How well do you think i should manage 300$ ?

I am a newbie who has learnt most of the basics of FX trading , i want to go live and my starting is only 300 $ , how well do you think or what will be your possible best way i should manage this amount. Counting on your wonderful suggestions .
Thank you

If you have a concrete trading system with low risk then you shouldn't have a problem. What strategy(ies) are you using?

Hello,

Wise and strictest risk management is the only key to success in Forex trading.

If you want to trade manually, then you must be watching your computer screen for price movements during trading hours. If you do not do so, then you have high chances of losing money!

In manual trading, we would suggest you initially trade only micro lots (0.01 L) until you get enough experience in your manual trading style.

If you would like to use our trading signals, please check our latest posting at this link:

https://www.myfxbook.com/community/new-traders/free-trading-signals-from-real/646404,1

If you would like our assistance in trading your capital, please check our program and campaign at this link:

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Thank you.

Wishing you all the best!

@Curan, i will be using purely Price Action and candlestick to execute mu trades

Being new to trading I would recommend you to open to accounts

1. Real - 300$
2. Demo - 300$

Work on demo account and tryout different basic techniques such as reading candlestick patterns, trendlines, fibonacci etc.

Once you feel comfortable about a trade, execute it on demo first and then on real account.

Try to put smaller trades and gain small pips in earlier stages as it is a smaller amount and you do not want to blow it up all.

I hope this is helpful to you.

comextradingllc posted:

'If you want to trade manually, then you must be watching your computer screen for price movements during trading hours. If you do not do so, then you have high chances of losing money!'

=> Stick to the screen is the best way to loose quick and fast as you will want to change your trading plan 10 times while your order is currently open. Guessing where will candlesticks close is the best way to suffer watching screen.

Rule number1: Never trust anyone that provides advises and then promote in the same message to subscribe to his own signals.

If you do apply this... you will save a lot of money!

With $300 it's hard to make decent money unless your risk management skills are sacrificed.

Use micro lots and do not trade more than 0.01 lots per trade. Ignore the $ amount when looking at positions and judge your performance by pips.

Regards
Steve.

CrazyTrader posted:

comextradingllc posted:

'If you want to trade manually, then you must be watching your computer screen for price movements during trading hours. If you do not do so, then you have high chances of losing money!'

=> Stick to the screen is the best way to loose quick and fast as you will want to change your trading plan 10 times while your order is currently open. Guessing where will candlesticks close is the best way to suffer watching screen.

Rule number1: Never trust anyone that provides advises and then promote in the same message to subscribe to his own signals.

If you do apply this... you will save a lot of money!

CrazyTrader , thank you soo much for the advise

Hello CrazyTrader,

We believe the best thing to do is not to give advice or help to anybody.

Let each Forex trader find his success through trial and errors.

But we are sure there are optimistic traders out there who can easily see a good offer or opportunity.

Best wishes!

My first recomendation never risk more than a 2% in ur trades. NEVER ¡¡¡¡¡

sgbdis posted:
With $300 it's hard to make decent money unless your risk management skills are sacrificed.

Use micro lots and do not trade more than 0.01 lots per trade. Ignore the $ amount when looking at positions and judge your performance by pips.

Regards
Steve.

Very good advice. Cheers!

comextradingllc posted:
No manual trading can compete with automated trading by intelligent robots. Manual trading is influenced by human emotions, whereas robots have no emotions and can take a 'calculated decision' at any moment.
Best wishes!

If these robots were so intelligent, there would not be anyone here on this forum trying to find out how to make money!

optimofx posted:
My first recomendation never risk more than a 2% in ur trades. NEVER ¡¡¡¡¡

I'd say this advice is way to useless already. 2% of account per trade it is like 6$ in this case. How do you plan to make money with this risk. The only way is to open like 5-7 trades, but it will harm even more than risking over 2%.
 

optimofx posted:
My first recomendation never risk more than a 2% in ur trades. NEVER ¡¡¡¡¡

This will lead to a low but stable profit. Congratulations!

It doesn't matter if you start with $300 or $300 000. You need to create a trading plan that you will follow. Define how you observe markets, how you identify possible entry opportunities, where you place orders and how you calculate TP and SL. Risk constant % of your total capital.
What matters is consistency and %. Due to compounding effect your returns from every trade in $ will increase/decrease very quickly.

Manage $300?

First, Choose the best leverage for $300. 1 : 500 - 1 : 2000 is the best for this amount.
Second, Choose the best lot size to trade. 0.03 - 0.05 lot is the best for this amount.
Third, Dont open a lot of trade. 1 - 2 is enough.

wish you success brother.

with 300$, I think that the cent account of exness or nano account of alpari is suitable for you. You gonna have a 30.000 USC to trade. It will be better for you :)

It's possible to buy our EA,

Then deposit rest of the money.

I have live account which where made for test
start capital only $100

Check out :