Hi Guys, I am new comer here. recently joined the forum here. I have one question in my mind when you guys started your journey with trading what kind of budget you guys initially suggest to a new comer so there will be good room if he loss in his initial trades after the demo account learning obviously.
Welcome, Jack.
There isn’t a right answer.
Everyone has different financial affordability and degrees of risk aversion/acceptance.
The minimum you need to trade 0.01 lots safely and steadily is generally regarded as $250 (some people say $300, but that’s in the same ballpark).
There are comments about this throughout the forum. Here’s one from yesterday.
It’s very important to have realistic expectations. The proportion of forex trader beginners who ever get as far as earning 5% profit per month on their trading funds is terribly small: one of the world’s leading regulators says it’s below 1%, although people in trading forums don’t like hearing that and some even refuse to believe it (which is just silly, IMO). 
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Also, excuse me if this statistical point’s obvious (others may not find it so!) but it’s worth knowing that that “roughly 5% average profit per month” usually conceals quite some variance.
The figures averaging out at “5% profit,” for the tiny minority who get there - which doesn’t yet include me! - might range from +25% to -5%. In other words, there are normally some losing months, too.
This is why you need to be so sure you have a real edge, and be confident of your statistics first, so you don’t get dismayed when that happens without you having done anything wrong!
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Personally, I’d suggest different budgets to one of Elon Musk’s sons and to a student working part-time at Macdonald’s.
Please help me out, here: how can I suggest a budget to you without knowing which one you are?
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Leaving room if you start off with a few losses (as many people do!) isn’t about how much you start with. It’s about the proportion of your trading fund that you risk on each trade.
It’s all relative.
Many people In forums often suggest that you should limit your risk-per-trade to 1% of your account (for example, risk no more than $10 per trade if your stop loss is hit if you start off with $1,000, or risk no more than $5 per trade if your stop loss is hit, if you start off with $500.
But even that’s only a wild guess, without knowing whether your win-rate is 40% or 80% and how much the average wins and losses are. You’ll know that from your demo trading before you start with money, but we don’t, so we can only take wild guesses.
The big thing to understand is that the main purposes of the first few hundred trades is to gain experience and avoid drawdowns, not to make money. Yes, even after demo trading.
I started my first real-money account with $1,000 and after 200 trades my highest point had been nearly $1,600 but my lowest point had been $600, so my risk-management was clueless and I was gambling (though I wrongly thought I was “trading” as many people do). A 40% drawdown is hopeless! (At least I knew that much!).
As they say, it’s a long learning curve.
Understanding the risk management is about 100 times as important as the trade entries. It takes everyone time to learn this. The ones who don’t learn it never become profitable.
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Obviously.
But you’ll get much better informed responses after you’ve done that and have some actual figures for people to base an answer on. Hopefully some statistically significant ones, too? 
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When I started, I didn’t go all in right away. After practicing on demo for a bit, I began with a small live account like around $100 and of course keenly looked for a deposit bonus 
. Just enough to feel the real pressure of trading but not enough to cry over if I messed up (which I did a few times 
). The key is to treat even a small amount seriously and focus more on learning than earning in the beginning.
A budget of around $100 to $300 is common for beginners, especially if you’re using a cent account, which allows smaller trade sizes and lower risk per position. The goal at this stage isn’t to make big profits, but to get comfortable managing emotions, risk, and real-time decisions. Once consistency builds, you can scale up gradually.
Most beginners start with around $50-$100 after demo trading, keeping it small to manage early losses and learn the process.
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It all depends on your finances. Asking someone is just like fitting the elephant in the room.Understand your risks and how much you can lose. Trade on your terms always!
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Agreed with risking 50 or 100 bucks to see if we can manage the trades rather than risking what we cannot afford to lose. The demo can be good for learning without investing any money in to the process.
Nobody said that, so there’s nothing to agree with, there. On the contrary, many people explained why that would be such a bad idea.
Most of your posts seem to be “out on a limb”. I’m wondering whether you ever read the threads you reply to, at all? To be honest, I’m wondering whether you’re a person or a bot …
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