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Learning Forex Trading
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Member Since Oct 02, 2014  907 posts Ari Goldman (arigoldman) Sep 12 2015 at 18:05
Demo isn't going to teach you how to trade so beware. It's going to teach you how to use the platform and that's it.


Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) Sep 13 2015 at 06:05
paull3000 posted:
In my opinion:

Leverage needs are different to every trader, depends on your strategy and how much money you plan to risk on every trade, anything above 5% risk per trade is suicide, 3% is already a good number.

If (for example) you plan to eventually open an account with $5,000:

1. open a $5,000 demo account and trade with that for a few months untill you become profitable. That way you will have time to test and try your system and emotions.

2. Once you are profitable on demo start with a real account, but fund it only with $1,000 (out of your $5,000), wait until you are profitable, at least one month.

3. Deposit up to half of your capital, wait until you are profitable. At least one month.

4. Deposit the whole amount

You wil:
a) learn to trade first with demo funds,
b) you will learn to control your emotions first with a small amount of money
c) You will not risk your capital until you feel safe and you can really trade
d) You can use all the time it will take you to become profitable to save the money to finally fund your real account

Professional traders use 1.5 -2% maximum per trade,anything above this is nuts.Open a demo to get some practice,but you wont really know how to trade until you have a live trade on,plus demo is set up differently to live accounts,find a true ECN broker so there is no conflict of interest.Leverage isn't really the problem if you understand it and act sensible with your stops.No over night positions until you get a feel for the market.

"They mistook leverage with genius".

Member Since Aug 06, 2015  12 posts Gavolt82 Sep 15 2015 at 10:03
It is up to you to decide what is this minimum amount, broker and type of account should be taken to consideration. Personally I first time deposited minimal amount and used minimum leverage. I believe mini accs teach well without much risks.


Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) Sep 15 2015 at 20:11
Put minimum amount into your account until you get good at a particular strategy,then you can add to it.
Leverage is not the problem,it's where you put your stop loss is,I have never had a problem with leverage,if anything it's a positive,don't be afraid of leverage.

"They mistook leverage with genius".

Member Since Oct 28, 2015  11 posts luthfi_maung Nov 05 2015 at 07:41
It's all up to you for the capital of your live account, and try to look a broker for some possible leverage (for e.g 1:2000, gotta try to find some brokers who offers that kind of leverage)


Member Since Aug 06, 2015  12 posts Gavolt82 Nov 10 2015 at 08:21
Well, in this case, pay extreme attention to the main rules of money management. I guess it's not a secret for anyone that high leverage without proper money management can destroy one's account very quickly. Excuse me if it has been mentioned lots of times already, but I think it's better to note that one more than skip another time.


Member Since Feb 22, 2011  4823 posts vontogr (togr) Nov 10 2015 at 09:07
arigoldman posted:
Demo isn't going to teach you how to trade so beware. It's going to teach you how to use the platform and that's it.

Of course you can learn trading on demo. Its the same as real.
Hard point is to handle psychological burden when you trade real money.


Member Since Oct 14, 2015  8 posts Pepen Supendi (Pepen_supendi) Nov 12 2015 at 08:30
markjasonmanikan posted:
How much is the minimum amount I should invest for my leverage if I will open new account?

$100 with 1:500 leverage if you're ready for it and it still affordable to lose...


Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) Nov 12 2015 at 13:44
It's not how much you should put in ,it's how much are you going to risk on each trade,where you put your stop loss,what product are you going to trade,is there news events around your entry,etc.

"They mistook leverage with genius".

Member Since Oct 20, 2009  41 posts Break Forex (breakforex) Nov 16 2015 at 11:47
20 pips daily at Leverage 1 will get you 40% annually. Leverage may be unnecessary!

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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.