Ticker tape by TradingView

Want Trade Alerts?

See all of our entries, exits, and analysis. 
Use code READER for 25% OFF!
Join VIP

The Truth about Growing a Small Forex Account

Is it possible to flip an account in a short period of time?

Yes, It is theoretically possible.

Is it likely?

Not really.
Unfortunately, flipping a small amount of money in a short period is risky and usually won't go your way. While still possible, this method of trading is more like gambling than trading.

Let's pretend you have a $1,000 account:

Let's pretend you have $1,000 in your account that you would like to turn into $2000 in a matter of a year. A yearly return of 100% is an extremely hard number to reach for any trader. In order to increase your account by 100% in a year you would need to risk a substantial amount of your capital. This is where things get tricky. 

In most cases, one series of losses or one major loss can result in you blowing your $1000 account which is why we never recommend high risk trading like this. Of course, you may get lucky with some trades but it only takes one trade that doesn't go your way to completely erase your account.  

So let's go back and say your goal is a return of 20% per year. This is a much more realistic goal and truthfully is a really great return in a year. If you were able to make this return on your $1000 account after a year your account will have reached $1200. 

The Truth about Growing a Small Account

Unfortunately, it takes money to make money. This is especially true in forex. Making 20% on a $1,000 account is a lot different than making 20% on a $100,000 account. However, there are ways to grow your wealth in a safe way. 

Most people don't like to hear the truth about growing a small account. The truth is growing a small account will take time. The only way to safely grow your money is by risking small amounts and compounding your money over time. 

Speaking realistically, making 20% on a $1,000 account a year is not going to make a huge impact on your financial situation but that doesn't mean it won't in the future. Let's say in a few years you've managed to save and invest your money and now you have $10,000 in your account. In that time, you also learned the skills to trade and can now manage that money effectively. Using your learned skills and the money you've saved you can generate steady returns over time.

Psst! Don't know where to get started? Check out our free education page.

Forex gurus don't want you to know this:

We get a lot of backlash when we say that flipping an account in a short period of time is very unlikely. People like to argue that account flipping is easy because they know or follow someone who does it. Are they able to show you a third party track record to prove this? Chances are they will dance around this question but won't actually be able to prove anything. 

The secret that most "gurus" won't tell you about forex trading is most retail traders don't make any money in forex trading.  This is not to discourage you to trade. However, it is important to be realistic and understand that forex is not the secret to get rich quick. Being successful in trading will take patience and practice. Start on a demo account, save your money and only start trading with real money once you have found a strategy that works for you.

Key Takeaways

  • Flipping accounts in a short time period isn't trading, its gambling.
  • Start on a demo account, save your money and start trading with real money once you have found a strategy that works for you.
  • You're not alone. We provide tons of free and paid content to help you become a successful. Stick around, we want to help.

Learn how to join a small account the right way

Get Alerts every time we take a trade!

Join The VIP Community!

Our entries, exits, & analysis
Live webinar coaching calls
Trading chatrooms
Strategy library
Use Code "READER" for $5 OFF!
Join Now

Need a Better Broker?

Bitcoin, Ethereum On Sale Again

9/24/2021 The People's Bank of China banned all crypto transactions on overseas Chinese services along with its domestic ban. Bitcoin is down over 8% today and Ethereum is down 11.48%. Our outlook I think we're seeing a lot of noise around China and their condemning of cryptocurrencies before they digitize their own. In the short […]

Read More
What's To Know After The BoE's Monetary Policy Summary

Let's look into the Bank of England's Monetary Policy Summary which took place on Thursday the 23rd of September, 2021. Quick Summary: BoE keeps interest rates unchanged at 0.10% BoE will maintain its asset purchasing target at £875B The vote to keep policy unchanged passed with a 7-2 vote The minutes of the MPC meeting […]

Read More
Is Gold A Buy Here?

9/23/2021 The precious metal snapped three days of gains and tumbled back down to the support range from $1740s-1760s approximately. Gold is down -.56% on the day going into the opening of the NY session. Our outlook Gold will likely rise on the US indices falling, and is usually due to slowing economic growth. Because […]

Read More
Bitcoin Goes On Sale- Golden Cross Opportunity

9/21/2021 Bitcoin Update For the past month, Bitcoin went on a tear rising over 20% from the beginning of August. Recently, however, China and other risk-off factors have contributed to a 23% decline from the recent highs around $52,760. Now the most prominent crypto has touched these monthly lows which could be a potentially good […]

Read More
DISCLAIMER: All comments made by TraderNick’s Forex Group, LLC are for educational and informational purposes only. All comments should not be construed as investment advice regarding the purchase or sale of any securities or financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities or financial instruments mentioned by TraderNick’s Forex Group, LLC. TraderNick’s Forex Group, LLC assumes no responsibility for your trading and investment results. All information on any of the platforms utilized by TraderNick’s Forex Group, LLC was obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. TraderNick’s Forex Group, LLC, its employees, representatives, and affiliated individuals may have a position or effect transactions in the securities and financial instruments herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves very high risk and may not be suitable for all investors. TraderNick’s Forex Group, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment result. Read our full disclaimer here

A1 Trading Company

A1 Trading Company is a financial services and media business founded in Atlanta, USA.
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram