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How much money do you need to safely trade forex

  • #21
  • Aug 20, 2017 4:12am Aug 20, 2017 4:12am
Quoting maflip
{quote} 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. That's safe and It answered his question.
but, if this trader is coming from poor community like mine or from poor village from India or Somalia and he has only this USD$200 to begin with to put food on his family table, do you think your idea is really a good one....

YOUR IDEA IS A JOKE
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #22
  • Aug 20, 2017 4:14am Aug 20, 2017 4:14am
Quoting Samer1970
NOW FOR AGGRESSIVE TRADERS "LIKE ME" {image}
That is fine bro, but his thread is asking for safety I just answered the question. He is not asking about how much money is needed to survive an aggressive account.
  • #23
  • Aug 20, 2017 4:15am Aug 20, 2017 4:15am
Quoting Samer1970
{quote} but, if this trader is coming from poor community like mine or from poor village from India or Somalia and he has only this USD$200 to begin with to put food on his family table, do you think your idea is really a good one.... YOUR IDEA IS A JOKE
Yes the idea is a good one. 95% probability this new trader will not make any food on the table anyway. Your advice is bad.
  • #24
  • Aug 20, 2017 4:17am Aug 20, 2017 4:17am
Quoting maflip
{quote} That is fine bro, but his thread is asking for safety I just answered the question. He is not asking about how much money is needed to survive an aggressive account.

BRO -CAPAYAN - READ GAIN HIS THREAD TITLE.... NO HARD FEELINGS BRO .. BUT THERE ARE SO MANY REALLY NEW TRADERS HERE AND THEY WILL BELIEVE ANYTHING WITHOUT THINKING IF THEY ARE INDEED FOR THE INCOME....

How much money do you need to safely trade forex
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #25
  • Aug 20, 2017 4:17am Aug 20, 2017 4:17am
Quoting Samer1970
{quote} BRO -CAPAYAN - READ GAIN HIS THREAD TITLE.... NO HARD FEELINGS BRO .. BUT THERE ARE SO MANY REALLY NEW TRADERS HERE AND THEY WILL BELIEVE ANYTHING WITHOUT THINKING IF THEY ARE INDEED FOR THE INCOME.... How much money do you need to safely trade forex
ok bro
  • #26
  • Aug 20, 2017 4:19am Aug 20, 2017 4:19am
Quoting Samer1970
{quote} 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......

but if you cant trade from $50 then why would you trade from 800, 5000, 25000 etc...you have no business trading if you lose 473 pips in a row doing single trades.
Dragon Rider
  • #27
  • Aug 20, 2017 4:19am Aug 20, 2017 4:19am
Quoting maflip
{quote} ok bro
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #28
  • Aug 20, 2017 4:22am Aug 20, 2017 4:22am
Quoting barloc
{quote} but if you cant trade from $50 then why would you trade from 800, 5000, 25000 etc...you have no business trading if you lose 473 pips in a row doing single trades.
Good point
  • #29
  • Aug 20, 2017 4:22am Aug 20, 2017 4:22am
BTW I can't believe I'm replying to this thread. hah hah
  • #30
  • Aug 20, 2017 4:26am Aug 20, 2017 4:26am
Quoting barloc
{quote} but if you cant trade from $50 then why would you trade from 800, 5000, 25000 etc...you have no business trading if you lose 473 pips in a row doing single trades.

it is true... Let's ask maflip if he did it when he joined forex force
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #31
  • Aug 20, 2017 4:26am Aug 20, 2017 4:26am
Quoting maflip
BTW I can't believe I'm replying to this thread. hah hah

GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #32
  • Aug 20, 2017 4:30am Aug 20, 2017 4:30am
Quoting Samer1970
{quote} it is true... Let's ask maflip if he did it when he joined forex force
No in my case I started 25 years ago with $40,000 in capital and blew it all in 2 days hah hah. This is why I'm telling this new guy here start small. I don't want him to hurt like I did the first time hah hah. Believe me these new traders are over confident just because they found out about MACD, RSI, etc etc. They think they know it all.
  • #33
  • Aug 20, 2017 4:30am Aug 20, 2017 4:30am
THIS QUESTION WAS BEING ASKED HERE IN ff FOR MANY TIMES BY MANY STRONG, WEAK AND funny traders..

