Quote:
Originally Posted by Pipcrawler
With only $5K USD, I would stick with trade 1K unit lots. You can practice sound money management this way - one of the keys to survival in this game!
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Quote:
Originally Posted by hello1234
i would recommend you FXCM as i am also trading with them. 5000 USD is good amount to start and you can make money. i am not sponsoring them at all. it is there simplicity and easy trading station that will facilitate you. start there mini trading account but first if you have traded some strategy on demo and know its rule and have confidence in that along with pure money management both in lot sizes and stop losses along with selection of currency pairs. if you dont have than this would be a sure way to destruction what so ever your broker may be.
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Quote:
Originally Posted by piplicious
Oanda allows you trade micro lots and even smaller if you wish. I agree with fanatic. If you gonna trade with a 5k, stick to FxSol or Oanda although they're not my first choice. Due to your initial capital, you already limit yourself to broker choices.
I would NOT even think of trading mini lots with 5k. That's suicidal. You will not last long in this market.
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hallo guys, thanks for your opinions. some of you are telling me it is Ok with 5K and some of you are telling me what to trade. i am really not sure what to do.