a month later: “ok i see my mistake. i traded too tight, but to trade less tight i must have more capital for wider stop losses.”
1000 blown.
a month later: i cant be that fakkung retarded!
1000 blown again.
a month later: my last try!! double or nothing! boom or bust!! im going to be agressive now i must earm back my prior losses! its a year of savings!!! and i waisted 6 fakking months 3 hours a day educating myself amd reading stuff online!! that time cant be waisted!!!
2000 paid in… 1700 lost… wife ciomes busts your ass you pay out 300 and go home as $ucker.
same mechamic in casinos with 5 cents per lot "one handed bandits"machines. soaks you in with tinY amounts untill they accumulate to a amount that hurts.
Honestly if you keep adding money to a losing investment you are that retarded. You should not be investing by yourself as you have no idea what you are doing. Now at that point a savings account with a 0.06% return a year makes much more sense than a investment that brings in a -100% return consistently
You can trade with $100 if you use good money management. But if you are a bad trader then no one can help you in trading with even millions of dollars.
Yes great if one has money management quality he can make good ratio of profit even with $100 and without this trader can loose millions of capital . $100 is not easy for high risk trading one can trade with it using careful planning and good strategy. I took start with this amount that trained me for higher capital management.
Cent account type can used for 100$ as initial capital, some broker offer this type account although might as dealing desk broker but if you can win from these capital also will can increasing money but of course need skill and also tight money management to survive this can for learning purposes
Perhaps, you have something wrong with your risk management, and psychology during trading. Should read more to get the idea what I write here. Recommended books to read. (Inside Currency Market, Day Trading, Trading Chaos). it will gives u the idea how to tread correctly. Don’t have to trust me. Trust it yourself.
we should not worried about loss, we should learn from mistakes and with $100 we will have to use the small lot size and will have to close the trade after small but reasonable profit.
A- A system you can follow and be consistent with,
B- Managing Trade, Closing trade when its not in your favor as soon as U know, Its not in your favor,
C- Accuracy
Dont be foolish, always Use a stoploss, even if its 25% of your account, just have that net ready, just incase.
Dont have the fear of being stop hunted. StopHunting is just an explanation, that your wrong. Work with low units, ( Oanda) maybe even 1%. Set stoploss to 5 times the spread average. This is a great way to learn PinPoint entries.
Im a scalper, I love scalping, but I can also compound per trade. I actually have a great scalping set-up with my MT4 for charting, and my Galaxy tablet for Trade entry. I can enter a trade with ease, and takes less then, literally 1/4 of a second… 2 taps on my tablet. Everything is preset from trade size to stops and targets, whether percentages or by pips, its great.
Your working with a $100, so your either poor, or smart, lol, weird to put it like that.
But if you cant work a $10 account, you cant work a $1000 account.
Nothing changes, but the psychological aspect of it all. ANd like Max said above, You HAVE to have conviction, that your trade assumptions are sound thru and thru, from first to last. Cant have ill feelings going into a trade, then just dont take it to begin with.
when you get Good, up the units used per trade, but never more then 45% of your margin. Its like having one in the chamber, just incase you goof a tad, gives you some rope, but can also add a trade to scale in.
But dont get tied to it. Cut it lose if You get the signal, such as a reversale, which all traders should have.
Because theoretically, if your not buying, you should be selling, right?
Remember, You dont fail because price moved against you, you fail because You dont close the trade, and build on the mistake.
Get good at EXCEPTING losses, but Your system should NOT be losing. We dont have time for losses.
So learn to be right, 98% of the time. Those numbers will take care of managed mistakes in a shorter time.
Dont just stab at the price action, let it come to your point of expectancy. Then take action with.
When you get intune with the charts and price action, You never know where it can take you. It adds up fast.
If you want to earn by depositing $ 100 without losing money, then Forex trading is not for you. Just go invest the money somewhere else. Here you have to work hard, practice more, get experience and also you may suffer initial losses before earning money.
Open a cent account somewhere and trade taking as few risks as possible. However, you should be prepared for the fact that your progress will be quite slow. Don’t allow yourself to get greedy.
Without losing money with this amount is pretty hard and almost impossible, I would like to say that you should trade with small lot size and never make the big target in order to survive in forex with this tiny amount.
0.01 lots with the higher possible leverage a broker can offer.
$100 trading account can be a test account to check how a live trading account can be, instead of opening a demo.
Now, for the “without losing money” part, you will need a miracle.
Good luck!
I think trade with 100$ account is mathematically imposible, just because min position size 1000$, leverage x100, so 10% of account uses in every trade. It’s very risky.
But just for educational purposes, if beginner want to “pay for knowlige” it’s ok. Some books on Amazon costs much more than 100$.
