How To Grow A $10 Forex Trading Account By 1178.57%? (2024)

Dapo willis



10 min read


Dec 1, 2023


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Are you interested in learning how to effectively grow a $10 Forex Trading Account?

Or perhaps you’re facing challenges in growing a small Forex trading account, just like I did five years ago.

Trust me, I’ve been in your shoes before, struggling to flip small account sizes with little to no success.

However, I eventually discovered a trading methodology that put an end to my quest for answers.

The Good Part is This trading methodology am about to share with you helped me grow my small trading account to over $80,000, and I share that on my Twitter handle.

I’m not alone on this, my students are also growing small accounts successfully like the world is going to end the next day.

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It is also a repeatable methodology that works on any financial instrument. check out one of my students who actually grew his small account trading synthetics by 1178.57%

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If that is what you want to see in today’s post, keep reading.

If you would like a video version of this post, watch down below.

Either way, let’s get started.

But Hold On Trader.

As a successfull trader with over 12+ years experience, here’s a tip:

Growing a small forex account ASAP can be cool, but it’s not a sustainable approach due to high risk you’re exposing your self too.

Using a $10 forex account as an example.

It might seem tempting to risk as much as 50% per trade to see significant gains.

But with such high risk, You’re 2 bad trades from blowing up your account.

And I understand how tough it can be to fund your trading account after such a setback.

That’s why I’ve launched my own Prop firm, Willis Capitals.

I provide trading capital to help you succeed in trading with just a token.

E.g. Enrolling with a $99 fee to get access to a $10,000 account size which is refundable only when you make profits in Live Funding.

You pass through a two-step challenge

Phase 1 to make 5% of $10,000

Phase 2 to make 10% of $10,000

And the Live Phase where any profits made will be split based on 70/30.

You keep 70% of your profits while I take 30% and refund you back your enrollment fee of $99.

Recently, one of our traders earned $1733 in profits with Zero risk and Good ROI, showing the potential of our approach.

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>>Enrollments Are Still Open<<:

The fastest way to grow a small trading account is to trade with Prop firms.

Growing a $10 Forex trading account doesn’t have to be complicated.

It’s about finding the right trading methodology and patiently waiting for the best trade setups to align with the market direction.

You can stack on those setups with the confidence that the market will trend in your favor (more on that later).

With that, the Forex market is known for its volatility, with an astonishing $7 trillion traded daily.

Thanks to retail brokers that offer high leverage, even traders with small accounts can control larger positions with limited capital.

While this leverage can amplify profits, it also comes with increased risks and potential losses.

However, with proper risk management and a strategic approach, it is possible to navigate the Forex market and grow a small account.

In this article, I will be explaining in detail, the most realistic method you can deploy to grow your $10 forex trading account.

Let’s dive right in.

If you’re considering engaging in a business that you have little or no prior knowledge about, it’s going to be a huge failure.

Well, the same principle applies to Forex trading.

To be successful in Forex trading, you need the right education.

The truth is, you can not live long enough to figure out the nitty-gritty of trading all by yourself, so you need to learn from someone successful in shortening your learning curve in trading.

It’s also essential to thoroughly research the person you’re considering learning from to ensure their credibility and your success as well.

Ask yourself questions like:

With these questions in mind, you can make an informed decision about whom to learn from.

To make your search easier, I am proud to offer the best Forex trading course available.

With over 12 years of trading experience, I have developed a Forex mastery program that has been proven profitable for my students.

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By taking this course, you not only gain access to the best knowledge in the Forex industry but also learn a profitable trading strategy that has been successful for over a decade.

Here is also one of my students who leveraged the trading methodology I taught in the Forex master program to pass his MFF prop firm account.

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I’m not forcing this course upon you, but I’m confident that it is the best Forex trading course available.

By enrolling, you can equip yourself with the necessary knowledge and strategies to excel in the Forex market.

That said.

Click Here To Learn More On My Forex Mastery Course

The top-down analysis approach is a straightforward process of analyzing the market from a higher time frame and then identifying the market direction to trade in lower time frames.

This approach proved to be incredibly profitable for me, as I made $80,000 on my trading accounts, thanks to the top-down analysis technique.

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Even one of my students also grows his $10 forex account using the same trade and top-down approach.

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And it all started like this.

I plotted key levels on the higher time frames, such as the monthly and weekly time frames.

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I noticed that the market was in a clear downtrend direction, characterized by lower highs and lower lows.

Based on this analysis, I expected further lower lows in the coming weeks, as illustrated below.

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With this insight, I confidently know it was a sell order, anticipating a 1000 pip drop in AUDUSD.

This trade ultimately resulted in substantial profits, showcasing the effectiveness of the top-down analysis approach in identifying profitable trading opportunities.

