YESSSSSSSSSSSS, even if you got the greatest trade idea or plan before the trade which I do think I have at times 
. putting it into practice based on the current market charts and setting realistic S/L or T/P zones is on par as important and is more difficult than the trade idea and plan. Making your trade idea profitable is very hard, IMO.
Definitely, you can’t use here such a big trading lots size because the account balance is 300$! That means, you have to manage enough number of pips in everyday! Yes, its not an easy task.
I think 95% of people are probably in the top 95%?
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Top 5% of people lol 
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Remember mate forex it’s not a get rich quick scheme. Or else you will blow your account. Don’t expect high expectations you need to be consistency.
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That’s the most important thing. Some people get into Forex just because they SEE a lot of people making a ton of money, without even knowing what the hell they need to do. It irks my nerves sometimes to see people hop on this journey just to hop right off when they realize how much work and studying they need to do. Consistency like you said is key. Forget about the profits in the beginning. If you can implement a consistent, profitable, strategy? Then the profits will come after 
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If $300 is all the money you have in the world, buy some second hand stuff, do it up and sell it for a profit. Do not even think about jumpiing into this sea of sharks, piranhas and vampires !
If $300 is just “Play money” - then try it - Bust out 4 or 5 accounts; until you realise you know nothing. Then go away and start to learn !
REPEAT THAT EXCERCISE AS MANY TIMES AS NECESSARY !
Not a hope in hell mate !
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@nomy01
JUST FOR FUN
why don’t you try this on demo first
Open a $300 Demo
Pick something like EUR USD and try to get $50 a day,
Using a Lot size of 0.1
I mean… $1 per pip HOW HARD COULD IT BE …HUH, it’s only 50 pips LMFAO ROFL
LET US KNOW HOW YOU GO [obvious friendly sarcasm]
we know how you’ll go, don’t we @Falstaff ?
but WE NEED YOU TO LEARN IT
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Yes, it’s the key! Thank you for your comment!
You are welcome as always
Hi there Im not sure I understand the math here. I have been trading with a 100$ account for exactly a month now and it is currently standing on 111$, which means a 11% increase.
Also I don’t trade lots less than 0.02. In order to make 50$ it would take 2500 pips:
2500 X 0.02 = 50$
or
1000 X 0.02 = 20$
Or am I barking up the wrong tree?
LOL
i think you’re confused
this…
is incorrect
let’s DEFINE what we are talking about
2500 Means 2500 pips
0.02 (you defined as LOTS)
and 0.02 LOTS = 20cents per pip
so…
20 cents per pip X 2500 pips = $500
you calculation is saying
2 Cents per pips X 2500 Pips (which is not possible because 10 cents per pip is the Minimum)
You’re getting 0.02 LOTS and 20 cents vs $0.20 Mixed up
see when someone says that 0.01 = 10 cents per pip
YOU ASSUME 0.02 = 20 cents … AND IT DOES
but you then go an use 0.02 in the calculation instead of using
$ 0.20 cents
see the problem
you have undervalued your equation by an order of magnitude
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Really? You are expecting 50$ daily profit from only 300$? Then I must say, you haven’t any idea about the reality of the Forex business!
@NaguibSawiris
well… CLEARLY from the OP’s first question
he doesn’t have an idea of the reality
but then so many newbies here don’t
all we can is answer his question politely and hope that he eventually gets it
and… that he gets it, BEFORE HE LOSES A LOT OF MONEY and has the good sense to try his theory on a demo account before going live HINT HINT hehe
but… WE KNOW HE WON’T
we know he’ll be back here saying
"I blew out my account, many i need to change my strategy… blah blah blah"
Hopefully he gets it
You are correct in saying that 0.2 X 2500 is 500$, but I trade 0.02 lots which is 2 cents per pip and that equates to 50$ for 2500 pips. I trade with FxPro and they definitely allow me to trade even down to 0.01 lots. Maybe I am wrong but:
1.0 = 1$
0.1 = 10 cents
0.01 = 1 cent
No it’s not
this is clearly when you are making the mistake
0.01 LOTS = 10 cents per pip (When trading currency)
so
0.02 Lots = 20 cents per pip, Not 2 Cents per pip
Mathematically, when talking about money, 0.02 = 2 cents
because
there are 100 cents to $1
aka 1.00
and 1 cent less would be 0.99 hence 99 cents
hence everything on the decimal side is cents
hence 0.02 = 2 cents
but when talking about LOTS
1 Lot does NOT equal $1 per pip
IF IT DID, then yes… 0.1 would be 10 cents per pip and 0.01 would be 1 cent per pip
BUT IT’S NOT
1.0 standard lot has a PIP VALUE of $10 Per pip DO YOU GET THAT
so…
0.1 lots = $1 Per Pip and if we go an order of magnitude lower than that we get
0.01 Lots = 10 cents per pip you can’t trade lower than this (at least not with my broker)
so again
0.02 Lots = 20 cents per pip
not 2Cents per pip
now as for this
No You’re not wrong
my broker allows trading of a min of 0.01 lots as well
but it means it’s 10 cents per pip
it’s not 1 cent per pip
if a broker allowed 1 cent per pip (and i think some do) it would be 0.001 Lots
I stand corrected thank you. Just for clarity though, If I have a short trade and it moves from 1.24472 to 1.22738, that represents 1734 pips right? If you times that by 0.02 that gives me 34.68$
Wrong!
Its 173.4 pips.
Have you read the free school here?
No I I have to admit, I haven’t.
as eddie already told you
You’re wrong
try this, it might help make things easier
when you are faced with
1.24472 to 1.22738
do this…
1.2447 to 1.2273
or this
2447 to 2273
MUCH EASIER huh
174 pips
so depending on what 0.02 Means
you will get this
if its 0.02 Lots (aka 20 cents per pip) it means $34.80