Learn how to trade:
Share this
Olymp Trade is that kind of a broker which does not decant or filter traders according to their starting capital.
All traders, whether starting small or big, are well suited in Olymp Trade.
Why am I saying this?
Calculate your binary options profits here
Trade History
Imagine you can start trading in Olymp Trade with as low as $10 with no maximum? Who cannot afford a measly $10 for their trading account really?
On the other hand, those that want to start big can deposit their huge sums and they will get lucrative incentives on top of it.
Our focus in this post is not on those who are starting big but those who want to start small.
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
You may want to begin with a small account of $10, $50, $100 or so on.
Do not be afraid because Olymp Trade got you.
The broker allows such small accounts down to a minimum of $10.
Mark you, you can begin trading with a trade size of only $1 on both Fixed Time Trade (FTT) Mode and Forex Mode. This is a convenience no one should ever underestimate.
Compare brokers here:
Here at Joon Online, we also got you, to take you through the ropes of how you can grow that small account of yours in Olymp Trade.
Simply put, you can never go wrong with the Olymp Trade and Joon Online duo. Hehe.
How to Grow a Small Trading Account in Olymp Trade.
You must have seen testimonials everywhere of guys flipping small trading accounts to huge accounts within no time.
But that is not the kind of thing we advocate for here.
You understand that trading is not a get-rich-quick scheme and so if it is an issue of flipping small accounts in an unreasonably short duration, then that is where we draw the line.
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
Here, we advocate for patience, consistency, and honesty with ourselves.
It is the only way you can consistently profit from trading, no matter your account size.
So what are these things that you need to do if you have a small account, to ensure that it grows?
In this post, I will show you 6 things that pertain to how to grow a small account in Olymp Trade. Here is my list:
- Have a Solid Trading Strategy.
- Employ Robust Money Management.
- Learn From Your Mistakes.
- Do not consider the Small Gains.
- Do Compounding.
- Understand that the Same Principles Apply in Trading, Regardless of Account Size.
-
A Solid Trading Strategy.
I am not going to lie to you that you will begin making money just all of a sudden yet you are not grounded in the understanding of what you are doing.
Trading, as you know it, is a wide field of knowledge. For you to ace trading, you must have acquired knowledge and understood how things actually work here.
Before you understand the fundamental principles of the market, you are lying to yourself if you are determined to begin trading.
It is after you have understood the principles of the market that you can understand the essence of approaching trading with a strategy.
We all know that traders who trade without properly defined trading strategies are no better than gamblers, whose fate can only be described as doomed.
What is a Trading Strategy?
A trading strategy is a clear definition of your setups, the conditions which must be met before you take trades, your money management, and things to that effect.
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
Imagine entering a trade without any signal, entry trigger, and worse still, not knowing which money management strategy to apply in that trade.
Isn’t that too dangerous to try? I thought it was.
Now, imagine trying that sort of risky gambling with a small account.
You are just taking trades indiscriminately without any signals or triggers and no money management in place.
Aren’t those the ingredients which brew account blowing?
They definitely are and before you realize it, your account will all be blown, leaving you with nothing to continue trading with.
All I said was to show you that for all your trading, you need a solid trading strategy.
A solid trading strategy that has proven to work perfectly on previous trades.
You need to have demo-traded so much before you start live trading so that you make all your mistakes on a demo account and only cross to live trading with perfect skills.
It is on demo where you need to have developed a solid trading strategy with properly defined signals, entry triggers, and exit triggers.
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
To this point, I am sure you have already established which mode in Olymp Trade you are interested in trading – FTT or Forex.
Fixed Time Trade strategies are at times different from and at other times similar to Forex trading strategies.
Choose your mode well and exploit the strategies pertaining to it thoroughly.
With a solid trading strategy, I can assure you that you have just begun your journey to growing your small account in Olymp Trade.
-
Robust Money Management.
We talked a little bit about money management in the previous section as we were discussing the solid trading strategy that you need.
In this section, I would like us to discuss money management as pertains to growing small accounts in Olymp Trade, in-depth.
So what exactly is money management?
Money management is a set of rules which define your risk appetites.
It defines how much of your account you are willing to risk for a certain trade, which needs not exceed 5%.
It also shows what strategy you have in place to recover lost money from your account, a perfect example being the Martingale money management system for FTT traders.
