Forex is not a path to easy money, never was and never will be but if you take it one step at a time and learn you can. I really believe you guys make a great team, and were willing to stake you. If you start with 5000 you have even more flexibility and can even day trade forex with mini and standard lots (as well as micro lots). Youre making us look bad. Even great traders have strings of losses; by keeping the risk on each trade small, even a losing streak won't significantly deplete capital. The forex market moves in pips.
In April of 2014 I put 500 in an account with a 100 deposit bonus and through ignorance of what I was doing using a copy system did very well. And thats how about three and a half years ago, Jennifer and I became Forex traders. Risk is determined by the difference between your entry price and the price of your stop-loss order, multiplied by the position size and the pip value (discussed in the scenarios below). If you hold a 1000 micro lot, each pip movement is worth.10. For argument's sake, assume the initial trade commitments of 10 large investment banks each totals 80 million. To make bigger gains will require more capital.
Starting with 500 gives some flexibility in how you can trade; 100 doesn't. Based on your goals and trading style here's how much capital you need to start day trading forex. I can tell when shes calling the shots and when you are. As long as risk is controlled on each trade, leverage is a significant advantage in forex trading. In other words, you would have to more than quadruple your money every day to come even close to 10,000 at the end of a year. These are huge investments, of course, but keep in mind that the daily trading volume on the forex can range from 2 trillion to 4 trillion depending on periods of volatility. It took us a moment to figure out what he was talking about. Starting with 500 will produce more daily income than starting with 100, but most day traders will still only be able to make 5 to 15 per day off this amount (with regularity). According to our calculator, about 80 trillion, which is nearly all the money in the world.