Resolved Question
For a newbie like me, is $1000 a good starting deposit in forex?
I know that it’s a high risk but they consider that the bigger you deposit the better profit you can get. Also from this capital, how much is the highest profit I can acquire?
about 1 year ago
Best Answer - Chosen by Asker
If you are new in forex, Don't jump into real trading too soon. If you think you still have to learn many things when it comes to trading live, you definitely should not put real money at risk. I suggest that you find first platforms that have demo accounts and practice executing trades on them.
about 1 year ago
Answers (1)
With regards to $1000 capital, most brokers allow opening accounts with very little capital but make sure you do it with a broker that allows to trade Micro lots and the pip values can be low as 0.10/pip. For the amount of money you could make, it depends on your account type and number of lots and leverage.
about 1 year ago
* You must be logged in to add comments. Sign In or Join Askpips.com.
Open Questions in Beginner
Resolved Questions in Beginner
- Should I go live? Please give me your advice on this.
- For a newbie, which currency pair do you think is the best to start with?
- Which do you think is better? Daytrading or Position Trading?
- I work full time and I'm wondering if signal providers really work. Has anybody had any experience with them?
- What does divergence mean?
* You must be logged in to add comments. Sign In or Join Askpips.com.