starting with 10$ is enough for test ..first time we must have to control our self for not to blown up the account quickly so we will think about pips gain with low volume like 0.01 or 0.03 size of lots
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starting with 10$ is enough for test ..first time we must have to control our self for not to blown up the account quickly so we will think about pips gain with low volume like 0.01 or 0.03 size of lots
as beginner, invest with amount that you will fell enjoy and ready to loss. using cent dollars and 1:1000, then trading with smallest lot with one strategy that you understood.
for the beginner should use curency USD to invest in forex, the amount not more than USD $ 100 lot maximum is 0.1 lot for all open positions do not get too many open positions and each position must be followed by the SL and TP properly, how to use SL can bear the loss, los maximum is 10% of the maximum capital, always use good money management do not open too many curency trading and always see the power of intention is trading just follow trends in trade do not open buy limit or limit cell but use the sell stop or buy stop order to secure our position.
ok very useful for beginners like me, when I first forex trading do not know how the money is good Management, I do not know how to use a lota good and good placement of the SL, so that I get is destruction on my account, because the use of the lot very largeQuote:
Originally Posted by ayusri
I think at the start of the tradings, begginers should not guess roughly writer and solon and they should only try in demo and they should not guess to wide the definitive account kinda they should try to use the cent account.
A tip for beginner you can start with 100 $ and then use real accounts with lot sizes such as 0.1 in your business. This method is safer and can give us help to maintain a stable forex trading results in reading. Now this is what he account the large one may have more profits.
Anyone starting i will advise to start with capital that they can afford to loss. Trading with $100 for a beginner is very much good too.
If you're not ready to invest any dollars in forex so you could use bonus posting forum or welcome bonus which is offered by brokers.
And the amount of capital for trading, I suggest to use about 50-100 dollars as initial investment. Don't invest more than 200 dollars and
don't invest lower than 50 dollars because if the investment is higher than 200 dollars so it will be high risk for beginners and if the investment is lower than 50 dollars so it's too few amount of dollars to gain so it could affect to psychology of trader.
I can add with you something more, that as you are beginner son that for the first real live trading you do not invest a big or high amount, for you start trading with only $100, and trade with just a small point , understand the market provability its area and range . after that you will be able to increase your deposit for high trade and volume.
As beginner i would like to invest $10 initially while Forex business is very risky. I prefer to invest in EUR, JPY and CHF.