By utilizing top-down analysis, I was able to determine that the trade direction was sell, which allowed me to focus solely on potential selling opportunities in lower timeframes.

Next, I plotted a counter-trendline in these lower timeframes, which is one of my favourite aspects of trading in terms of entry and exit points.

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Counter-trendlines serve as a safeguard against market manipulations and premature trades, thereby aiding me in identifying sell trade opportunities using my entry and exit strategy.

Now back to the case study.

I waited for a counter-trendline break.

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Placed my sell trade.

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Currently stacking on that trade as well.

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That was how I was able to achieve that.

Want to learn my strategy, Click Here To Learn More On My Forex Mastery Course

To be able to grow a small or a $10 forex account easily, you need to trade in a trending market.

That is because it makes it easy for you to get nice entry and exit points and also identify your potential profit targets.

And that goes by the saying, the trend is your friend.

Just like my case study earlier, I wouldn’t have grown that account if it wasn’t in a trending market.

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That goes by the saying, the trend is your friend.

Merely obtaining the best Forex trading course does not guarantee immediate success in growing your $10 account to $1,000.

It requires extensive chart time and practice to apply the knowledge you have gained effectively.

This process takes not just days, but several weeks of consistent effort.

The more you familiarize yourself with various price patterns, the more comfortable you become in recognizing trading signals.

It is crucial to practice and become accustomed to the concepts you have learned so that you can make informed trading decisions based on the knowledge you have acquired.

With enough practice, you will develop the ability to quickly identify market signals through price action, allowing you to place trades with confidence.

It takes time and effort to gain proficiency in Forex trading, and consistent practice is essential to enhance your skills and increase your chances of success.

Remember, it’s not just about acquiring knowledge, but also applying that knowledge through practice in real trading scenarios.

To be successful in any business, having a competitive edge is crucial.

Similarly, in Forex trading, a well-defined and effective trading strategy is essential for success.

A profitable and reliable trading strategy can give you the edge you need to be able to grow your forex trading account.

Therefore, it is imperative to have a proven and tested trading strategy with a high success rate.

This way, you can trade with confidence, knowing that you are using a methodology that has consistently yielded profitable results.

Although the Forex Mastery course offers the best approach to managing your risk and money, I will provide a brief overview of it.

Similar to running a business, trading Forex involves risk, where calculated investments may yield profits.

To thrive in Forex trading, it’s crucial to have sound money and risk management strategies.

Even when trading with a small amount such as $10, it’s vital to manage the funds efficiently.

For small capitals like $10, risking a maximum of 5% per trade is recommended to avoid losing all the funds in just a few trades.

In essence, managing risk is essential, regardless of the trading capital size.

Furthermore, to succeed in Forex trading, traders must also prepare their mindset to cope with market uncertainties, commonly known as trading psychology.

It’s important to know what not to do and to possess certain qualities.

One of the crucial components of a successful trading career is consistency.

It’s a well-known fact that the Forex market evokes various emotions in traders.

Some may become frustrated and even destroy their computers when the market doesn’t behave as expected.

Others might get too excited and make mistakes while analyzing subsequent trades.

And unfortunately, some may treat Forex with a gambling perspective.

However, to grow a $10 trading account, consistency is vital.

That is because, the more time you spend with the market, the more experience you gain as a struggling trader.

It’s important to keep showing up and never give up, regardless of the market’s ups and downs.

In growing a $10 account or even any size of the account, you do not want to chase after your losses or try to make what you have lost in the market.

This is mostly attributed to greedy traders, who are not willing to lose any amount in the market.

And like I always say, “Loss is a cost of learning.”

Therefore, you must not chase after your losses.

If you have had losses and it has gotten to the minimum risk your trading account can hold, then stop trading.

The end result of this is usually compounded losses. Losses upon losses, which you would not want to put yourself through.

The absence of a clearly defined trading journal is what hinders the growth of many traders.

A trading journal consists of your clearly defined and written trading strategy, risk management, and return on investment.

Having a journal not only helps you execute trades but also helps you to track your trading journey.

It helps you to easily review how well you have been performing as a forex trader and it exposes loopholes and where there is a need for improvement on your part as a trader.

In every trade, you must always place more focus on execution and risk management rather than the monetary outcome of the trade.

Traders who make money their focus or want to get rich quickly only, tend to lose money at the end of the day.

If you follow your laid-down strategy, then money will come after. You must always focus more on the process of execution rather than the money.

What did you learn from today’s post?

What issues are you facing when growing your small accounts?

Are you trading on a trending market? do you perform the top-down analysis?

Either way, let me know in the comments

How To Grow A $10 Forex Trading Account By 1178.57%? (2024)


How do you grow a $10 Forex account? ›

To thrive in Forex trading, it's crucial to have sound money and risk management strategies. Even when trading with a small amount such as $10, it's vital to manage the funds efficiently. For small capitals like $10, risking a maximum of 5% per trade is recommended to avoid losing all the funds in just a few trades.

