Forex Amount
Biedrs kopš
718 ieraksti
Feb 29, 2020 at 10:54
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!
Biedrs kopš
35 ieraksti
Mar 02, 2020 at 19:42
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.
Biedrs kopš
11 ieraksti
Mar 03, 2020 at 14:46
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.
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.
Biedrs kopš
12 ieraksti
Mar 04, 2020 at 05:13
AmDiab posted:knowledge is the powerhouse, this is absolutely true, but you need capital ultimately to make more money.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!
Biedrs kopš
14 ieraksti
Mar 04, 2020 at 10:25
Roberto21 posted:For a beginner, a demo account is best.
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.
Biedrs kopš
47 ieraksti
Mar 04, 2020 at 11:34
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.
Biedrs kopš
4862 ieraksti
Mar 04, 2020 at 11:53
MP_89 posted:Nope, use normal amount like $1,000 for demofancydandy 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 $50? or could i put any amount i want just for check?
thx.
Biedrs kopš
83 ieraksti
Mar 06, 2020 at 15:40
Roberto21 posted:
which amount is more appropriate for new Forex trader , it depends on how much basic knowledge he acquired including practicing, if any newcomer go thorough all basic level of trading with live experience for 6 month , i think he has the capability to reduce unfortunate losses and risk.
Depends on your bank roll. How much can you afford to potentially lose?
Biedrs kopš
298 ieraksti
Sep 04, 2020 at 07:24
Initially 100/200$ 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.
Biedrs kopš
4862 ieraksti
Sep 04, 2020 at 08:22
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?
Biedrs kopš
34 ieraksti
Oct 14, 2020 at 11:39
Start small, but enough that can actually give your trading a thrust.
Biedrs kopš
759 ieraksti
Oct 28, 2020 at 13:58
Michihito posted:You are right. Trading psychology is also important in live trading where trader face all kind of negative emotion.
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.
Biedrs kopš
298 ieraksti
Oct 29, 2020 at 01:24
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.
Biedrs kopš
49 ieraksti
Nov 20, 2020 at 06:04
You better start small. It is the only way that will save you from potential risks.
Biedrs kopš
17 ieraksti
Dec 01, 2020 at 12:09
Small amount is good start with but not so low as $5. put atleast $100 into it if you want some output.
Biedrs kopš
219 ieraksti
Dec 07, 2020 at 09:41
Forex is a very vast and complex field. Spending 6 months on a demo account does not guarantee that you won’t have losses in the future. Regular practice and learning is quite important. When you for a long time you automatically understand your trading strategy and start to gain profit. As far as money is concerned, do trade with positive emotions because sometimes emotions interrupt your decision and you land with making losses. Initially start with a small amount and after getting experience increase the amount in order to make large profit.
The more your practice, the more you learn.
Biedrs kopš
74 ieraksti
Dec 07, 2020 at 11:31
VirgoG posted:Agree! But if you are not that serious when it comes to forex trading, then it is better to deposit as low as you can. But if you want to make a good profitable return, then $100 seems viable option for that
Small amount is good start with but not so low as $5. put atleast $100 into it if you want some output.
Biedrs kopš
42 ieraksti
Dec 07, 2020 at 11:32
VirgoG posted:
Small amount is good start with but not so low as $5. put atleast $100 into it if you want some output.
I agree. Though amount must be such that one can afford to lose, but not too small too that i can't obtain enough idea from trading it too.
Biedrs kopš
23 ieraksti
Dec 30, 2020 at 04:03
Well, if you are thinking about micro accounts, a small amount as low as $5 would be okay but for a different account, you can go a little higher.
Biedrs kopš
17 ieraksti
Dec 30, 2020 at 08:04
I think we should start with that much amount which we can afford to lose. So its more of a subjective thing rather than defining a range or something. For example, for me starting with $100 sounds reasonable.