Money management also defines your risk to reward ratios.
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
A proper risk to reward ratio never dips below 1:2, to mean that for every $1 you risk, there needs to be a potential to gain $2 in that trade setup.
You can have a risk to reward ratio of more than 1:2 but if it is less than that, then consider trade setup as good as invalid.
In brief, money management is everything to do with the conservation of your small account from depletion as well as attempts to recover and grow that small account.
The money management strategy you employ depends on the mode you are trading on in Olymp Trade.
Different money management strategies apply to FTT traders from those that apply to Forex mode traders.
Fixed Time Traders can apply fixed trade size, parley, and martingale money management systems among many others.
Forex mode traders can use proper risk to reward ratios, proper position sizing, among others.
To further understand money management, you can read the post ’10 Best Ways to Manage your Money While Trading in Olymp Trade’.
Money Management is as good as a solid trading strategy.
Guard your small account against depletion and also make attempts at growing it.
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
Without the two, just forget about growing your small account and begin your journey to blowing that account, because no matter how long it takes, the blowing will certainly come.
-
Learning from Your Mistakes.
Yes, you made the gross mistakes that you could while developing your solid trading strategy on a demo account.
But are you sure that there are no more mistakes to make even on a live account?
To answer that, I can assure you that even now, I still do make mistakes in my live account, and that can tell you whether there are more mistakes to make on a live account or not.
Now, once you make mistakes, you need not stop at the fact that you made them.
Rise above having made the mistake and learn from it. Use your mistakes as a springboard to becoming a better trader.
What I am saying is that maybe there were loopholes in your ‘solid trading strategy and your ‘robust money management.
Do you carry the mistakes with you or do you correct them as soon as they arise?
Needless to say, was that you must have a trading plan in which your solid trading strategy is contained.
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
You also must keep a trading journal recording in detail all the trades that you take.
It is also necessary to review your trading journal maybe at the end of the first trading week and essentially all trading weeks.
Here is How to Review your Trading Journal:
- Note the setup which won most of the trades.
- Note the setup that lost most of the trades.
- Trade more of the winning setup.
- Stop trading the winning setup.
- Adjust your trading plan and strategy according to the new findings.
So how do you learn from your mistakes?
By adhering to your trading plan, keeping a trading journal, and reviewing it at regular intervals to correct the mistakes it portrays.
If you keep repeating the same mistakes, is your small account even safe?
Won’t you one day make so many mistakes that will blow it all?
Understand that you have a small account and do the right thing as far as mistakes are concerned.
-
Not Considering the Small Gains.
Yes, I know you came here to make money.
But ask yourself, with what size of an account?
We both agree that it is a small account.
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
What that means then is that you need to expect small gains but if your focus is on the small gains, you will start bending the rules.
Greed sets in when you begin thinking that you are underperforming, forgetting that it is all your account can manage.
I have always been giving an example of traders who want to flip their small accounts from $10 to $100 in a single day. How is that even possible?
Do you understand that even the most experienced traders of all times only expect about 20% of their trading account annually?
Then who are you, trying to make 900% in a single day? Are you being honest with yourself in the first place?
I have quarreled a lot. Hehe.
Understand, trading has never been and will never be a den for quick money.
Reason with reality and come to terms with the fact that with a small account, you can only afford small gains.
However, don’t put your focus on how small the gains are, but rejoice that the account is growing each day, no matter the magnitude of growth.
If small gains are bothering you so much, in a way that you can’t help but only get depressed, then I have a way out for you. Consider the next section for more guidance.
-
Compounding.
Ever heard of something like ‘the miracle of compounding’ or ‘the power of compounding?
It is what we are about to explore under this section.
So what exactly is compounding and what has it to do with growing small accounts in Olymp Trade? You are just about to find out.
Compounding is the process where interest is credited to an existing principal amount as well as to interest already paid.
What we mean here is that after investing the principal amount, it will accrue interest making a new principal which will accrue more interest making a new principal, and so on.
Simply put, progressively, your principal is growing and so will the interest because interest is directly proportional to the principal amount.
So how does this apply to trading really?
It is simple.
Do you see that small account of yours?
The small amount you deposited to begin trading is the principal amount.
Interest is the gains you get as you continue trading, applying your solid trading strategy, robust money management, and learning from your mistakes.
Compounding Made Simpler…
What we mean by compounding is that you should not be fond of withdrawing.
