Im new to forex,how much capital would you need to play $10 per pip with no leverage?
DislikedIm new to forex,how much capital would you need to play $10 per pip with no leverage?
Disliked$10 per pip = 1 lot = $100000 margin at no leverage (or 1:1 leverage).
Plus, add the spread and assuming an average 20 pips risk per trade you should have at least $105000-110000 to start off, to cover for eventual losing streaks while maintaining the starting position size...
At a higher leverage, like 50:1 or even 100:1, you could use a much smaller capital, like 5 to 10K.
But... being new to forex it is highly recommendable to start with much less position size to test the waters and learn thoroughly before you jump and risk higher amounts....Ignored
DislikedThe CME offers e-mini and e-micro futures on currencies.Ignored