Yeah...! You are right, that's a good way to trader, but I am afraid that not every trader could do that. Thus they need to depend on the strategy formed by others.
Many newbies start out with that much amount and later they could raise it as per their confidence. It all depends on you how much you need to get along in long run.
Knowledge and experience are the required skills to become successful and also patience is need to wait for the perfect opportunity, else you might lose a lot.
A good and nominal amount of $100 would be good for a newbie to startup trade. You could invest the remaining amount, which I guess you are having later on.
Yeah...! It is a good place to get acquainted about Forex Trading, but for gaining real knowledge, you need to Practice Demo. Demo Trading is the best way to learn about each and every aspects of Forex Trading.
That's nice joke Xela, but we need to understand what it takes to become successful in trader. Many traders thinks that they could make money just like that and think it as a Gamble, but Forex trading is not a Gamble, and they need to understand that. They need to understand what is required to...
Yeah...! Babypips is also a great place to learn, they have quite nice chapter and detailed explanation about Forex Trading Market. Thus you could learn a lot from there too.
Yeah...! we need to increase our amount slowly and gradually, if we really wanna make profit. As initially investing this much amount, may incur us huge loss.
You need to have total psychological control over your emotions, you need to be patience and discipline in order to earn lots of profit through Trading.
Yeah, Forex may be the major source of my income, but it had never been the only source, you need to have backup if you really want to become successful in trading as you can make loss any time and you will need the capital for a comeback.
I might not agree with you, as if any trader has adopted a wrong strategy and if he continues to use the same for each trade, then it won't be much beneficial, thus I think we need to change our strategies time to time.