You guys make forex sound so boring n hardš¤§ā¦ Anyways thereās nothing I can say to reply you cos your post is long asf but well everyone with their own opinions so letās just keep doing what weāre doingā¦ If Iām making my 200% a month Iāll enjoy it if Iām not itās my luck but either ways life goes onš
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Thank you for the ācomplimentā. Better keep my mouth shut then until my brain knows what it is talking about! 
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Alright, I have to ask - are you talking from your experience over several months or is it just theoretical speculation?
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IT. IS. STUPID.
Is it impossible? I donāt remember saying it is. Of course there are people who can do it. I CAN do it. Will I though? No.
If it works for you, Fantastic, and feel free to share the knowledge and strategy.
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Spot on. An outline of the strategy and details of risk management tactics would have been my next request.
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After few days of trading eveyone thinks soā¦ 
See you in one YEAR!
75% is the percentage of traders losing money after one year, after 3 years we are above 90%.
I would like to be wrong but where are significant trackrecords on this forum?
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My answers would again be whatever works for you. Can you even hedge properly? I donāt, i suck at it 
lol
But you are right! it is a way to manage the drawdowns and lower the losses. I think hedging a more advanced tool though so you really have to know how to apply it.
Your plan is not impossible just highly unlikely but you seem to already have an idea of how to make it work. Now you have to see if you can make it work. Do you know how good you are, do you have a trackrecord, can you hedge properly, can you manage a small account, are you discipline, with such a small account do you know how many losses can you have until your pip value goes down the toilet and makes it even harder to reach your target, etc
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The issue is the people in the OP are often in a desperate position financially and are looking at forex as the genie in the bottle to banish their financial woes away which simply isnāt the case. Those with $50 to start in forex may well make money after some time but a liveable amount? No.
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Hello Sir, the education part is pretty awesome, you said it very well and am sure us newbies understood it perfectly. As for the frustration expressed in your insults towards people who are new to forex and try to understand it, that my friend I cant say is professional sorry, but at least try to understand that people who post here are from all over the world and we have different circumstances nd overall differences both economically and literacy. You can say what you say without insulting others nd if you worry about babypips reputation u could make the post disappear. No hard feelings brother
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Thanks for your precious opinion. I am currently busy right now. I Will be back soon and reply to all of this. Thanks.
Happy Trading!
Trader_203BA
Here is my experience trading with limited capital. I come from a developing country (South Africa to be specific) Finding a job was a hustle and ended up looking for alternatives, which Forex Trading seemed to be the way. After practicing on demo for a few weeks, I decided to deposit $100 (cant remember how I got my hands on that money but it was meant to be used for food, etc) It was the last dime I had in my pocket.
The aim was to double the amount so i would withdraw the profits and keep trading the initial deposit. That way I would break even with my bills yet making more money from the trading account. The excitement was just overwhelming.
I did double it. in one day, trading gold. I made $130 profit, just in about 3 hours. (meaning my equity was now $230) I felt over the moon and forgot my objective of withdrawing the profit. I actually got the delusion of hoping to double the $230 in the next few hours, because thatās how my accurate strategy was. (at least I thought).
I got into a position (gold) on what looked like a perfect breakout, which generated about 20 pips in my favor, but greed asked me to hold the position, which for some reason did not have a stop loss in position. Within a split of a second, I was shocked to see my equity floating around $40. I got lost in trying to process the seemingly erroneous figures and by the time I got back to my senses, the account was in the red. Blown
Having gone through that, I did not give up but looked at my errors. I wasnāt disciplined enough to deal with my greed. Had I been disciplined, I could have withdrawn the profits and traded the initial capital.
Fast forward, I managed somehow to get yet another $100 and made a deposit. Now, most professional traders would tell you to risk between 1 and 3% of your equity on a trade. Well, my account allowed me to do exactly that. Trading 1 micro lot meant I can risk $1 per trade if my stop loss is 10 pips. Now, for me to do that, I had to stay away from volatile pairs. GBP pairs, metals, indices where out of the question. I had to specialise on USD/CAD, EUR/USD, USD/JPY and EUR/JPY
My RRR was 1;5 and it was so easy for me to stay disciplined because my strategy is based on key levels in confluence with round numbers. From one round number to the other, itās exactly 50 pips. So I wouldnāt ever place or exit a trade if it is not at a round number. that enforce my discipline.