the answer is still

how much do you have, if you have less than 1000 usd, then go and find day job. this is not your field

why

bcz the trader must understand many things

this 1000 will be a container for removal many things from it

margin
night swap
floating loss
losses if he is using stop loss


even the great traders will not make 100% correct trades...
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #34
  • Aug 20, 2017 4:32am Aug 20, 2017 4:32am
Quoting maflip
{quote} No in my case I started 25 years ago with $40,000 in capital and blew it all in 2 days hah hah. This is why I'm telling this new guy here start small. I don't want him to hurt like I did the first time hah hah. Believe me these new traders are over confident just because they found out about MACD, RSI, etc etc. They think they know it all.

i understand you well, myself i had blown many accounts . but your way of passing the information was totally a surprise for me as i know your writings.

again capayan no hard feelings
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #35
  • Aug 20, 2017 4:37am Aug 20, 2017 4:37am
Attached Image
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #36
  • Aug 20, 2017 4:49am Aug 20, 2017 4:49am
The question itself is paradox. There is no safe amount. You can burn any money with the wrong strategy. Too much money gas its own dangers, because it can't find liquidity and overshifts the price. Some strategies work only with smaller accounts because of this, but this isn't a danger for most traders
Only my scepticism keep me from being an atheist. Be sceptic ever.
  • #37
  • Aug 20, 2017 4:54am Aug 20, 2017 4:54am
There is no SAFE trading in forex. Forex is by definition unsafe. And even if there was, it has nothing to do with account size. If your question was how large an account you need in orded to make living from forex, it depends on what you understand by "living", but generally you need MUCH MUCH larger account than what newcomers think and what you would like to think and what is written on forums by most traders. Those spredsheets with calculations about making X% per day or per week or per month are wankers dreams. The market can mess with any spreadsheet and calculation and it can decide to give you nothing, or worse - to take what you already had.
  • #38
  • Aug 20, 2017 5:35am Aug 20, 2017 5:35am
Quoting feline207
There is no SAFE trading in forex. Forex is by definition unsafe. And even if there was, it has nothing to do with account size. If your question was how large an account you need in orded to make living from forex, it depends on what you understand by "living", but generally you need MUCH MUCH larger account than what newcomers think and what you would like to think and what is written on forums by most traders. Those spredsheets with calculations about making X% per day or per week or per month are wankers dreams. The market can mess with any...
WHAT YOU HAVE WRITTEN IS 1/2 OF THE STORY, THE EXCEL SHEET IS TO EXPLAIN THE DANGEROUS OF FOREX NOT TO DREAM OF MAKING 1XXXXXXXXX FROM 1000

SOMETIMES THE EXCEL SHEET WILL MAKE THE OPPOSITE SIDE TO UNDERSTAND THAT THERE IS A WAY FOR MONEY management MM

TO MAKE 4% DAILY IS SOMETHING NOT HARD EVEN 10% IF YOU USE A COMFORTABLE TRADING SYSTEM TO YOUR HEART AND MIND NEAR.
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #39
  • Aug 20, 2017 5:39am Aug 20, 2017 5:39am
A DREAM
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A REAL STORY
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A VERY SAFE REAL STORY

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GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #40
  • Aug 20, 2017 8:34am Aug 20, 2017 8:34am
Hi fellows,

Interesting discussion you got going here. I will transit to full time trading shortly after 8 years of trading alongside having a regular office job. I will start with $ 150k and aim at an average weekly return of 3 % and by default risking 1 % per trade or less. My hit ratio tends to be just a little over 50 % but the key in my strategy is adding to winning positions and let the losers stay with one entry.

Looking at some of the spreadsheets here I think that if a trader is averaging a return around 5 % DAILY he is either taking on excessive risk or is trading genius and should go work for a hedge fund and make $ 50 million a year
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