I think no one can give you a specific amount of money that will enable you to start trading but any amount of money available at hand can help to start depending on the magnitude and how you want it to be.
How much is it needed to start up trading with?
- Thread starter UsmanAmoyo
- Start date
yes you are very right, some brokers accept deposits for as low as $5like binary.com, so you can pretty start trading with any amount you have, your capital does not matter, what matters is your technique.
Actually alot is needed to be able to start any form of trading both online and offline so that at the process, you won't meet up with some deficits or financial challenges in meeting up with some demands.
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you do not need a lot of money to run forex trading at first, you just need to have the needed knowledge and also you need mentorship, you need someone to guide you properly.
Its depend on broker which you are working with the broker that you have may set their minimum deposit to atleast $5 so this can be gotten through forum posting work very easyly just make few post and you are done then use the money deposit and apply leverage
Newer traders and investors typically have lower opening capital and prefer to start with smaller contributions. It is possible to begin Forex trading with as little as $10 and, in certain cases, even less. Brokers require $1,000 minimum account balance requirements. Some are available for as little as $5.
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$10 to get started for me is not enough do you know why am saying this if you want to earn huge amount of money its better you deposit something good the higher the money you deposited the higher your margine and chance to win
Stock trading is the act of buying and selling securities in which short-term strategies are employed to maximize profits. Active traders take advantage of short-term fluctuations in price and volatility. Casual investing involves buying and holding securities, with the investor focusing on long-term strategies to maximize wealth. Moving from casual investing to active trading is a big step.Therefore, it is important to understand the implications of making the switch, such as paying larger commissions, which could wipe out your gains before you begin.The amount of money you need to begin day trading depends on the type of securities you want to buy. Stocks typically trade in round lots, or orders of at least 100 shares. 1 To buy a stock priced at $60 per share, you will need $6,000 in your account.
$50 is enough for a start. But that implies that before you could be able to raise that $50 to $100 you have to be so good in trading which you could prove it by using a demo account to trade for sometimes to test your trading skill.
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In other to earn a considerable amount of money you n trading you need to have good amount of capital to start it up, the More capital you have the high chance of earning a good amount.
If you want to earn a good amount of money in trading you need to invest a good amount, if you are trading with a small account you have thin chances of succeeding.
Lack of capital is a common reason why some profitable traders are not successful in the field of trading.
Without proper capital, gambling is inevitable.
Without proper capital, gambling is inevitable.
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I think no one can predict a specific amount that will be enough but I believe you can start with any amount you felt like to and it's more available for you. it's unpredictable due to it fluctuations in value.
That's true, that's why a lot of people like to have a good amount of money to start trading with, I like how you try to keep it very simple with you, I'll like to have the knowledge of forex trading.
That's just the truth, if you have a good amount of capital in forex trading you are going to enjoy what you are doing, trading with small account is kind of risky.
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Trading with a huge amount of capital is a good idea, a lot of people don't really understand this, I don't think you can get what you want if you are trading with a small account.
A lot of forex brokers have set it in such a way that you can start trading with at least $10 but I do not advise that you should start with that. You are only going to be seen sufficient progress if you are starting with something meaningful of $50 and above.
You have get it right, if you are trading with small account you are going to be earning a small amount of money, I'll advise you to have a prop firm account, it will very much help.
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That's just the fact, if you are trading with small account you need to be very careful because you might blow the account, trading prop account will be a good idea.
Prop account are really good especially if you know what you are doing, you can earn a considerable amount of money trading a prop firm account, that's why I like prop account's.
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