How much can I make trading boom and crash when I only got 5$ in my account
- Thread starter Busisiwe
- Start date
drewski1980
New Member
Wehat sort of RR is there with boom and crash? 5 dollars seems like a small amount to trade with long term
Fin_Trader
Member
There is nothing to do with 5 dollars in your trading account. Any, even very small, price movement not in your direction will quickly reset this small deposit to zero. The broker where I trade has the opportunity to open an STP account from 10USD, but I think this is not enough. It is necessary to reduce risks and establish a huge leverage.
skrimon
Active Member
Trading with such a small amount carries immense risk. While leverage can amplify profits, it also magnifies losses significantly. Starting with a larger capital base allows for proper risk management and reduces the chance of a small price movement wiping out your account. Consider paper trading or a demo account to hone your skills before risking real capital.
erichnolan2
New Member
you could possible double your account size with $5 if you catch the right spike
Fin_Trader
Member
When trading on such a small deposit, you can forget about risk control. Here, trading even the smallest lot of 0.01 will not save the deposit from losses.
Fxzombie
Member
It's like a beautiful dream with only 5 USD you can get big profits, but when you wake up you realize that it's just a dream, although perhaps dreams can come true if conditions are favorable, 5 USD can be traded with leverage of 1:500 on forex, to get tens of USD in profits. You must choose a pair with a strong trend with few retracement waves. If you choose a high-volatility pair, you may quickly get a margin call of only 5 USD.
Fin_Trader
Member
When trading on such a small deposit, you have no room for error in the first place. The price should go into positive territory almost immediately after placing your order. Here, even a small price rollback can lead to the loss of your deposit. Such consistent trading results are difficult to achieve. Therefore, I do not believe in the profitability of trading on an account of just $5.
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