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Forex Amount
Uczestnik z Apr 18, 2017
718 postów
Feb 29, 2020 at 10:54
Uczestnik z Apr 18, 2017
718 postów
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!
Mar 02, 2020 at 19:42
Uczestnik z Jan 05, 2020
35 postów
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.
Uczestnik z Mar 03, 2020
11 postów
Mar 03, 2020 at 14:46
Uczestnik z Mar 03, 2020
11 postów
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.
Mar 04, 2020 at 05:13
Uczestnik z May 31, 2019
12 postów
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!
Uczestnik z Feb 11, 2020
14 postów
Mar 04, 2020 at 10:25
Uczestnik z Feb 11, 2020
14 postów
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.
Mar 04, 2020 at 11:34
Uczestnik z Oct 07, 2019
47 postów
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.
Uczestnik z Feb 22, 2011
4862 postów
Mar 04, 2020 at 11:53
Uczestnik z Feb 22, 2011
4862 postów
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 $50? or could i put any amount i want just for check?
thx.
Uczestnik z Nov 06, 2018
83 postów
Mar 06, 2020 at 15:40
Uczestnik z Nov 06, 2018
83 postów
Roberto21 posted:
which amount is more appropriate for new Forex trader , it depends on how much basic knowledge he acquired including practicing, if any newcomer go thorough all basic level of trading with live experience for 6 month , i think he has the capability to reduce unfortunate losses and risk.
Depends on your bank roll. How much can you afford to potentially lose?
Uczestnik z Jul 19, 2020
298 postów
Sep 04, 2020 at 07:24
Uczestnik z Jul 19, 2020
298 postów
Initially 100/200$ 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.
Uczestnik z Feb 22, 2011
4862 postów
Sep 04, 2020 at 08:22
Uczestnik z Feb 22, 2011
4862 postów
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?
Uczestnik z Jul 23, 2020
759 postów
Oct 28, 2020 at 13:58
Uczestnik z Jul 23, 2020
759 postów
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.
Uczestnik z Jul 20, 2020
298 postów
Oct 29, 2020 at 01:24
Uczestnik z Jul 20, 2020
298 postów
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.
Uczestnik z Oct 01, 2020
49 postów
Uczestnik z Apr 15, 2020
219 postów
Dec 07, 2020 at 09:41
Uczestnik z Apr 15, 2020
219 postów
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.
Dec 07, 2020 at 11:31
Uczestnik z May 11, 2020
83 postów
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.
Dec 07, 2020 at 11:32
Uczestnik z Sep 23, 2020
42 postów
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.
Uczestnik z Nov 17, 2020
23 postów
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