How Does Account Size Affect Beginner Traders?
This is a question that many beginner traders ask simply because they have been so misinformed and brought to the point of believing that to succeed in the financial market they must have to follow the exact same steps as the so called “trading gurus”. It is good to follow the foot steps of the ones who have travelled the road and succeeded but should we copy them word for word or rather step by step? I don’t think it is to your best interest to do this unless you have ensured that many different variables like account size, demography etc… are taken into consideration. The size of your account can affect your success or failure in the sense that you might have all the necessary strategy figured out but if your account size is small enough to withstand the normal market movement (I say normal because there is always that price fluctuation that is to expected even in a winning trade) you might find yourself always out of the market before you know it. Many beginner traders especially
