Are you ready to increase your trading size? To help you step up your game safely, it's better to gradually rise the size. There are also other awakening tips to discuss below.

As a forex trader, increasing your trading position can be a challenge. Many traders are hesitant to take risks and let small profits continue to run. Most of them are afraid of losing what they have worked hard to earn. There are also traders who do not want to take big risks because they are afraid of losing their funds.

However, have you ever thought about increasing your trading size? If so, there are several effective tips that can help you increase your trading position safely.

Increase trading size

 

1. Make Sure You Are in a Safe Zone

Ensuring that you are in a safe zone is very important in forex trading. But what is meant by a safe zone? A safe zone is when you are able to consistently make profits in small trades and apply good risk management. So, if you have not succeeded in small trades, stop thinking that you can succeed in bigger trades. You cannot rely on luck because the market is always full of risks.

So, do not rush to increase your trading position if you have not yet made consistent profits in small trades. Even if you feel ready to increase the risk, it is better to postpone until your profitability is sustainable.

Stay focused on small trading positions until your performance improves. You can try it out using a demo account or a cent account first before increasing the risk level. This way, you can minimize risks while increasing your chances of success in forex trading.

 

2. Slow But Steady

Just like in martial arts where you cannot immediately face a black belt opponent after only having a white belt, you should not rush to increase your trading position before the time is right. Even a baby must learn to crawl first before being able to walk and run.

Even after consistently earning small profits, do not rush to take big leaps. Start by gradually increasing your trading position, but make sure the progress remains stable over time. This way, you can avoid anxiety and fear that can disrupt your concentration while trading.

Slow but steady is the key to success so that you feel comfortable taking bigger risks. Remember, patience and consistency will take you far in forex trading.

 

3. Focus on the Rate, Not the Money

If you have met the two conditions above, you should set and count your profit/loss rate in percentage, not dollar amount. Do not get caught up with the number of money as it only deceives you. Focusing on the profit/loss rate in percentage will help you see from a different perspective.

Imagine you risk 1% on an account worth $10,000, the amount will be $100. However, when you risk the same percentage on an account worth $100,000, the amount will be $1,000. That can be discouraging for some, so it's better to consider your risks as 1% rather than $100 or $1,000.

 

Other Things to Consider

Forex trading can be a very profitable way to increase your income. But, like any activity that involves risk, there are some things you need to consider before rising your stake. First of all, you must prepare yourself well and understand the ins and outs of the forex market. Then, make sure you choose a reliable broker and a sound strategy to ensure your trading success.

Remember not to put all your capital into a trading account. Do not hesitate to stop if you feel uncertain about the market situation or are no longer able to control the risk. Forex trading is a complex long-term activity that must be done with caution and extra vigilance.

The 3 tips above could prove to be useful additional guides. In fact, they're all about easing you into trading with a bigger size so you won't feel anxious the first time you decide to increase your lot.

 

Keeping your emotions at bay is very crucial in this case. To help you manage the increasing emotional stake, you might need to hit the books on trading psychology.