What amount is good for starting

ForexBeginner · Mar 25, 2011

Hello
Just registered - hello forum.
I want to start trading - what kine amount is good for beginning - not to loose money.

bbmac · Mar 25, 2011

ForexBeginner said:
Hello
Just registered - hello forum.
I want to start trading - what kine amount is good for beginning - not to loose money.

Whatever you can afford to lose...but it may be better to go with micro lots or demo if just starting out. There is no guarantee that you will not lose many, let alone make any...in fact you probably will do the former...but remember the 1st tsak of a trader is to preserve capital (you gotta stay in the game long enough to get good) so over-leveraging and big risks will likely add to your chances of losing.

Whatever you decide,

G/L

ForexBeginner · Mar 25, 2011

Thanks for advice

timsk · Mar 25, 2011

ForexBeginner said:
Hello
Just registered - hello forum.
I want to start trading - what kine amount is good for beginning - not to loose money.

Hi FXBeginner,
Welcome to T2W.
Soon after you registered on the site, did you receive a welcome message? If so, would you be kind enough to copy and paste it here please?
Thanks,
Tim.

ForexBeginner · Mar 25, 2011

No.
No welcome message

shadowninja · Mar 25, 2011

£100, Alpari. Why risk more unless you know what you're doing?

Wile E Trader · Mar 25, 2011

I agree with the above comments, start off demo trading until you are consistantly profitible then move onto a micro account yet again trade until consistantly profitible.
watch out for leverage it works both ways for you and against. Also search this forum lots of good info

jiggly · Mar 26, 2011

it does depend on your means but i say dont waste your time on a demo account.

you can open a micro account for next to nothing and trade in increments of 'cents'. If your bothered to lose money in the beginning, or at any stage, particulatly 'cents' then you should reconsider your approach.

the critical elements to success are in the psychological and emotional aspects, you will not feel those trading on a demo account.

safe journey.

Blaiserboy · Mar 26, 2011

jiggly said:
it does depend on your means but i say dont waste your time on a demo account.

you can open a micro account for next to nothing and trade in increments of 'cents'. If your bothered to lose money in the beginning, or at any stage, particulatly 'cents' then you should reconsider your approach.

the critical elements to success are in the psychological and emotional aspects, you will not feel those trading on a demo account.

safe journey.

Real money makes the game much more interesting and makes you responsible for decisions....

A small amount of real money may be a great lesson teacher.

-oo0(GoldTrader) · Mar 27, 2011

Demo trading is a joke.

Wile E Trader said:
I agree with the above comments, start off demo trading.

Anyone can sit through drawdowns without there own money on the line.

What amount is good for starting

ForexBeginner

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bbmac

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shadowninja

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