[SwingTradinJay]

Gotcha

back to backtesting zzzz.....

[Jene]

Well there is no specific definition about capital requires to start forex trading. it differs from person to person and most importantly it depends mostly on the amount of preparation they have. if a person is having suitable amount of preparation can start with decent amount but this case can't be applicable to those traders who have just started knowing what is forex is all about.

[pathfinder62]

[QUOTE=ezduzzit;1761]Deb...

Hey, EZ. Keep runnin' the jaws or keyboard keys all you want. That was one terrific "Virgin Buster" of a reply. More like that anytime you want... Tomaz M.// pathfinder 62

I have read the various responses to you here of late and I have a few observations.

First, what is the driving force behind your desire to trade Forex versus perhaps the e-mini futures markets?

[agd108]

$1000 is really the minimum and is kind of where I want to trade. I want to start with microlots. So if you trade 1 microlot with a 50 pip stop it is 0.5%, that is the real way to trade. If I can consistently trade like that, I want to move up. Wish me luck, may take me a few years.

[fxscalper]

You can start trading with $25 if you want. You won't make a living. But you can start to trade trade.

[pedropips]

If you can master managing you money, cut losses and let winners run then even 100 dollars is good to trade. You won't make a lot of money at first but if you are patient, build your account and compound then you'll be rich in no time. This is assuming you know how to trade and you have mastered you fear and greed

Although a lot of people here 'strongly' suggest to have more capital, the way I see it is that if you can't make money with a small amount, you'll never make it with a big amount. Start small and grow big. That's what I did and now I trade like a robot, no emotion ... well not much anyway but doing well :P

[pathfinder62]

Originally Posted by rangerdoc »

Another contrarian viewpoint here... I think it's a great idea.

Much better to start with $1000 trading micro lots & losing it all than to deposit $20-30K like other suggest and losing all of it....

... you're not scared away yet, I say go for it!

-----------------------------------
Rangerdoc: that post from Jan of this year is absolutely one of the best responses to trading advice I have seen in almost 15 years on the internet. I just hope the youngsters that view it take and APPLY even one grain of your sage advice: it will save them countless thousands of dollars, hours and grief over the years.

Great stuff/ H. T.

[hedonQ]

Originally Posted by 1time »

Just graduated from college and looking to start trading the FOREX markets. Ive been looking into brokers and seems like FOREX brokers offer huge leverage. They also guarantee my stops so I can only lose what I put in. Any advice on a sufficient capital for trading?

You might be misdirecting your focus. I don't think you should worry about leverage. It sounds like you already have profitable setups and the necessary trading skills to succeed in trading.

Find a methodology and setups based on the methodology. Trade it on demo, see if you can maintain some positive expectancy over time.

I understand the excitement and wanted to trade real money. Been there done that. But think about a brain surgeon performing an operation on your head. And he just graduated from college in liberal arts.

I think no broker offers leverage more than 100:1 since November this year (in US that is, a gift from NFA).
Good Luck.