The most important step is to gain experience. A person who does not understand trading or the market they’re in will not find success no matter how large their account is. Use your small account as an opportunity to learn everything you can before expanding.
Lowering your risk and maximizing profits is one of the keys to growing a small account. Do not take unnecessary risks, and manage yourself accordingly. As you develop as a trader, you can gradually increase your risk margin, but never risk more than you can handle. Ride a successful trade for as long as possible while immediately closing failed investments. Only enter new trades if the outlook is positive. Keep a close eye on market data to know when your opportunity might arise. By following these tips, you can grow a small account in relatively little time.