Open forex account with minimum capital required is doomed to failure

[jixiang]

almost all the forex brokers have a lot of publicity at their small capital requirement to open a account, but if you really use this capital to trading, basically you will soon be kicked out of games, which is why most traders will burst positions within 1 month.
Want to know why, well, let's look at those chart, which with the same parameters: Initial capital $300; winning rate: 50%; Stop Loss: 2%; Take Profit:2%; trading 2 times per day, $1 Fee per transaction.

Unfortunately, the actual situation is even worse than that, to have a 2% stop lost means $6 for $300 if 1pip = $ 1, that is 6 pips stop lost, how many people use this senseless stop? Most people stop with 15-20 points a 7% SL and TP, then the situation would like this:You will be kicked off faster!

This is lucky one, but is kicked off finally.

Do not try again and again with minimum capital requirement, this is not the problem of your transaction technology.

 

[theroguetrader]

Trade a micro account. A small account does not limit your ability to trade higher timeframes, that is often peoples perception, but in reality, account size is meaningless.
Your trading is measured in RISK/REWARD, so you must adjust POSITION SIZE ,thats all you need to do - !!

 

[enragedcow]

graphs make me want to buy whatever you;re selling oh master vendor

mathematically you're correct, but then mathematics is the only subject where you can say you are 100% correct

as theroguetrader said account size doesn't matter, just adjust position size so you only risk 1-2% of account with a MEANINGFUL stop not just an arbitrary 6 pips

 

[jixiang]

sorry for my english, so the graph is clear to show me opions.
Yes, if we can trading with a small size, the situation is totally different.
the trading Fee is to be the focus: first chart without any fee, and win and lose 50 50.
the second including $0.5 per trade.

the fee is hiding in the pips.