Exactly. How much amount you want to start with is totally up to you as it depends more on your financial position.Plus whatever you feel is reasonable would be a good idea as long as its not too risky. Apart from deciding on the amount, you must have a risk management strategy in mind to avoid losses.
I think that even a few hundred or a thousand dollars can be a normal start for a novice trader. There is still a lot to be done here, depending on how much you want to earn through trading, whether you want to make it your main source of income or an extra income and you want to spend only some time with. Even with the same capital, but with different levels of employment, you can make different profits. In addition, we all listened to stories about how someone managed to open a large-scale business, when he had several thousand. And someone had millions, but could not hold them in their hands. I'm convinced that much depends on you.
The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.
I don't know if there's any minimum limit to start trading. Another thing is that the amount should be properly divided into parts, with the help of which you can secure yourself or can use several assets at once. Each of us knows that even a million may not be saved if you do not know the basic rules and laws of the market. So, in any case, I would recommend that you first learn how to do it, and then make a decision about the initial capital.
bigger contain confidence to set risk valuation portfolio and so, you can stay away far from, zero capital even if you are hunger to chase big profit, by raise the lot per trade. while small, make the progress turn to small only. you has no much flexibility to manage valuation especially into big.
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.
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