Hello William,
As a newbie I started with 200 dollars in ECN account type. However, I’m not sure how much you should invest, as per my opinion starting with small real accounts is the best way to start trading. Just make sure before investing that you have gained a required experience and have courage sufficient enough to handle the losses if they occur.
I believe that amount was one you could afford to lose, that should be the mind set of every newbie. Start with something you can afford to lose and you would have no problem in case things go wrong.
Yes, this could also be the possible case. Set a limit to the amount you can afford to lose, and then invest any amount below the set amount or equal to that amount. In this way you can control the losses.
Exactly the point, gradually you can increase you funds and control the market even when spontaneous events come up.
What size funds do you think you’d need to “control the market”? :o
In my part of the world, people start with only $50 to $100. Starting with $1000 is like a dream! Best of luck for you! (y)
Many trader start with small money because still fear losing big money, if having good skill might start from 100$ dan increasing more than 200$ and more, but might rarely can make it being real, many trader might losing and fail eventually
Fortunate, indeed, for the entire forum that you took the trouble to point this out: I can’t even begin to imagine how anyone would ever have suspected it, without you so kindly imparting the benefit of your esteemed wisdom on the subject. 
Frankly, I started with way too much. I don’t even think I was ready to trade with real money at the time. Of course, my account got wiped after a few weeks. I don’t know what I was thinking.
Right. Gradual increase of amount is always advisable. With the right approach and gradually increasing your trading funds and enhancing your knowledge can surely help a lot.
I believe that trading with big investment is the key for getting success in forex, I was also started with $200 after having good learning, although it was small investment but with proper knowledge, experience and skills we can manage our business with this capital.
I ended up depositing USD300 instead of 1000, although 1000 is the amount i can afford to lose, but still i want to see how i would react trading a live account. for the 1st week of trading live. i was able to have 1 good trade a day, and i got over confident and GREEDY, i change from analyzing the chart, to pure gambling. Everytime a trade goes against me and got stop out i have the mindset of making it all back on that trade and boy was i wrong.
So i stop trading live, started a trading journal, go back to DEMO and testing my strategy i was using before going live.
Don’t assume price will go your way because you “think” it will, forex trading proves me wrong in so many ways.
Time to go back to my DEMO account.
Happy trading guys! Good luck!
There’s so much we can learn from one another, keep sharing and trade wisely. Trade but not gamble!
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May I ask why wouldnt you want to have more than one positions open? If you keep to the 1% rule, having 3-4 positions open that dont influence each other directly, worst case scenario you lose 40$ on 4 trades.
Currency-pairs are all either directly or inversely correlated, and it’s terribly easy to increase your risk-exposure without realising it.
Having four forex positions each risking 1% of your account open simultaneously (unless you’re trading inversely correlated pairs - but do people [I]really[/I] do that, much?) [U]isn’t[/U] “sticking to a 1% rule”: it has a nasty habit of turning out to be sticking to a 4% rule instead.
So it mean, 1 currency up sure the other will b down. N if a trader open the wrong pair, n of it a losing trade all 4 positions will down n totally lost 4 trade n that is 4%am I right?
Interestingly, my initial trading capital was also 1K. But I didn’t invest my money her emotionally; I started my live trading with my personal trading strategy! So, my confident level was high enough! In other words, I worked with 1K virtual money in my demo account! As a result, I never faced technical problems during beginning stage of my live trading!
Started with $1500. I was completely clueless and found out the hard way what a margin call was. It took me less than a month to blow my first account up. My 2nd account wasnt much better
Ideal trading amount to start should always be that much which you can afford to lose. And to strengthen your personal trading strategy as you said it is really very important to first practice in demo account enough. This will make one familiar with the trading platform and know the technicalities of working of the forex market. Emotions are also a big factor which can hamper the trading performance but this must be kept in control.
80$ that was when Fed was hiking for the first time since the financial crisis technical analysis and entry points didn’t matter at all wherever you buy USD against AUD, NZD and CAD comms suffered greatly you would still make money. I thought I had figured it out then deposited another 1500$ into my trading account and decided to trade full time. Well times have changed since then we don’t see big trends on higher TFs any more and you have very precise about your entry. So for me things have become tough. But that didn’t make me stop. And if you’re wondering yes I didn’t make a dime out of my 1500acc. The point I’m trying to make here is that if you don’t know how to trade you won’t be making anything out of a 100,000acc. I laugh when people over here say you have to have at least 50000$ in order to trade. Well if you can’t trade regardless of your acc size you won’t make anything but you might lose everything.
First, I started with $500 fnd lost it, as I was unexperienced and greedy.
Then I started using demo again and then switched to cent account and traded with $10 deposit))