FAQ How Much Money Does a Trader Need To Start Trading?

Fugazsy

Well-known member
Nov 10, 2014
3,661
677
123
is $50 enough for a start in Forex?
yes...it will be enough for you to learn, if you lose it, you have not learnt yet....you should not lose it if properly money management is applied even if you have not leaned to trade yet.....once you have leaned to make consistent returns you may add more if you can...otherwise do not, not point. Treat your $50 as $50,000.
 

trade2bpro

Active member
Nov 5, 2013
147
1
28
is there a site that collect all minimum deposit from most popular brokers? It would be very useful.

I know some broker can offer small deposit and some larger, but need a site to compare their trading conditions as well.
 
Apr 6, 2015
3
0
11
If you wanted to start with a very low deposit amount to learn, you can always mess around with Bitcoin. You can buy $50 worth and zap it over to Bitfinex to practice your trades. You can margin trade at Bitfinex with leveraging of 3:1 (i think. they keep changing it). I like trading BTC, its fun and very volatile.
 

Fugazsy

Well-known member
Nov 10, 2014
3,661
677
123
$10 will do, with some brokers like Oanda or CMC you can trade 1 unit in forex, 1000 units is a micro lot which is the minimum with most brokers on MT4 platforms
 
Jan 8, 2012
43
6
18
Start with an amount that you can completely afford to lose because most likely, this amount will be gone if this is the first account you ever opened in your life.

Start trading with the correct mindset and right from the get go, respect risk right away, by having a leverage not over 50:1.

This amount will let you discover a lot of things about you that you think you knew.

Cheers,
FxTurtle
 
Likes: NVP
Apr 12, 2015
4
0
11
Well, I am trading with the most VILE secret EVAR! I am RARELY if ever gonna say this. If I don't mention it again, I will have to ask you to get over it, because I did it... Here Goes!

NOTHING! NOPE! FREE No deposit Bonuses. There! I said it! Happy now. For once I ripped at the seams.
 

NVP

Well-known member
Jun 21, 2004
36,089
1,752
223
west sussex, UK
fxcorrelator.com
Start with an amount that you can completely afford to lose because most likely, this amount will be gone if this is the first account you ever opened in your life.

Start trading with the correct mindset and right from the get go, respect risk right away, by having a leverage not over 50:1.

This amount will let you discover a lot of things about you that you think you knew.

Cheers,
FxTurtle
not bad at all dude ............;)
 
Apr 9, 2015
5
0
11
Beginners

If you are doing the trading yourself start with accounts of around £250 pcm

If you are going to use a trader to do the deals for you for a profit share you would probably need around £25k.

WARNING IS THAT YOU "ONLY PLAY WITH MONEY THAT YOU CAN AFFORD TO LOSE" WITHOUT IT AFFECTING YOUR LIFESTYLE.

IT IS THE ULTIMATE "HIGH RISK HIGH REWARD" INVESTMENT
 

Fugazsy

Well-known member
Nov 10, 2014
3,661
677
123
guys, first we need to learn how to trade, with a good broker we can start with only $10, I do not see why I should trade more if I do not know how to trade? having more money does it make me a better trader? Money is not an issue went we start to learn, even if we have not learnt yet we should not lose that $10 if proper money management is applied..
 
Oct 20, 2011
148
2
28
guys, first we need to learn how to trade, with a good broker we can start with only $10, I do not see why I should trade more if I do not know how to trade? having more money does it make me a better trader? Money is not an issue went we start to learn, even if we have not learnt yet we should not lose that $10 if proper money management is applied..
Indeed, My suggestion was for testing broker so you can go after it with big deposit.
 

Fugazsy

Well-known member
Nov 10, 2014
3,661
677
123
Indeed, My suggestion was for testing broker so you can go after it with big deposit.
I see.....

there are some a few good brokers around that are not taking the other side of your trade.....it is all part of the job shopping around...it is also important to choose a broker based on how we trade, some are good for scalping some are not because of the spread and so no.....