Thinking about risk for smaller accounts
Hey everyone, still pretty new to the forum here and mostly dipping my toes into forex. I've been paper trading $USDJPY a lot lately, watching it hover around 161.759 today, and starting to consider live trades with a small account. My biggest hang-up right now is risk sizing. I've read all the standard advice – 1-2% per trade – but for someone with, say, a $500 account, that translates to incredibly small lot sizes, often less than mini-lots. It feels like the profit potential is so tiny it's barely worth the broker fees sometimes. How do you all approach this when you're starting out with limited capital? Do you stick strictly to the percentage, or is there a common adjustment folks make for really small accounts?