Super noobie question here, hello all

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.:slight_smile:

sure you can do it, with my system it would take you about 11 years, but yes you can do it.

but i would also advise you start with no less then $500 and no don’t use 1:500 leverage unless your a advanced trader.

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.

I couldn�t agree with this more. With only $100 you�ll be wiped out very quickly. If that�s all you can start with go with a micro account.