You are currently not signed in.

Please sign in or register.

What is the ideal amount of deposit a newbie has to start with?

გვერდი: 1 2 3 >
Nov 14, 2013 11:36 am
#1
Omar33 User

გვერდები: 22
გაწევრიანდა: 22/08/2013

Hey guys,rookie question here! If you are a newbie and have limited knowledge,do you have to start with low deposit to test forex?

Share your experience!!

https://www.fxstat.com/widget/link?t=small&c=7&s=19015&o1=growth&o2=drawdown&o3=monthly&o4=equity

Nov 14, 2013 11:40 am
Fx123 User

გვერდები: 37
გაწევრიანდა: 20/08/2013

You should start with an amount that you can afford to lose - see the initial deposit as your education fee. 

You also need to decide what you want to make. Say that you think you can make a gain of 25 pips per day. With a 10K lot that is 25USD. 

To keep your leverage at a decent level you would need 1K deposit for every 10K. So if you think 25USD gain per day then 1K is good. 

If you want to make 50 USD per day then 2k depost and so on.

https://www.fxstat.com/widget/link?t=tiny&c=5&s=18999&o1=growth&o2=drawdown&o3=monthly&o4=equity

Nov 14, 2013 11:44 am
A123 User

გვერდები: 37
გაწევრიანდა: 20/08/2013

Originally posted by Fx123
You should start with an amount that you can afford to lose - see the initial deposit as your education fee.  You also need to decide what you want to make. Say that you think you can make a gain of 25 pips per day. With a 10K lot that is 25USD.  To keep your leverage at a decent level you would need 1K deposit for every 10K. So if you think 25USD gain per day then 1K is good.  If you want to make 50 USD per day then 2k depost and so on.


  There are some traders who trade with a higher leverage than that, but as a newbie with little experience you might get in trouble sooner than later by doing that!!!

https://www.fxstat.com/widget/link?t=wide&c=1&s=18981&o1=growth&o2=drawdown&o3=monthly&o4=equity

Nov 14, 2013 01:18 pm

გვერდები: 35
გაწევრიანდა: 05/11/2013

Originally posted by Omar33

Hey guys,rookie question here! If you are a newbie and have limited knowledge,do you have to start with low deposit to test forex?

Share your experience!!

 





If you're a newbie isn't it safer to demo trade until you're more confident? that would theoretically bypass the "education fee" mentioned by FX123 and allow you to test forex without the usual financial risk and learn more in the process....


can you tell us how it goes for future reference? thanks!
 
http://www.fxstat.com/widget/link?t=wide&c=4&s=25026&o1=growth&o2=drawdown&o3=equity 

Nov 14, 2013 10:36 pm
Gerski User

გვერდები: 42
გაწევრიანდა: 06/11/2013

On my point of view after educating yourself about forex and  a demo account.The ideal amount will depends on how much can you afford to lose. .

Nov 20, 2013 02:14 pm

გვერდები: 45
გაწევრიანდა: 06/11/2013

hey guys, i want to open an account with a broker, but with only £1000 GBP would i be able to trade decent trades? (bearing in mind the 2% rule) becase the minimum amount to buy in a demo 0.01 which is a micro lot and it already equals 1000 of any given currency...

I assum the answer relates to which currency im looking to trade, is there any you guys can recommend if my base currency is GBP?

Thanks!

http://www.fxstat.com/widget/link?t=wide&c=6&s=25061&o1=growth&o2=monthly&o3=equity&o4=profitfactor 

http://www.fxstat.com/widget/link?t=wide&c=6&s=25061&o1=growth&o2=drawdown&o3=profitfactor

Nov 21, 2013 01:44 am
Sasha User

გვერდები: 836
გაწევრიანდა: 16/05/2011

With lower deposit, there is no 2% rule as it is only for practice. If you r successfull, you can increase deposit, else you can withdraw or keep trading until you r successful

Nov 21, 2013 02:29 pm

გვერდები: 35
გაწევრიანდა: 05/11/2013

Originally posted by Sasha

With lower deposit, there is no 2% rule as it is only for practice. If you r successfull, you can increase deposit, else you can withdraw or keep trading until you r successful

 





Yup there is no minimum deposit required to open a live account to trade forex (with all brokers i think), you can either increase your deposit later, build via consistent trading profits or see the account as practice until you want to invest more into the account.

 

Hope it helps! 
https://www.fxstat.com/widget/link?t=wide&c=5&s=25074&o1=growth&o2=drawdown&o3=monthly&o4=equity 

Nov 25, 2013 04:23 pm

გვერდები: 47
გაწევრიანდა: 13/09/2013

Originally posted by Gerski

On my point of view after educating yourself about forex and  a demo account.The ideal amount will depends on how much can you afford to lose. .

 



 

yeah.and consider it as your learning fee

[grin]

Nov 26, 2013 11:23 am
Noobtrader User

გვერდები: 52
გაწევრიანდა: 07/11/2013

Originally posted by rrayne20009

 

yeah.and consider it as your learning fee

<img alt=" />

 





lol in other words dont put a month's salary as your initial deposit, you'll find it hard to eat and pay rent otherwise 

[grin]

Nov 26, 2013 10:25 pm

გვერდები: 47
გაწევრიანდა: 13/09/2013

Originally posted by Noobtrader

 

Originally posted by rrayne20009

 

 

yeah.and consider it as your learning fee

<img alt=" />

 

 





lol in other words dont put a month's salary as your initial deposit, you'll find it hard to eat and pay rent otherwise 

 

<img alt=" />

 



[grin] Yeah because IMHO,you can't expect to gain right away and there is a greater chance you'll lose than to gain so yeah better start with a small account you can afford to lose.It will take time to be profitable in forex so don't put all your month salary on it or else you'll be borrowing money from someone else to cover your expenses

[grin]

გვერდი: 1 2 3 >