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Forex Amount

Landakus
Feb 25 2020 at 19:44
posts 24
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.

ufotech (ufotech)
Feb 26 2020 at 06:37
posts 35
Different investment strategies require different initial investment levels.

A low risk trend trader might be able to trade with $100.00 using 0.01 lot sizes, even less if it's a cent account.

A high risk coin toss trader who is always in and is using a Martingale gambling strategy to increase the lot size on each new trade, will absolutely need a considerably larger initial investment,

Never trade with money you cannot afford to lose. If losing $1000.00 will cause ANY negative consequences in your life, then perhaps it is unwise to invest $1000.00.

What investment level worked best on your demo account?

Only you can determine what will work best for your trading with a Live account.


If you want to be profitable, make profitable trades.
Taeusz_1 (Taeusz1342354)
Feb 26 2020 at 11:39
posts 21
Jalath posted:
It seems to me that with an account less than 1000 you have nothing to do here at all, because you will be constantly worried about a small free margin left or you will be limited to a small number of deals - it is not interesting at all plus it does not bring much money.

I agree with you


Mariusz (Mariusz54546)
Feb 26 2020 at 11:58
posts 14
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.

I think so too


AmDiab
Feb 29 2020 at 10:54
posts 718
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!

AniLorak
Mar 02 2020 at 10:42
posts 920
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!


No way to ignore your point; but the fact is; you also need a healthy trading capital to be a satisfied Forex trader!

ufotech (ufotech)
Mar 02 2020 at 19:42
posts 35
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.
glebismailov
Mar 03 2020 at 14:46
posts 11
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.

Artemsb
Mar 04 2020 at 05:13
posts 12
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!

knowledge is the powerhouse, this is absolutely true, but you need capital ultimately to make more money.

Antero (Antero36735354)
Mar 04 2020 at 10:25
posts 14
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.    

For a beginner, a demo account is best.

MP_89
Mar 04 2020 at 11:34
posts 47
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.

vontogr (togr)
Mar 04 2020 at 11:53
posts 4862
MP_89 posted:
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.

Nope, use normal amount like $1,000 for demo

PeteLanceley
Mar 06 2020 at 15:40
posts 62
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?

Michihito
Sep 04 2020 at 07:24
posts 298
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.

vontogr (togr)
Sep 04 2020 at 08:22
posts 4862
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?

davidkew
Oct 14 2020 at 11:39
posts 34
Start small, but enough that can actually give your trading a thrust.

SofieAndreasen
Oct 28 2020 at 13:58
posts 736
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.

You are right. Trading psychology is also important in live trading where trader face all kind of negative emotion.

LeviSievwright5
Oct 29 2020 at 01:24
posts 298
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.

Lorencecolling
Nov 20 2020 at 06:04
posts 49
You better start small. It is the only way that will save you from potential risks.

Alisson332
Dec 01 2020 at 07:29
posts 23
For any beginner, it is advised not to risk a big amount. You must start small. My first trade was with $5 only.

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