It seem’s a lot of people say it is un-wise to start with a little money but instead should start with a larger amount of money.
And to not use a large leverage (1:500).
My question is this.
If I deposit one hundred dollars and use 1:500 wouldnt that be safer than using 2500 dollars with a 1:50?
The way I see it the larger ratio would be safer since the most I would lose is 100 bucks.
Besides I have no other choice since im living week to week anyway.
Another question, is it possible to turn a hundred bucks into a 100,000?
Can I do it?
I have too, I have no other choice presently.
ps: I have read the babypip school once and have been practice trading recently.
Day trading is my ticket.
Is your goal to be a profitable trader or a trader that only loses a hundred bucks?
Try a micro account. That way you can trade your $100 as if it was a larger amount with the money management rules it takes to be a long term profitable trader. As you master it, you can look into a larger account balance.