Allow your profits to accumulate in the account as you continue trading every day. If anything, the more your account grows, the more principal you have in your account.
If you were trading with $1, as your account grows, you may find it suitable to begin trading with $2.
As the account grows further if you do not withdraw, you may begin trading with $5 and so on until risking $100 in a single trade is not a problem to you.
Do you now see the power or miracle of compounding?
If you keep withdrawing every other time, you will keep making small profits every other time.
However, if you compound your profits and allow that account to grow, you will have the potential to make bigger and bigger profits as the compounding continues because your trade size ideally increases.
Get my point?
This has actually been the secret of many small account owners, besides doing the first four things we mentioned.
It is a miracle that has actually worked to the benefit of many and so it can also work for you.
Arm yourself with a trading strategy, money management, learning from your mistakes, worrying less about the small gains, and then try this. You will come thanking me later!
-
Understanding that the Same Principles Apply in Trading, Regardless of Account Size.
Lastly, before we come to a close, here is something you must understand.
Do you feel less of a trader just because your account is small?
I will tell you that the same principles apply in trading, whether your trading account is small or huge.
Now that you have done what was there to be done – having a solid trading strategy, money management, learning from your mistakes, not despising the gains and compounding, relax.
Those are the same things that even Warren buffet, with all his huge trading accounts, does.
Let me wake you up from your reverie by slapping you with this fact.
Even with a huge account, you can still fail and blow.
That is if you fail to adhere to the disciplines of small account traders that we mentioned in this post.
What is a huge account coupled with a lack of knowledge about trading, gambling around the market, and a lack of money management?
It is equal to wasted money and a blown account, if I may say.
So what then?
As you trade on that small account, do not underestimate your capacity as a trader.
As you grow that small account by compounding and all other stuff we have talked about, adhere to the same disciplines.
You will thank yourself later for enduring when you have already made it in trading.
Final Thoughts.
Were you wondering how it would be possible for you to grow your small account in Olymp Trade?
Don’t you now have the answers to your questions?
Make that deposit today and follow to detail every idea that we discussed in this post. You will be shocked at how consistently your small account in Olymp Trade will grow.
Happy Trading!
Share this
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
Recent Posts
You Will Become Rich Quickly if You Live in One of These 6 Countries.
Where in the world is it easiest to become rich? While so many people think that to become rich you’ve got to live, work, and do business in Iceland, Sweden, ….
You Can Make $274 if you Invest $100 Ten Times With a Winning Rate of 70%
Quite so often we receive WhatsApp texts or even telegram messages of traders asking, “how much will I make if I invest $100 in Olymp Trade?” While it is easy ….
XM Seminars for 2020 | Register a Real Trading Account to Book Seat
XM Global Ltd operating under the business trading name XM is a securities service provider licensee regulated and authorized by the International Financial service commission (IFSC) in Belize under the ….
XM MT4 | How to Make Money Trading Forex on Your Smartphone
Did you just register for a Forex trading account – which by the way, you hope to use to make so much money online but are still stuck wondering what ….
XM Global vs Olymp Trade | Which Broker to Join?
XM Global vs Olymp Trade, which broker should you sign up for? The real question should be, between Forex trading and Fixed Time Trading, what’s best for a beginner? Tell ….
XM Global No Deposit Bonus Forex! XM Forex $30 Bonus
COLWMA (City of London Wealth Management Awards) winner of Best FX Service Provider 2023, XM Forex is one of the best Forex brokers with a no deposit bonus globally. The ….
XM Forex: How Does Forex Trading Work?
To understand how Forex trading works, we must first understand what Forex is. And what is Forex you ask? Forex, also known as foreign exchange or FX, is the global ….
XM Forex Bonus $30 – How to Start Forex Trading Without Money
One of the reasons why most new traders fail to go past the demo account is the fear of losing money trading on a real account. But what if I ….
XM Forex 10th Anniversary Promo | Up to $1,000,000 to be Won in Prizes
Hey there,Do you want to raise so much money so fast for Christmas? How much do you wish to raise?Ksh. 50,000, €1,000, ₽2,000, ₹4,000,… or $10,000?Well, if your budget falls ….
XM Broker: Why is Forex Trading Popular?
There are so many reasons why people trade Forex. Some of these reasons also double up as the advantages or benefits of Forex trading. And what are these benefits you ….
