Oct 04 2021 at 13:05
Cordardred posted:Well, managing risk requires good investment. Which will help me make a profit on my account.
I believe that it is better to start with $5000-$10,000 in order to understand the principles of trading, risk and money management and psychology. Surely, it depends whether you can afford such sum of money without going in debt, but if you can and if you want to devote your life to trading, you'd better start with such sum of money.
Oct 05 2021 at 07:09
AliaDare posted:Cordardred posted:Well, managing risk requires good investment. Which will help me make a profit on my account.
I believe that it is better to start with $5000-$10,000 in order to understand the principles of trading, risk and money management and psychology. Surely, it depends whether you can afford such sum of money without going in debt, but if you can and if you want to devote your life to trading, you'd better start with such sum of money.
Completely agree, like if you risk 1% of your account and you have 1000 in your account you would need to lose a lot of trades without winning one. It is key to let variance have some room and then you can focus completely on nailing down your entries and all the other important things. It is so key to make sure you're comfortable in a trade that when it goes into DD you are not getting nervous at the red number. It is a skill to learn but can definitely be learned
Oct 05 2021 at 08:12
The higher the amount, greater is the profit. But for beginners, a minimum of $100 is enough.
Oct 05 2021 at 14:08
CraigMcG2020 posted:The better my investment, the better my risk management.AliaDare posted:Cordardred posted:Well, managing risk requires good investment. Which will help me make a profit on my account.
I believe that it is better to start with $5000-$10,000 in order to understand the principles of trading, risk and money management and psychology. Surely, it depends whether you can afford such sum of money without going in debt, but if you can and if you want to devote your life to trading, you'd better start with such sum of money.
Completely agree, like if you risk 1% of your account and you have 1000 in your account you would need to lose a lot of trades without winning one. It is key to let variance have some room and then you can focus completely on nailing down your entries and all the other important things. It is so key to make sure you're comfortable in a trade that when it goes into DD you are not getting nervous at the red number. It is a skill to learn but can definitely be learned
Oct 05 2021 at 14:17
What you can afford to lose is my opinion. I think this will help deal with the loss aspect of trading.
If you can't spot the liquidity then you are the liquidity.
Oct 05 2021 at 15:18
In the beginning don't invest too much money. Few 100 bucks is enough. Even lower than that. Once you start making money on consistent basis you can invest big amount.
Oct 09 2021 at 19:08
Most financial planners advise saving between 10% and 15% of your annual income. A savings goal of $500 amount a month amounts to 12% of your income, which is considered an appropriate amount for your income level.
Oct 12 2021 at 07:16
The investment must be reasonable, and you must understand that the amount you are investing is likely to be lost.
Oct 12 2021 at 08:04
Another point would be that it must be an amount that allows for sensible risk management. If your account is too small to allow you take a 1% risk then wait until you have more disposable income to start with.
If you can't spot the liquidity then you are the liquidity.
Oct 12 2021 at 12:56
when I just started working, I made the minimum, when I got to know the broker better, I gradually increase my capital, everything is going well
Oct 12 2021 at 13:01
I believe that the amount of investment depends solely on the trader himself. Definitely, you need to choose the optimal size in order not to get a loss
Oct 12 2021 at 17:26
Depends on how much you want to invest. If you'd prefer to start small, you could open an account with a broker that only requires a $10 deposit or so and deposit more money later on or build on that. On the other hand, you could deposit hundreds or thousands if you're very confident. I think the most important rule is not to go into debt when it comes to depositing in your trading account, meaning that you shouldn't borrow money or take out a loan, and to only invest money that isn't designated for important things like groceries or bills. That will help you avoid going into debt from trading and if you do lose money you won't have to scramble to pay it back.
Oct 17 2021 at 10:38
in general, your profit will depend on your capital with which you will work, so it is worth investing more
Oct 18 2021 at 08:47
Oh, you can invest $100 or $1000 or $100000. Everything depends on your own finance, your knowledges, and your time. Yeah, time is really important. Because you need a lot of time for forex. you need to trade, constantly monitor the market and so on. So think about it.
Oct 18 2021 at 12:45
I started with a small amount because I wasn’t 100% confident and didn’t want to lose a large amount of money if it turned out that I wasn’t good at it. Later on, I deposited a lot more once I saw good results.
Oct 19 2021 at 07:11
HeavLeighGill26 posted:
I started with a small amount because I wasn’t 100% confident and didn’t want to lose a large amount of money if it turned out that I wasn’t good at it. Later on, I deposited a lot more once I saw good results.
thats the way to go for sure. Like you need to be comfortable with the amount you lose on each trade other wise you will intervene on a good trade or cut a trade going well because the amount is more than you expected
Oct 19 2021 at 10:08
More capital the better for real returns especially when trying to make 1-3% gains a week. But understandably hard to get enough capital for most people. Bit of a catch 22, those with more capital will find it easier to make profit off of it.
Winning...
Oct 19 2021 at 11:09
It's usually said that more the capital, more is the profit. It's true but I believe beginners should always start with a micro account.
Oct 19 2021 at 13:38
I believe that investing a large amount at once is not entirely correct, it is better to invest in parts.
Oct 19 2021 at 23:24
I think better keep obey rules investing money in risky business, just spent money that affords to lose, if still beginner they can start small use the micro account, and intermediate trader they can using bigger capital using STP account, a different trader has the different level skill, so make sure when you already spent big money, get supported by your skill, so it not waste money, but if still often worse in trading work, don't spent to big money because riskier
