What money did you start Forex trading with?

[dojo]

I head that people should start trading with some serious money, 200 bucks (the most I'd be willing to spend) wouldn't cut it. I'd be interested to see how much money you started out with. Did you start with hundreds too and were still able to make it?

[Enivid]

A new trader should start from demo (virtual money) account . Then proceed to very small real account (less than $100 or how much else you can easily afford to lose). Only after a long-term success with a small real account it's recommended to switch to big deposits. My real account was less than $100 when I first switched from demo.

[Easy Trader]

Here is my suggestion and what I would do if I had to start again knowing what I know. First off there is no need to even put a dime into the market until you have a good understanding of the market and a tried and true method that you are comfortable with and know what to expect of it. If I could do it all over again I would demo for 2-3yrs and become a good trader first(all the while saving money) then open a account with $5,000, and use mico lots and very small leverage til i was comfortable. I rushed things and ran in circles for 2yrs blowing small accounts out $200.00 bucks at a time. If I just slowed down and saved that money while becoming proficient for free I'd be able to buy a few more lots today. For me it gets very hard to be diciplined when im risking 5-10$ per trade and making 4-16$ per trade. I will alway over leverage, I had to start with an amount of money that meant something to me. Trading is no different than being a student surgeon, and our accounts are are paitents. There is no reason to kill your paitent.

[Enivid]

Originally Posted by Easy Trader

Trading is no different than being a student surgeon, and our accounts are are paitents. There is no reason to kill your paitent.

From my point of view, small trading account is like a payment for learning. It's hard to learn discipline on a demo account, but with a small real account one will start thinking twice before opening a position.

[Easy Trader]

Originally Posted by Enivid

From my point of view, small trading account is like a payment for learning. It's hard to learn discipline on a demo account, but with a small real account one will start thinking twice before opening a position.

I support this approach also, what ever works for the trader. I just like to stress the idea that newbies dont have to rush or risk any money til they are even very well experienced.

[Enivid]

Yes, it's hard to disagree with you on that . I've jumped on a small real account when I barely understood the difference between buy stop and buy limit pending orders . Got myself punished by the market pretty fast.

[Haley12]

Originally Posted by dojo

I head that people should start trading with some serious money, 200 bucks (the most I'd be willing to spend) wouldn't cut it. I'd be interested to see how much money you started out with. Did you start with hundreds too and were still able to make it?

Well this is really good question. I would also love to know the answer. Initial training and knowledge regarding forex is really must to know before you start investing money.

[Forex scalper]

Originally Posted by dojo

I head that people should start trading with some serious money, 200 bucks (the most I'd be willing to spend) wouldn't cut it. I'd be interested to see how much money you started out with. Did you start with hundreds too and were still able to make it?

Hi,
i have started with 2 500 bucks .. but i think it is not important, how much money you will start with .. much more important is what that money means to you. (For millionaire is 20 000$ nothing, but for poor trader is 100$ a lot of money)

[mr.gardner]

I started with 300USD and lost them in 1 month J Then I got really desperate and stopped trading for more then 3 months.

[oxcommerce]

It is a Good start play with affiliate commision.