May 07 at 16:30
Start with $0 . Use a demo first. By the time you get that to work you will understand forex and will know how much you want to deposit
May 08 at 13:37
In currency trading, with a small deposit you may begin trading. Leverage gives the trader the capability to exchange with little balance. Once you start to make regular profit, you can deposit big amount.
Jun 11 at 05:13
Thank you for sharing this information here. I have seen a lot of newbies struggling with the amount of capital required to start their forex journey, this will certainly help them.
Jun 30 at 05:53
If you are a complete beginner for forex, then go with very little investments like $10 to 30$ and also make sure to keep your leverage as low as possible like 1:10 or 1:20. Else if you know how trading works and want to make some good returns, you can start with investments like $100 dollars until you feel confident to invest more.
Jun 30 at 11:04
@williearnold With 10$ capital and 1:10 or 1:20 leverage trading is not possible. To open a .01 lot, it requires 1000$. So 10$ (capital×10(leverage)=100$. Initially a newbie can do trade with 100$+ investment to learn proper money and risk management.
Jun 30 at 16:40
UweMoench posted:
In currency trading, with a small deposit you may begin trading. Leverage gives the trader the capability to exchange with little balance. Once you start to make regular profit, you can deposit big amount.
Yes. You can go ahead with trading with small deposits, it will develop knowledge. And from that experience I will be able to trade with big investment.
Jul 01 at 12:20
williearnold posted:
If you are a complete beginner for forex, then go with very little investments like $10 to 30$ and also make sure to keep your leverage as low as possible like 1:10 or 1:20. Else if you know how trading works and want to make some good returns, you can start with investments like $100 dollars until you feel confident to invest more.
Every beginner should make a good plan to make money from this market.
Jul 08 at 07:40
There is no minimum or maximum amount when you start trading. It all depends on your capacity to bear loss and encounter risk. You can also take experience by using a demo account.
Jul 08 at 11:42
I do not think there is a good or wrong answer to your question. In the beginning it is better to start small, and take little steps so as to learn while minimising your risks. I also suggest starting off with a demo account at first. It helped me a lot as I understood some tricks of the trade. At the end of the day it also depends on how much losses you feel okay with bearing, and how much risks you are willing to take. In my case I like to be quite careful.
Jul 08 at 13:25
there is no fix number, one should invest as much as he can afford to lose.
