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Forex Amount
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Roberto21

Member Since May 02, 2019  189 posts Roberto21 Jan 18 at 17:04
which amount is more appropriate for new Forex trader , it depends on how much basic knowledge he acquired including practicing, if any newcomer go thorough all basic level of trading with live experience for 6 month , i think he has the capability to reduce unfortunate losses and risk.    

fancydandy

Member Since Oct 09, 2019  27 posts fancydandy Jan 20 at 05:35
For the beginner, it would be probably be the best for them to start with demo account and get dabbled with various variables and understanding those variables.
Once they get comfortable with making profits, they can start with real account. For that, it would be best for them to try Micro account - basically you can deposit minimum deposit - say $50, even $5 is fine (based on broker's conditions) and start facing the reality.

peter_fx

Member Since Oct 19, 2019  20 posts peter_fx Jan 20 at 12:03
fancydandy posted:
For the beginner, it would be probably be the best for them to start with demo account and get dabbled with various variables and understanding those variables.
Once they get comfortable with making profits, they can start with real account. For that, it would be best for them to try Micro account - basically you can deposit minimum deposit - say $50, even $5 is fine (based on broker's conditions) and start facing the reality.

I agree with you. Even I think that the first step after one’s done with the learning part, should be using a demo account. That makes one aware of the practicality of this field, which is a great help when one starts with a real account to trade.

EmilioV

Member Since Jun 24, 2019  11 posts EmilioV Jan 20 at 14:32
First step has to be demo. Forex is so complex that it needs a lot of practice. Even learning how to use the Meta trader platform is hard enough

Betty_60

Member Since Jan 20, 2020  9 posts Betty_60 Jan 21 at 11:39
Roberto21 posted:
which amount is more appropriate for new Forex trader , it depends on how much basic knowledge he acquired including practicing, if any newcomer go thorough all basic level of trading with live experience for 6 month , i think he has the capability to reduce unfortunate losses and risk.    

I agree, practice and learning are quite important. As far as the trading amount is concerned, I think every beginner should start with a low capital and then gradually give it a rise. Starting with a rush is of no use.

peter_fx

Member Since Oct 19, 2019  20 posts peter_fx Jan 24 at 07:50
Betty_60 posted:
I agree, practice and learning are quite important. As far as the trading amount is concerned, I think every beginner should start with a low capital and then gradually give it a rise. Starting with a rush is of no use.

True, going slow and consistent will only make one win

Mirakelv

Member Since Dec 28, 2019  3 posts Mirakelv Jan 24 at 21:01
Minimum amount as some people already said it's some minimum deposit on so many levels out there that I really can't go on with that matter anyway. How else we can go for that matter anyway? Can we check it out? Be sure to make it.

downtown

Member Since Nov 08, 2019  15 posts downtown Jan 30 at 10:36
fancydandy posted:
For the beginner, it would be probably be the best for them to start with demo account and get dabbled with various variables and understanding those variables.
Once they get comfortable with making profits, they can start with real account. For that, it would be best for them to try Micro account - basically you can deposit minimum deposit - say $50, even $5 is fine (based on broker's conditions) and start facing the reality.

That sounds really reasonable. I have to agree with you on this!

togr

Member Since Feb 22, 2011  4588 posts vontogr (togr) Jan 30 at 13:06
Roberto21 posted:
which amount is more appropriate for new Forex trader , it depends on how much basic knowledge he acquired including practicing, if any newcomer go thorough all basic level of trading with live experience for 6 month , i think he has the capability to reduce unfortunate losses and risk.    

A lot of traders starts with like $1,000
with expectations to make enough for living
obviously it leads to over trading
which leads to loss
which leads either to new deposit of 1,000 and loss
or leaving forex completely
It is possible to trade with 1,000 or even $100 but you can't expect to make enough for living

I like what I trade, I trade what I like
Dorofeev

Member Since Dec 15, 2019  3 posts Dorofeev Feb 07 at 14:38
I assume we can make something like your few thousands deposit with that matter. I do hope you already set it out to make it cause it clearly doesn't possible to make it bigger no matter how bad do you want it. Say big thanks for that.

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EURUSD 1.08227 GBPUSD 1.29391
USDJPY 111.57 USDCAD 1.32651

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