Starting Out

[ITtrader]

Hi everyone,

I am knew to the Forex and have been using a demo account and starting to see some results. I am getting to the point where I want to deposit and not sure how much to throw in right away. What did you guys start with and what is a good number to use? For the record do not have thousands to blow here I am hoping to start small and through strategies that I have learned make it grow.

[Enivid]

Start with $100 and be prepared to lose them.

[DonnaMag]

Hi ITTrader and welcome to the trading world!

As someone who also started out through practicing on demo accounts, I must admit: practicing demo is great, however it is important to know when to move on. It is important to remember you are only trading with virtual money which makes you lose out on the mental impact and satisfaction of trading.
Regarding the amount of money to start with, It is pointless to start with that less $1000; pick a figure between 1k-5k for a beginner. With that being said- don't go and blow all your college savings, Medicare or important life purposes. Only trade what you are capable of losing.
With that being said, wishing you all the success in your trades

[JessForex]

Hi, you should start with couple of hundreds and with low leverage. You stop loss in a way that you will not lose more than 2% of your money in every trade, it will give you allot of time to trade J. I used Everestforex’s program which gives you $100 real money (no deposit needed) [link removed]
Good Luck! Hope you find it helpful!

[Commtr]

I would recommend you to practice with the demo account for few months, then start with no more then $1000 real money. start with small trades.

[ITtrader]

Thank you for all the advice! I see so many places where I can get deposit bonuses and such can you guys recommend a good platform?

[bestforexpartners]

The foremost way to make money through forex market is to ensure your trading. If you trade yourself, you will surely get guaranteed results. However, it may take a bit of time. But this strategy is quite favorable if you consistently follow it.your first approach should be to watch and judge the forex market and learn from other forex affiliate doing business here. This will save you from the real traders aggressively participating in the market.

[eyeball]

Please understand that whatever ammount you start with,it will probably be lost within the first few months of trading. Consequently , the lower the better. the important thing is to learn by your early mistakes so that your future trading has a chance to recoup your initial losses and achieve overall profitability. Good Luck

[j'ai]

There are loads of platforms out there ITT, most of them are available with a demo account. I tried quite a few of them myself, some I liked, some ok and some terrible for my purposes.

You will find it's a very personal thing using a platform. So my advice to you ITT, is try as many different platforms as you can before you start live trading, find one you like and stick with it.

Good luck mate, both on the platform and on trading.