Broker Comparison
Top 5 Binary Options Brokers With $10,000 Demo Account
Binary options trading is fast becoming popular in the world and with this popularity the urge and to find the best broker to trade with. But when we talk of ….
Tips to Becoming a Forex Millionaire in Kenya
Most people in Kenya have turned to forex trading to earn an extra coin. To start trading forex though, you need to have an account that will hold your money ….
SabioTrade: Get Funded and Withdraw up to 80% Profits
Are you looking for a way to trade Forex with a funded account and withdraw up to 80% of your profits? If so, you might be interested in SabioTrade, a ….
Quotex vs Olymp Trade. Which Broker to Sign up With?
Quotex vs Olymp Trade which broker should you sign up with? This is a common question that we get all the time, especially from newbie traders who want to sign ….
Quotex Broker Regulation Vs Olymp Trade Regulation
Quotex Broker is a binary options broker that offers access to its trading platform globally to traders who’d like to make money trading in shorter time frames. Just like Quotex, ….
Nigeria Forex Millionaires And Their Forex Strategies
Forex trading has spread to several parts of the world and is legal in Nigeria, and Africa. However, it operates within a gray area. Subsequently, the Central Bank of Nigeria ….
Is Qx Broker Among The Best Binary Options Brokers
Binary trading is one of the easiest and safest ways to trade online. It is also the fastest-growing form of investing. Binary trading is one of the easiest ways to ….
IQCent Broker Review With User Opinion, Legit or Scam?
Do you want to start trading with IQcent and don’t know if to trust them or not? Welcome to our comprehensive review of IQCent, the online trading platform that has ….
IQ Mining Review Plus Users Opinion. Legit or Scam?
IQ Mining is a dual-purpose platform, serving as both a cloud mining hub for cryptocurrencies and a broker for Forex and binary options trading. Its efficient utilization of smart contracts ….
Forex Millionaires in South Africa and How they Make Money
Last week, we started a new series of listicles on this blog. Our objective? To explore, discuss, and reveal the faces of forex millionaires in the countries where forex is ….
Business Ideas
What is the Best Business to Start in Kenya?
Kenya is a great place to start a business. The best type of business may be different for you, depending on your skill set and what you are looking for ….
What Business Ideas Make The Most Money
Are you an aspiring business entrepreneur? Check out our list of the most popular business ideas in 2024. People venture into the business world for different reasons. Some because they ….
What Business Can I Start With 2k In Kenya In 2024?
Kenya is a great place to start a business. The economy is growing, the population is young and there is a lot of opportunity for entrepreneurs. However, starting a business ….
Top Business Ideas that Will Make 375 SAR Daily in Saudi Arabia in 2024.
It is common knowledge that Saudi Arabia is the world’s greatest oil producer. Around 25% of the world’s petroleum reserves are processed in the country. According to statistics, Saudi Arabia’s ….
Top 50 Online Shopping Sites in India.
You must have found yourself ordering a thing or two from an online store and they delivered to your preferred address, right? Now that is the new fashion of doing ….
Top 50 Most Profitable Businesses in Kenya
Ain’t it not easy to say I want to start a business in 2024? Of course not. You have to do your due diligence: come up with a business idea, ….
Top 50 business ideas for All Ages {Online and Offline Ideas}
Many people desire to venture into entrepreneurship for different reasons. For sure, being your own boss, working from your home, garage, or office, offers total control and satisfaction. You can ….
Top 5 Instagram Businesses to Start
Instagram is an amazing photo and video sharing app that we use to connect to friends and family online. Interestingly, Instagram is as much a great place to start your ….
Top 30 Best Businesses to Start in Eldoret Town
Would you like to start a small business in Eldoret town? Which business do you have in mind? Do you have data to back up its profitability and to maybe ….
Top 20 Small Businesses For University Students In Kenya
Are you a university student in Kenya and looking for small business ideas to start? You are in the right place. In this article, I will show you the #20 ….
Make Money
Works at Home: 30 Ways to Make Money Fast (Online And Offline)
No matter what your situation is, there’s a side gig for you. Whether it’s to make a little extra cash or help solve an emergency issue, having a backup plan ….
Will Shiba Inu Coin Keep Making Investors Rich in 2024?
The Shiba Inu Coin has been one of the most popular crypto success stories since 2018. This meme-based cryptocurrency moved to its highest in just a few years making it ….
