here’s the logic.
why you trade ?
to make an extra earning, in many case a major source of living expense.
a fx trade are matters of investment program, fx trade is not your private money printing machine. keep this in mind, in the future you will thank’s me a lot… big time a lot.
the school recomended 10k to made money.
with this 10k account, you trade with risk management. said 1-2% pertrade.
simply yo made 5-10% profit monthly, this target are very safe one. 5% of 10k, 500usd extra fund for your life expense, it’s worth a thing right, you can your phone bill with it, and dont forget this profit are collected with secure risk management, 1-2% per-trade.
now let’s check when you start with 1k.
short is :
- do trade with secure risk, you only got = 5% x 1k = 50 usd, a months, your fee for a whole 20 trading days!!!
- trade with living expense profit gain. 500usd per month profit. use 1k account, target profit a steady 50% monthly profit, which is also a steady high risk for every each your trade.
perhaps this short explanation wouldn’t satisfy you, but we all widely open for any further discussion.