Razor1911
Active member
Most of the beginner trader faces hard time in the forex market. The reason for their situation is their inexperience and lack of knowledge. Since the forex traders joins the market for the first time, they don't have necessary exposure of the market earlier. Due to which they have to face tough time here.
To minimise the risk of loss, it is paramount that a newbie trader at first should draft a plan. Forex market is very uncertain, it moves from here to there in no time. In such a highly volatile market, when we trade with a plan it will help to minizmyie the risk.
And one part of that plan is the minimum amount for trading. Usually it depends upon many factors. But usually I prefer to trade with $500. It gives enough margin for use to cover up any losses in case market moves adversely. Many brokers do allow deposit as low as $10 but we must beware of such minimum deposit as it is very risky to trade with low margin.
To minimise the risk of loss, it is paramount that a newbie trader at first should draft a plan. Forex market is very uncertain, it moves from here to there in no time. In such a highly volatile market, when we trade with a plan it will help to minizmyie the risk.
And one part of that plan is the minimum amount for trading. Usually it depends upon many factors. But usually I prefer to trade with $500. It gives enough margin for use to cover up any losses in case market moves adversely. Many brokers do allow deposit as low as $10 but we must beware of such minimum deposit as it is very risky to trade with low margin.