Please how can I get $500 to fund my trading account? Is there any member of a charity organization in this forum who can offer to help me by lending? My appreciation would know no bound.
Have you considered opening an account through a broker that requires a low deposit? I know my broker (Hugosway) only makes you deposit $10, so you could get started now with what you have and try to grow that money.
You could also try to find a broker that offers a welcome bonus, those are usually good for about $30 - $100 on top of your deposit.
Another option is participating in a demo contest through a broker as some of them offer real prizes. Brokers usually offer these things seasonally or so but if you try looking on Google you can probably find some to enter.
Sorry this answer isn’t 100% what you’re looking for, just wanted to share these tips that I know can actually work to try to help.
Thanks. It’s a very good piece. I appreciate
It would be a bad idea to take out a loan to start trading. It’s best to just trade with money you can afford to lose. I suggest that you save up for money to trade and use the time while saving up to learn as much as you can and practice with a demo account.
Okay, I have been practicing on demo account for 3 years now and have confirmed my strategy. I grew my $1000 demo account to $11,000 in just a year and six months. So, I need to start trading on real account and vow to repay any debt incurred. I’m sure of that.
Thanks
Where are you from?
Can you work to build up capital?
Do you have any online skills or can you potentially do any little jobs on sites like Fiverr or Upworks? Solve some peoples problems and they will gladly give you money.
Good luck
Demo completely different from live trading. I say learn a skill so that you can paid for doing that, kind of like what @TraderEvolved recommends. If not that, you can sell old stuff you have. I have a friend who made about $200 from selling old CDs and stuff.
Or if you want to sound desperate, you can hop on Twitter and advertise your cash app username lol. Not sure if those people actually get money though.
$500 should be doable.
I doubt any charity will give you money to gamble with. I’m amazed you have the cojons to ask for $500.
Thank you for your comment.
Okay, thanks for the suggestions.
There are prop firms like FTMO and 5%ers that can fund you with capital. These are the the two best known ones and similar ones have sprung up making their deals even more competitive over time.
They have a number of pros and cons and it’s worth doing your research on each of those firms before taking on their screening tests. For e.g. FTMO have an upfront fee requirement and I believe have monthly goals to accomplish to retain their service. I haven’t done any extensive research but I hope you do if this is an attractive option.
All the best and good luck
Thank you for your comment. If forex trading is in whole a gambling activity I will never trade again as I detest such. But from my research, I understand that forex trading is vast. People gamble the market while some others actually trade the market. Like binary options is absolutely a way of gambling the market.
Thank you for your suggestions
FX trading is highly speculative, but it is the traders that gamble by risking too much of their capital.
That’s true. Thanks
I believe that you can’t control the sentiments of market but can control ours and this will keep you at safe zone where greed and fear resides.
@Bailoish
Sure! Greed and fear are common in trading, but a disciplined trader can be successful despite the odds. I just need to fund my account. I have tried all the suggested work opportunities and they are not really working out. I need a help if you can assist.
Thank you.