collapse

Author Topic: What is the minimum limit of investment?  (Read 6424 times)

Offline sammcgee

  • Jr. Member
  • **
  • Posts: 30
What is the minimum limit of investment?
« on: March 26, 2013, 02:17:07 AM »
I am a new here in forex trading and still not opened an account in forex trading. I am deeply studying and analyzing the information and techniques of the trade. I am little confused about the minimum limit of investment in forex trade. Some say that I can start business with as low as $ 10 but some say that it can be started with at least $ 250. What is the reality about it?
Advertising links removed

Offline fxman

  • Sr. Member
  • ****
  • Posts: 653
Re: What is the minimum limit of investment?
« Reply #1 on: April 13, 2013, 09:15:23 PM »
The minimum amount of investment can vary from broker to broker. Some broker allow $1 minimum deposit and also some broker does not allow less than $1000 deposit.
I started trading with only $60. In my two year experience of forex trading last week was the best week. As I have made $173 profit from only $27 investment in Xe markets .
But I believe that to make profit by maintaining proper mm, larger amount is important. But for beginner $100 in micro account is enough and they should select the lowest lot .



Offline oshun123

  • Full Member
  • ***
  • Posts: 127
    • Real money trading with Megadroid,Fapturbo & Turbo Morning Trade
Re: What is the minimum limit of investment?
« Reply #2 on: April 14, 2013, 01:12:55 AM »
I would honestly not think about trading forex with less than 10.000 USD. In theory you could start trading with as little as 100 USD in your account but even if you are lucky you will not make a fortune out of such a small account. Traded properly you may have doubled your account after one year...still having a small account. Probably with such a small account you take too much risk...and end up gambling but not trading.



Gesendet von meinem GT-N7100 mit Tapatalk 2

Subscribe to my trading signals: http://www.mql5.com/en/signals/3587
Follow my trades in realtime via twitter: http://www.twitter.com/oshun123
Visit my website with realtime trade information: http://www.sevenpips.com
Myfxbook account: https://www.myfxbook.com/portfolio/sevenpips-real/285279

Offline Tempestshade

  • Sr. Member
  • ****
  • Posts: 652
Re: What is the minimum limit of investment?
« Reply #3 on: April 14, 2013, 01:28:05 AM »
I would honestly not think about trading forex with less than 10.000 USD. In theory you could start trading with as little as 100 USD in your account but even if you are lucky you will not make a fortune out of such a small account. Traded properly you may have doubled your account after one year...still having a small account. Probably with such a small account you take too much risk...and end up gambling but not trading.

Gesendet von meinem GT-N7100 mit Tapatalk 2

I disagree that you need $10,000 to start trading. My first shot at forex was with an initial investment of about $500. I did indeed lose that entire amount but that was due to reckless trading. My 2nd attempt was $1800 which I am still earning healthy profits from. My 3rd account started with $775 which I have tripled so far. I trade only with EAs and more recently signals.

It is possible to make decent profits with a small initial investment.

But it really depends on what your trading style is. If you plan to be 'in' the market for days, and see big swings you will want a larger account to keep your trades well within your risk tolerance. If you use an EA with proper risk management that is in and out of the market relatively quickly you may be able to trade with a very small amount.

There is no definite set answer. You may want to start a cent account with $10-$100 to simulate a large account to get the feel for things before you go and commit a larger amount of capital. If I would re-do everything I would definitely do this. You also must remember to never treat your trading as gambling even if it is only $10. This will lead to bad habits.

At the end of the day you have to get into the market and learn. Trading a demo account will only benefit you if you already possess the proper emotions to trade live. Obviously this is my personal experience. Everyone learns differently. I know demo accounts did nothing for me, and led to me being over-confident going into a live account and burning a $500 account. It was a needed lesson, but I could have saved some money.

To summarize everything above you need to know how you want to trade to know how much of an initial investment you will need.

Now If you literally mean what is the minimum deposit a broker will accept you might be surprised to know that there are some brokers out there where only $1 is needed to start trading. Fxman pointed this out too.

David

Offline greadex

  • Jr. Member
  • **
  • Posts: 37
Re: What is the minimum limit of investment?
« Reply #4 on: April 16, 2013, 08:48:58 AM »
Some broker has an investment as low as $5. Just check on Them, like Hotforex, and Agea the broker that I use to trade, the investment is only $5.

Offline Imelda123

  • Jr. Member
  • **
  • Posts: 11
Re: What is the minimum limit of investment?
« Reply #5 on: April 18, 2013, 11:01:08 AM »
I am a new here in forex trading and still not opened an account in forex trading. I am deeply studying and analyzing the information and techniques of the trade. I am little confused about the minimum limit of investment in forex trade. Some say that I can start business with as low as $ 10 but some say that it can be started with at least $ 250. What is the reality about it?

