🚨GROW VS JUMP MINDSET

Are you trying to JUMP your account balance, or are you trying to GROW your account balance?


In life, if you JUMP, you will come back down, but if you GROW you will stay up.


This is why We help our students learn 3 basic things:
1. SURVIVAL: They learn how to never blow up their accounts again

2. GROWTH: They Grow from small accounts to bigger accounts

3. MAKE HIGH PROFITS: They learn how to Use Prop firms to take bigger profits


Wanna join us?

Ask @fx_carter

Today Economic Calendar GMT
High volatility expected on CAD and USD pairs
Crude oil inventories news

Starting out in the forex market is definitely an exciting experience but you must be very careful not to make these dangerous mistakes that most beginners make.
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🚨 Undercapitalization
Insufficient initial capital is the first mistake by beginners, and it usually ends up killing them.
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Your trading capital is lost even before you have the time to properly learn to trade.
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This is what usually happens to new traders:
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📎They don’t have sufficient trading knowledge and experience.
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📎They are not familiar with risk management principles.
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📎They underestimate the risks involved in their setups, which leads to impulsive and often expensive execution.
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Another habit is among trading newbies is using tight stops on small lots and even smaller trading accounts.
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📎Using small trading lots is not a death knell for newbies’ accounts but using small and tight stops might be.
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📎By using short and tight stops, you increase your chances that the stops will be triggered more frequently and your total loss will consist of many small losses.
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Your trading account should be as large as possible in order to correspond with market conditions and provide the necessary flexibility in making trade decisions.
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Like any business, you have to make sure you adequately funded. Don’t try to lower risk by only depositing a portion of your available trading capital.
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🚨 Overtrading
Overtrading is when you (hoping to receive the maximum possible profit) open a huge position consisting of multiple lots. Considering the typical market activity, it’s easy to lose half or even all your trading capital with this.
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This problem is sometimes directly connected to insufficient trading capital.
But it’s more likely due to the trader lacking knowledge of money management principles, which means lack of competence to control their trading capital properly.
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Your trading capital is used to earn money.
Your first and foremost responsibility is to protect it. If you lose it, you have less to help you earn money.
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Have you ever made any of these mistakes?

Contact admin for more information ℹ️ 👇

@Fx_carter