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i think you shoud try demo account first,and we you get comfort and good using your mt4 (mt5) then try to make a real account but i think for a newbie $10 would be enough,use cent account and start trade with the smallest lotQuote:
Originally Posted by forexpips
we can trade in less than one dollar even but not in all trades. We can invest amount according to trade field. For example we can not trade in Gold for 1 dollar. But there many other fields where we can invest less than 1 dollar. So it depends. New users must avoid huge investments in my opinion.
I think that the real start is to do trade on demo accounts for a certain period in which to gain experience and a true vision of the market and then take advantage of the equivalent forum for trading and earn real profits.
good luck
I think with a little capital used to be very appropriate to try in real account while trying strategies and analyzes that have been undertaken in the previous trading demo. use strict money management to get a nice trade.
The beginner can start the forex trading with the little investment also. Because the beginners are not having good experience so the little investment is good for them. They can start investing 5$ to 50$ depending upon their thinking.
I am also a new trader ...Quote:
Originally Posted by forexpips
I prefer the USD as the currency in trading, because easier to convert from the dollar pips than the pips to the euro. To pair, I prefer the pair GBP / USD, because the pair is not too fierce and too tame. For novice traders, it is also recommended for trading in the pair with a small spread, such as the pair EUR / USD and USD / JPY.
I agree with you, should not begin trading with substantial funds. use a small fund and use micro lots, set a good money management so it is a good first step. large funds or small just different trading psychologyQuote:
Originally Posted by netros
I advise beginners if Forex learned well can begin investing $ 200 and try to trading currencies in which the difference without spreads a bit like 3 points and the best currency trading is the euro / dollar.
before investment beginners must learn Forex first and start with any amount of money, if you learn Forex right you can make your balance bigger, but without knowledge and with large balance loss will be the only thing you would face in the market
Actually as a beginner you do not take risk by big amount invesment. Because as a result you may be face loss in your business. When you have a more knowledge about forex .Then have a risk by more profit.:)