Starting out with $200 and waht next...

[WatanFX-Rep]

If you can safely and reliably generate $40 profit on a $200 account, that's 20% per month. If you don't make withdrawals and keep getting 20% each month, after 12 months, you would have $1800. In 5 years, you would be a millionaire.

Making 20% in a month - easy.
Making 20% each month safely and reliably - good luck!

Bingo

 

[WatanFX-Rep]

This topic might be a bit over the top for most newbie traders here, but here is a small reminder. Folks looking for 100% gains on their accounts should be ready to handle 50% to 80% drawdowns in their accounts.

Larger targets require more drawdown appetite.

An example from the stock market. Say a stock is trading at $100 and it crashes down to $8 per share. Now if the traders expect it to go to $50 a share at some point in the future, they should be ready to accept that the same stock can go down to $4 or $2 or have 50% to 75% drawdown from your $8 buy ( which looked like a fantastic deal when seen from $100 level ), before it starts shooting upwards.

The same happens with currencies. Traders looking for extreme over-bought and over-sold conditions should be mentally prepared to have gone into a trade at the wrong time, and must be able to handle the downside that comes with it.

 

[bigdolly]

This topic might be a bit over the top for most newbie traders here, but here is a small reminder. Folks looking for 100% gains on their accounts should be ready to handle 50% to 80% drawdowns in their accounts.

Larger targets require more drawdown appetite.

An example from the stock market. Say a stock is trading at $100 and it crashes down to $8 per share. Now if the traders expect it to go to $50 a share at some point in the future, they should be ready to accept that the same stock can go down to $4 or $2 or have 50% to 75% drawdown from your $8 buy ( which looked like a fantastic deal when seen from $100 level ), before it starts shooting upwards.

The same happens with currencies. Traders looking for extreme over-bought and over-sold conditions should be mentally prepared to have gone into a trade at the wrong time, and must be able to handle the downside that comes with it.

Exactly larger profit expectations imply larger drawdowns you can easily lose your deposit for example going in NFP trade overleveraged expecting to make 200-300% from a single (!) trade. I'm going to open some straddle trades on my zero account at MYBROKER lets see how it will go its first time I test this strategy so not quite sure will they withstand the whipsaw...

 

[EuroTrader]

When we are trading the Big News releases then we have to remember this that the markets can change at any time and this is why we have to take with some care

 

[downtrend]

Start with $200, aim for less profit per month. Then keep that profit in your trading account, build up your account slowly. Use good money management and eventually you will be earning good amount from trading.

 

[EuroTrader]

Start with $200, aim for less profit per month. Then keep that profit in your trading account, build up your account slowly. Use good money management and eventually you will be earning good amount from trading.

When we are starting from less amount of Trading funds then we also know that we have not much risks and their is always a chance of reinvesting if we get the losses

 

[downtrend]

$200 is a very low amount, any good setup can lure you into a trap and you end up losing a big percentage of that account by risking more that you should on a particular trade.

 

[ForexVerified]

If you go with $200 then select a cent account. Everything else will wipe out your account before the month ends.

 

[EuroTrader]

If you go with $200 then select a cent account. Everything else will wipe out your account before the month ends.

I would say that starting our trading with a 200 dollar account is a good option if we have the required trading knowledge and are able to do our trading with success

 

[qitiandasheng]

Nobody will know what happend on $200, maybe you will lost within one day, or make it $20000 within one year. So forex trading is full of possible.