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I started with a $100 capital in my micro cents accounts. I got it from posting in a forex forum site. It's a risk free capital and it last for more than a month. If a newbie has no available funds like that he can start with $10. A much better option...less risk and less pain when you lose this amount.
Beginners in forex should never invest huge capital first they are all advice to start with the amount they are willing to lose. Most first time traders in live market lose their capital on the first day or first week of their live trading. If you can deposit $5 or $10 for cent accounts then much better.
euro / usd is too volatile for beginners. maybe you can choose the usd / chf. This pair is the opposite of the euro / usd. nearly 80% of its movement against the euro / usd. volatility is not too large. so, when the euro / usd strong, the usd / chf down ..
most beginners often get stuck into the wrong investments.Quote:
Originally Posted by iwan
they make an investment in hopes of getting a big profit.
when they themselves do not really understand the field they will use to invest. thus causing them to fail in doing so.
exactly once. investment is not necessarily with a large amount. especially for beginners, very risky at all. possible for a beginner, you do not have to deposit first in the forex market. just use the free capital of the broker. like of this insta. we can learn a lot about the forex without having to lose money at all.
well it depends on the trader.if one is ready to lose $1000 then he can invest and trade.
or a considerable amount of $100 would be good to trade.
you are right, gold trading has a higher level of risk compared with the currency. is really the price of gold tends to rise, but one day there will be a substantial correction. so, if your capital is not big, very easy to have a margin call.
It is recommended to start with a small capital first like 20USD in cent account.When the time passes and gained experience then you can invest big capital.Most important thing is learn the art of the trading.
I think beginners should not invest in forex until they start getting a consistent profit in forex demo account. Beginners are subject to haevy losses in the initial stages of their real trading so they must be so careful and they should open a cent account as their first real account.
According to my point of view I think that newbie should start from only two pairs 1. euro/usd and number 2. euro/jpy i think these two pair moves very strongly in the market and move a lot more than the other currency pairs which is very good for the newbies.Quote:
Originally Posted by forexpips