$30 account open

Hey Guys

I’m going to open my first forex account with $30 and 1:25 leverage. In you guys opinion what is a good risk number. I know that with $100 it is from .01-03. So then for only $30, should it be like .025 ? or .030 ? Give me some advice. I’m open.

Thank you! :slight_smile:

Well, in this case; you should use cent type trading account! Please don’t worry because of your small trading balance! In addition, don’t use more than 2% risk in your single trade position! Over trading is one of the common problem here, so use only one new trade opposition in a time! Make a healthy equity first then withdraw your profit gradually!

If you trade micro lots and risk 1% per trade, with a $30 dollar account, your capacity to handle a drawdown will be extremely limited