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Old 02-15-2007, 01:53 AM
mangman mangman is offline
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Join Date: Nov 2005
Posts: 169
mangman is on a distinguished road
$100 dollars is a small amount to make living on Forex.

The good thing is most metatrader brokers allow to trade with fractional mini lots.

Say you make only 10%, which seems like nothing on a $100 account.

If you are patient and use an EA that has good money management coded in it, using the power of compounding you can turn $100 into $30,448 in 5 years.

There are EA's that will make 10% a month. The problem is a lot people are looking for EA's that will give them 100% a month or every two months.

I have seen people, including myself, change the risk setting of some good EA's that produce between 5% and 10% a month to a much higher setting in order to get rich quick fast. You can probably double the account in one month and lose it all the next month with these settings.