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According to my money direction i merchandise with the request of 1000 pips. So if you impoverishment to dealing with 8 lot size then you necessary to enthrone at smallest 10,000$ to forbid perimeter telecommunication. But my comrade do not exchange with so much funds in the start. If desire so then practice this very management in exhibit for 3 months then interchange true.
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we can earn this business and it is true online business and That depends on just what couple you would like to business inside and also just what power you employ. Just in case you desire to business rare metal inside insta-forex and also rare metal fee will be 1606, you will need 1606$ money to be able to business an individual whole lot with 1: 100 power yet in case there is gold almost all you will require will be 29$ to get a whole lot with 1: 100 power.
so thanks forex business and it is good for forex business and thanks forex...
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you are thinking is way to ahead bro.trading with 8 standard lots is not for newbie to trade,take an investment of $100 and place a lot size up to 0.03 or 0.05.if you a newbie you have to learned and practice in demo account first.and also most important topic that you need to know the knowledge of money management strategies.So, you can manage your trades with profits and losses.
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Brother that is a good question. As a successful Forex trader you should to obey the rules of money management. According to money management you should not take risk more than 2%. It is true that to be greedy in this business is so easy. But you have to leave your greed for being a genuine trader. So if you want to trade with 8$ volume then you should have minimum 2000$. and well, my friend... what the reason you want to trade with 8 lot...? it is high lo for me... i think It is depend on your leverage.. and also depend from your risk per trade... if your risk per trade is 100%... i think you just need little capital... but if you is conservative trader, i think you need $10000 capital...
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forget trading with 8 lots, Its out of question lot size. Start with 0.1 or 0.2 lot sizes opening a small account with $50 to $100 capital. feel and learn the market trading with that lot size and try to develop good trading skills reading good books and following good sites / friends and forums and You are start with 0.1,0.2 then your account needed 50 to 100$ for 8 lots.you trade in Gold then needed 100 to 150$. Anyway if you really want to know, then you should invest $20,000 into forex. At the same time if u have huge capital then u will make large profit and become millionaire easily... not of all loss your money something you gain....
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i think the minimum amout to iinvest in forex is depend on the lot you trade.if instaforex you trade 0.01 lot, so perpips would be 0,01 usd, if you hace money 5usd, you have power until 500 pips, i think that is ideal........the problem some people want to get more so with a little money they use big lot.and sometime got MC. and i think you must spend about 500 money as investment to business with amount 8 money because you must determine the variety of pips the industry shift it if it opposite on you so you need big investment to not reduce it quick but to fill the opposite.
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If you try to do such thing with you minimum investment then you have to suffer from loss. It is not really possible to gain directly from the small amount by using such higher lots. you must have to use proper money management then you can easily drag good profit from the forex. and if i want to trade with 8 lots, then i will need 1000x from the lot as a minimum capital, so i will need minimum $8.000 as my capital, so my capital can hold until 1000 pips
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for trading 8 lots you need around 240$ at a leverage of 1:400 that is to high risk.by the question you seem to be a newcommer to forex trading so it is better to take low risk at the start it is a good strategy for long sustenance in forex market and very good idea. as a beginner you should not be greedy with profit. you better use a small lot. if you have $ 100 you better use a lot less than 0.2. because it will minimize losses. if you are already well aware of the market conditions, then you can use a lot bigger. you could be risking your capital with less resistance than 100pips.
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It depends on the spread of the currency/metal you wish to trade in. For example if you want to trade in EUR/USD, so there is a spread of 3 pips normally. When you open the trade with 8 volume, it multiplies with the spread and the resultant amount is deducted by broker right after the trade is opened, and with the movement of 1 pip, you get $8 profit or $8 loss. This is highly risky and is not recommended.
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Hi bro, I think you are right. in my opinion, i think that for that target need huge capital and also after that need take high risk because forex trading business is too much risky business and need very good skill and for you achievement should be need high capital and high knowledge. other wise you will get loss in this business.new beginner must trade with 2 or 3 lots it is for that because you have low balance if u have a lot of balance then you can play with 8 lots. Nice trading and have best pips.