Minimum investment
- Thread starter SweetPrincess
- Start date
- Watchers 63
Good Day,
Great comment, please allow me to inform you of what I have learned, the minimum capital required for forex is 100 $ in starting capital, however, I am still a newbie so I am practicing on Demo accounts, and it's not a fact that the higher the investment, the higher the profit, this depends on the trading strategy that you're using.
Feel free to ask for more details.
Regards,
Akwin
Hello, all brokers have different minimums generally between 100-5000. With less than 100 is not enough to trade with unless you use a cent account, in which case there is often no minimum. Regards.
Keep in mind that some borkers may announce no-deposit bonuses before the New Year!
I started my Forex trading with 100USD and then later increased the capital to 500USD
I read about a study once where the results found that $3,000 per month was a decent income based on a $30,000 deposit. Of course, this would be influenced by your strategy, skill, and various other factors but I believe that it was just to kind of get an idea to base things off of.
I know some brokers allow a min deposit of $10, but definitely not enough to be successful long term.
I would say at least $1,000.
Big investment usually returns bigger profit. It is true because there is a thing called money management. Money management suggests that a trader should not take more than 2% risk in a single trade. It means the bigger the investment the bigger the return is. However, if a trader does not know how trading should be done, no investment is big enough for him to survive in this market.
Though you can start with as little as 10 dollars. I would say starting with 100 dollars will be the best investment a beginner trader can make. The Forex market is highly leveraged, and the broker's margin can be as high as 50:1 to 3003:1, which means that both profit and loss potentials get magnified. Make sure you start the trading with less leverage to maximize your trading profit.
Don’t worry on your initial trading capital! If you have enough trading knowledge, then your small trading capital is enough here! But I guess $100 is okay, if you are a newcome here! And please don’t, don’t break the rule of money management! Forex isn’t the place of gambling!
Oh yes, I forgot about cent accounts - that's what brokers that allow trading with tiny deposits are often called. It is a good way of practicing, a great next step after a demo account, but it is indeed not much for making profit.
Similar threads
- Poll