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How much money for trading

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  #41  
Old 02-06-2015, 07:45
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Default Re: How much money for trading

The volume should depend on your account type, such as $5 for micro account, and more than $1000 for real account. For newbies, money is less important then skills and knowledge in forex trading. Before I practised one demo account and also opened one $5 micro account on hotforex for learning trading skills.
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  #42  
Old 02-06-2015, 13:38
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Default Re: How much money for trading

the amount risked in each trade varies, but yeah 2-5% is resonable, and it will also depend on how much money you have invested.
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  #43  
Old 08-06-2015, 08:45
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Default Re: How much money for trading

Not very much needed. Many brokers just provide micro account for beginner, such as $5-10 for test your strategy and also know more about live trading.
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  #44  
Old 09-06-2015, 07:55
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Default Re: How much money for trading

broker provide different min deposits, like oanda has a 1 dollar account, hotforex offer min deposits as low as 5 dollars, but in my opinion a couple hundreds is a good number to start with, though I would suggest only investing extra money traders can afford losing
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  #45  
Old 15-06-2015, 13:38
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Default Re: How much money for trading

It is depending on your trading capability. Now, I can make profit 50 pips daily with support of only one pip narrowest trading spread. And, I am getting this narrowest trading spread from my trading platform GCI. By means of this trading spread, I am able to make profit by using any kinds of trading strategy. So, my trading life is very much comfort and profitable.
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  #46  
Old 22-06-2015, 08:38
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Default Re: How much money for trading

There is no limitation about funds, many brokers provide micro accounts, such as min $5, or you can also increase your deposit to try higher level etc. Anyway you should decide the amount according your funds.
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  #47  
Old 18-09-2020, 12:09
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Default Re: How much money for trading

While there are brokers which donít need you to deposit a minimum amount to get started with Forex trading. I usually recommend newbies to start with at least $500. It depends on the type of account. Because different account types offer a variety of services and generally require different starting sums. But for the most part, you can open an account with a small deposit. For example, to open the an Trade.MT4 account, you need a minimum deposit of $200 (or a similar size in other currencies). This account offers low spreads and highly competitive leverage. Once you have built up your confidence, you might want to open the Zero.MT4 account with a minimum deposit of $1000. This account offers institutional-grade speed of execution with ultra-low spreads, and is well suited for high frequency traders.
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  #48  
Old 21-09-2020, 16:26
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Default Re: How much money for trading

Depending on where you are your broker may not give you a 1:500 leverage. The EU, for example, banned leverage above 1:30 quite a while ago.
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  #49  
Old 24-09-2020, 15:57
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Default Re: How much money for trading

Quote:
Originally Posted by wuxiami View Post
There is no limitation about funds, many brokers provide micro accounts, such as min $5, or you can also increase your deposit to try higher level etc. Anyway you should decide the amount according your funds.
Micro brokers should be avoid because any of them are scam. We have to trade only with reputable brokers such as Hotforex.
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  #50  
Old 27-10-2020, 21:27
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Default Re: How much money for trading

I am not sure about paper trading as I saw that most of the trader losses here so that's why we should not trade paper trading even Forex as all the betting type.
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  #51  
Old 02-11-2020, 18:38
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Default Re: How much money for trading

Depending on the jurisdiction a trader may have to fund a surprisingly large account, unfortunately, due to leverage caps introduced by financial regulators.
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  #52  
Old 14-11-2020, 15:40
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Default Re: How much money for trading

We can make endless amount, but it must be done wisely and with proper way and method. It is easy to do this if we are working with proper plans and methods. I find it easier with FreshForex, as they have too many benefits with low spreads, over 130 instruments and much more.
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  #53  
Old 19-11-2020, 04:15
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Default Re: How much money for trading

Not very much needed. Many brokers just provide micro account for beginner, such as $5-10 for test your strategy and also know more about live trading. But I jumped straight to premium account at Hotforex after testing waters on demo for some short period of time (1 month)
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