Here a big question for beginner that what is starting investment
in which field they invest means ero usd etc
and which currency they trade and minimum lot volume etc .its very useful
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Here a big question for beginner that what is starting investment
in which field they invest means ero usd etc
and which currency they trade and minimum lot volume etc .its very useful
as a beginner i want to go with $10 and i wanna trade eurusd and gold.
aap 10$ se koi bhi trade nhai kar sakte..aur gold to bilkul bhi nahi kar sakteQuote:
Originally Posted by forexman
kam se kam 50$ se tarding akroge to apko fayda hoga..10$ se kuch nahi hota forex me
aur agar aap naye tarderho to gold ko ekdum bhul jao..naye traders kel iye bas eur/usd hi sabse acha rehta hai
you should be able to understand the forex well with studying.
if you already understand the basis of trading, then you could only think to invest.
Should we be starting with a relatively small capital first ..
i think for a beginner you can trade with pairs which you feel comfortable as no currency pairs are volatile all the time but trading lotsize of 0.01 will be very low risk of trading and i feel that would be safe as a beginner
i think with 10 dollars in the account u cant trade gold if u dealing in instaforex..u need to have 150 plus margin to trade in gold as one pip value in gold is 10 cents....i have calculated this on traders calculator..Quote:
Originally Posted by forexman
You may invest 20$ in standard or in cent account. And try to trade with eur/usd only. And don't try huge spread currency and also metals. The lot size is according to my MM for $20 is .01lot size. Always wait for the right entry point and don't trade in rest of the time. All the best.Quote:
Originally Posted by forexpips
yes,i think with 100$ in our margin is good one.but if we want to make profit in trading activity,the most important part of this is have a good psychology trading.without that,our trading activity is no mean at all.try to test your strategy in demo account to knowing the best setting and the best time to use that strategy.it's need much time to discovered the best setting in our strategy trading.Quote:
Originally Posted by realfun07
Newbie should spend some time watching the market and trying to understand it, may be they may trade with little amount with lower margin so they get opportuny to exit on profitable level after some time in case trade goes wrong.Quote:
Originally Posted by realfun07
start small that is what i can tell you . . wen you are starting trading ( i mean starting with real money) you are doing into unfarmilar territory and a rugged territory indeed. and thus you'llnot want to invest allot of money because you donot know what will happen . its best you start with small account first
Investing $10-$20 will never help you to make profit . You will lose it in a day or two .
Better you invest $100 with 1:100 leverage . With this you can make nice profit .
Trading gold needs higher equity because gold market is so volatile .
I dont think it would be wise for beginner to start with $100 as then they shall be putting all this to risk. To trade in gold at 100 leverage that is maximum allowed for gold trades, we need to have around 17$ capital for being able to open .01 lot, though in cents account you can do it for 1.7$ to open .1 micro lot. We get 30% bonus so even if we deposit capital like 13$ or little more and request 13$ bonus we shall be able to open 10 .1 lot trades in cents account.Quote:
Originally Posted by niks
As beginner aap ko chahiy keh aap minimum 200$ sy trading strat karo ager aap eyk acha start chahty hian to hamysha gold main trade karo or apna leverage 1:1000 per set karo,o warna forex trading to 10$ sy bhi start ho sakti hai bus ka koi fayda nahi.
If you are a new trader, first you should have complete knowledge of forex using practice on demo account then you can start with $ 10 only. Only focus on major currency usd, never increase from minimum lot until you got good experience in real trading. Slow and steady go in trading, never create greed which will destroy your money.
Starting investment for a beginner trader varies from trader to trader. However, if I have to recommend, I would say that a beginner should invest $20 in a cents account and begin from there.
As you are forex beginner you can't invest a large amount of capital and don't be greedy that if you invest more then you can able to make large amount of profit. The profit in forex trading is depend upon how you trade , so its better to invest less amount in starting , so that if suppose you suffered a loss you will not gonna loose your big amount of capital.
mera to yeh mashwara hoga k ap ko pehly form p post lagani cahiye jis sy apkay knowledge me be izafa hoga or ap ka capital be brabr ho jay ga matlb acha khasa ban jay ga or ap ko trading me lot size ka be koi problem nhi hoga.
All new forex trader first will loose, after demo trade we new seem we have confidence to real trade, I think first time should to invest 50 $ and observe market uro usd and uro jpy, then trade
me to manta hu ke kam se kam 80$ se 100$ se to shuru karna chaiye... usse aap khul ke trading kar sakoge aur aapko profit margin bhi acha milega to aapka self confidence gain hoga aur aap acha trade kar sakoge
Quote:
Originally Posted by venkiaries61
Thats a perfect reply. Its always better to start small and the aim should be more on focusing to learn trading instead of making profit. trade with 0.01 lot sizes opening maximum 2-3 trades at a time and try to learn the market movements. thats a better way to start in my opinion
hnn main to gi apni khud ki money to kabhi bhi invest nahi karoun ga sahi baat ha kioun k mugh ko pata ha k yahan par mugh loss ho sakta ha esi liye main forum par posting kar k jo profit milta ha us se trading karta houn o r profit kamata houn ye acha tareeqa ha es se app ko tenssion nahi hoti ha k app ka balnce zaya ho jaye ga or mere khiyal mainstart k liye 10 usd achi raqam haQuote:
Originally Posted by forexpips
Beginner can start with 50 dollars and then use cent accounts with lot sizes like 0.03 in their trades. This presents less risks and can give us help in keeping a stable trading results in forex reading.
For beginners investment may 50-100$ , because 90% new trader may loss. By loss or by profit after experience, they can invest as their ability. Then they trade EUR/USD, due to many information are available about that currenciy.
i think that as a newbies , a person should invest at least 100 dollars...i think that it depends on your knowledge to select a currency pair...but i prefer to trade on euro usd...because market news and strategy is easy for this pair... i think that newbie should only open one or two positions....and do not over trade.......
A newbie should first invest his time in learning and practicing in Demo account.
Only after successful trading in Demo account one should invest his money in real account.
And i feel around $100 investment in cents account will be a good one to start real trading.
When less amount is at risk then the loss will also be limited. And most of the new traders are fearing that they get huge loss in the start. When using the cent accounts they will learn how to manage big amounts of money and this is what will teach them the effective use of the Money management skills.Quote:
Originally Posted by annisa
very good if we start investing in forex with a capital of about $ 50, with a capital account that we use in cents, so with a capital of about $ 50 we can do with a convenient entry and a large load can be reduced because our strength is large enough margin.Quote:
Originally Posted by annisa
I am agree with you. For beginner traders, I suggested to use same amount too and I think it's not good idea if you investedQuote:
Originally Posted by rajabd
more than $100 for beginning trading because it's too risky to use more than $100 for beginner. Mostly traders couldn't control
their emotion well and then they got losses because of this condition.
As for me being a newbie, I go for $10 investment and try to trade with the euro/usd and preferably gold. It's not that much but It can really help you for your starting guide to trade. But don't take much risk, less leverage is much cautious than to take high, Trade well and earn with with it.Quote:
Originally Posted by forexpips
In my opinion beginner should not give much importance to how much profit they earn, but if they manage to earn small amount regularly they should be satisfied that they are good trader and then it will need just to add capital to increase profits.
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