Position sizing on smaller accounts: Is it just patience?
Been trading forex for about six months now, mostly demo and a micro live account. The common advice is to risk 1-2% per trade, which makes sense in theory for capital preservation. But on a $1000 account, that's $10-20. Even with a good R:R, it feels like it takes forever to see meaningful gains, and commissions/spreads eat a chunk of that. I'm not looking to get rich quick, but I'm wondering if there's a point where that 1-2% rule is too restrictive on smaller capital, or if it's truly just a matter of grinding it out until the account grows to a point where those percentages become more impactful. Are others sticking strictly to 1-2% on smaller accounts, or is there a slightly higher but still responsible range to consider without blowing up?