Hi everyone! My name is Jake. I’m a total newbie at trading. Thanks to the pandemic I’ve been forced to change my work remotely and the idea has become much more appealing. My goal as a beginner is to continue learning and to set up an automated bot in order to maintain roughly 7% profit per 10 trades. I’m planning on buying a small motorhome for me and my dog so we can travel while work my 9-5 remote job and be constantly growing my investments!! Any advice is appreciated! I am currently studying on babypips and leaning MetaT5. What would a good starting investment into FOREX trading be, $500, $1000??
I’d say let first talk about this “7% profit per 10 trades”. Where are you getting this from? Seems very arbitrary given your experience level. Also seems like you’re focusing on the wrong thing.
I would ‘speculate’ that this automated bot profit statement is complete fiction. No one on this planet could realise 7% profit per 10 trades consistently. And you would risk all your capital if you speculate it on forex.
A good starting investment would be to first learn how to trade forex properly - then open a demo account and experiment until you can at least break even. Should take you 6 months minimum.
Agree. 
Before putting in real money, I think it would really be best for you to learn more and demo trade. 
But just in case, you might find this lesson helpful: