Small amount is good start with but not so low as $5. put atleast $100 into it if you want some output.
Dec 07 2020 at 09:41
Forex is a very vast and complex field. Spending 6 months on a demo account does not guarantee that you won’t have losses in the future. Regular practice and learning is quite important. When you for a long time you automatically understand your trading strategy and start to gain profit. As far as money is concerned, do trade with positive emotions because sometimes emotions interrupt your decision and you land with making losses. Initially start with a small amount and after getting experience increase the amount in order to make large profit.
The more your practice, the more you learn.
VirgoG posted:
Small amount is good start with but not so low as $5. put atleast $100 into it if you want some output.
Agree! But if you are not that serious when it comes to forex trading, then it is better to deposit as low as you can. But if you want to make a good profitable return, then $100 seems viable option for that
VirgoG posted:
Small amount is good start with but not so low as $5. put atleast $100 into it if you want some output.
I agree. Though amount must be such that one can afford to lose, but not too small too that i can't obtain enough idea from trading it too.
Dec 30 2020 at 04:03
Well, if you are thinking about micro accounts, a small amount as low as $5 would be okay but for a different account, you can go a little higher.
I think we should start with that much amount which we can afford to lose. So its more of a subjective thing rather than defining a range or something. For example, for me starting with $100 sounds reasonable.
Jun 05 2021 at 12:39
The amount isn’t the big issue in trading. Knowledge is the most important fact.
Initially it's not a good idea to invest a lot of money. 100$ to 500$ is okay. Once you learn how to make consistent profit, you are good to go with big investment.
I think $500 is a really good starting point. Best thing here is my broker offers a 50% deposit bonus on that. In my opinion, anything below it is a little too low of a capital for you to trade with. Just increase it by increments if you get more experienced in trading.
“The hard days are what make you stronger.” – Aly Raisman
Jan 11 at 07:09
VirgoG posted:
Small amount is good start with but not so low as $5. put atleast $100 into it if you want some output.
Starting with the small is the best option for every new trader.
Jan 11 at 10:22
amount is not a big deal in this trading place , with low amount there is a chance to bring good amount of profit if you have good knowledge and expereince.
Jan 11 at 13:48
Roberto21 posted:
which amount is more appropriate for new Forex trader , it depends on how much basic knowledge he acquired including practicing, if any newcomer go thorough all basic level of trading with live experience for 6 month , i think he has the capability to reduce unfortunate losses and risk.
It can take any amount of time to be honest. You need to develop a strategy first, which could take months/years.
In general, I think that this aspect is one of the most important for work. I advise you to pay enough attention to this.
Jan 11 at 18:54
There is no strict sum of money which you need in order to start trading actually. The matter here is that you can earn money even if you don't have huge sums. Of course, here the most part depends on the broker, because the vast majority of brokers make a special restriction on minimum deposit. I guess you have to pay attention to those ones which offer 100$+ minimum deposit, because such brokers as a rule can't be scammers. There are lots of scammers i the internet and you should avoid them by any ways. If you don't know how to do it, then you can read this information somewhere, for example here.
Jan 12 at 07:50
PeteLanceley posted: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.
It can take any amount of time to be honest. You need to develop a strategy first, which could take months/years.
So true, so many rush into trading and dont do their due diligence. If you take your time and grow a strategy and support network you can then move to the level of actually trading and leverage etc imo
Jan 12 at 07:56
Better for small account trading education. Knowledge can be gained through investment by making a cent account here.
It is really hard to say the exact amount of money which would make trading for a newbie safe and efficient because everyone should have their personal amount of money which he or she is ready to sacrifice for the sake of learning and mastering trading. I still think that it is better to start with demo account. Surely, we all know that demo trading will never teach anybody to be a success on the market, but first of all, a newbie should master the trading platform in order to be able to implement the knowledge on practice. When a trader knows how to use the trading platform fast and efficiently, he can start trading small lots in order to master trading itself.
A trader should start with an amount that is small enough to be liquidated if the trader experiences a string of losses. Before trading, a trader should learn and understand the principle of risk management. This will give the trader the ability to calculate their risk level before trading and use it as a guide to determine the amount of cash they feel comfortable starting out with.
Feb 01 at 06:17
Forex amount should be known to all people who want to get involved in the business. The amount will determine how much money you can earn or spend, and it is important to find a balance between the two.
Feb 02 at 18:00
I definitely think beginners should start on demo and remain there until they're bringing in consistent profits. As for the minimum to start with, I'd say that depends on what the person is comfortable with. Micro accounts can be great starter accounts but some brokers also offer very low deposit minimums in general. I started on a 0 commission account that only required a $10 deposit, but I started with a bit more than that.
