How much money for trading

[chin100]

How much money would you like to have in your Forex trading account to quite your job and be a full time job trader.I think if you are newbie then first time you need to learn about forex .because its not time to deposit huge invest.and after that when you feel you can trade and understand market then you can invest.

[mocharifin]

I think that quite from our main job is not good idea. forex is very risky.
All of my friend that trade in liteforex, roboforex,insta, etc do not encourage to quite from their job.

[unclegober]

Originally Posted by mocharifin

I think that quite from our main job is not good idea. forex is very risky.
All of my friend that trade in liteforex, roboforex,insta, etc do not encourage to quite from their job.

Now, My friend and me trading in Armada Markets. i think many broker have a good track record which have many recomendation from the trader. but for me. i recomending my broker now as our broker

[ddeeen]

It is depend on which account you will opened in a broker.
If you open real account you must open about $1000. If you open micro account, you can deposit just $1..
Let's open in NDD account in liteforex, you will get the best account there.

[DirkNannes]

I think Forex knowledge is much important than money. Because if a traders have huge trading knowledge with small capital. Then he can make money by his small capital with small capital. But without knowledge a big capital is valueless.

[DirkNannes]

I seem money is less important then Forex knowledge. So which traders have good trading knowledge they can earn from their small capital. But a trader do not enough knowledge then big capital it is enough for him to earn money.

[orni308]

Its better to invest good amount of money, although there broker where you can invest very less amount, but if a good amount to invest its better.

[unclegober]

I think the $ 100 is enough to open a live trading account. using leberage lot 0.01 and 1: 500 helps us to trade with the correct ratio with no trading over lot

[ddeeen]

Originally Posted by unclegober

I think the $ 100 is enough to open a live trading account. using leberage lot 0.01 and 1: 500 helps us to trade with the correct ratio with no trading over lot

I think so,
But i suggesting 1:500 of leverage. it will help you and make safe of your account. In liteforex broker, I also use 1:500 of leverage.

[unclegober]

Originally Posted by ddeeen

I think so,
But i suggesting 1:500 of leverage. it will help you and make safe of your account. In liteforex broker, I also use 1:500 of leverage.

Yes, I also using leverage 1:500 in my broker.with speed of execution and low spreads are needed by traders to do scalping to achieve maximum profit. this is usually the main thing when traders decide to choose the right broker for scalping. based on my experience, Armada Markets gives traders especially for scalpers with very good platforms.

[orni308]

Originally Posted by ddeeen

I think so,
But i suggesting 1:500 of leverage. it will help you and make safe of your account. In liteforex broker, I also use 1:500 of leverage.

leverage is good but you should be a skilled trader to make use of it.

[fatonahfx]

Just use huge leverage in forex trading. 1:500 or 1:1000 is really good for newbie and will make your account far away from MC..

[DirkNannes]

I think all Forex traders can earn money by their trading knowledge. Therefore, the expert Forex traders can earn huge money by trading. On the other hand, the poor skilled Forex traders are loser. Learning is the best way to earn money.

[dangtrader]

I started with 3 K$ on Hotforex Micro.. At starts I lost 1700$ trading with unreasonable high lot size, then switched to more careful and discretionary appoach and recovered for 4 month. Year or more I trade only in profit with them - 700-1500$ monthly...

[tama13]

although i trade with hotforex too but i started rather slow and low, i guess it was close to 200-250 2 years ago, worked my way to a medium sized account after a couple of withdrawals and deposits

[DirkNannes]

Forex knowledge is much important than trading capital. Without proper knowledge high trading capital is valueless. I see maximum new Forex depend on their trading capital while experts are always depend on their knowledge.

[unclegober]

There are many type of accounts offered by different brokers. I think $100 is good for new trader who deposit first time. I use the classic account in Armada Markets by using deposit $ 100

[pipaholic]

I agree that first i have to learn about Forex. But first time how much i should invest?

[pipaholic]

Originally Posted by unclegober

I think the $ 100 is enough to open a live trading account. using leberage lot 0.01 and 1: 500 helps us to trade with the correct ratio with no trading over lot

$100 okay for first time or i have to invest more first time? Also can you please tell me to start which broker best to start. Thanks

[goldtrader]

in my opinion i think we need 400$ at least . we can trade and earn money enough for life. it is safe for our money. when we still have money in account. we can get money again

[goldtrader]

when i use leverage 1:1000. we can trade with 10$. if your broker allow deposit . we can start trade with small fund. but if we want earn money for life we need about 500$ at least . it will be safe for our money

[unclegober]

minimum 100$ is need to start Forex business in the Forex market so everyone should do this because when you want to trade without high reserve you will be face loss.

