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How much should you invest in trading
Jul 08, 2021 at 11:42
เป็นสมาชิกตั้งแต่ Jul 07, 2021
41 โพสต์
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.
เป็นสมาชิกตั้งแต่ Sep 12, 2017
238 โพสต์
เป็นสมาชิกตั้งแต่ Jun 15, 2021
16 โพสต์
เป็นสมาชิกตั้งแต่ Sep 12, 2017
238 โพสต์
Jul 27, 2021 at 18:17
เป็นสมาชิกตั้งแต่ Jul 27, 2021
20 โพสต์
The author said a worthy thing, about money management that depends on account balance. I started with 5k account that was blew during several bad days. It was the beginning and it was trading without knowledge.
So... if you are a beginner, it's better to start with at least 100 usd and just get some knowledge and exp during small trades.
So... if you are a beginner, it's better to start with at least 100 usd and just get some knowledge and exp during small trades.
Sep 25, 2021 at 16:09
เป็นสมาชิกตั้งแต่ Mar 01, 2021
11 โพสต์
This question is pretty hard to answer it is a sheer subjective matter. First of all, you should understand your objectives and what you want to achieve in the forex market. If you want to make some decent profits which will allow you to make trading your full time job, then you need to have a pretty large deposit. You need to calculate how much money you need for living every month and multiply this number by 10, at least. If you want to learn how to trade properly, I believe that it is better to start with a budget of $5000-$10000. In this situation you'll learn how to control your emotions and use money and risk management and get the results which will motivate you to keep the learning going. Surely, if you don't have such money right now, you can deposit whatever sum you want, but you should take into account the facts that 1) you'll hardly earn anything tangible, 2) if you want to have good results, you have to take big risks.
Oct 04, 2021 at 13:05
เป็นสมาชิกตั้งแต่ Jul 19, 2020
788 โพสต์
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.
เป็นสมาชิกตั้งแต่ Jul 20, 2020
399 โพสต์
Oct 05, 2021 at 07:09
เป็นสมาชิกตั้งแต่ Jul 20, 2020
399 โพสต์
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
เป็นสมาชิกตั้งแต่ Jun 21, 2021
33 โพสต์
Oct 05, 2021 at 14:08
เป็นสมาชิกตั้งแต่ Jul 19, 2020
788 โพสต์
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
เป็นสมาชิกตั้งแต่ Apr 09, 2019
538 โพสต์
เป็นสมาชิกตั้งแต่ Aug 17, 2021
94 โพสต์
เป็นสมาชิกตั้งแต่ Apr 09, 2019
538 โพสต์
Oct 12, 2021 at 08:04
เป็นสมาชิกตั้งแต่ Apr 09, 2019
538 โพสต์
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.
เป็นสมาชิกตั้งแต่ Aug 05, 2021
401 โพสต์
Oct 12, 2021 at 17:26
เป็นสมาชิกตั้งแต่ Aug 05, 2021
401 โพสต์
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.
เป็นสมาชิกตั้งแต่ Apr 21, 2021
12 โพสต์
Oct 18, 2021 at 08:47
เป็นสมาชิกตั้งแต่ Apr 21, 2021
12 โพสต์
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.
เป็นสมาชิกตั้งแต่ Aug 05, 2021
401 โพสต์
เป็นสมาชิกตั้งแต่ Jul 20, 2020
399 โพสต์
Oct 19, 2021 at 07:11
เป็นสมาชิกตั้งแต่ Jul 20, 2020
399 โพสต์
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
เป็นสมาชิกตั้งแต่ Nov 06, 2019
48 โพสต์
Oct 19, 2021 at 10:08
เป็นสมาชิกตั้งแต่ Nov 06, 2019
48 โพสต์
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.
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