Jan 18 2020 at 17:04
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.
Jan 20 2020 at 05:35
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.
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.
fancydandy posted:I agree with you. Even I think that the first step after one’s done with the learning part, should be using a demo account. That makes one aware of the practicality of this field, which is a great help when one starts with a real account to trade.
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.
First step has to be demo. Forex is so complex that it needs a lot of practice. Even learning how to use the Meta trader platform is hard enough
Roberto21 posted:I agree, practice and learning are quite important. As far as the trading amount is concerned, I think every beginner should start with a low capital and then gradually give it a rise. Starting with a rush is of no use.
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.
Betty_60 posted:True, going slow and consistent will only make one win
I agree, practice and learning are quite important. As far as the trading amount is concerned, I think every beginner should start with a low capital and then gradually give it a rise. Starting with a rush is of no use.
Minimum amount as some people already said it's some minimum deposit on so many levels out there that I really can't go on with that matter anyway. How else we can go for that matter anyway? Can we check it out? Be sure to make it.
fancydandy posted:That sounds really reasonable. I have to agree with you on this!
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.
Jan 30 2020 at 13:06
Roberto21 posted:A lot of traders starts with like $1,000
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.
with expectations to make enough for living
obviously it leads to over trading
which leads to loss
which leads either to new deposit of 1,000 and loss
or leaving forex completely
It is possible to trade with 1,000 or even $100 but you can't expect to make enough for living
I assume we can make something like your few thousands deposit with that matter. I do hope you already set it out to make it cause it clearly doesn't possible to make it bigger no matter how bad do you want it. Say big thanks for that.
Feb 09 2020 at 22:07
Roberto21 posted:Everything between $500 and $1000 is fine.
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.
That could be a hundred dollars - if you know how to work - the amount is not so important. It's only important if you're counting on a specific financial result.
It's as simple as that:
- assess your capabilities
- decided on the final result (monthly income).
- go ahead!!!
- assess your capabilities
- decided on the final result (monthly income).
- go ahead!!!
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.
Feb 16 2020 at 17:21
If a trader trades on real account over 1 year the trader will understand himself how much deposit is suitable for him.
It all depends on how much you want to earn plus it's worth calculating how much in percentages you manage to earn in a month - based on that you'll understand the sum total.
it all depends on your abilities, of course, but I tried for a long time with small amounts of money and it did not work once I increased the capital to several thousand - the dynamics went immediately and was able to maintain stable statistics
As much as you think you can risk. Always separate the amount from what is required for your livelihood.
Better to decide that yourself depending on your risk tolerance levels. An amount may be big for one trader and small for another, so you should yourself decide.
Feb 25 2020 at 19:25
The more the better - but only if you understand what you're doing and channel your capital in the right direction.
