How much money should one start trading forex with ~ forex demo trading competition 2014
Forex beginners tend to think that there is a one size fits all when it comes to the amount that one must start trading with. Some even think that trading forex online is the preserve of those with huge capital reserves. They are wrong. Forex trading, most of it, is not about how much you have in your trading account, but how good you are at utilizing the little or much that is available in your trading account.
If you read this blog more often you probably know by now that I do encourage every forex beginner to grow with his or her account. Incubating a micro lot size account to a mini lot size account or standard account is in no way a mean exercise. But it is the best form of challenge you will ever subject yourself to in the trading of forex online. I know a couple of forex traders that have incubated their accounts from $50 to $1000 within six months. My forex trading story goes along the same line except for the fact that in my case I began trading forex with a $60 account. My current standing will be the subject of future articles.You do not need huge capital to start trading. Open a trading account with NORDfx and trade both forex and binary options for only 10 dollars.
The challenge of course with starting out small is that the possibility of having to refinance the account is heightened. I have never refinanced any of my forex accounts but from the experiences of others I can only tell that it is never a nice feeling to have to give your broker more money. But if you practice good money management coupled with realistic targets, you will never have to worry about refinancing your trading account.
What you should ask yourself when considering the amount to begin trading forex with include the following. What is your level of experience? Have you faired well with a demo account? How much are you comfortable with losing? What are your targets? That is how fast you want to see the account grow. There are many other questions which could keep coming up depending on each trader.
If you choose to open a live forex trading account after reading this, I would advice that you also get more insight from the articles listed below.
You do not need huge capital to start trading. Open a trading account with NORDfx and trade both forex and binary options for only 10 dollars.
Call us today on 0725 050 419 or 0728 963 087 for the best forex trading orientation.
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You do not need huge capital to start trading. Open a trading account with NORDfx and trade both forex and binary options for only 10 dollars.
Call us today on 0725 050 419 or 0728 963 087 for the best forex trading orientation.
Related articles
How to fund your forex account
Why you should never fund your forex account by way of a debit card
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