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.
Dec 09 2019 at 15:15
Which broker offer real prize money for demo trading? I have not seen that. Would love to give it a go
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.
beginners try to bring profit very rapidly without learning ,
as a result when trading practically
they become loser and ultimately blame this stock market.
as a result when trading practically
they become loser and ultimately blame this stock market.
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.
Dec 25 2019 at 20:26
TheGreatRecycler posted:I think that was done in contest
Which broker offer real prize money for demo trading? I have not seen that. Would love to give it a go
Trender
For me every entrant into market should start with a demo account, that alone will help you understand how much you are willing to risk.
AniLorak posted:Johny_tr posted:
For me every entrant into market should start with a demo account, that alone will help you understand how much you are willing to risk.
That’s the proper way of start with; but traders need to open their demo with a small amount! Because, it helps to concentrate on learning!
It’s true; on the other hand, high demo amount makes greedy. When traders get 2-3 TPs but huge profit in size; then take their decision for live trading!
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.
Jan 07 2020 at 05:17
That is right
Trender
Beginner’s capital should be as low as possible or should be zero initially. Firstly, A beginner should understand the trading basics and how to use the platform or to place a trade. Trading on a demo account is the most fruitful option for a beginner. Investing big capital at initial trades is a risky decision. So, a beginner must always start with minimum capital or zero capital for their initial period.
Feb 12 2020 at 06:35
AmDiab posted:Yeah that's true,plus they think forex is a get rich quick scheme, which is their biggest mistake.steve_25 posted:
Absolutely .a beginners focus in the beginning should be more on learning the basics of forex trading rather than anything else. Starting off with a demo account is the best way as he can familiarise himself with the trading platform , its features , how to buy and sell and avoid mistakes on a real account in future. Also, demo account is a great way to test your strategies . You can put your strategy to test and see if it requires some changes to achieve your financial goal. So use a demo account for as long as you want . Once you feel confident enough , you can use a real account and demo account simultaneously to see what works how .
Thanks, that’s the procedure; basically, which traders try to make money too early they mostly, lose their real money so fast!
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