Forex Amount

The amount isn’t the big issue in trading. Knowledge is the most important fact.

Initially it's not a good idea to invest a lot of money. 100$ to 500$ is okay. Once you learn how to make consistent profit, you are good to go with big investment.

I think $500 is a really good starting point. Best thing here is my broker offers a 50% deposit bonus on that. In my opinion, anything below it is a little too low of a capital for you to trade with. Just increase it by increments if you get more experienced in trading.

VirgoG posted:
Small amount is good start with but not so low as $5. put atleast $100 into it if you want some output.

Starting with the small is the best option for every new trader.

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.    

It can take any amount of time to be honest. You need to develop a strategy first, which could take months/years.

There is no strict sum of money which you need in order to start trading actually. The matter here is that you can earn money even if you don't have huge sums. Of course, here the most part depends on the broker, because the vast majority of brokers make a special restriction on minimum deposit. I guess you have to pay attention to those ones which offer 100$+ minimum deposit, because such brokers as a rule can't be scammers. There are lots of scammers i the internet and you should avoid them by any ways. If you don't know how to do it, then you can read this information somewhere, for example here.

PeteLanceley posted:

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.    

It can take any amount of time to be honest. You need to develop a strategy first, which could take months/years.

So true, so many rush into trading and dont do their due diligence. If you take your time and grow a strategy and support network you can then move to the level of actually trading and leverage etc imo

Better for small account trading education. Knowledge can be gained through investment by making a cent account here.

It is really hard to say the exact amount of money which would make trading for a newbie safe and efficient because everyone should have their personal amount of money which he or she is ready to sacrifice for the sake of learning and mastering trading. I still think that it is better to start with demo account. Surely, we all know that demo trading will never teach anybody to be a success on the market, but first of all, a newbie should master the trading platform in order to be able to implement the knowledge on practice. When a trader knows how to use the trading platform fast and efficiently, he can start trading small lots in order to master trading itself.

A trader should start with an amount that is small enough to be liquidated if the trader experiences a string of losses. Before trading, a trader should learn and understand the principle of risk management. This will give the trader the ability to calculate their risk level before trading and use it as a guide to determine the amount of cash they feel comfortable starting out with.