Managing small account always tough game in Fx , because by a simple mistake it can be vanished particularly if you fail to manage your money when market moves at random.
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The importan thing is not how much you start but how you can risk assessment to your trading stategy before entry a position and how you manage your money in each positions. When you can manage small account , why you cannot manage a bigger in the future. Let do it.
Starting live with a 100$ account is a great learning tool! Use it wisely!!
Sorry for not being able to reply or thank you for all your answers earlier. Theres been a while but THANK you all!
Kinda forgot about the forums until i recently googled something. But it have been over a year since i started this thread and i think it would be nice to kinda share my struggles and aha moments.
In short my absolute enemy was strategy jumping, I read somewhere that “THIS IS THE ONLY WAY TO MAKE MONEY IN FOREX” Then there’s hundreds of versions of that.
For me it went kinda like this
Price action is the only strategy that works, then I learned that its way too subjective where you actually put those support/resistance zones. This also applied for PA candles just personal thoughts that can vary.
Kinda sped trough most of the strategies on forexfactory, tried them out, went out for better every time without giving it a try, rarely back-tested those.
Then I went into the Fibs also there, way too subjective. Is THAT the swing high? Or wait is it this?
I did this also for many market theories wyckoff, elliot wave, supply and demand based strategies.
Then I went into maybe the worst of them all, the youtube loop and in those I chose to follow I first learned the content, then did research. From small “Holy grail channels” To larger rats like InnerCircleTrader, Anton Kreil etc etc. Please don’t argue with me about these channels I just dislike them based on research that you can find on your own.
I am today a profitable forex trader, was able to go from working full time to part time.
How did I get there? Well basically I said STOP to my self. Just pick a ******* stratergy and test it, tweak it, play around with it. This do not mean trade ma-crossovers with 20% of you account. A strategy includes risk management. What I do is trading with levels, time and momentum. I’ve indicators that puts these levels out for me instead of me manually placing them. Time, time is always time, time cannot lie. Momentum, An indicator that shows me strength.
There’s so many strategies out there. Even on this forum seriously you can pick any of many and trade them correctly with risk management and be profitable.
Thanks 
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Many brokers offering $100 welcome bonus. I think we new trader should try this kind of broker to get back what we invest.
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OMG $100 to start with is not a good idea because in the forex world, there are many ways of losing money in trades and few ways of wining. By the time you master the many ways of losing and avoid them, your $100 will be no more.
If trading is a business, and a profession that requires skill building, this amount is not realistic but this is my view.
It has been almost a year since the original question was asked, how has it gone?
read a few posts up…
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i completely agree with you and i think its more appropriate to trade with $100 for avoiding unfortunate risk and losses. but the main problem is most of the time beginners lost patience and trade with high lot.
So what strategy did you go with?
Deposit bonus
No deposit bonus
leverage (as per risk apetite)
or one can take the benfit of some other promotional offers as well.
I can’t believe I missed that! Congratulations!
Correct; 0.05 trading lots will be aggressive one! Basically, traders need to focus on the return percentage instead of the amount.
This is the statement that needs to be highlighted for every other newbie question posted here. With a quick use of the search button.
Hello, the capital you start with is directly proportionate to the amount of profit you desire to make. With that money you can decide to make $2 per day with lots of trades. That is because you can only trade micro lots due to risk management rule. If you don’t apply that rule you are ready to loose everything.
Exactly; even 100$ is enough if you know the way of Forex trading! Here, your trading knowledge is your key point!
My friend starting with 100.000$ and lost all the money. Many friend start with large money and lost all the money.
Because they dont have money management to trade.
Market is very volatile and unpredictable.
So you have make a plan a b c etc before you entry the market.
How the way if you have wrong direction or ■■■■ happen suddenly on market.
I always use hedge to anticipate market.
For example if i want buy euro i will make forcast of crossrate first. If eurgbp down, euraud up, gbpaud up then i choose buy gbpusd. Cause gbp strongest direct pair. and i make cover with sell audusd.
And if market have different way, then aussie running down fast than others.
Means 100 worth or not depend on how you trade.
you’re right. for some pairs, especially the cross pairs, you need to remember that they are more volatile at times, and you might need to use a smaller lot size for those pairs. It’s all really about money management and risk management like you said lol
Definitely, it is good idea to start with low amount (preferable $10 if they do offer that) before elevating to higher number. Plus there are leverage that helps you out. Just look for the broker who can offer a good leverage amount.
Wish more traders came back to share how their trading has changed/evolved. Thanks for making it back and sharing!