How much is it needed to start up trading with?

[Immilash]

Your trading psychology is more important than anything else, if you do not have the perfect trading psyche, then you would be in for a very long thing as you would lose a lot of money

That's true, but that's not the only thing that will make you a profitable trader, having a Trading psychology is very important it will help you a lot, I'm saying this in experience of what happened to me.

 

[tray59]

The clear truth is that most of the traders start with nothing less than $1 that's to say there is no less amount or specific amount to start up with. you can based on your status.

For someone like me it's very poor starting trading with $1 I will advice that you save up to $50, it's going to increase your margin I don't know if Liteforex still accept $5 minimum deposit but back then I invested minimum of $10 with Liteforex and start trading with them

 

[Abigael]

Forex trading is a very risky venture to get into. But the risks can be minimized by learning and practicing. That is why you should start the trading with a small amount. Most people start with $100.

 

[Syldan]

I think there is no any specific amount of money fixed to start trading with but any amount at your disposal can start.
You don't have to be great to start but start to be great.

 

[eenya00]

I think there is no any specific amount of money fixed to start trading with but any amount at your disposal can start.
You don't have to be great to start but start to be great.

there is no specific amount but you can start trading forex with the intended amount you wish to start by using a demo account, this would give you hands on practical experience before trading with real funds.

 

[tray59]

If you can check my previous post I wrote that it's all depends on your broker and how much they accept per deposit brokers are not the same but
I think $50 should be enough to get started if you are very sure that you want to start trading also consider leverage if you don't have enough capital

 

[Kennysplash]

It totally depends on the trading platform that you are using. There are some platforms where you can start to trading with just $5 while others require $100 capital to start. So it varies

 

[Lens]

I think the minimum amount that will be suitable to trade forex is $100. With this amount of money, you can still trade forex favorably and make reasonable money if you understand how to analyse the market.

 

[Yohanna]

I have seen people who started trading Forex with $200 and they believe that the minimum amount that you could use in the forex market is using $200.

 

[Danny4cash]

The truth is you can start with any amount you have. But you won't be making substantial profit from your trading. As a beginner, I will advise you to start with something like $100.

 

[Yohanna]

You can make wonderful income from forex if you have a start-up capital of $100 so many people started Trading Forex with just $100 and they' were able to turn it over..

 

[eLdavis]

These days it does not really require much to actually start a trading account, there are platforms and brokers you can actually use even ten dollars to start up your trading career, the most important thing is that you actually know how to trade.

 

[Yohanna]

These days it does not really require much to actually start a trading account, there are platforms and brokers you can actually use even ten dollars to start up your trading career, the most important thing is that you actually know how to trade.

It is very correct that you don't really need much money these days to engage in forex trading . With little amount of capital, you can start of and if you are experienced, you can multiply it .

 

[Danny4cash]

I would always emphasize especially to beginners that going with a little capital is like going to a battle with a single bullet against the enemy with a loaded machine gun and expecting to win the battle.
It is advisable to startup trading with at least $100 for training .
But ideally it is not below $25,000 .
You can leverage on propfirms

You're very correct. Starting a forex trading with small capital will no bring much profit and at the long run, it might lead to loss. Getting few cents as profit in a trade won't help at all as loss is part of forex trading. Even $100 is small but it can be use as startup capital, especially for beginners.

 

[Emmy]

The kind of trading will determine the amount you will use to start. You will need to determine the kind trading, and calculate your expenses before you keep it operating. The amount shouldn't less than $100.

 

[Riberet19]

I think that in trading you have to start with a decent capital to cover your back so as not to finish early out of the game, I would say that starting with $ 500 or $ 1000 is quite good also depending on the value of your trades, but that amount could be quite decent.

 

[Syldan]

Actually there is no specific amount of money that is fixed to start up trading with but I believe any amount of money you have, can help you to start depending on how you want your income to be like.

 

[eenya00]

The minimum amount needed to start forex trading is $100 because that is a reasonable amount of money that can safeguard you against total losses of money which could demotivate the trader from trading

Hundred dollars is not the minimum amount needed to start trading the forex market as there are some brokers that takes way more less than a hundred dollars

 

[Yohanna]

It is extremely advisable to start up with small capital because that is what will project and protect your fund. You must be well experienced before you start investing big.

 

[Genie01]

It is extremely advisable to start up with small capital because that is what will project and protect your fund. You must be well experienced before you start investing big.

You are right,
You are not experienced in financial market trading you might end up losing a capital because the skill is difficult to acquire. It is always advisable to start small before thinking of expansion after the skill is acquired.