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Author Topic: How To Trade with just $20?  (Read 5370 times)

Offline goldenmember

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Re: How To Trade with just $20?
« Reply #30 on: November 30, 2013, 09:20:20 PM »
You have to consider how much your time is worth. If you feel that the gains from $20 are worth hours of your life trading then you are not valuing things correctly.
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Offline nwboater

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Re: How To Trade with just $20?
« Reply #31 on: November 30, 2013, 09:38:43 PM »
You have to consider how much your time is worth. If you feel that the gains from $20 are worth hours of your life trading then you are not valuing things correctly.

It may depend on where he lives and what incomes (if any) may be. Also if he uses a cent account it could be very educational for him without the chance of blowing a lot of money.

Cheers,
Rod

Offline goldenmember

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Re: How To Trade with just $20?
« Reply #32 on: November 30, 2013, 09:55:19 PM »
Even in Guatemala, one dollar per day income is under the poverty line... and you are not going to make near that amount with $20.
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Offline donalduck

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Re: How To Trade with just $20?
« Reply #33 on: December 02, 2013, 08:23:25 AM »
use $20 and play poker, it's more interesting and easy to earn money than forex :D

Offline ultracat

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Re: How To Trade with just $20?
« Reply #34 on: December 03, 2013, 04:16:10 PM »
Even in Guatemala, one dollar per day income is under the poverty line... and you are not going to make near that amount with $20.

First, it's a fine amount to practice/learn with.  Second, if you are compounding your gains (once you have a successful strategy) then you won't be making a fixed amount on $20 forever; you'll be looking to grow it. 

But yes, $20 for fixed lot trading (and for real income, not just learning) would be a waste of time.

Offline indicator

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Re: How To Trade with just $20?
« Reply #35 on: July 25, 2016, 05:53:59 AM »
You can trade with $20 if you use a cent/mini account and trade on cents/pip. Such a small account is good for practice and its better than trading on a demo account because demo account trading has no emotional attachment with trading.

Offline Forex Verified

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Re: How To Trade with just $20?
« Reply #36 on: July 25, 2016, 04:27:41 PM »
Quote from: indicator link=msg=356657 date=1469422439

You can trade with $20 if you use a cent/mini account and trade on cents/pip. Such a small account is good for practice and its better than trading on a demo account because demo account trading has no emotional attachment with trading.


It's true. Otherwise, it's best to spend $20 on something else.
« Last Edit: July 25, 2016, 04:28:07 PM by Forex Verified »
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Offline hybrid

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Re: How To Trade with just $20?
« Reply #37 on: August 03, 2016, 01:28:57 PM »
Yes $20 can be used in cent accounts for practicing. In demo we not manage our actual amount with $20 it is experience of real trading how to use your real money in trading with proper risk. In micro accounts pips are traded at very low cost

Offline resistance

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Re: How To Trade with just $20?
« Reply #38 on: August 03, 2016, 02:18:25 PM »
Some broker offer cent account, and offer low minimum deposit from 1$ and if using cent account start with 20$ hence in account trading as trader will see having margin 2000 pips because 1$ equivalent with 100 cent

Offline drunkfx

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Re: How To Trade with just $20?
« Reply #39 on: August 03, 2016, 04:29:55 PM »
Quote from: resistance link=msg=356858 date=1470230305

Some broker offer cent account, and offer low minimum deposit from 1$ and if using cent account start with 20$ hence in account trading as trader will see having margin 2000 pips because 1$ equivalent with 100 cent

I think for newbie it'd be more suitable to trade micro lots for example with Hotforex it offers trading on 0.01 lot it equals 1000$ trade perfect fot testing waters, placing long-term trades without risking too much of your own capital.

Offline indicator

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Re: How To Trade with just $20?
« Reply #40 on: August 04, 2016, 05:59:09 AM »
$20 is a very low amount in forex market. But if you are consistent and can keep your balance for a few months then you can increase it to a reasonable amount.

Offline resistance

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Re: How To Trade with just $20?
« Reply #41 on: August 04, 2016, 01:50:31 PM »
Yes as trader they can start with 20$ and increasing these money because some broker offer low minimum deposit even use 20$ also can use cent account for learning purposes, but skill is very much important of course

Offline Confrontation Girl

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Re: How To Trade with just $20?
« Reply #42 on: August 13, 2016, 05:16:42 AM »
20$ is a small amount to start but newbie has to start with small amount only so that they can manage account and if they face any loss it will not more then it.

Offline resistance

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Re: How To Trade with just $20?
« Reply #43 on: August 13, 2016, 01:53:27 PM »
Yes usually newbie still curious how to trade in real account, they want to making profit but only start with small capital, and this is also good to learning if trader choose cent account, in addition if broker offer bonus deposit, it will help them to making strongest margin

Offline Connann

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Re: How To Trade with just $20?
« Reply #44 on: August 13, 2016, 07:53:11 PM »
Im doing it.

And my account is pubblic.

Just use Fx trade made ez, i found it the only system with so less amount of money
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