For a starter, How much capital/money do we need to start forex trading?
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I think the amount of capital needed to start forex trading in Philippine pesos can vary but is typically recommended to be at least PHP 10,000 to PHP 20,000 for beginners. However, the ideal amount depends on individual risk tolerance and trading strategy, I also want to invest in forex someday hehe
Thank you for giving me an idea, as of now I have 20 pesos in my wallet so 9,980 more to go. Me too, I want to invest in forex in the future
From what I observe in course on leverage part you can have a capital of 100$ and can control a 100,000$. But I do a research, base on it the money you can trade it base on the minimum of your broker, it said that some broker agree with 50$ so I think that is the minimum for a beginner to start with.
I think for starters, it's good to have a P5,000 for a start-up investing, and if you manage to do well in trading you can invest for more, and maybe later on in Crypto.
Starting forex trading with a capital amount they can afford to lose while focusing on learning and practicing sound risk management.
In the website $50 is the minimum
If you start conservatively and use sensible money management, you do not need a large amount of money to trade Forex. It is possible to start trading with only a few hundred dollars, provided your trading sizes are small.
5 to 10k is good
When it comes to this kind of issue, use the money you are prepared to lose.
5K IS THE GOOD AMOUNT FOR STARTER
I think 5k to 10k is good enough.
Thankyou, Mr. Patrick Pincas, for posting that query. In the future, I'd also like to try forex trading. Additionaly reading the response to this query gave me a better idea of how much I would need to prepare to begin treding forex :)