Try with a couple of thousand so you can insure yourself in case of anything, and you can make transactions with a minimum amount to get at least a little experience.
Different investment strategies require different initial investment levels.
A low risk trend trader might be able to trade with $100.00 using 0.01 lot sizes, even less if it's a cent account.
A high risk coin toss trader who is always in and is using a Martingale gambling strategy to increase the lot size on each new trade, will absolutely need a considerably larger initial investment,
Never trade with money you cannot afford to lose. If losing $1000.00 will cause ANY negative consequences in your life, then perhaps it is unwise to invest $1000.00.
What investment level worked best on your demo account?
Only you can determine what will work best for your trading with a Live account.
A low risk trend trader might be able to trade with $100.00 using 0.01 lot sizes, even less if it's a cent account.
A high risk coin toss trader who is always in and is using a Martingale gambling strategy to increase the lot size on each new trade, will absolutely need a considerably larger initial investment,
Never trade with money you cannot afford to lose. If losing $1000.00 will cause ANY negative consequences in your life, then perhaps it is unwise to invest $1000.00.
What investment level worked best on your demo account?
Only you can determine what will work best for your trading with a Live account.
If you want to be profitable, make profitable trades.
Feb 26 2020 at 11:39
Jalath posted:
It seems to me that with an account less than 1000 you have nothing to do here at all, because you will be constantly worried about a small free margin left or you will be limited to a small number of deals - it is not interesting at all plus it does not bring much money.
I agree with you
Feb 26 2020 at 11:58
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 think so too
Landakus posted:
Try with a couple of thousand so you can insure yourself in case of anything, and you can make transactions with a minimum amount to get at least a little experience.
Basically, small amount is not the issue! When you have a good trading skill; then surely you’ll be a successful money maker end of the day; your knowledge is the powerhouse!
AmDiab posted:Landakus posted:
Try with a couple of thousand so you can insure yourself in case of anything, and you can make transactions with a minimum amount to get at least a little experience.
Basically, small amount is not the issue! When you have a good trading skill; then surely you’ll be a successful money maker end of the day; your knowledge is the powerhouse!
No way to ignore your point; but the fact is; you also need a healthy trading capital to be a satisfied Forex trader!
AmDiab posted:Landakus posted:
Try with a couple of thousand so you can insure yourself in case of anything, and you can make transactions with a minimum amount to get at least a little experience.
Basically, small amount is not the issue! When you have a good trading skill; then surely you’ll be a successful money maker end of the day; your knowledge is the powerhouse!
I disagree with you.
A small account balance is not feasible for all trading strategies.
If you want to be profitable, make profitable trades.
Mar 03 2020 at 14:46
best starting capital is 0.
start with demo and learn how to trade and then go real and invest.
if you invest right now with 0 experience and knowledge - you will just fail as fast as it possible.
don't do that and I wish you smart moves.
start with demo and learn how to trade and then go real and invest.
if you invest right now with 0 experience and knowledge - you will just fail as fast as it possible.
don't do that and I wish you smart moves.
AmDiab posted:Landakus posted:
Try with a couple of thousand so you can insure yourself in case of anything, and you can make transactions with a minimum amount to get at least a little experience.
Basically, small amount is not the issue! When you have a good trading skill; then surely you’ll be a successful money maker end of the day; your knowledge is the powerhouse!
knowledge is the powerhouse, this is absolutely true, but you need capital ultimately to make more money.
Mar 04 2020 at 10:25
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.
For a beginner, a demo account is best.