There is no standard amount for new traders. How much to fund a trading account is decided by you depending on your financial situation. I started trading with $250 with my broker FXPRIMUS but I think they offer lower deposit now. $100 if I'm not wrong.
Trader at FXPRIMUS: https://www.fxprimus.com/

Offline pinoytrader

  • Full Member
  • ***
  • Posts: 124
Re: What is the minimum limit of investment?
« Reply #6 on: April 19, 2013, 08:56:49 AM »
the larger the amount the bigger the profit the lesser the risk :) but for starters just stick with demo, and if you go live yeah you can start with 250 or even lesser, I started with 120 dollars when i first joined hotforex a year and a half ago. just stick to micro lots and a smaller leverage for safer trading :) and best of luck. think of it as testing the waters of live trading, and in the future you can go for larger amounts :D

Offline deathlord

  • Sr. Member
  • ****
  • Posts: 1018
Re: What is the minimum limit of investment?
« Reply #7 on: April 19, 2013, 10:08:52 AM »
the larger the amount the bigger the profit the lesser the risk :) but for starters just stick with demo, and if you go live yeah you can start with 250 or even lesser, I started with 120 dollars when i first joined hotforex a year and a half ago. just stick to micro lots and a smaller leverage for safer trading :) and best of luck. think of it as testing the waters of live trading, and in the future you can go for larger amounts :D
Completely wrong statement. If in your calculation more money means more profit, then you are not using more money to reduce the risks, so the percentage risk stays exactly the same, and the absolute risk increases linear to the increase in profits.

Offline thelastbear

  • Jr. Member
  • **
  • Posts: 79
Re: What is the minimum limit of investment?
« Reply #8 on: April 19, 2013, 10:15:16 AM »
I would honestly not think about trading forex with less than 10.000 USD. In theory you could start trading with as little as 100 USD in your account but even if you are lucky you will not make a fortune out of such a small account. Traded properly you may have doubled your account after one year...still having a small account. Probably with such a small account you take too much risk...and end up gambling but not trading.

I have to disagree with your $10K recommendation. Most forex traders did not start out like that and should not. Of course you will not make a fortune, but you can execute a trading strategy with $1,000 and even smaller amounts. Leverage helps you out and as long as traders remain committed to their risk management together with their strategy they can trade in a $100 account. Those who can't manage a $100 or $500 trading account will not be able to manage a $10K account or higher. The principles are the same.


Offline oshun123

  • Full Member
  • ***
  • Posts: 127
    • Real money trading with Megadroid,Fapturbo & Turbo Morning Trade
Re: What is the minimum limit of investment?
« Reply #9 on: April 19, 2013, 10:22:24 AM »
Actually, i did not mean  you cannot start trading forex with less than 10.000 USD.

Basically I think with a small account traded correctly you cannot become rich in short term. This is the reason why most small accounts are traded with heavy risk in order to try to double or triple the account size in short term. Even if successfiul, this method will fail later when trading big accounts.

You can learn certain aspects of trading for sure even on Demo, but psychological aspects like handling fear etc. you will not learn with a small account.

But anyway, what is a big account for one person may be a small account for another person, considering where in the world you are located ;-) ...so it is not about absolute numbers ..probably the mentioning of an absoulte account size I did in my post was wrong 


I would honestly not think about trading forex with less than 10.000 USD. In theory you could start trading with as little as 100 USD in your account but even if you are lucky you will not make a fortune out of such a small account. Traded properly you may have doubled your account after one year...still having a small account. Probably with such a small account you take too much risk...and end up gambling but not trading.

Gesendet von meinem GT-N7100 mit Tapatalk 2

I disagree that you need $10,000 to start trading. My first shot at forex was with an initial investment of about $500. I did indeed lose that entire amount but that was due to reckless trading. My 2nd attempt was $1800 which I am still earning healthy profits from. My 3rd account started with $775 which I have tripled so far. I trade only with EAs and more recently signals.

It is possible to make decent profits with a small initial investment.

But it really depends on what your trading style is. If you plan to be 'in' the market for days, and see big swings you will want a larger account to keep your trades well within your risk tolerance. If you use an EA with proper risk management that is in and out of the market relatively quickly you may be able to trade with a very small amount.

There is no definite set answer. You may want to start a cent account with $10-$100 to simulate a large account to get the feel for things before you go and commit a larger amount of capital. If I would re-do everything I would definitely do this. You also must remember to never treat your trading as gambling even if it is only $10. This will lead to bad habits.

