not really true. you can trade forex even if you have a small
capital like $1k.
of course you cannot expect to win $500 in 1 trade. that will be
like 50% profit per trade.
Its too risky that way. (which is why forex course out there
that claim to take $1k to $XX,XXX amount in how many weeks is just
pure crazy! - you will easily loose all your money in 1 day if you
trade so high a stake)
A decent ratio will be 1-2% profit per trade. Which is
$10-$20.
This may seem small, because the capital is small, but if you
increase or grow your capital, then it will snowball to a good
sum.
On a sidenote, i have just sign up for 3 online forex course
(sound stupid i know, but i like to learn because to me is if i can
just get 1 good tip from a forex course that will help in my forex
trading then it's worth it for me) those 3 have quite good reviews,
but shall see how it goes, or is it just another crap load of
theories that doesn't work.
Trade with 1k ?
I reckoned you keep your "1k" in your bank accout.
Do you know what is the actual contract size, per 1 lag of US$
vs Swiss/Yen ? or 1 lag of BP/Euro vs US$ ?
As Forex is also considered as a leverage trading instrument,
one must have at least 3-5% of the initial contract size, ie,
US$3-5k per contract (1 lag) in order to even think about
speculating in Forex Trading.
If you have less than S$30k, better don't think of Forex as your
preferred investment choice. I worked in the dealing room before.
Experienced millions of dollars lost in the market within hours...
what is your 1k of investment ???
