Hi Under18,
I don't risk 3%, my
maximum is 2% (meaning if I'm iffy on a position I often put on 1% or 0.5%). Yes, $30 on a $1000 account doesn't sound like much - but $1000 is not a whole lot to be working with to begin with (good enough for practice, but it is not realistic to expect to live from it). If you need more lots, you can always use a tighter stop, by the way - the system is adjustable from both ends.
But the real danger (and why 95% of traders bust out in their first 6 months) is if you put on a large position and
lose, you'll spend the rest of your (short) forex career trying to get back to even (very few do, without additional deposits). Your broker won't throw slippage or bad fills at you until they see that you've bet the "big one".
My trading system may not be "sexy" or "exciting", but it is safe, consistent, and
profitable - I trade with a bit more than $1000.
I am not in any way involved with knightsfx.com - that's another company, nor with BK Trading, which is run by Boris and Kathy from FXCM. BabyPips does not allow people to post links to their own sites, so you'll just have to Google "black knight forex".
Wish you good trading,
-=BK