At the end of the day you have to get into the market and learn. Trading a demo account will only benefit you if you already possess the proper emotions to trade live. Obviously this is my personal experience. Everyone learns differently. I know demo accounts did nothing for me, and led to me being over-confident going into a live account and burning a $500 account. It was a needed lesson, but I could have saved some money.

To summarize everything above you need to know how you want to trade to know how much of an initial investment you will need.

Now If you literally mean what is the minimum deposit a broker will accept you might be surprised to know that there are some brokers out there where only $1 is needed to start trading. Fxman pointed this out too.

David
« Last Edit: April 19, 2013, 10:24:17 AM by oshun123 »
Subscribe to my trading signals: http://www.mql5.com/en/signals/3587
Follow my trades in realtime via twitter: http://www.twitter.com/oshun123
Visit my website with realtime trade information: http://www.sevenpips.com
Myfxbook account: https://www.myfxbook.com/portfolio/sevenpips-real/285279

Offline ituglobal

  • Paxforex
  • Jr. Member
  • **
  • Posts: 47
  • Trading with peace of mind
Re: What is the minimum limit of investment?
« Reply #10 on: April 22, 2013, 10:03:30 PM »
oshun123:

I agree with you. Too many people don't have enough money to trade and they want to get rich. How can that be possible? You can even start with $1, but don't expect to make any living from that. I won't expect to  make an exclusive living with $5000 unless I'm ready to be a suicide trader.
Trading has become a calling!

Offline Rambo35

  • Jr. Member
  • **
  • Posts: 43
Re: What is the minimum limit of investment?
« Reply #11 on: April 24, 2013, 08:40:24 AM »
oshun123:

I won't expect to  make an exclusive living with $5000 unless I'm ready to be a suicide trader.

I disagree with that. It all depends on the trader and how much they seek to earn. Maybe for you, $5,000 is the amount, but others need much less or much more. I have started with much less, but I am not depending on forex trading as my primary source of income yet.

Offline seawater

  • Full Member
  • ***
  • Posts: 211
Re: What is the minimum limit of investment?
« Reply #12 on: June 20, 2013, 02:42:22 PM »
The minimum investment possible in any broker is 1$. Only if it is a micro or cent account and that broker allows you to deposit such a  low amount.

Offline goldenmember

  • Full Member
  • ***
  • Posts: 336
Re: What is the minimum limit of investment?
« Reply #13 on: June 23, 2013, 04:44:15 PM »
Actually, i did not mean  you cannot start trading forex with less than 10.000 USD.

Basically I think with a small account traded correctly you cannot become rich in short term. This is the reason why most small accounts are traded with heavy risk in order to try to double or triple the account size in short term. Even if successfiul, this method will fail later when trading big accounts.

You can learn certain aspects of trading for sure even on Demo, but psychological aspects like handling fear etc. you will not learn with a small account.

But anyway, what is a big account for one person may be a small account for another person, considering where in the world you are located ;-) ...so it is not about absolute numbers ..probably the mentioning of an absoulte account size I did in my post was wrong 


Well, if its worth anything I completely agree with Oshun.
Interested in investing with me? My website is at bestpammaccounts.com


Offline Forexrider

  • Full Member
  • ***
  • Posts: 376
Re: What is the minimum limit of investment?
« Reply #14 on: June 24, 2013, 01:21:10 PM »
The minimum to open an account in any broker almost starts from $1, but that doesnt make any sense for trading. Learn and then put some $200 or higher and start making money.

 

browse forum

* Recent Posts

Re: SFE Price Action EA by ccjhuang
[Today at 06:41:48 AM]


Re: Best Scalper by bestscalper
[Today at 01:14:19 AM]


Re: Swap Master - Market Neutral Arbitrage Trading by petersurrey
[Yesterday at 11:17:11 PM]


Re: economic news in MT5 by Caesar99
[Yesterday at 08:53:07 PM]


Re: economic news in MT5 by Hilapur
[Yesterday at 03:54:02 PM]


Re: Swap Master - Market Neutral Arbitrage Trading by petersurrey
[Yesterday at 10:42:11 AM]


Re: PZ Bollinger Band EA Set File by diyforexskills
[Yesterday at 04:48:47 AM]


Re: EA Controller by diyforexskills
[Yesterday at 01:14:39 AM]


Re: What Is Your Take On Forex Robots / Machines by fxopen78
[Yesterday at 12:15:58 AM]


Re: Swap Master - Market Neutral Arbitrage Trading by dutchie
[November 15, 2019, 08:59:29 PM]