I am doing the course from this site baby pips i like studying here …i am beginer but in One topic i have read that for making Money i must go put in my account 10000 dollar…i am beginer and now i am only studying but for you how much Money you used for starting? Now i Will use only demo but i wanted to be a good trader
Demo is the right place to start, when you are ready to go live there is no right or wrong amount to start with.
Personally I would only start with a few hundred dollars mini account on 0.01 lots. When you first go live you must also master your emotions of trading with real money.
Your confidence levels, your risk preference will determine how much you ultimately want to start with.
However much you put in. Don’t risk more than you can afford!
I started with 300 GBP and lost it.
I reloaded some more and lost it.
I reloaded some more again and lost it.
Over many years, I learnt how to lose money. This then lead me to more or less breaking even. Then after some more time, my account balance was edging in the right direction…
You may decide not to spend money on education and choose the free stuff readily available on the internet instead but you will spend money for education from the best teacher of them all and that is the market herself.
She does not have a course, she does not tell you what your mistakes are. You have to work out what the lessons are for yourself.
You cant learn this business for free, no way.
Start with an amount you are comfortable with, trade micro lots and work your way up.
Just my opinion.
Defo start with demo money until you know what you’re doing. When you do start trading with real money you don’t need £10k to get started. Think I started with a few hundred pounds
I must to follow all course and try with metatrader platform…the course is very hard and with many topics…l hope ti follow It All without Lost my energy
Just take your time, it’s not a race
You can make enough starting with any amount and things compound. Get your strategy working fora few months on demo before you even think about it, then you can assess how much you can put in and are willing to lose
The more money you will invest, the higher is expected absolute return and more solid are your trading performance. Decent amount of capital is like a buffer which protects your trading from adverse trading events. I also discovered that big capital prompts trading to be more accurate in their trading decision.