Disliked{quote} Studies have shown there is a strong positive correlation between account size and profitability. It's important to note that while the minimum to open an FXCM account is $50, the minimum to open an account at some other brokers including the one you mentioned is $10,000. Below are data compiled by DailyFX from over 10,000 FXCM client accounts. Note the big difference in the performance of those who start with less than $1000 equity (20.91% profitable) and those who start with at least $5000 (37.37% profitable)....Ignored
Just goes to show how important adhering to a maximum leverage rule is. Point in fact, the most successful traders in the study are actually using less than 10% leverage (if I am reading that correctly).
Fireworks are fun ... as long as you don't blow your fingers off.