What leverage is best for a $10 account? ›

Here's a general guideline for determining optimal leverage based on account size:
  • Account Size: $10 - $50 Recommended Leverage: 1:100 or lower.
  • Account Size: $100 - $200 Recommended Leverage: 1:200 or lower.
  • Account Size: $200+ Recommended Leverage: 1:300 - 1:500 (for experienced traders)
Nov 9, 2023

How to turn $100 into $1000 in Forex? ›

Your $100 will become $1000 to purchase this stock if you use a leverage ratio of 1:10. In this instance, you contribute 10% of the total trade amount of 100%, with your broker covering the remaining 90%. If you are looking for a trustworthy and reliable Forex broker then you should try HFM.

What is the 90% percent rule in Forex? ›

The 90 rule in Forex is a commonly cited statistic that states that 90% of Forex traders lose 90% of their money in the first 90 days. This is a sobering statistic, but it is important to understand why it is true and how to avoid falling into the same trap.

Can I start forex with $10? ›

Forex trading has become increasingly popular in recent years, with more and more people looking to enter the market and potentially make a profit. However, one common question that arises is whether it is possible to start forex trading with just $10. The short answer is yes, it is possible.

Can I start forex with $50? ›

The truth is, it is possible to start trading forex with as little as $50. In this article, we will discuss the basics of forex trading, how to find a reputable broker, and strategies for successful trading with a small amount of capital.

What leverage should a beginner use? ›

What is the best leverage level for a beginner? If you are a novice trader and are just starting to trade on the exchange, try using a low leverage first (1:10 or 1:20). After you've gained some experience in Forex trading, you can gradually increase it. While doing so, always remember about the risk management system.

What lot size is good for $100 forex account? ›

When you trade forex with $100, it's recommended to open trades of no more than 0.01-0.05 lots so that risks should not exceed 5% of the deposit amount. To trade forex with $100, you will need the maximum leverage to lower the margin amount blocked by the broker.

What leverage is good for $100 forex? ›

Many professional traders say that the best leverage for $100 is 1:100. This means that your broker will offer $100 for every $100, meaning you can trade up to $100,000. However, this does not mean that with a 1:100 leverage ratio, you will not be exposed to risk.

Can forex make one a millionaire? ›

It must be described in detail because it involves a lot of factors and also because, while it is possible to become a millionaire through Forex trading, some tips that come from over 12 years of trading experience must be acted upon and the time frame one must give himself.

Can you win 100% in forex? ›

Trading forex is risky and complicated, and no strategy can guarantee consistent profits. Successful forex traders are those who tend to have a good understanding of the market, good risk management skills, and the ability to adapt to changing market conditions.

How much can forex traders make a day? ›

On average, a forex trader can make anywhere between $500 to $2,000 per day. However, this figure can vary significantly depending on market conditions, trading strategy, and risk management techniques. Some traders may make more than $2,000 in a single day, while others may make less or even incur losses.

What is the golden rule in forex? ›

Let profits run and cut losses short Stop losses should never be moved away from the market. Be disciplined with yourself, when your stop loss level is touched, get out. If a trade is proving profitable, don't be afraid to track the market.

Is $500 enough to trade forex? ›

This forex trading style is ideal for people who dislike looking at their charts frequently and who can only trade in their free time. The very lowest you can open an account with is $500 if you wish to initiate a trade with a risk of 50 pips since you can risk $5 per trade, which is 1% of $500.

What is the 5 3 1 rule in forex? ›

The numbers five, three, and one stand for: Five currency pairs to learn and trade. Three strategies to become an expert on and use with your trades. One time to trade, the same time every day.

Is it possible to grow a small forex account? ›

Growing a small forex account requires a combination of patience, discipline, and a well-structured trading strategy. In this comprehensive blog post, we will discuss effective tips to help you steadily increase your forex account balance. These strategies are designed to cater to traders at all levels of experience.

Can I start forex with $5? ›

It is possible to begin Forex trading with as little as $10 and, in certain cases, even less. Brokers require $1,000 minimum account balance requirements. Some are available for as little as $5.

Can I trade forex with $20? ›

Yes, it is possible to trade in forex with a $20 capital. Some brokers even offer micro and nano accounts that allow traders to trade with as little as $1. However, trading with such a small capital can be very risky and it is not recommended for beginners.

Can you make $10,000 a month with forex? ›

There are several forex income strategies that can help you make $10,000 a month. Some popular strategies include day trading, swing trading, and trend following. It is important to develop a solid trading plan, conduct thorough market analysis, and manage your risk effectively.

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