Recent content by traderuniversity

Absolutelly right, so I can trade less per pip, but by doing so won't I be braking my 1% risk per trade?, I heard that forex can oscilate as much as 200pips in a move. betting 50p per point (I suppose this is the minimum allowed for trading currencies), would still surpasse my 1% risk per trade...

It makes sense now. It's obvious that I won't be trading forex for a while, because my account size is very small to start with. (£2,000). 1% risk = £20, I would easily be stoped out of the trade risking such a small amount per trade, as forex can swing up or down way ahead of my stop loss...

Thanks Rhody what's Oanda by the way? is it a brokerage firm? if so how can I get access to them?

Hi all, I'm new to this forum and may be my question have been asked before. What's the minimum account size to start trading forex? I will be trading only 1% of my account per trade where's the best place to get started such as trading platform and brokers Any comments appreciated