Twenty bucks, .!
That’s all you need to start trading currencies.
I mean, the minimum value of the trade you need to make is 1000 dollars…
But your broker will give you a “1:50 leverage” on your account.
What this 1:50 leverage means is that you can trade currencies worth 50 times the money you have deposited in your account.
So theoretically, you can start trading currencies with just 20 dollars.
Practically speaking, though, starting with 2,000 dollars would be ideal.
But I know people who have started with just 500 dollars and have steadily grown it to a significant sum with smart use of leverage and proper risk management.
(Again, in the currency market, $500 is not as low as it seems. Because it will give you 25,000 dollars worth of trading power– when you use 1:50leverage.)
., the thing is the specific amount that you get started with doesn’t actually matter.
What really matters is the trading system and the risk management techniques you use to trade that money…
If you don’t have the right system and go about your trades recklessly without managing your risk, you won’t make any profit in this market, even if you have a 50,000 dollar account.
Remember, the currency market is not a market for gamblers.
This is a market for rational people who want to make an extra income of 500, 1000, 2000 or even 5000 dollars a month using scientific tools and proven trading systems.
So if you look at the market from a gambler’s perspective and have an inclination to make all-or-nothing trades just for the excitement of it, I advise you against trading currencies.
On the other hand, if you are someone who can take a professional approach to trade and be willing to see currency trading as “a business”, I have an important announcement for you.
Chris Pulver, who has been trading currencies successfully for 20+ years, is hosting a LIVE webinar tomorrow.
In the webinar, he will go through all the scientific tools and the proven strategies you need to succeed in this market.
The webinar will be beginner-friendly, and you don’t need any previous knowledge of trading to attend it and learn how to potentially make $2000 every month by trading currencies.
In my opinion, when it comes to the FX market, being a beginner can be a blessing rather than a curse.
Because, as any successful trader would agree, trading is about keeping it simple…
…and people who have previous trading experience tend to have all kinds of misconceptions on how to trade currencies.
They tend to overanalyze the market and complicate stuff, and this holds them back.
So please don’t think you are too old or too much of a beginner to get started with currency trading.