How much capital to start trading forex?

[Forextamil]

Because we are not all equal at this point. It is clear that having a large portfolio is significant support for a trader: increased confidence and greater security. Some have much, others have little. Here are the possible strategies according to the size of your trading account:

€0
In other words: NOTHING! You do not have a budget trading, you’re not alone…

Free forex contests can be a solution to build up a nest egg to start.
Some brokers offer unlimited demo accounts. You can refine it at their leisure while waiting to acquire a bankroll.
€100–€250
It is usually the minimum amount of deposits. The size of the order authorized the smallest lot being 0.1, you must take risks consequent forced to place orders. If you are a winning trader, your account will grow rapidly.

Scalping, very risky but very profitable, is perfectly suited to these small accounts.
A conservative swing trading is a good start for patient traders.
€1,000–€5,000
Much of the speculators have such a sum in their trading account. It is possible to make good profits without taking excessive risks.

The daytrading and swing trading are favored by traders in this category.
Automatic trading with Expert Advisor gets really interesting.
€50,000+
You will be pampered by your broker! Trading is likely to make a big source of income.

Bet on the long term is feasible.
All trading strategies are open to you!

 

[xjtorerox]

Be aware that if you are starting in this business your first goal is not to your lose your money.

Also be aware that this money is money that you can lose. Do not use the account intended to pay your bills.

 

[Pat494]

Most newbies lose money initially and are likely to blow at least 2 accounts before wizing up a bit. SO start small imho

 

[Forextamil]

Starting out with at least $500 gives you flexibility in how you can trade that an account with only $100 in it does not have. Starting with $5,000 or more is even better because it can help you produce a reasonable amount of income that will compensate you for the time you're spending on trading.

thanks for your information

 

[tomorton]

If you have already trialled a strategy that works consistently in demo accounts, under strict rules and varying market conditions, and you have reliable risk management rules to limit losses in your losing trades, then open an account with as much capital as you can afford to lose of the broker goes bust.

If you do not have these things do not open an account.

 

[donald55]

A simple rule is to start with what you can afford to lose be it $100 / $500 or more or less.

 

[PaulyZ]

Agree with majority here. It is better to start with a small amount in order to not lose everything you got.