Is it possible to make 10 to 20 euro a day on forex trading with low capital ($100)

[sark_anZas]

before you consider getting a job consider putting a bit more money in your account. If you don't have a little more (like 400 euros) then get a job while you study ur ass off and make low leverage trades like .01 lots. It's possible though, i started out trading stocks with full leverage in the most volatile financial climate i'll probably ever experience. Made 100% for the year, but i lived in my car and spent 5 bucks per day and 15 per week on food.. lol

what i learned is that I need to seperate my winnings between income and growing my account. you don't want to be trading with 100-400 euros your whole life.

 

[gamma]

Ok, let's come at this a different way, not negative, but let's look at how long you can stay in the game as opposed to how quickly you can reach the goal, let's do the math in pence and imagine your euros are pounds...
Assuming the lowest punt you can make is ten pence per pip with a risk of 30 pip you're using 3%-3.5% of your account per trade, sensible. Now if you get a workable strat. and stick to one/two currency pairs on perhaps a ten min. TF and place target profit limits of 30-40pips per trade you'd have to have a helluva losing streak to lose it all...
I reckon *doing a Gamma* (were he turned 100 quid into 500 in a week or so) is quite easy in you're experienced and have the discipline...

gnr2206,

My earlier post was not a put down, it was just injecting some light humour in the thread

The advice and stats given by black swan above is very good.
You will also need to be patient and only trade when your setup has a 90% probability of going right

Good Luck!

 

[Hoggums]

To summarise this thread in 4 words.

Possible: YES
Probable: NO

 

[Hilarymannah]

For an experienced trader, most definitely,..for a novice,.hmmm
If you're lucky!,..
Not the best strategy for a winning formula though
You'd be have more fun at the casino,.at least they provide you with alcohol and pretty girls!

 

[gnr2206]

gnr2206,

My earlier post was not a put down, it was just injecting some light humour in the thread

The advice and stats given by black swan above is very good.
You will also need to be patient and only trade when your setup has a 90% probability of going right

Good Luck!

i understand, its hard to judge tone in text ha! thanks for the advice from ye all!

ill spend a few more on the paper trading first i think.

maybe that casino idea aint too bad.....