micro lots.

Most Professional traders use a small percentage of their accounts to trade with.

This keeps their risk small and prevents large draw downs in their accounts if they run into a string of losses.

They usually use 1% or 2% of their balance per trade.

Some traders “scale into” positions by adding as they go their way (into profit) and scale out as the position extends to their predetermined target.

The reason you scale in is that if the position goes against you you won’t lose more than a minimal amount because the trade didn’t prove itself.

If it goes your way you can always add to the position.

 

Always Think of Your Risk First and Your Profit Second

Once again…!!!

$500 is not much to get started in Forex trading business.

Don’t give in to the temptation to use 10% or 20% of your account balance per trade.

Forex is a volatile market and things can go against you very quickly. Always think of your risk first and your profit second. Protect your trading capital.

When trading demo you may get a false sense that Forex is easy to trade. When you go live things may be different.

Trade small and take things slow when you trade live.

Always protect your capital and don’t over trade. Below are Top 5 Best Forex Trading Systems  for your $500 trading account…

 

• Awesome Oscillator Forex Trading Strategy with Bollinger Bands and Heiken Ashi Histogram

Successfull Forex Awesome Oscillator Trading System with Bollinger Bands and Heiken Ashi Histogram –  Awesome Oscillator (AO) is a momentum indicator reflecting the precise changes in the market driving force which helps to identify the trend’s strength up to the points of formation and reversal.

Awesome Oscillator Strategy includes 3 ways of trading. The first way is to open a sell position when the oscillator is below the zero line forming a peak, and open a buy position when the oscillator is above the zero line forming a gap.

 

• Forex Step Stochastic Intraday Trading with Snake Custom Indicator

High Accuracy Forex Step Stochastic Intraday Trading with Snake Custom Indicator – Intraday traders are mostly full time traders and it is imperative that they dedicate themselves to the task during whatever market hours they trade.

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Strictly, intraday trading is trading only within a day, such that all positions are closed before the market closes for the trading day. Many traders may not be so strict or may have day trading as one component of an overall strategy. Traders who participate in intraday trading are called day traders. Traders who trade in this capacity with the motive of profit are therefore speculators.

 

• Forex High Profits High Accuracy Parabolic SAR System with Simple Moving Average and ATR Ratio

Forex High Profits High Accuracy Forex Trading System – This best Parabolic Sar Forex Trading System with Simple Moving Average and ATR Ratio Indicator trading concepts and techniques are simple and easy to learn.

The Parabolic Stop and Reverse (SAR) is a trend following indicator, which is used to effectively identify price reversals.

 

• Double CCI Retracement Forex Trading Method with Heiken Ashi Smoothed

 CCI Trading Strategy – Double CCI Forex Trading Method with Heiken Ashi Smoothed. The CCI has seen substantial growth in popularity amongst technical investors; today’s traders often use the indicator to determine cyclical trends in not only commodities, but also equities and currencies.

The CCI, when used in conjunction with other oscillators, can be a valuable tool to identify potential peaks and valleys in the asset’s price, and thus provide investors with reasonable evidence to estimate changes in the direction of price movement of the asset.

 

• Forex Bollinger Bands Trading System with 4 Time Frame Gann Hilo Indicator

High Accuracy Forex Bollinger Bands Trading System – Bollinger Bands® are volatility bands placed above and below a moving average. Volatility is based on the standard deviation, which changes as volatility increases and decreases.

The bands automatically widen when volatility increases and narrow when volatility decreases.

This dynamic nature of Bollinger Bands also means they can be used on different securities with the standard settings.

For signals, Bollinger Bands can be used to identify M-Tops and W-Bottoms or to determine the strength of the trend.

Signals derived from narrowing BandWidth are discussed in the chart school article on BandWidth.

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Forex and CFD trading requires you to be in a good mental condition.

Be Patience…!!! You are like a marathon runner.

You don’t want to lose your breath.

You want to stay on track for many more years to come.

The worst feeling in the world is wanting to trade and not being able to do so because the equity in your account is too low, and your brokerage firm will not allow you to continue unless you submit more funds.