How Much Money Do You Need to Trade Forex? (Realistic Trading Capital Amounts)
FREE access to our exclusive Trader Masterclass: ___ In this video we go through a …
jobalertshop
April 29, 2024
jobalertshop
April 29, 2024
jobalertshop
April 29, 2024
jobalertshop
April 29, 2024
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31 Comments
@jlevine-lx5yd
April 29, 2024 - 8:35 amis it possible to trade with 0$
@thomasperrin3818
April 29, 2024 - 8:35 amHi from USA. What is a pip?
@kuramakid
April 29, 2024 - 8:35 amI don't wanna be realistic now, I'll be in future videos xD
Lets make one million dollars in a week xD
I am trading low… LIke 0,02lots…
Just building my acc money… My margin level is 93% π
I've just started… If I lose my money, now… I'll just have to invest more next time…
But before that, I'll learn with the demo ACC…
I'm really hoping that I'll not lose all of my money…
@sft115
April 29, 2024 - 8:35 amNicholas I wish you were trading Stocks not forex :(( why do you prefere Forex over Stocks?
@sft115
April 29, 2024 - 8:35 amFantastic explanation!! I have paid a lot of moola for different dvd courses but even those didnβt explain it soooo well as you did thanks sooo much for that!
@paulbrown5839
April 29, 2024 - 8:35 amGood point on your sizing calculation
@onalennatroy7811
April 29, 2024 - 8:35 amThanks
@dandarefpv1860
April 29, 2024 - 8:35 amI've not watched every video on YT about this topic, but I can't imagine there are ANY better, and more genuine than this one.
@theknowerandtheknown
April 29, 2024 - 8:35 amIf you have a small account and you are not compounding your wins, trading small but gaining well then you can't learn through experience. I think its a good idea to start with 200 – 500 and just get used to managing your account and learning through reasonable low risk mistakes
@briancooper7249
April 29, 2024 - 8:35 amI started with Β£35,500, one of the best decisions I made at stage of my life. And I have involved my children into it. I wish I started it at 17.
@arunmohan317
April 29, 2024 - 8:35 amIf you want to learn trading, you can probably go with a 0.01 lot size , If you're willing to take risk 1% risk everytrade , then you're stop loss in 30 pips means , $300-350 account size is enough,
NOTE:- If you want to earn more you can go with a big accounts based on your risk per trade and stop loss
@josephwhite9628
April 29, 2024 - 8:35 amThis video is still gold
lots of common sense
Thank you
@joewill9967
April 29, 2024 - 8:35 amThe one thread on ur right shoulder is irking the hell outta me
@gibsonlespaulspecial
April 29, 2024 - 8:35 amA lot of sense @Duomo but I disagree with 0.01 lot sizes in the sense that we all know 95% or there about lose money ultimately. I've screwed reasonable accounts in the past but turned it around by discovering 3 things (for me). I use an EA to calculate lot size based on 1.5% risk which works out at 0.01 (I can enter trades quickly without worrying) and I also take profit at 1x ATR and then with a few more pips go to break even and trail. The other thing is not to trade lower than H4. I keep trying lower time frames but I personally can't manage it, too much noise for me. The small lot size has meant I can build up wins, I'm not worried about the amount of money, it's about consistency and building confidence for me. I'm doing roughly 10% a Month and am now signed up to a Prop firm. I've just started the trial phase but after 7% I get Β£50K to trade and it doubles every 10% till 1.2M (standard). A great way to earn a living! Time will tell if I keep consistent or not but I'm happy with my system, just got to keep the psychology right!!!!!! Looking forward to your other videos.
@shlokjain500
April 29, 2024 - 8:35 amI risk 3.5% ….but I only take 48 trades a year ………
@tarirotsvangirai9979
April 29, 2024 - 8:35 amthis makes sense
@garry7596
April 29, 2024 - 8:35 amAwesome!
@Duomoinitiative
April 29, 2024 - 8:35 amπΉ Get FREE access to the Duomo Trader Development Program: https://duomotrading.com/FreeDuomoTraining
πΉ Add us on Instagram: https://www.instagram.com/duomoinitiative/
πΉ Our second channel for financial news and analysis: https://www.youtube.com/c/MarketMoversFinancialNewsandAnalysis
@x2gaming149
April 29, 2024 - 8:35 amif you can grow 100$ too 200$ keep doing that over and over
@interstateceo303
April 29, 2024 - 8:35 amGood stuff mate
@supachaisalopek3003
April 29, 2024 - 8:35 amPeanuts to mansion
@Ralphboon
April 29, 2024 - 8:35 amVery good insights; thanks!
@JesusOurKing
April 29, 2024 - 8:35 amHe's talking about making a living. If you just want to make an extra $20-$100 a day, a $500-1000 starting account is good enough.
@kareemab2657
April 29, 2024 - 8:35 amCan you put Β£50?
@IranForexTraders
April 29, 2024 - 8:35 ami start with 100$ and now i made 20000$ after 1 year. trading is awesom.just start learning and start to making your own strategy in demo and when you get profitable in demo then start in real :))
@Ahmad-yh1gq
April 29, 2024 - 8:35 amDo you need to know your online banking to start?
@carlschutte9221
April 29, 2024 - 8:35 amyou really look tired in this video
@billcarson1966
April 29, 2024 - 8:35 amEinstein never said the "insanity" quote. It's falsely attributed to him after his death. The author of that quote is unknown but believed to have originated from the 12-step addiction rehabilitation crowd.
@5DeepHustla
April 29, 2024 - 8:35 amNothing wrong with starting a trading account with an amount like 500 pounds. You just have to trade 0.01 lot sizes.
@carlschutte9221
April 29, 2024 - 8:35 ami love your videos man, compared to the other people you don't bullshit and you sound so real.
I live in South Africa, so talking about 40k usd, that is R560 000, that is a hell of a lot of money to us. even the 12k usd.
i worked at a church, so my salary was very little, it was R10000. that is 714usd. so taking all the calculations that you just spoke about, what would i have to start of with to make that R10000 a month. i will aim for higher after i get to this mark.
@kroduxion
April 29, 2024 - 8:35 amappreciate the content but there was a woman whos a student of charlie burton who turned 200 into 12k or so within a year. then she funded her account with 200k and made 130k profit for the year. but appreciate the videos cause they are helpful bro! this is definitely one my favourite trading channels.
edit – also appreciate your honesty about blowing accounts. I think you needed to go through that process in order to change so I don't think it was a bad thing. You mentioned taking on too much risk, so I think that was the problem, not that the account was under funded. But because the way our minds work, the figures don't make sense. To trade x hours for a couple pounds etc.
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