start up capital

[CaseyAR]

I have to agree with those saying put in the $100 at a place like Oanda. It's what I've done and it's gotten me back into the game after a bit of a stagnating period after two and a half years of strategical practice and testing without any real money on the line. Just make sure you go somewhere that will allow you to trade small amounts of capital without over-leveraging.

[yunny1]

If someone makes only 1% per week than he is not made for forex.

newbies giving advice to newbies...

[JJ6845616]

you will live like a king if you can make 1% weekly compounding ok? do your math my friend. Remember trading is a marathon! it's not sprint!

I know that if we have 1K capital and we could compound 25% per week than after 24 months than we'll be making 53,000$ per month.That's the amount about which the Maths tells us but i wish that forex traders could be as practical as mathematics.
I admit that trading is a long journey but what if u have a low capital at the start?Making 1% per week won't be enough my friend and you'll be frustrated at some time.

[Jim Anderson]

I have to agree with those saying put in the $100 at a place like Oanda. It's what I've done and it's gotten me back into the game after a bit of a stagnating period after two and a half years of strategical practice and testing without any real money on the line. Just make sure you go somewhere that will allow you to trade small amounts of capital without over-leveraging.

My suggestion would be to start small and build into it. This way you are not risking your own capital, but you are risking the market's money. Many new traders get so impatient and feel that one needs money to make money, this is true, but in Forex trading it is a bit different. One needs skill to make money. And if you are using the School of Forex's money, it experience can be a pretty cheap tuition

[bobmaninc]

My suggestion would be to start small and build into it. This way you are not risking your own capital, but you are risking the market's money. Many new traders get so impatient and feel that one needs money to make money, this is true, but in Forex trading it is a bit different. One needs skill to make money. And if you are using the School of Forex's money, it experience can be a pretty cheap tuition

Yep agreed I have said it before and will say it again. I may not be rich but I do know there is not much better than trading OPM (other peoples money )

[SoundOfLight]

how much... how much you got? what are your overall intentions?

when i was trading stocks, the common guideline was 10k min balance, but there the costs to put on a trade are higher esp for the little guy. what i mean by higher is that you'd normally have to deal with a fixed dollar amount of cost, like $20 round trip (plus spreads & ECN fees). on forex, the costs scale with the account / position, so trading small costs small, and trading big costs big - but it's still the same percentage cost so it's more tolerable.

start with 1k if you can, and feel free to trade (live) for the first week or month as if you only have 100 in there. if/when you feel more confident, trade as if you have 300 in there. then, as if you have 1k in there (which you do!) this way, as you trade 'as if you have xxx', you don't need to worry about re-funding it from time to time cuz the money is already there but you're 'reserving' it and will 'release it to yourself' when you earn the right to do so.

my opinion (and everyone has one) is that if you're gonna do this, then by golly DO THIS WITH GUSTO. show yourself some commitment and deposit 1k or even 3k if you have it. and start by trading small despite this balance - but know that you HAVE committed to in time trading that WHOLE balance.

[alusman]

$100 would be too less and 5000 thousand would be too high if you have done your home on demo accounts and know what you have to do than start with $500 that should be ideal. best of luck

[DAVID NJERU]

This sounds like a similar case from my side. i come from a 3rd world country and its only been 4months with no gains in Forex business at all but still won't quit coz i believe this is the best legal business ever. Starting with a capital of $1000 is alot more and you almost a millionaire with that kind of money in here let alone $5000. $500 is still alot.. As am waiting for the fundamentals news, i will go for $100 to trade with after i blew my whole account last month.

[DAVID NJERU]

My suggestion would be to start small and build into it. This way you are not risking your own capital, but you are risking the market's money. Many new traders get so impatient and feel that one needs money to make money, this is true, but in Forex trading it is a bit different. One needs skill to make money. And if you are using the School of Forex's money, it experience can be a pretty cheap tuition

True. One needs skill to make money.

[kevodhi]

very funny Serioustrader52. Why say that unless you live in Kenya. I live in Kenya, What's the big deal with Kenyans?