June 24, 2017

How much money I need to start forex trading?

Basically you need only $200-$250 in hand to open a forex trading account but today many forex trading companies offer you to open an account with $100 only.

Though few hundreds seem to be insufficient to conduct great forex transaction but an investor can take benefit if leverage policy which allows him to invest 100 to 500 times greater than his actual investing capacity. It entirely depends upon the risk appetite of an investor that how much he wants to invest. For those who are new in forex trading it is advisable to keep leverage ratio at 20:1 to prevent any loss because increased leverage means increased risk