I object, to make money with Forex you need a substantial capital, this cannot be argued at all because if you look at the report from forex brokers it says 70% of traders lose money what does that tells you?
Most people trading with small accounts lose their money continuously because retail trading is not for small equity holders, if you have a small equity, you are better off signing up to prop firms and trade for them, where you are agreed at least a quite enough money at the end of the month, but trading with 10, 50 or 100$ is as good as dashing the money to your brokers, some one up there talked about managing risk, how can you manage risk with a 30 dollar or 10 dollar account, let's even take 10 dollars for example.
The standard risk management advise is, risk 1% of your account for each trade, assuming 1% of a 10 dollar account is just 1 dollar and 10 losing trades will blow your account, and for God sake how can a 1 dollar stop loss contain your position.
Reality and truth doesn't care about our conviction the earlier we understand that forex is not meant for small account the better or accounts will keep on blowing non stop.
