BlogOctober 31, 2024Michael Covel

“Do I need deep pockets to withstand any drawdowns that may occur in the markets…”

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Dear Michael,

As a retail trend following trader just beginning my journey, do I need deep pockets to withstand any drawdowns that may occur in the markets?

I understand that I will need to diversify across markets globally to maximise my chances of catching a trend. But for that, I will have to deploy a lot of capital across these markets to create the portfolio.

Additionally, I will require access to brokers in these countries to enable to trade them.

How would a retail trader overcome these issues and trade well?

Regards,
V. C.

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