Hello pls what is the minimum amount a newbie should invest in forex
I personal dont know when i am ready to trade on a live account with the experiences i have gotten in demo some days it all good trade while other days😞
looking for ur broker.
But I recommend at least a thousand dollars.
It’s unwise to move from a demo account while you’re not being consistently profitable. Otherwise you’ll be in danger of blowing your live account.
What you should be doing is reviewing each losing trade and finding out what went wrong. Mainly it’s a lack of emotional control and overtrading. Posters on here will point you to solutions if you share your failures.
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investment is a big issue in Forex trading , but besides this traders should make sure a good broker including a powerful trading knowledge.
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traders should choose the broker which is more appropriate to the concept of trading that will be used.
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market is much volatile , for that reason traders need a handsome amount of money , otherwise trading life could be a worst part.
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@princejoshua087 Trade according to your risk appetite. Some invest 100 bucks while others are content with risking just 10 bucks. I risked $50 while starting with coinexx, but I made sure to use SL and TP from my 1st trade. because I was more worried about blowing my account off, but I’m glad nothing of that sort happened 
Hello,i really appricate your coment and i feel will would be close friends i was going through the education platfrom on babypips and their advice is to invest nothing less $5000 which was kinda difficult for me at the time
that’s why I asked this question
thanks AURIFEX
Whatever you can afford to lose as there is a strong possibility you will early on. Stick to demo for now and don’t be in a rush to go live.
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It is not mandatory to invest a specific amount of money for trading. You should trade with the amount you are comfortable losing and won’t affect your lifestyle in any way.
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Time! Really, new traders need to invest their time before their money! Without proper trading knowledge & experience, no one can make here a consistent result!
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Anytime mate! And. you don’t have to risk such a big amount at all. Start slow, focus on learning, give time to trading and then, go big.
The money which you put into your account is not in a trade and is therefore risk-free. Same as money in the bank.
But when you open a trade, make sure you have a set or mental stop-loss or hedging price at which your losses will be capped: adjust the size of the position so that the maximum loss is a small percentage of your capital - you may suffer several losses in a row so plan for bad luck.
Many traders don’t put enough money into their account. When they look back over the month they see they have made five quid. So the next month they trade bigger positions. They then suffer a string of losers and we never hear from them again because their account is wiped out.
Remember, only start trading when you have demo-traded your way into consistent profits using a firm strategy.
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