Forex Amount
forex_trader_795593
Mitglied seit Oct 09, 2019
32 Posts
Jan 20, 2020 at 05:35
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.
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.
Jan 20, 2020 at 12:03
fancydandy posted:I agree with you. Even I think that the first step after one’s done with the learning part, should be using a demo account. That makes one aware of the practicality of this field, which is a great help when one starts with a real account to trade.
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.
Jan 24, 2020 at 07:50
Betty_60 posted:True, going slow and consistent will only make one win
I agree, practice and learning are quite important. As far as the trading amount is concerned, I think every beginner should start with a low capital and then gradually give it a rise. Starting with a rush is of no use.
Jan 30, 2020 at 10:36
fancydandy posted:That sounds really reasonable. I have to agree with you on this!
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.
Mitglied seit Feb 22, 2011
4862 Posts
Jan 30, 2020 at 13:06
Roberto21 posted:A lot of traders starts with like $1,000
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.
with expectations to make enough for living
obviously it leads to over trading
which leads to loss
which leads either to new deposit of 1,000 and loss
or leaving forex completely
It is possible to trade with 1,000 or even $100 but you can't expect to make enough for living
Feb 07, 2020 at 14:38
I assume we can make something like your few thousands deposit with that matter. I do hope you already set it out to make it cause it clearly doesn't possible to make it bigger no matter how bad do you want it. Say big thanks for that.
Feb 09, 2020 at 22:07
Roberto21 posted:Everything between $500 and $1000 is fine.
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.
momchil_slavov@
Feb 16, 2020 at 10:00
It seems to me that with an account less than 1000 you have nothing to do here at all, because you will be constantly worried about a small free margin left or you will be limited to a small number of deals - it is not interesting at all plus it does not bring much money.
forex_trader_745947
Mitglied seit Jul 08, 2019
57 Posts
Feb 16, 2020 at 17:21
If a trader trades on real account over 1 year the trader will understand himself how much deposit is suitable for him.
Feb 18, 2020 at 19:58
it all depends on your abilities, of course, but I tried for a long time with small amounts of money and it did not work once I increased the capital to several thousand - the dynamics went immediately and was able to maintain stable statistics
Feb 26, 2020 at 06:37
Different investment strategies require different initial investment levels.
A low risk trend trader might be able to trade with $100.00 using 0.01 lot sizes, even less if it's a cent account.
A high risk coin toss trader who is always in and is using a Martingale gambling strategy to increase the lot size on each new trade, will absolutely need a considerably larger initial investment,
Never trade with money you cannot afford to lose. If losing $1000.00 will cause ANY negative consequences in your life, then perhaps it is unwise to invest $1000.00.
What investment level worked best on your demo account?
Only you can determine what will work best for your trading with a Live account.
A low risk trend trader might be able to trade with $100.00 using 0.01 lot sizes, even less if it's a cent account.
A high risk coin toss trader who is always in and is using a Martingale gambling strategy to increase the lot size on each new trade, will absolutely need a considerably larger initial investment,
Never trade with money you cannot afford to lose. If losing $1000.00 will cause ANY negative consequences in your life, then perhaps it is unwise to invest $1000.00.
What investment level worked best on your demo account?
Only you can determine what will work best for your trading with a Live account.
If you want to be profitable, make profitable trades.
Mitglied seit Feb 12, 2020
14 Posts
Feb 26, 2020 at 11:58
fancydandy posted:I think so too
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.
