I am very sorry to say this but it is the bitter truth we must try to accept. You must not fall into temptation of starting your FOREX trading with less than $200. Most brokers try to lure their client with high leverage but let me tell you, using high leverage is like driving with high speed.
Many factors such as greed, revenge, impatience is a quite recipe to quickly blow your account. With what is happening currently in FOREX market, $200 is too small to curtail the sudden reversal of price in recent days. $200 account should be meant for practice so will get yourself over emotional trading compare to when you are demo trading.

Why many failed with low account is that the hinged their hope on making quick money with such little account as quick as possible, hence they fall into temptation of trading bigger lot.

However, this is not to say that you can not trade with little account. What you need is sound management. If you don’t know what leverage is, do a google search and read more on leverage. If you are to trade with less than $200, with Piphacker’s Strategy which you can find freely by joining a forum at www.forex.marvrid.com you should trade 0.05 lot till your account grows to $500. Then you can start trading with 0.1 lot.
Ignoring this is a recipe to wipe out your account in no time. If you use piphacker strategy, it will be difficult to loose because the strategy is one of the best that has ever come out of FOREX world. Wishing happy sunday