Hello, I only have $1000 to start trading with. Is it going to be profitable and should I use leverage?
It is very possible but you must use extreme cash management and by maintain a good risk reward ratio and risk management not to exceed 1% per trade nor 5% per account for all open trades.
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It will not be profitable. If you want to go broke faster use max lot size and leverage, that way you can get it over quick. Then you can come on here and tell us all how you got scammed and forex is rigged and everybody is full of sheet etc
If you don’t want to be a member of the club above keep your money in your pocket. Start with Babypips School. and Study and learn. Then atleast you will have a chance to keep your money and even make some
that depends on many things
those things include your experience, skills, trading record, and whether or not you have a trading method with a proven edge
how much you’re starting with isn’t one of those things, though
so we can’t possibly tell
that’s easier to answer: you won’t be able to trade forex, with $1,000, without using leverage
Yes, you can start trading with $1k easily. Many forex brokers are now offering the opportunities to trade with micro trading account so that those traders who have smaller capital can trade in forex. Even $1k is not that smaller amount as many brokers are offering standard account starting with that amount.
1k is not enough. Stick to demo, learn fundamentals or practise your strategy and work to save more money. You need at least 10k otherwise you’ll be taking higher risk and you can’t do that long term.
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Disagree 1K is enough and perfect if you can perform proper cash management at 1K and grow the account, then larger accounts are a snap.
The real key here is in cash management and sizing.
Stay green and consistently profitable thur trade and cash management, however, it is sizing that builds the equity.
Catch my drift? 
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$1000 is really a good amount to take a start in order to make a grip on the market. You can easily trade with the lot size of 0.1 if you have $1000 in your account. So, you need to capitalize on it with a good money management plan. Stay blessed!
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