Although opening a forex trading account with a bit of money like $10 is feasible, novice traders could have better options. Trading foreign exchange carries a high risk, and you might lose more money than you initially invested. As a result, you must start trading with enough funds. With just $10, you can get help opening a trade with adequate leverage for a meaningful profit. Moreover, the price of trading commissions can reduce your profits. Let's say you're committed to learning how to trade currencies. In that situation, it is advised that you spend more to take on positions with more visibility and reduce your exposure to market volatility.