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Grow Your Trading Account

Grow Your Trading Account

Forex trading is a popular way of earning money online, but it requires discipline, strategy, and a lot of patience. One of the main goals of forex trading is to grow your trading account. However, growing your forex trading account is not an easy task, and it requires a lot of effort, knowledge, and experience. In this article, we will discuss some tips on how to multiply your forex trading account. I have very successful traders loosing their account because of breach of set rules , either they start overtrade or trade without placing a Stop Loss .

Have a trading plan

The first step to multiply your forex trading account is to have a trading plan. Your trading plan should include your goals, risk management strategies, entry and exit points, and trading strategies. A trading plan helps you to stay disciplined and focused on your trading goals. It also helps you to manage your emotions and avoid impulsive trades. In short Plan your Trade , Trade your plan .

    Use a trading journal

    Keeping a trading journal is essential in forex trading. It helps you to track your progress, analyze your trading performance, and identify your strengths and weaknesses. A trading journal can also help you to learn from your mistakes and improve your trading skills. Journal is the only tool to teach you about your mistakes .

    Manage your risk

    Managing your risk is crucial in forex trading. Risk management strategies such as stop loss and take profit orders can help you to limit your losses and maximize your profits. It is also important to avoid overtrading and to stick to your trading plan.Never take any trade without 1:3 risk reward Ratio .

    Use leverage wisely

    Leverage is a double-edged sword in forex trading. It can help you to increase your profits, but it can also magnify your losses. Therefore, it is important to use leverage wisely and to understand the risks involved

    Choose the right broker

    Choosing the right broker is important in forex trading. A good broker should offer low spreads, fast execution, reliable trading platforms, and excellent customer support. It is also important to choose a regulated broker to ensure the safety of your funds. We recommend FP Markets becase of their lowest spreads and  fastest payouts .

    Keep learning

    Forex trading is a dynamic and constantly evolving market. Therefore, it is important to keep learning and improving your trading skills. You can attend webinars, read trading books and articles, and participate in trading forums to stay updated with the latest trends and strategies in forex trading.

    Be patient

    Patience is key in forex trading. It takes time to develop your trading skills and to achieve your trading goals. Therefore, it is important to be patient and to avoid making impulsive trades.Let the runner run .

    In conclusion, multiplying your forex trading account requires discipline, strategy, and a lot of patience. By following the tips mentioned above, you can improve your trading skills, manage your risks, and increase your profits. However, forex trading is a risky business, and there is no guarantee of success. Therefore, it is important to trade responsibly and to avoid risking more than you can afford to lose.

                  Team Sikhnomics

19 Comments

    1. Amazing article👏👏💙 all necessary tips regarding trading are concluded in a single article👏✨

  1. By Following above rules in Trading, I have grown my account by 2X in 3 Weeks.
    Article is very useful and full of insight of Trading.

    Thank to Dr Kulveer Singh ji for his article on forex.

  2. All the information in a single article…When an individual wants to become a successful trader,this article is the KEY TO SUCCESS…While trading,this sole article can help you end up in profit….Wonderful…

  3. This article is very helpful for those who are struggling at initial level of their trading career…Amazing Article..every point is very well explained

  4. To become a successful trader this article helps a lot. All the eggs in one basket . Thx Kulveer bai ji for posting such valuable articles

  5. To become a good trader this article helps a lot. All the eggs in one basket . Thx Kulveer bai ji for posting such valuable articles

  6. ਹੱਥਲਾ ਲੇਖ ਡਾ ਸਾਹਿਬ ਦੇ ਲੰਮੇ ਤਜਰਬੇ ਅਤੇ ਗਹਿਨ ਅਧਿਐਨ ਦਾ ਨਿਚੋੜ ਹੈ ਨਵੇਂ ਬਣੇ ਫਾਰੈਕਸ ਵਪਾਰੀ ਨੂੰ ਭਾਵੇਂ ਇਹ ਗੱਲਾਂ ਨਿਗਣੀਆਂ ਲੱਗਣ ਪਰ ਪੁਰਾਣੇ ਤਜਰਬੇਕਾਰ ਫਾਰੇਕਸ ਵਪਾਰੀ ਉਪਰੋਕਤ ਨੁਕਤਿਆਂ ਨੂੰ ਪੂਰਾ ਸਤਿਕਾਰ ਦਿੰਦੇ ਹਨ ਤੇ ਇਹਨਾਂ ਦੀ ਪਾਲਣਾ ਵੀ ਕਰਦੇ ਹਨ

    ਇਸ ਲੇਖ ਲਈ ਫਾਰੈਕਸ ਦੇ ਨਵੇਂ ਸਿਖਿਆਰਥੀਆਂ ਵੱਲੋਂ ਮੈਂ ਭਾਜੀ ਕੁਲਵੀਰ ਸਿੰਘ ਦਾ ਉਹਨਾਂ ਵੱਲੋਂ ਕੀਤੇ ਜਾਂਦੇ ਯਤਨਾਂ ਲਈ ਰਿਣੀ ਹਾਂ
    ਧੰਨਵਾਦ ਭਾਜੀ
    ਗੁਰੂ ਅੰਗ ਸੰਗ

  7. Sikhnomics ਬਹੁਤ ਲਾਭਦਾਇਕ ਵੈੱਬਸਾਈਟ ਹੈ ਜਿਸ ਉੱਤੇ ਇੰਨੇ ਬਰੀਕੀ ਨਾਲ ਚੰਗਾ ਵਾਪਾਰੀ ਬਣਨ ਲਈ, ਨਿਯਮਾਂ ਦੀ ਪਾਲਣਾ ਕਰਨਾ ਅਤੇ ਆਪਣੇ ਆਪ ਤੇ ਧੀਰਜ ਬਣਾਈ ਰੱਖਣ ਲਈ ਸੁਝਾਅ ਦਿੱਤਾ ਗਿਆ ਹੈ ।

  8. ਬਹੁਤ ਮਹੱਤਵਪੂਰਨ ਜਾਣਕਾਰੀ ਭਾਜੀ ਿੲਸੇ ਤਰਾਂ ਰਾਹ ਦੱਸਰੇ ਬਣੇ ਰਹਿਓ ਜਰੂਰ ਸਫ਼ਲ ਹੋਵਾਂਗੇ।

    1. ਮਾਫ ਕਰਨਾ ਜੀ ਲਿਖਣ ਵਿੱਚ ਗਲਤੀ ਹੋ ਗਈ ਬਹੁਤ ਮਹੱਤਵਪੂਰਣ ਜਾਣਕਾਰੀ ਭਾਜੀ ਇਸ ਤਰ੍ਹਾਂ ਰਾਹ ਦੱਸਦੇ ਬਣੇ ਰਹੇਓ ਜ਼ਰੂਰ ਸਫ਼ਲ ਹੋ ਜਾਵਾਂਗੇ ।

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