Hey hey: what's up my friends, so in today's episode right we want to discuss how to start forex trading with 100. I know many of you know: don't have huge trading account. Maybe hundred dollars is all you have so raina rainer. How do we start trading with a hundred dollars? So a few things to share with you number one manage your expectations, i'm here to tell you that you are not gon na.

Take that one hundred dollars to turn it into a hundred thousand or million dollars. You are dreaming right if, if you are thinking along those lines and if anyone anyone out there promises you that is possible, two things number one they're, either a scammer or number two they're, just a minority very few lucky few that manage to pull it off right. 99.99 is gon na feel trying to do that. Okay, so that's the first thing to bear in mind: manage your expectations: you're not gon na take that hundred dollars and turn it into a huge sum of money.

Anytime, soon number two with a small account size. Your risk management still applies because think about this with a hundred dollars account right. Many of you are thinking it's only 100 bucks, so i just you know like 20 cups of coffee. I can afford that right.

I can't afford to lose 100 bucks, but here's the thing as you grow as a trader as you have more capital and you put in more money like now. Let's say you have a thousand dollars trading account or a 10 000 trading account guess what? If you do not master risk management at the start, you will likely lose those trading account as well, regardless of the size you're trading, whether is it 500 or 10 thousand dollars account, so risk management still applies. You must master risk management. Despite right, your account, being you know, a small size, okay, and which brings me to my third point right.

Some of you might be thinking, but rainer. You know with the risk management right with a hundred dollars trading account resume is difficult to apply. Man, are you kidding me, so i get it right. Yeah you have a hundred dollars account and let's say you go with the traditional or the typical two percent.

You know stop-loss rule. So this means that if a trade goes against you, you can only lose two dollars out of your hundred dollars trading account, and that sounds you know quite weird two dollars. That's quite little man, and i agree - and this is why it brings me to my third point - is that you must find a broker that offers you nano lots all right. So let me just you know, clarify what is nano load.

So, as you know, in the forex market, one standard lot is a hundred thousand units. One mini lot is ten thousand units. One micro lot is one thousand units and a nano lot is anything below a thousand units. It could be 100 units, so you can you know trade, nano lots or you can trade in terms of 100 units.

This means that one pip right is worth only one cent to you and if you have a 100 pip stop loss and you're trading only hundred units. That means right the potential loss on that trade is a dollar. So, can you see how useful nano lots can be? Yes, you're, not gon na make a ton of money. You're, probably gon na make quite little money insignificant money, but it teaches you how to respect your risk and learning how to respect the markets.

Learning how to apply proper risk management is something that will pay. You dividends right for the rest of your trading career because it applies whether you're trading 10 000 account 100 000. A million risk management still applies. So if you can master this by using, you know nano lots, you are pretty much i'll say having a smoother right journey ahead.

Okay, so that's a third thing to share with you get a broker that offers you nano lots and finally, number four with a hundred dollars trading account. It is very unlikely right that value will stay for the rest of your trading career and you shouldn't be. You know looking to grow that hundred dollars trading account. Yes, you should, you know, look to trade, it respect the markets, you know, apply proper risk management, but you should have the angle of you know: adding more funds to the account.

So you can trade larger sums of money and when you can trade larger sums of money, you can make more money in terms of notional value. Let's put it this way hundred dollars hundred dollars account you make 10 is ten dollars. You can, let's say you know putting money to the point where the account is ten thousand dollars. You make ten percent.

Now it's a thousand dollars. Can you see where i'm coming from same risk management applies? The only difference is the notional value that you're trading from so don't look at the hundred dollars, as you know, at as a n or bl look at it as a stepping stone right to grow it into something larger, because that's how you make the big money Trading the markets, and one last thing right is that you know some of you might have brokers that you know you're comfortable with, and they don't have nano lot so right now. What now so a quick tip to share with you is: if your broker doesn't you, it doesn't offer you nano loss and you still want to stick to your broker and you still want to respect you know risk in the markets. Then the only thing that i can think of is that you want to change the time frame that you're trading on so let's say, for example, if you're trading euro dollar on the daily time frame, i would say, as of right now, a reasonable stop loss on The daily time frame is anywhere between 150 pips 200 pips, and it's gon na be it's pretty large.

Okay and if your broker only offers you to trade, the mo the as small as a micro lot, that's a potential 20 stop loss for 200 people stop loss using a micro lot. So what you can do is you can go down to a lower time frame? Maybe euro dollar on a four hour time frame on that time frame - maybe you can, you know, have a 50 pip stop loss. That is reasonable. That could be reasonable on the four hour time frame and if again, if it's just a micro lot, 50 pips multiplied by 10 cent.

That's about a potential! I would say five dollars: uh five dollars risk on the trade so again, depending on your account size. Five dollar might be something that you are comfortable right, taking taking the trade right, because that that is still within your risk management parameters. So that's another final tip to share with you. If your broker doesn't offer you nano loss, then really.

The last thing that you can still do is to trade off a lower time frame, because on that time frame right, your stop losses tends to be smaller compared to the higher time frame. So, as a quick recap, number one manage your expectations. When you are trading a hundred dollars trading account number two risk management still applies, number three get a broker that offers you nano lots number four, get your feet wet right and look to scale up. Your trading account over time and number five.

If really can't find a broker that offers you nanolog then really. The last thing you can do is to trade a lower time frame where the stop-loss right tends to be smaller. So with that said, i wish you good luck. Good trading, i will talk to you soon.

You.