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How much money do you need to safely trade forex

  • #141
  • Sep 4, 2017 4:04pm Sep 4, 2017 4:04pm
Quoting GodfatherSam
There's nothing too much for the Forex Trading to attain safety. Thus you needed to have lots and lots of knowledge and experience and skills, to become successful in the Forex Trading.

thank you for commenting
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  • #142
  • Sep 4, 2017 4:30pm Sep 4, 2017 4:30pm
Quoting BonyAmin
This is the question that I have asked myself so many times. When I started, I had $100 and I thought that if I had $1000, I will be very much safe. However, when I got to $1000, I felt that maybe $5000 will be great for consistent earning and also safety. Now, I am near that and I am feeling that if I have $10000 then it will best and most secure, but I guess we will never stop at one figure!

It's called the in trading my friend

This is why we are here
  • #143
  • Sep 4, 2017 4:55pm Sep 4, 2017 4:55pm
Hahaha!!!..
I have seen here lots of answers and questions that answer the questions of novice traders about how to lose their money in favor of the older more experienced ones.
Good job guys. Keep up the good work!...
The greatest risk in life, is not taking one!
  • #144
  • Sep 4, 2017 7:09pm Sep 4, 2017 7:09pm
Quoting attrium
Hahaha!!!.. I have seen here lots of answers and questions that answer the questions of novice traders about how to lose their money in favor of the older more experienced ones. Good job guys. Keep up the good work!...

thank you for your comment
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  • #145
  • Sep 4, 2017 7:11pm Sep 4, 2017 7:11pm
Quoting Dingoman-two
{quote} It's called the in trading my friend This is why we are here
you got that right mate
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  • #146
  • Sep 8, 2017 5:33am Sep 8, 2017 5:33am
I guess forex trading allows us to make some good returns on our investments however it would be better if we should diversify our funds just to ensure the funds safety.
  • #147
  • Sep 8, 2017 4:22pm Sep 8, 2017 4:22pm
Quoting jollypk
I guess forex trading allows us to make some good returns on our investments however it would be better if we should diversify our funds just to ensure the funds safety.
thank you for your comment
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  • #148
  • Edited 10:34pm Sep 9, 2017 10:22pm | Edited 10:34pm
Quoting Ace66
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
Ace66, what would be the risk per trade? Would it be 1% or 2% or 3%, or more?
"Dream big and dare to fail." - Norman Vaughan
  • #149
  • Sep 9, 2017 11:14pm Sep 9, 2017 11:14pm
Start with $0 and save yourself a lot of time and misery.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #150
  • Edited 8:41am Sep 10, 2017 8:14am | Edited 8:41am
-trade no margin for each trade.
-trade more than one market. helps from creating a bias
-dont use stops
-dont buy when near new highs and sell when on lows
- know exactly how much each market is likely to move in a day and weekly range.
- never let a single losing trade reach 1% of total account.
Thanks I do this often.
  • #151
  • Sep 10, 2017 6:35pm Sep 10, 2017 6:35pm
Quoting charterjoe
-trade no margin for each trade. -trade more than one market. helps from creating a bias -dont use stops -dont buy when near new highs and sell when on lows - know exactly how much each market is likely to move in a day and weekly range. - never let a single losing trade reach 1% of total account.
thank you for your post i also like your other posts
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  • #152
  • Sep 10, 2017 6:36pm Sep 10, 2017 6:36pm
Quoting The Fool
Start with $0 and save yourself a lot of time and misery.


true mate especially when your learning
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  • #153
  • Sep 12, 2017 2:17pm Sep 12, 2017 2:17pm
Quoting Ace_1
{quote} Ace66, what would be the risk per trade? Would it be 1% or 2% or 3%, or more?
1-2%
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  • #154
  • Sep 12, 2017 2:19pm Sep 12, 2017 2:19pm
Quoting Hmsr
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.
if you make 10% per annum... give your money to some company or individual to trade lol... its not worth it to do it yourself... in other words, your startegy just is not good enough
  • #155
  • Sep 12, 2017 5:27pm Sep 12, 2017 5:27pm
Quoting Don96
{quote} if you make 10% per annum... give your money to some company or individual to trade lol... its not worth it to do it yourself... in other words, your startegy just is not good enough
and how much do you make per annum ?
  • #156
  • Sep 12, 2017 5:35pm Sep 12, 2017 5:35pm
Quoting metta87
{quote} and how much do you make per annum ?
LOL, he is top1% red diamond member!!
he doesnt need to earn anything, just live on reputation!
there is always, always another trade!!
  • #157
  • Sep 13, 2017 8:32pm Sep 13, 2017 8:32pm
Quoting profitfarmer
{quote} LOL, he is top1% red diamond member!! he doesnt need to earn anything, just live on reputation!
interesting ------red diamond member
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  • #158
  • Sep 14, 2017 5:09am Sep 14, 2017 5:09am
It does not depend on how much you want to win. The amount depends on how much you are willing to lose.
One thing I know for sure is that a deposit of less than 1000USD will only take up your time. Even if you win, it will be a cheap job and a lot of wasted nerves. You must first provide yourself with the opportunity to spend 10k USD on forex and do not experience any problems at the same time.
  • #159
  • Sep 14, 2017 5:28am Sep 14, 2017 5:28am
It is totally dependent on the individual. It depends on the maximum amount you want to earn as a profit or the minimum amount which you can afford to lose.
  • #160
  • Sep 14, 2017 12:16pm Sep 14, 2017 12:16pm
I have around a 5-6 hundred dollar account I have just started out with the strategy I have created so far I plan to be able to make a couple hundred a month and will continue to add more funds to my account when I have spare funds.
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