I compounded the account and managed to double it in a month. Withdrew 50 buck to make ends meet and continued trading and kept on growing the account.
I somehow stumbled on an article about prop firms and ended up taking a trading test on one of the most popular. Right now I am trading for two of them, aiming for only 1% per week.
So, my point is that, you can not earn an honest living trading a $100 account but you can make means to make it take you there. Treat it as a vehicle to take you to your desired destination, Donāt treat it as your destination. Doubling a small account is very possible, still trading within proper risk parameters as long as you are disciplined enough to stick to you plan.
However, this is my story, not everyoneās. My advice to those with $100 is that they should seek consistency first, and use that small amount to pay subscription to prop firms. However, they must be very consistent before they can consider that.
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Well if you get those details and with a verifiable trade history longer than a month Iāll offer him a job!
In the meantime thoughā¦
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I think $2,000 will be enough
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Dude.
I got not worries about my reputation. Iāve earned my stripes in this business (not to mention on these forums).
And believe it or not: what I posted was to HELP not to INSULT.
Iāve seen every possible scam in this business in 20 years. Not to mention trolls of every type on forums such as these. Without checking I reckon I have over 6 000 posts here. And Iāll bet some money that at least 1 000 of them are on these very topics i.e. turning $100 USD in $1 000 000 in a year, straight line compounding nonsense, leverage of 1 000:1, pipe dreams, serious losses, unrealistic expectations, no understanding or implementation of risk management, I could go on for days.
And letās not forget the vast amounts of money that I lost in the beginning for EXACTLY all of the reasons mentioned above. Itās called experience. And sometimes it comes at a very expensive and sometime bitter price.
Sometimes itās necessary to be cruel to be kind. So thereāll be no deleting or editing of my post (or any of those to follow).
If you want help and advice: only too happy to furnish the same. But when I see nonsense being posted it ticks me off big time.
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Thatās not going to help you.
Rather ask.
Thereās more than enough long time members around here that are only too willing to explain things nicely.
Hi.
Depends. Which was one of my points on my first post on this thread.
Do you intend on living off of your monthly profits? Or do you intend trading with a view to building that amount into something substantial?
If itās the former: can you live on $100 per month?
If itās the latter: well then correct.
That was a great commentary SovoS!! It was so insightful to me as a newbie and helps me to stay on the path of learning this skill.
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Finally. Somebody gets it!
Iām in South Africa too (by the way). Maybe thereās something to that.
Frankly: itās one of the reasons why Iāve made this decision. Iāve sat back and looked at whatās going on here for the last few months and itās horrifying. There isnāt a scam broker in the world thatās not trying their luck here to capitalize on the lack of knowledge and skills and experience here knowing full well that a lot of people are desperate here now because of this damn virus and the havoc that itās caused and that this is probably the only way theyāre going to be able to make some money. And it pains me. Not to mention (as I noted) all of the scams and pyramid schemes going around. I know somebody who has his entire lifeās savings (including the money that he had in the bank from the sale of his house) put into one of them and it IS going to collapse i.e. just a matter of time is all. But just because on paper (weekly email statements) heās making in excess of 10% - 17% per week: heās not prepared to listen to somebody like me (no matter that he knows how long Iāve been in this business). Not even to the point where Iāve told him to at least withdraw his capital and let the so-called profits run (the logic being that when such scheme collapses well then at least heās not lost his capital and, well, the so-called profits were never his in the first place). Because why? Greed. Itās a terrible thing!
Anyway. You have the right idea. And well done to on your realistic expectations. And congrats. on the trading tests too (just make sure youāre not being charged a fee to be a part of the said prop. trading firms i.e. thatās another prolific scam and has been around for a long time) (plenty of threads about this type of thing around here).
Stay in touch.
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Thank you. 
That seems like the perfect take; rather than the realistic one. Realistically, we do 100% succumb to greed as soon as we have success like that. Then it becomes not how much monthly return, but how much monthly recovery so perhaps we can make a return later 
Thatās when thereās trouble, and thatās when it matters more, imo. dpat has it 100% correct. If you can take the early losses and learn that risk management only exists with risk realized and not risk imagined, then youāll come out ahead.
If you can trade every loss for a lesson, then you come out way ahead; thatās even more unlikely than 100% profit, though.
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