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Learning Forex Trading

Ari Goldman (arigoldman)
Sep 12 2015 at 18:05
907 Posts
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.

kieran (snapdragon1970)
Sep 13 2015 at 06:05
1945 Posts
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".
Sep 15 2015 at 10:03
12 Posts
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.

kieran (snapdragon1970)
Sep 15 2015 at 20:11
1945 Posts
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".
Nov 05 2015 at 07:41
11 Posts
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)

Nov 10 2015 at 08:21
12 Posts
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.

vontogr (togr)
Nov 10 2015 at 09:07
4862 Posts
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.

Pepen Supendi (Pepen_supendi)
Nov 12 2015 at 08:30
8 Posts
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...

kieran (snapdragon1970)
Nov 12 2015 at 13:44
1945 Posts
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".
Break Forex (breakforex)
Nov 16 2015 at 11:47
43 Posts
20 pips daily at Leverage 1 will get you 40% annually. Leverage may be unnecessary!

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