How Much Capital to Start Trading Forex?

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!

by John David