DislikedHey guys. I currently reside in BC, Canada. I am currently trading with FXCM. I have had a miniaccount with only about 1k invested for a bit over 2 years. Soon, I am thinking of trading forex as a full time job. I currenly have a business that makes me 6 figures... but my passion is trading! How much should I start off with.. capital wise. 5k? 10K?
Anyone recommend any other brokers that are actually registered in BC? I have had no problems with FXCM so far... but want to make sure if I try to cash in on my winnings.. I won't get some BS answers. Anyone have any comments or suggestions?
Thanks.Ignored
imho 10k. continuously take out 50% of your profit every month until you have your initial investment taken out, so you are soon on the safe side. i stick to my money management which allows me to have 9 consecutive losers before my account is wiped out.