How much can I start with

Beginner Questions
1

Can I start with 5dollar

2

Try trading $5 on a demo account and see if you find it practical.

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3

Certain brokers will allow you to trade with as low as that but as mentioned by @NicksFX you would need to see if that is practical to trade with. In my opinion using a standard account with micro lots you will struggle to practice good risk management with an account that small.

2 Likes
4

You might want to go through the free School of Pipsology before you trade real money. As you take the course you will realize that starting with $5 wouldn’t be practical at all as @NicksFX implied.

Think about it. If you risk 2% of your account, that’s only 10 cents. What can you realistically trade with 10 cents? And how much profit would you make?

Take the course first. Then you’ll understand things better.

5

On which application

6

you can start with any amount in demo account , but in real account by which amount you can start with it completely depends on brokers.

7

Invest small first to learn about trading. Also, do not invest what you cannot afford to lose.

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8

investment is not a big deal in Forex trading, the main deal is to keep survive successfully in there , because most of the traders become loser from this trading place.

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9

Start thinking about consistency and percentages, never about dollars per day. Demo until you have a consistent strategy.

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10

Two wise suggestions!

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11

i trade my all trading strategies and high leverage to see the performance how it works.

12

I think beginners should start with the smallest lot their broker offers.

I say that because you can focus on your profit %, with very little financial risk.

If you start right away trading 1.0 lots, thinking you’re gonna ride the next upswing to the moon, you’ll sustain some heavy losses.

But if you’ve only got $500 total to trade with, focus on the profit %.

10% profit on a $20 position is the same thing as 10% on $2,000 position.

Start small, and slowly grow big.

1 Like
13

Yes my brother

14

You don’t even need $5 to start with. You can start free using demo trading. But can you start making a profit with a $5 capital. That would be a no.