Vivek Nair
(viiveknaiir)
Uczestnik z Feb 22, 2021
3 postów
Mar 03 2021 at 08:28
The million dollar question in forex trading - How much should I start with in forex trading. Technically you can start with as little $5 USD. Yes you heard it right & no limit to upside. But with $5 USD do not expect some fireworks. There is no one straight answer to what's the ideal amount to invest in forex trading. It depends on quite a few factors which we will be getting into right away.
The first factor to consider is this, how much money are you willing to lose. if its $10, $1000 or more. Whatever that amount is is the amount you should consider investing. Second thing is understanding that the higher amount you have in your trading account, the lesser is the risk and there is higher possibility of making gradual returns on your account provided you trade sanely.
Let me explain to you how this works. Lets say you are aiming to make a $100 per week. Now if you invest just a $100, you are aiming to make 100% return per week which can end up in high risk trading.
But if you start with $1000 & aim to make $100 per week, that is still a much lower risk as now you are aiming to make just a 10% of the account. Thirdly, enough money on your account allows you to keep your trades running for longer in case you are on a wrong position, this way you can actually wait for the trades to come back into your favor. These are the important pointers to consider while thinking about how much to invest in trading.
The first factor to consider is this, how much money are you willing to lose. if its $10, $1000 or more. Whatever that amount is is the amount you should consider investing. Second thing is understanding that the higher amount you have in your trading account, the lesser is the risk and there is higher possibility of making gradual returns on your account provided you trade sanely.
Let me explain to you how this works. Lets say you are aiming to make a $100 per week. Now if you invest just a $100, you are aiming to make 100% return per week which can end up in high risk trading.
But if you start with $1000 & aim to make $100 per week, that is still a much lower risk as now you are aiming to make just a 10% of the account. Thirdly, enough money on your account allows you to keep your trades running for longer in case you are on a wrong position, this way you can actually wait for the trades to come back into your favor. These are the important pointers to consider while thinking about how much to invest in trading.
Trading is a business, not a casino. As a trader, you are a businessman, not a gambler.
oshaban
(oshaban)
Uczestnik z Sep 16, 2009
190 postów
Mar 03 2021 at 09:06
I have different way to find the right answer for such question ...
I believe that to start trading, a good start of 10% of your total capital that you can lose in the worst case. May be max 15%.
You shouldn't think about how much you want to earn at the end of the month because this will lead you to either to increase the trading risk or the start up investment to achieve your goal.
By time, you will increase your capital in steps. Once you achieve your monthly target, then you can start withdrawals. The less withdrawal with lowering your risk is the best for your long term investment.
Important point that most of traders neglect, it's the trader psychology and his self control in trading. Once you overcome on this, mostly, there will be no limit for your success.
I believe that to start trading, a good start of 10% of your total capital that you can lose in the worst case. May be max 15%.
You shouldn't think about how much you want to earn at the end of the month because this will lead you to either to increase the trading risk or the start up investment to achieve your goal.
By time, you will increase your capital in steps. Once you achieve your monthly target, then you can start withdrawals. The less withdrawal with lowering your risk is the best for your long term investment.
Important point that most of traders neglect, it's the trader psychology and his self control in trading. Once you overcome on this, mostly, there will be no limit for your success.
... oshaban ... skype: oshaban27 ...
miltonmckinney
Uczestnik z Dec 21, 2020
12 postów
Mar 23 2021 at 05:14
I think that will depend on the trading and how much capital they have and are willing to invest.
mattslater
Uczestnik z Dec 30, 2020
11 postów
Mar 26 2021 at 05:28
This is quite informative and I’m glad you decided to share this insight here.
Unellene
Uczestnik z Aug 01, 2021
283 postów
Sep 08 2021 at 12:36
as soon as I start working with some new broker, I try to deposit at a minimum, in order to understand for a start how the broker itself works
Williamfreed
Uczestnik z Aug 10, 2021
176 postów
Sep 10 2021 at 01:09
Forex is a business where no limit of maximum invest and you can invest as much money as you like but always remember at the beginning of your trading you must start trading with low money.
