Printable View
Hello beginner please start from $20-50. Test your psychology in Forex market. Rating your skill. I think you will be able to invest next. Because after some days your metal power and skill will set for your investment policy. Forex can make you perfect if your skill can control this policy.
After all deposit depend on trader own capability.
You have a real point here. A forex exchange trader that is still new to the business should never try to place importance to the amounts that they get as profits from forex. Investments does not necessarily mean the amount of profits.Quote:
Originally Posted by fxquest
as beginer dont jump to trade forex so quickly.. take ur time .to practice on demo for chek the stratagy, plan, indicators, ur moneymangement, news, etc. main sab kuch karte hue ek aur chis practice kia.. woh hain confidence gain karna.. on demo account. main apne plan ke sath sirf 5pips ka target leke trading. kia.. jo ki.. pure din main sirf ekbar trading karunga.. aur yeh main pure 50 days tak kia.. than 5pips se 10 aur 20pips tak ka trade kia .. isse mera confidence badha aur apne stratgy aur plan per bhi bharosha badhane laga main abb real account main sirf 10pips tp ka trade karta hun.. aur yakin maniye .. accha kamai. hota hain.
For a newbie who is still don't anything about Forex trading hardly any investment is needed. Yes a newbie should start his trading by Demo account without investment. One should think about investment only after consistent profit track record in Demo account for a period of 6 months. And again starting with around $100 investment is ok with cents account.
you need to invest 50$ minimum. and go for the trade of eur/ usd in demo account and try to understand this graph, and think about how chart changes its positions also learn the basic indicators and also use the minimum lot size in every trade.
In my experience when I started trading pair is not much to choose, I only choose one pair, because with such a pair I can learn it and move to understand market psychology.
I have earned $100 i think its a matured figure for me to trade.I am first in forex so i will try to start my trade using only $100.And my first choose will be only Usd as i know greed is harful for the traders who has not yet been successful in this situation.Otherwise if i use another way for i may lose my capital which i have earned very hard working.
before you start investing in forex, traders should learn on real accounts to test their trading strategy for several months ..
if it has a consistent profit, then the next can make a few dollars in investment accounts cent for trading psychological practice
Newbie's starting investment should be 100$. And trade with 0.01 lot size. As losses are very probable in start so this money management will be safe for a newbie. Also you can start with 50$ but the lot size should not increase.
for starters they should trade on a demo account and practice before they go to a real account. in trade on a demo account new traders can find a formula that suits his trade and can generate profits consistently. and if a beginning trader has found a form of trade as described above, please use a real account trading in the trading strategy he used in a demo account