Which TikTok Star Will Have the Most Followers in 2024?
TikTok is a social media app that has taken the world by storm. It is a platform where users can share short videos of themselves. The app has been downloaded ….
Which Freelancing Site Should I Visit To Make Money Coding?
Freelancing is the best way to make money because it allows you to work on your own time and set your own schedule. You can take jobs that are local ….
Where to Get FREE NFTs: 11 Easy Ways to Do It
Non-fungible tokens (NFTs) are all the rage right now. These unique digital assets are quickly becoming a staple in the world of blockchain gaming and collectibles. The best part about ….
What’s The Best Business to Start in Kenya in 2024?
There are many businesses that you can start in Kenya in 2024. However, not all of them will be successful. It is important to do your research and find a ….
What No One Says About Olymp Trade! Put Together in a Video.
Could this be you? You opened an Olymp Trade account. Made a deposit. Traded on a live account for the first time. The outcome? You lost your first $10 deposit. ….
What is the Easiest Way to Make Money Online in Kenya in 2024?
There are thousands of ways you can make money in Kenya. Some of them require no skill or experience whatsoever, others? You’d need skill and experience to do with success. ….
What is The Easiest Way to Make $100 Today?
If you’re already making money online, skip this post. If you’re not already making any money online keep reading. Because the methods that I’m about to show you in this ….
What is The Easiest (Non-Scammy) Way to Make Money Online?
Making money online can seem like a daunting task. There are so many scams and get-rich-quick schemes out there that it’s hard to know what is legitimate and what isn’t. ….
Quotex Tutorials
What is Quotex? Quotex Trading Course for Beginners
Quotex is a cutting-edge digital options trading platform known for its user-friendly interface and numerous tradable assets, including OTC pairs, traded 24/7. The Quotex trading platform accommodates traders of all ….
Try This Quotex 1 Minute Strategy for Fixed Time Trades
While binary options trading is easy and only requires traders to choose between two different outcomes, it isn’t always profitable without a strategy. My honest truth, You can lose so ….
Top Traders on Quotex ++ Earnings And Strategies
Quotex, the most popular trading platform in 2024, has seen a surge in popularity in recent years. With more and more people looking to make a quick buck, it’s no ….
Risk Management: Trading Course for Beginning Quotex Traders
Risk management is an important discipline that traders must understand and implement if they want to protect their capital and improve their potential for profits. In other words, without risk ….
Qx Broker: How to Register with Quotex, Quotex.io in 2024
In order to start trading on the Quotex broker platform, either on the demo or live account, you must create an account. If you are doing this for the first ….
Qx Broker : How to Fund Quotex With Instant EFT in SA
Are you a South African trader looking for a reliable and efficient platform to deposit money and start trading with? Look no further than Quotex! With the addition of the ….
Quotex, Qx Broker 80% Weekend Bonus Promo Code
Welcome to the exciting world of trading! If you’re looking for a reliable and user-friendly trading platform, then look no further than Quotex.io. Qx broker is today giving out trading ….
Quotex Withdrawal Problem? Use This Other Method
Are you looking for a reliable and profitable binary options trading platform? Do you want to join thousands of traders who are making money online with Quotex? If yes, then ….
Quotex Weekly Tournament: Up to $10,000 in Prize Money
Every other month, the Quotex trading platform allows its users to participate in trading contests and earn more money. One such contest or tournament is the Quotex weekly tournament with ….
Quotex Trading Course for Beginners: Market analysis
Once you create a demo account in Quotex to start trading, you will notice that the platform has some type of chart. Generally, trading platforms have 4 different chart types ….
XM Tutorials
How XM Trading Works in Kenya
If you went to Google and searched, “how XM trading works” then chances are, you have never traded before, you don’t have a trading account and most importantly, you want ….
How To Trade With XM Forex.
So, you have just created a trading account in XM Forex and completed the account opening process successfully and now you are wondering, what next? How does Xm trading work? ….
How to Trade on XM Even on Weekends
Trading the financial markets via a broker like XM means getting access to real-time pricing of the financial assets when you want to trade. But, as we all know, the ….
How to Open a Trading Account With XM in Kenya.
If you are reading this post then chances are, you are convinced that Xm is the best broker for retail Forex, both locally and globally. And the truth is, XM ….