My advice for beginners can depsoit $ 200 with a minimum lot 0:01 in the event loss no depression
professional to deposit $ 2000 with 0.5 lot on the grounds in the event of loss for his return is not difficult and can be faster
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My advice for beginners can depsoit $ 200 with a minimum lot 0:01 in the event loss no depression
professional to deposit $ 2000 with 0.5 lot on the grounds in the event of loss for his return is not difficult and can be faster
i think that different traders needs different amount of money to invest in forex trading.....if someone is a newbie, then i think that he can invest only 100 dollars and use a leverage of 1:500 with a lot of 0.02 ...but he should not over trade and with a proper planning...while those traders who are experts will need to invest more in order to make a good profit....but it should always be remembered that only invest those money which you can afford to loose.....
I don't think so. In my opinion, it is enough to use $100 as your starting point or if you had lower amount of capitals, that was okay
as long as not less than $50. The most important is good money management which will limit your losses in each transaction. It's
useless to use high amount of capitals but you don't have good money management.
A good trader will never open 5$ pip on a 1000$ account as then with 100 pip loss it will be 500$ loss and half of the trading capital gone. It is always wise to get small profits and loss whatever be the trading account size.
I will recommend only 0.5$ pip and with 100 pip loss it will be 50$ loss which can be easily recovered without causing any serious harm to the account.
Well it depend on person to person there may be people who can risk 1000$ in forex trading while there are others who get it difficult to even spare 100$. Whatever capital we have we should select a suitable strategy so that it can help earn legitimate income regularly.
there is potential risk in the forex market. You have to enough knowledge about forex before invested here. trade with emotion is a major mistake which often most of the trader do. Before open a trading you should analysis the market trend and trade on the basis of technical analysis and fundamental analysis.
in my point of view here is no limit to invest in forex, the one thing which you keep ion mind that the marketing trend which is most important for traders and they must know the trend and use there money at there limit.
yes i'm agreed with you, $1000 enough to start in micro account. it will give us more flexibility in managing our capital and position. although many traders start immediately once they got $10, but usually the account will gone in matter of days. this is because the account don't have enough capital to hold a wild movement or the traders don't have any option beside to survive in volatile market.