[Fxchamp]

It depends on how much risk you want to take in the market. Also you are just investing or need to make monthly money for your expenses does matters in it. If you have good amount then you can start with low risky pairs.

[ValdisFFS]

You should learn a lot on how to trade Forex. Get enough of knowledge and practice, start earning consistently and only after that is it possible to think about quitting you job.

[tama13]

a 1:1000 leverage might be good for micro accounts and traders that know what they are doing, but its kinda risky, im good with a 1:500 and taking it slow with micro lots with hotforex

[Fxchamp]

It depends on the budget you have for trading. There is no particular amount you can take and jump into the market. You have to make perfect strategy and then decide that how much investment you want to do in trading.

[vmusci87]

My broker requires only $50 to start trading. But I think you should have at least $300 and trade stable pairs to avoid margin call.

[Lopes]

The Investment is Minimal:
To get involved in currency trading, you do not need to invest a lot of cash upfront. Many trading options are available for a small investment, some as low as a few hundred dollars. This allows new traders in particular to get involved, learn the process, and risk very little. To trade in the forex market, you need to determine your risk limit, and not invest above that amount

[vic84]

You can start trading with minimal amount but if you can invest a good sum then you can manage your trade better but its not necessary.

[fatonahfx]

Originally Posted by Fxchamp

It depends on the budget you have for trading. There is no particular amount you can take and jump into the market. You have to make perfect strategy and then decide that how much investment you want to do in trading.

Yes of course, If we want to get huge profit. we also need huge investment there. But don't use more than 5% of your balance. its really risky..

[goldtrader]

i use 10% my income for trading. when i lose.it doesn't impact to my life. i think we can get confident in trade. i put in liteforex. i put a half in paam account. i trade a half fund. i will keep my money

[orni308]

Its upto the capability of the trader if a trader can afford to invest huge amount he could do so as it will help in making a good investment portfolio, and if its less the there is nothing to bother you can manage.

[DirkNannes]

It is very much important to gather most accurate basic knowledge for opening a live account in a proper way. In my trading life, I have done Forex Beginners course and beginners video for acquiring exact fundamental knowledge from GCI . By means of this knowledge, I have opened my live trading properly. So, my trading life is very comfort and security.

[captainfx]

I don't really think I would ever quit my job to become a full time trader since for me Forex is just a hobby, an investment to get an extra income.

[ddeeen]

For money, more much of your money, your bullet to shoot the market will more much and your margin will stay safely. I suggest to use your 2% from your balance. its safe for your live in forex trade. I always adopt this way while trade in roboforex, liteforex, and mayzus broker.

[DirkNannes]

Due to having an easy source to earn huge money people are joining this trading place very rapidly. By the way, my trading life is very comfort and knowledgeable with GCI Financial. This trading platform has lots of currencies to trade. So my trading presentation is greater than ever very hastily by trading these pair. Approximately 50 up currency pair are here. And I am able to trade all major currencies in a narrowest trading spread.

[tama13]

I guess the topic says how much money is need?! jeezz.

different brokers offer different minimum deposits, as much as 5-50 dollars with hotforex i think oanda offers as low as 1 buck and so on, but for starters a traders should always start with a small amount for testing, check out the platform the execution, and other aspects of the broker like withdrawal and the fees that comes with it. before he may proceed with a bigger amount. i started with about 150 bucks 3 years ago yeah i blew it but it was not too ainful.

[goldtrader]

now in my strategy i need about 500$ in account. it is ok. i can earn 500$ or more per months, it is ok for me. each trader has different amount. i think we need define base on our ability and trading plan.

[tama13]

I wont forus on doubling my money in one month, 500 is a good number to start with but its safer to take it easy and not rush things!! usually people would say just risk 2% per trade, thats 10 dollars but people would go over that and try making a better profit as long as its contained!

[samuelp80]

using 2% of balance for each trade is really safer sir. You can also use 5% from your balance, it's common used by trader. But, for me, sometimes when the market is on great moment, i always use 20% from my balance in Classic account of Liteforex broker, so i can get much profit with.