I was wondering how much would you recommend funding an account minimum in USD?I'm still practicing on demo trading, but this would be for future references when the strategy shows consistency after several months.
Let me know your thoughts
We have a saying in poker - "As long as you have a chip and a chair....."
LMAOperhaps he should watch "ROUNDERS" hehe
Min... Around $1,500 it would be good if you had $2,000 - $3,000
Novaturient.How much can you afford to lose without causing anguish or affecting your family life? If that figure is, say $100, then that's your answer. Don't borrow from friends, the bank, or credit cards.
and MAY I ADD, ............ WITHOUT KILLING YOURSELF
Unless you have proven yourself, for live trading 200$ to 500$ is good enough. Or you can trade in cents account with 50$ to 100$ untill you are making consistent profit with real money. Then you can make big deposit.
Since forex is a competitive market I think you should go with the mini accounts first. And scalping with major pairs can actually help you to survive successfully in the initial stage. Best of luck.
I will not recommend scalping for beginners it is quick way of earning and loosing until you not had certain practice to handle it. Investment should be according to your ease . Not put yourself for funding. You can invest more any time . First time you need to be careful.
The beginner's guide to FX trading