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Hello guys, I am looking for opinions from people who have had trading experience. I tried it for $100 and got nothing. Do you have opinions on the best amount I can trade with? Because $100 is a lot and I always lose it
To be honest I started with $10 and gradually added to it. $1000 would probably be a good amount if you can afford it, just don't get yourself into any debt to do so.
Hello guys, I am looking for opinions from people who have had trading experience. I tried it for $100 and got nothing. Do you have opinions on the best amount I can trade with? Because $100 is a lot and I always lose it
You can make money on any size account as forex is percentage based commission. With normal 33x margin $100 will secure up to 3300 of forex currency which is 0.3 lot (approx). You can trade lots down to 0.01 lot...so $100 is a great way too start learning......however if you did well and got 10% a month its going to take 7.2 months too double your money. The main is too learn first. Then you will naturally start to add more to the account in order to get to the 10,000 to 50,000 that most forex traders use. Of course you can get funded too trade so you dont need yout own money
For me.. Minimum 1000$ but if u made 10% its 100$ so.. lot of people try make a millions of these type account... 1000 or less and .. in a day or week..
Try 10.000$ - 50.000$ and then when u made 5-10% per month, u can smile
The best amount to start trading with is a highly individualized decision and depends on a number of factors, such as your financial situation, risk tolerance, trading goals, and experience level.
Generally speaking, it's advisable to start with a small amount of capital that you can afford to lose without significantly impacting your finances. This allows you to gain experience and learn from your mistakes without putting too much at risk.
To be honest I started with $10 and gradually added to it. $1000 would probably be a good amount if you can afford it, just don't get yourself into any debt to do so.