Can one start dealing in forex with $10

[Dowenship]

U can use this period of waiting to learn it with no capital, go for trainings and download or watch videos on YouTube!. If u go into forex without knowing the foundations and guidlines to it, I pray u don't regret becauss it comes with high risk and losses.

 

[Ralphjoe]

For forex trading, $10 is actually the minimum amount to start trading with on most brokerage platforms. Like olymptrade that I used in the past has $10 as the minimum amount to start trading with but I won't advice you to start trading with such a small amount as that as much concrete trading strategies can't accommodate such an amount.

 

[Iamsodex]

That depends on the broker you want to register with buh most brokers that allow trading currency pairs always have a minimum of $100. I will advice one start with at least $100 capital because the more your trading capital the more you use a better lot size which actually determines your return in the market when trading.

 

[GoldenLady]

You would be able to start with $10 in forex trading, but you should treat that money as a gamble.

Even if you make any profits from it, it would be really low, and the risk of losing it all is actually higher.

 

[Kinglegend01]

I am assuming you have gathered a lot of information considering forex and you know what you are getting into. . I don't think it's wise to start trading with such amount of cash. Because you can easily lose it for just a single trade. It's advisable to start with good amount of money during trading. Also you need to study your marker and know when its the right time to trade.

 

[Khezo]

Oh okay thank you very muc

Oh okay thank you very much

Before

Before you start trading forex, you have to understand the market trend and everything about the market. You have to use demo account to practice but note demo account is not the same as real account. And to answer your question yes places like Olympic trade and IQ options you can start with $10

 

[Akinwale701]

I have been thinking of going into forex trading for quite a while now but due to what I've been hearing I decided to hold on a bit and I ascertained that anytime I am opportuned to make enquiries about it, I will

you surely can start forex trading with any amount of money depending on the forex trading App you're using... For example, octaFx trading App allows it's users to start with a deposit of at least 20$ which means as far as octafx us concerned, you can't start with 10$

 

[Damscooguns73]

Concerning if an individual can start up the forex account with $10. Well, it is possible to start up with that amount, that is the least amount in some forex broker platforms, so one need to have learned, study and make some demo practises before putting in real cash

 

[Ebuka Stephen]

Yeah sure, but for you to venture into forest you must have learned enough about it, forex deals with stock manipulative. It takes someone who has the passion for it and also someone good in trading and Networking to venture into it

 

[Richard92]

Yes it is possible you can start forex trading with just ten dollars and you will make good profit if you understand the trading and how it operate. One thing you need to know is that you need to understand the training because people who do not understand how it operate end up losing their money that they invest.

 

[Lyrrex]

You can trade forex with how much money you want to trade but there are some forex brokers that will say that the minimum you can trade forex will be $50 there are ones that will says $100,whatever your forex brokers said you must accept their terms and conditions ,if you trade forex with $10 and you make 10% of what you invested in a day ,how much profit will you make..?

 

[Aniwhyte]

Of course yes but you would be getting little to nothing as return, so it doesn't worth it. If you can't add to the amount you already got then you could give it a try, but if you can't then no need wasting the little that you already got.

 

[Afrinish]

That's the minimum deposit amount in some forex broker platform. I don't think it's wise to start trading with such amount of cash. Because you can easily lose it for just a single trade. It's advisable to start with good amount of money during trading. Also you need to study your marker and know when its the right time to trade.

 

[Kamon c4]

This depends on the broker app. Some brokers only allow a minimum of 100,000 units with a margin call of at least 1% making $100 minimum deposit atleast for a trade while some allows 10,000 1% Mc making $10 minimum for a trade. Also some accepts less

 

[Highflyer]

Yes, you can start trading with US$10. You can find so many trading platforms in market but IQ Option is the best platform for trading with less budget and you can trade Binary Options and crypto currencies.
Ways to Grow A $10 Forex Account

1. Have the right strategy. ...
2. Keep learning. ...
3. Have a proper risk management. ...
4. Don't think about recovering losses. ...
5. Research, Research, Research. ...
6. Stop overtrading. ...
7. Maintain consistency. ...
8. Focus on trading rather than making money.

 

[Suba]

If only $ 10 is too small, at eToro the min deposit is $ 50, and most forex traders around $ 100, but if you trade with too little capital and take too high leverage you will often be hit by a margin call.

 

[Blue house]

Yea, but it depends on how you analysis your market or the strategy that you use, for you to be able to that you will have to find a strategy that will suit that kind of money, I know many that have started with that kind of money and sometimes lower, but as a new trader you will have to have practice hard on demo and develop confident before you start.

 

[Akumari45]

Yes, you can start Forex trading with $10 provided the broker you're using allow it. Like binary.com, the minimum funding is $10 and minimum staking fund is as small as $0.1. Irrespective of the size of your fund, what matters most is to have good trading plan, training and resources tool. With this in place, you can build big earning from this small capital.

 

[Abelcairo43]

If you want to venture into doing forex, you will have learn really hard, practise with demo account, after that you can now move to live account with any amount you want to start with. That your $10 is also a good amount to start on e you can apply all the necessary analysis. You are suppose to apply.

 

[Adetayo100]

Yes, you can start forex trading with just $10 and even less than that. Forex brokers have some minimum deposit requirements to open account with them. Some have little high like $500 or $1000, but there are some who need only $5 or $10 to open an account.