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How much money do you need to safely trade forex

  • Post #1
  • Quote
  • First Post: Aug 19, 2017 6:23pm Aug 19, 2017 6:23pm
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ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
depends on how much money you need as return?
Legends only move ahead!!!
Define "safely"
Return on Equity: 2017, 32.4%; 2018; 8.0%, 2019 (30Apr), 4.5%
Quoting Xeniz
Define "safely"
its a simple question dont make it hard
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
1-2 % ( profit or loss) per trade 2-3 trades a day wr over 66% 10k account gives you about 100 a day profit day trader spend about 10-12 hour a day that is about $10 per hour .... if you can't do better keep your day job....... my 2 cents green pips
Suppose you trade at 10% gain per annun , like safe investment companies, if you want to earn relative minimum wage, like 40k, you'd need 400k to be able to work forex exclusively.
HMSR
Trading safely - by itself - doesn't relate to how much money you have.
there is always, always another trade!!
Depends on your risk tolerance. I can make money safely from 10 usd in cent account.
As per my calculations and as per my experience basically you need 10k to make 100 bucks every day....so depending on how much you need daily you should have the account size.

if you need 500 bucks daily you will need 50,000 as balance.
Legends only move ahead!!!
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GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
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GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • Post #12
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  • Edited 5:07am Aug 20, 2017 4:21am | Edited 5:07am
Quoting Aussi
How much money do you need to safely trade forex

"safely" doesn't depend on money. it depends on trader's knowledge.

you have already additional 2 threads on similar subject:

Drawdown: how does it affect your trading and account 2 pages only

How large is your account and vote 1 page only
I can.I will. End of story.
$50 at .01 lot and no more than 1 pair to trade. Also, if $50 blow up. Next attempt is a month after. There simple answer.
Be like water go with the flow
Quoting maflip
$50 at .01 lot and no more than 1 pair to trade. There simple answer.
HA H AH HAHJ HA COME ON MAN - IN YOUR DREAMS

I WILL ASSUME THE BEST CASE

1:500

MARGIN IS USD$2.5 per 0.01

spread assume it 2.0 pips

so

50 - 2.5 - 0.2 = USD$47.3 equity you have

that is meaning 47.3/0.01 = 4730 points = 473 pips

what are your chances to be right in your trade 50:50

so if the price market went against you then you will stay hanged either to hit margin call after few days or hit your profit of let's say 300 points after few days or hours depending on your pair

do not be a dreamer and write realistic matters- please

ahhh... sorry i have forgotten the night swap too

assuming the night swap is -20/1 lot = -0.2/0.01

so, if the trade will stay 7 days for example, then your equity daily will be reduced by USD$0.2 AND THE FLOATING LOSS
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
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GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
Quoting maflip
$50 at .01 lot and no more than 1 pair to trade. Also, if $50 blow up. Next attempt is a month after. There simple answer.
take an example usd/cad

it went down from 1.34 to 1.25 in few days

that is 10000 points approximately....

Assuming the "new trader " listened to your idea and opened buy then he will lose it after 1 days.

Then he opened another buy " he is still new ", after 14 hours again another loss


your idea is not a trader idea ... It is a joke
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
Looks like Samer1970 as come up with the answers thanks mate
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
Quoting Aussi
Looks like Samer1970 as come up with the answers thanks mate

GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
Quoting Samer1970
{quote} take an example usd/cad it went down from 1.34 to 1.25 in few days that is 10000 points approximately.... Assuming the "new trader " listened to your idea and opened buy then he will lose it after 1 days. Then he opened another buy " he is still new ", after 14 hours again another loss your idea is not a trader idea ... It is a joke
No it's not a joke. (Maybe a little) The idea is to train with precise entries. Risking small and winning big. And while the trader is still training forget about risking more that $50 a month. Also, new trader will loose anyway. Why make them invest more that $50 if we know statistically this new trader will not make it with a 95% probability? That's safe and It answered his question.
Be like water go with the flow
NOW FOR AGGRESSIVE TRADERS "LIKE ME"

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GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
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