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marco_mmbiz

Member Since Jul 20, 2019  203 posts marco_mmbiz Jun 30 at 09:56
With 100k extra € in my pocket I'd spread 20k to 3 different trading accounts (which I already have) but would trade with the exact same strategy on all 3 ones (maybe only with 1 or 2 currency pairs), and then would just live from the 40k left, for a starter. Should be fine to do it like that, you won't need a main job anymore. But this goes only for good traders who can make let's say a monthly consistent profit of 5-10% on all the trading accounts they use. A 5-10% profit from a 20k account can be an income of 1-2k/month (e.g. in Germany the minimal cost of living is around 1-2k€/month, depending on where you live).
With EAs it can be more difficult though because different brokers/trading accounts can be totally different at the end.

patience is the key
SofieAndreasen

Member Since Jul 23, 2020  67 posts SofieAndreasen Sep 06 at 16:45
SebastianPawl posted:
You know, a lot depends on a trader's experience and preferences, I think it's no secret for you that even with a small capital you can make a stable and good income, but if the leverage helped every trader to earn millions - the market would have collapsed long ago.

Yeah that true. trader need knowledge of the market to make profit. I recommend first invest small. Then think later about big amount.

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.