BrokerChoice
(ChanKaiTai)
Uczestnik z Aug 13, 2021
43 postów
Sep 10 2021 at 03:16
I agree... It is not always the question of 'how much should I invest' since there is no way your capital is big enough to influence the market price ( if not you will not be talking with us in this forum)... it is always the question of 'How much am I willing to lose'...
The most important thing is you have to control the leverage and the margin. Play safe with good SL and TP..
The most important thing is you have to control the leverage and the margin. Play safe with good SL and TP..
I believe that people have to start from any sum of money actually. There is no difference, if you want to start from 100$, then you can start from this sum, remember that you should check the conditions on depositing from your broker. If you have 1000$ and moremoney, then you can also start from it. The logic is pretty easy, the more money you invest, the more potential income you acquire. Moreover, there are some other factors which affect your potential income, remember that you also are able to lose all this money, be ready for this and never give up, because once you give up you get nothing but negative emotions and stress.
marindateal
Uczestnik z Jun 14, 2021
53 postów
Sep 17 2021 at 12:09
This is some really good advice. I wish i had someone like you during my novice forex years , i would have surely made some good amount during the initial phase of the forex trading career. But i would like to ask what if that trader cannot afford $1000, would you suggest they leverage it?
skihav
Uczestnik z Sep 05, 2021
801 postów
Sep 17 2021 at 17:52
When I started working with a broker I invested a minimum amount of $ 100. As for me, this is the optimal size of the first investment for a beginner.
CraigMcG2020
Uczestnik z Jul 20, 2020
399 postów
Sep 22 2021 at 06:52
Completely up to you based on two things-one how much you can afford to lose and two your risk appetite starting off. You need to be able to sit comfortably in drawdown without getting nervous or closing your position early
jonathandaniel
Uczestnik z Feb 20, 2021
53 postów
Sep 23 2021 at 07:11
There is no limit to how much you can trade with other than your broker’s requirements. But yes, you must always start small when you are going live. You can choose an amount that you find suitable for trading as per the risk you wish to take.
karenpeters
Uczestnik z Jun 17, 2021
46 postów
Sep 24 2021 at 04:16
You must always invest what you are comfortable risking because there is no limit to how much it should be. If your broker allows, you can trade with as low as $5 because the beginning of your trading career would be full of mistakes and losses that you must take lessons from.
Akasuki
Uczestnik z Mar 28, 2021
617 postów
Oct 04 2021 at 12:19
Initially it's good to invest low amount. How much is the low amount varies person to person. To some 100 may be little amount but for some 500 seems low.
SteveHanks
Uczestnik z Mar 17, 2021
536 postów
Oct 06 2021 at 17:46
Before investing any money, you need to learn all the basics of forex properly.
Unellene
Uczestnik z Aug 01, 2021
283 postów
Oct 17 2021 at 10:57
it all depends on your confidence, it is not worth investing a lot if you are just starting your way in forex
LukeRachel
Uczestnik z Mar 16, 2021
477 postów
Oct 18 2021 at 01:32
Forex market is risky but if I want to survive in this situation I have to work with good investment. If the trader does not maintain risk, it will not be possible to survive in trading.
Seb King
(sebking1986)
Uczestnik z Apr 09, 2019
538 postów
Oct 18 2021 at 14:18
In short what you can afford to lose but with that comes the stipulation that the amount you can afford to lose allows you to trade with proper risk management with the smallest lot size you can use (so 0.01 on standard accounts). If you are not able to do this then keep your powder dry and stay on demo until you can.
If you can't spot the liquidity then you are the liquidity.
skihav
Uczestnik z Sep 05, 2021
801 postów
Oct 18 2021 at 16:38
I believe that you need to start with minimal amounts. As for me, this option will be the most correct.