Forex Amount
Členem od Apr 18, 2017
718 příspěvků
Feb 29, 2020 at 10:54
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!
Členem od Jan 05, 2020
35 příspěvků
Mar 02, 2020 at 19:42
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.
Členem od Mar 03, 2020
11 příspěvků
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.
Členem od May 31, 2019
12 příspěvků
Mar 04, 2020 at 05:13
AmDiab posted:knowledge is the powerhouse, this is absolutely true, but you need capital ultimately to make more money.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!
Členem od Feb 11, 2020
14 příspěvků
Mar 04, 2020 at 10:25
Roberto21 posted:For a beginner, a demo account is best.
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.
Členem od Oct 07, 2019
47 příspěvků
Mar 04, 2020 at 11:34
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.
want to clarify one thing. if i want to test demo acc should i also trade with $50? or could i put any amount i want just for check?
thx.
Členem od Feb 22, 2011
4862 příspěvků
Mar 04, 2020 at 11:53
MP_89 posted:Nope, use normal amount like $1,000 for demofancydandy 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.
want to clarify one thing. if i want to test demo acc should i also trade with $50? or could i put any amount i want just for check?
thx.
Členem od Nov 06, 2018
83 příspěvků
Mar 06, 2020 at 15:40
Roberto21 posted:
which amount is more appropriate for new Forex trader , it depends on how much basic knowledge he acquired including practicing, if any newcomer go thorough all basic level of trading with live experience for 6 month , i think he has the capability to reduce unfortunate losses and risk.
Depends on your bank roll. How much can you afford to potentially lose?
Členem od Jul 19, 2020
298 příspěvků
Sep 04, 2020 at 07:24
Initially 100/200$ is enough. But before going into live trading one needs to develop a system. A system that includes everything. Trade entry and exit policy, money management and risk management policy, good winning percentage and good risk and reward ratio.
Členem od Feb 22, 2011
4862 příspěvků
Sep 04, 2020 at 08:22
Michihito posted:
Initially 100/200$ is enough. But before going into live trading one needs to develop a system. A system that includes everything. Trade entry and exit policy, money management and risk management policy, good winning percentage and good risk and reward ratio.
That is very common mistake.
People trade underfunded accounts and end up with the loss.
With properly funded accounts they can be profitable while using the same trading strategy.
Who does agree?
Členem od Jun 23, 2020
34 příspěvků
Oct 14, 2020 at 11:39
Start small, but enough that can actually give your trading a thrust.
Členem od Jul 23, 2020
759 příspěvků
Oct 28, 2020 at 13:58
Michihito posted:You are right. Trading psychology is also important in live trading where trader face all kind of negative emotion.
Initially 100/200$ is enough. But before going into live trading one needs to develop a system. A system that includes everything. Trade entry and exit policy, money management and risk management policy, good winning percentage and good risk and reward ratio.
Členem od Jul 20, 2020
298 příspěvků
Oct 29, 2020 at 01:24
First, you have to do demo trading. In addition to demo trading, you need to do a lot of research on information and market conditions. Properly learn how to manage money and maintain risk rewards. As a new trader, if these strategies are followed properly, successful trading is possible.
Členem od Oct 01, 2020
49 příspěvků
Nov 20, 2020 at 06:04
You better start small. It is the only way that will save you from potential risks.
Členem od Jul 22, 2019
17 příspěvků
Dec 01, 2020 at 12:09
Small amount is good start with but not so low as $5. put atleast $100 into it if you want some output.
Členem od Apr 15, 2020
219 příspěvků
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.
Členem od May 11, 2020
74 příspěvků
Dec 07, 2020 at 11:31
VirgoG posted: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
Small amount is good start with but not so low as $5. put atleast $100 into it if you want some output.
Členem od Sep 23, 2020
42 příspěvků
Dec 07, 2020 at 11:32
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.
Členem od Nov 17, 2020
23 příspěvků
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.
Členem od Dec 21, 2020
17 příspěvků
Dec 30, 2020 at 08:04
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.
