Possible to start trade with $200 deposit to make a stable income?

[Brainless]

Any successful Trader here can share some experience?
Thanks in advance & wish all guys will have a stable income with trading.

 

[JoeyWheelers]

According to statistics -

Forex day traders with a good strategy can make a 5-15% return on their portfolio every month.

While it is true that you can start with $200 (you can even start less than that), would you think that 15% (assuming you trade very very well) of that monthly would be enough of an income?

$30/month would be a good start if you are a still living with your parents. But if compounded monthly:

2nd Mo - $264
3rd Mo - $304
4th Mo - $349
5th Mo - $402
6th Mo - $462
7th Mo - $532
8th Mo - $611
9th Mo - $703
10th Mo - $809
11th Mo - $930
12th Mo - $1,070
13th Mo - $1,230
14th Mo - $1,415
15th Mo - $1,627

If you can pull that 15% of profits monthly consistently, you can see by the 9th month, your profit goes up by ~$100/mo. And on the 15th ~$200.

So if you start with $2,000 and compound it like above, on the 15th mo. onwards having ~$2,000/mo would be the most ideal income.

But, those are the ideal conditions of having an average net profit of 15% and you are patient enough to keep on compounding it.

 

[HeavLeighGill]

I started with a low initial deposit. I did wind up depositing more later on, but it got me started until I was more confident to deposit more.

 

[abuble]

For sure, specially if you're starting, it will help you feel the market bettr for when using highre amounts

 

[stivemaclaren]

it possible but it depend on you how trade and do money management

 

[Crispypata]

it possible but it depend on you how trade and do money management

You are correct there it depends on the individuals money management and risk appetite

 

[Mitsuki-39]

Ypu can do it if you have good risk management and good technique. Just do compounding and your target will met one day.

 

[mactheone]

nice . good risk management and good technique. Just do compounding and your target will met one day. its important

 

[ForexLose]

You can. as long you do low risk trading and let it run

 

[Fxzombie]

Ready to join in investing, ready to take the risks, that's the first thing I prepare for investing. I use forex trading as a means of learning to manage funds at high risk, focusing on profits without paying attention to risk sometimes leads to despair when it fails.