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What is the minimum salary and experience to be able to trade live?

Serk (serk1)
Feb 12 2015 at 16:01
18 posts
I have a friend that wants to trade but he doesn't have experience nor does he earn a good salary.
However he wants to apply for a live account and follow what I do.

So my question is if he applies for a live account without any experience and low income would brokers allow him to trade?

Any help or links to explain what I'm asking would be grateful.


Investors always comes first.
davidcraigson
Feb 12 2015 at 19:23
67 posts
They will let ANYONE trade that gives them money. If he loses it all, they still made theirs.

Rustan mallari (tankbeta)
Feb 13 2015 at 02:30
171 posts
trading forex will not GUARANTEE you monthly income

Plan your trades and trade your plans.
davidcraigson
Feb 13 2015 at 13:43
67 posts
No, it won't. But I think that he was asking whether he could actually trade or not? THey just provide the service. If your friend wants to put money in? It's honestly no different from any other service. Think poker website. If he wasn't any good at poker... would they still take his money? Yup.

Rihan
RSTrading
Feb 13 2015 at 14:21
385 posts
No need to worry about that, there are even brokers offering a minimum of $10 deposit - some offer welcome bonuses. Forex needs deposits from newbies (that they 90% of the time end up losing) to be funded all the time.
Brokers are competing against each other offering the easiest account creation with the lowest minimum deposit and don't really care about your income - as long as you can fund this 'ever-hungry-market'

mavericks
Feb 13 2015 at 15:28
110 posts
Brokers absolutely do not care how much he earns and much he can afford to loose.
He is propably a grown man, so he can do whatever he wants with his money, however if he is undercapitalised he has basically chance of a snowman in hell.


Get investors and get paid 15 percent of theyr profits. More on my website.
Võ Thiên Phú
phoenixfxmanager
Feb 13 2015 at 17:07
14 posts
serk1 posted:
I have a friend that wants to trade but he doesn't have experience nor does he earn a good salary.
However he wants to apply for a live account and follow what I do.

So my question is if he applies for a live account without any experience and low income would brokers allow him to trade?

Any help or links to explain what I'm asking would be grateful.



Absolutely yes, Exness is a reputable broker that allows small traders to trade from as low as 0.01 cent lot (cent account), minimum deposit is 0$. But your friend is just a newbie in this market so there's a very high probability that he will blow his account for several times before gaining success.

Rustan mallari (tankbeta)
Feb 14 2015 at 02:47
171 posts
phoenixfxmanager posted:
serk1 posted:
I have a friend that wants to trade but he doesn't have experience nor does he earn a good salary.
However he wants to apply for a live account and follow what I do.

So my question is if he applies for a live account without any experience and low income would brokers allow him to trade?

Any help or links to explain what I'm asking would be grateful.



Absolutely yes, Exness is a reputable broker that allows small traders to trade from as low as 0.01 cent lot (cent account), minimum deposit is 0$. But your friend is just a newbie in this market so there's a very high probability that he will blow his account for several times before gaining success.


HI great news! how cn i deposit $0?? so i can trade forex with zero dollars

Plan your trades and trade your plans.
Võ Thiên Phú
phoenixfxmanager
Feb 14 2015 at 11:06
14 posts
I'm sorry for making you misunderstand. Minimum deposit is $0. So the thread opener can deposit a very small amount of money to start trading. He can start trading with as low as 1$. Exness offers a cent account, so this guy is gonna have 100 cents to practise trading. In addition, they also offer a very high leverage, up to 1:2000. But anyways, he should learn how to trade firstly to ensure the longterm success.

Serk (serk1)
Feb 18 2015 at 13:59
18 posts
davidcraigson posted:
They will let ANYONE trade that gives them money. If he loses it all, they still made theirs.


It does in my case.

https://bit.ly/AutomatedPassiveIncome

Investors always comes first.
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