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Minimum Balance to Trade Full time?

  • #81
  • Nov 5, 2018 9:37pm Nov 5, 2018 9:37pm
Quoting DaRealTrader
{quote} That minimum number applies differently to everyone and there are many things to consider. I would say 250k at least. You want to have 50k on the side, to make sure you don't need to withdraw to cover the cost of living for some time, and to have a mental buffer that you don't end up under the bridge if it doesn't work out. That will allow you to trade on 200k account and build it (if you know what you are doing) to a much larger scale with the power of compounding. It will also allow you to trade with no / very small leverage and to risk...
From what your stating, it seems like there isn't much of an advantage to trade Forex because I thought one of the real advantages is leverage. This is compounded by the fact Forex, practically speaking, is not regulated, trading against your broker, tick volume versus real volume and no central exchange. Also, I am not in a very, "user friendly" timezone.
  • #82
  • Jan 25, 2019 8:53am Jan 25, 2019 8:53am
the initial deposit with my broker is 500 currency units , and that is a good amount to start with
  • #83
  • Jan 26, 2019 4:50am Jan 26, 2019 4:50am
Quoting Dasilvja
I was just wondering if any experienced full-time traders are able to do that with a small account. Do I need $50,000 before I can trade full time? I know one should demo trade until they have a consistently profitable trading plan. Assuming one has done all that, what is the smallest account size someone could have while earning enough, exclusively from trading, to earn a living.
Check this thread, some people there make 50 % in one day, they are excellent traders. but are sitting in front of the computer all day.(not my beer).

https://www.forexfactory.com/showthread.php?t=849587

Otherwise, the vast majority of traders, systems and forums are consistent loosers (including myself).Consistent is the key word.
  • #84
  • Jan 28, 2019 8:37am Jan 28, 2019 8:37am
The more important question should be how much cash reserve is needed to stay mentally and emotionally stable and calm. Is it 1 year living expense cash reserve? Or is it 2 years of cash reserve? :-)
  • #85
  • Jan 29, 2019 12:12am Jan 29, 2019 12:12am
I think its depends on where you stay and your lifestyle.. If you live in the asia, I think USD 10,000 is a good for full-time trader
  • #86
  • Jan 29, 2019 7:54am Jan 29, 2019 7:54am
Quoting Dasilvja
I was just wondering if any experienced full-time traders are able to do that with a small account. Do I need $50,000 before I can trade full time? I know one should demo trade until they have a consistently profitable trading plan. Assuming one has done all that, what is the smallest account size someone could have while earning enough, exclusively from trading, to earn a living.

Of course the more equity you have in the account the merrier, but I would say 30k in Asian countries and 50k in Western countries if you can maintain a 10% profit monthly.
  • #87
  • Feb 4, 2019 8:50pm Feb 4, 2019 8:50pm
if you have records, you know what you can achieve in numbers

if you know your numbers is easy to find the capital you need to get the number of $ you need to live by

simple as that

if you dont know what im talking about, then you have a long way ahead asking that question.

simple again
The risk is what gives value to an investment.
  • #88
  • Feb 4, 2019 10:26pm Feb 4, 2019 10:26pm
ability to analyze the market need to be consider. so that's not too lose
  • #89
  • Feb 5, 2019 12:19am Feb 5, 2019 12:19am
i'm trading for living. My start balance only $100 but 10 years ago
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #90
  • Feb 5, 2019 4:13am Feb 5, 2019 4:13am
I believe it is better to start with a rather small amount. See what you're able to do, get more skilled and then take a higher risk. It is the same as learning to drive - you start with a cheap car and when you are sure about your driving skills, you can buy a more expensive vehicle.
  • #91
  • Last Post: Feb 5, 2019 6:32am Feb 5, 2019 6:32am
Quoting Dasilvja
I was just wondering if any experienced full-time traders are able to do that with a small account. Do I need $50,000 before I can trade full time? I know one should demo trade until they have a consistently profitable trading plan. Assuming one has done all that, what is the smallest account size someone could have while earning enough, exclusively from trading, to earn a living.

Only you know your performance so why asking ? all I can say is don't ever think about trading full time..

start small always
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