I agree small accounts are good for practice , practice, practice but otherwise for me ,not worth the hassle for such meagre rewards
I traded a small account for two years too. it is not worth it
For experienced traders, it might not be helpful because they can trade with higher capital and risks for better profits
If you fail on a small account, you will be even worse on a larger one.
It’s all just one’s and zero’s anyway. The key is your psychology.
Trading with small accounts is okay but using very high leverages in small accounts is not. One needs to be experienced enough to be able to use leverage successfully.
Agreed, lower capital with higher leverage is a bad idea if you are not able to make a good strategy in trading.
Low capital for beginner is fine imo cause if you are still learning or trying to find your prefer strategy. They are bound for mistakes and when that happen loosing small amount of money is a lot of destrumental.
It isn’t worth it mainly because it’s just a way to losing your small funds. However, we have to take into consideration the sum which you’re going to deposit. Some traders would say that 200$ is a small account, however, it’s much better to deposit 200$ rather than 10$. Forex trading is pretty flexible activity and it afford traders to earn even from 1$, however it will be a very long way to success. It’s pretty difficult to boost your account from 1$ to 10$, I don’t even talk about how to boost to 100$. It’s almost impossible and the vast majority of traders lose their 10$ and give up the idea of trading.
The hardest part of the journey is - or should be - before you set out.
So nobody should start trading until they have a consistently profitable strategy which they can use, with objective rules they can obey. The strategy can be found through research and trialling within a demo account. Its only at that point that a real money account should be used for trading.
Putting real money at risk when you have no idea whether it is probably going to double or probably going to halve is just like betting at the casino on black or red.
We chose our weapons, there are no sneaky attacks. Only the pair on the field counts.
I play a clean game, no hidden crap!
My post was not directed at you.
We are good, no worries! I am busy with a lady that challenged me to a trade war on Monday. I would hate to disappoint her, so my mind is not here right now.
It is worth doing however it will take plenty of time to you in order to reach success, you know. The less funds you have and the less amount of funds you are ready to invest in trading or to dedicate to trading activity, the less chances to become succesasful you have. It’s just the law on the market, however don’t forget about exceptions. Market also has its exceptions. I mean people who can earn solid sums of money just starting with 10$.
Remember that everything on the market is decided by your attitude to the trading activity. Some people don’t consider trading as profitable activity, that’s why they fail.
I think that depends on what a trader is looking to get out of that trading. If the purpose is to make a major profit, then no, it’s not worth it. If the purpose is to learn to trade with real money, I think it may be worth it.
Frankly, small trading capital isn’t meaningless here; if your trading strategy is consistent enough then surely your accumulation will be enough! But be realistic if your trading capital is below average!
$100 is all you need to start. Unless youre in the US then its $1k.
Build something worth the time, say 50% per day. Unless youre in the US then its 5%. Master position math, im sure thays a weakness or source of uncertainty for most. Full clarity is a distinct state