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How much money do you need to start trading forex?
How Much Money Do I Need to Day Trade Forex? If you want to day trade forex, I recommend opening an account with at least $2000, preferably $5000 if you want a decent income stream. With a $3000 account, and risking no more than 1% of your account on each trade ($30 or less), you can make $60+ per day. Is it good to trade in forex?
Forex Trading Pros And Cons. ... Stocks, futures, mutual funds, options, exchange traded funds are all good candidates but unfortunately require trading accounts that are too large, at least initially, for many beginning traders. For these traders the foreign exchange market (Forex) may be the best starting point. Can you make money in forex trading?
Contrary to what you've read on many websites across the web, Forex trading is not going to take your $10,000 account and turn it into $1 million. The amount we can earn is determined more by the amount of money we are risking rather than how good our strategy is.