Forex trading - probably a way not to make money, but to lose it. More often, people just lose money on Forex. One of the main reasons - high activity of traders involved, which in turn forces others to take losses, as there is no way to predict certain market activities. And the commissions to the Broker, are still to be paid. Leverage is also a factor, marginal trading - is bad for your deposit. Losses using this instrument can be considerable.
So what amount is suitable to start, and is it worth it? Forex trading is worth to try - in order to just forget about your desire to become a trader, and go for more traditional types of investments. You need to begin with the amount accordingly with two major conditions.
Firstly, it needs to be an amount that you find comfortable to lose, because it most likely will be so. Most of the traders lose more than their first deposit, before leaving the idea of trading forever. And if by some way, they get profits, they still lose it at the end. So the capital you are investing, must not be the last one you have. And it must not be some sort of credit money, as with all types of investments in this case, it is a bad idea.
Secondly, this amount should be considerable for you to lose, to some extent, why? So you could experience the actual loss. And for you to understand that you are not trading something else but a real "live" money. Sometimes people are investing lesser amounts to their deposits. So the loss of this money or a profit, will not take effect in decision for the trader to either consider trading or to forget about it. So trade using the money you will feel losing. Thanks to this, you will understand that to make profit on Forex is close to being unreal perspective.
Another important thing - be honest with yourself starting trading on Forex. Keep in mind that you are risking your money. If you will lose it, you need to make it back. Thinking that you are a successful trader, after few profitable trades, is a false mental state. Only few are able to make real profits on the Forex market, and they are either geniuses or a very lucky people.
When you've tried all options mentioned above, you will have two options left :
First - to leave the idea of forex trading forever.
Second - to address the professionals and to use their experience of profitable trading, and to gain stable profit on forex market. Our Multiple years of experience in this field of trading and the strategies we've created will turn the trading process in profit for you, and prevent total losses.