it depends on :
1) how much capital you have that you can spare. Ask yourself again is $6000 the absolute amount that you can afford to lose without feeling that "you could die" if you lost all $6000
2) How many days do you consider swinging your trade
3) How big your lot you bought/sold is. ie. are you playing with micro/mini or standard lot size.
1) how much capital you have that you can spare. Ask yourself again is $6000 the absolute amount that you can afford to lose without feeling that "you could die" if you lost all $6000
2) How many days do you consider swinging your trade
3) How big your lot you bought/sold is. ie. are you playing with micro/mini or standard lot size.
forex
i am planning on trading forex and i would probably only be comfortable losing 3k to be honest. Is 3k enough to take a shot at the forex market?
thanks, ryan
nile_croc
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3K can be enough for forex, as long as you trade the right way. I would suggest using OANDA, due to the fact that you can trade small size and build a "portfolio" of trades, rather than leveraging all your equity on one position, like you would trading standard lots.
Don't risk any more than 1 or 2% of your equity per trade.
Gook luck and happy trading!
Don't risk any more than 1 or 2% of your equity per trade.
Gook luck and happy trading!
3k probably is enough if you play with mini/micro accounts.
