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Can I make 100$ / day with 1000$ account? (With Forex trading)
Hello guys, I want to make 100$/day or even 50$/day consistently (average 350 - 500$ per week) with 1000$ account. Is that realistic for a complete beginner? If so, where can I start?
Can I make 100$ / day with 1000$ account? (Forex trading)
Hello guys, I want to make 100$/day or even 50$/day consistently (average 350 - 500$ per week) with 1000$ account. Is that realistic for a complete beginner? If so, where can I start?
Hi, i am relatively new to forex trading (was trading crypto only before) and i wonder what currency account i should open with my broker. I will be trading USD pairs like USDCAD, USDJPY, but i live in a EUR country... So what should i go for, a USD or EUR account? P.S.: I will be mainly algo trading and i heard some EA's (MT5) have troubles with EUR accounts trading USD pairs, the money management would have problems... Is that true? Any ideas highly appreciated! BR Dan
I have a question, I’m learning from 2 years ago forex by my own and I am not getting good result in demo account but I want to keep going learning trading, do you think trading can end up ? I’m afraid because if it is true I will waste time, what do you think?
The thing is I like trading because it is the best way to earn easy money in the hard way, so I’m learning by my own but in all the world they are people call “ smoker seller” and those people teach you the basic and their mentorships is so expensive. It is difficult to find a real mentor in this world because some of them don’t have time to teache how to trade in the real situation about the market, but now I don’t have money to pay a real mentor. That’s why I’m learning by my own what do you recommend me to keep learning ? I know much concept about trading but maybe I need more practice because I’m not practicing too much.
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Have you been one of the Scammer Victims follow up here with me. While different forms of cryptocurrencies have been around for years, they became a cultural phenomenon in 2017 when the price of Bitcoin, one of the more established cryptocurrencies, skyrocketed to nearly $20,000, representing an annual gain of over 2000%. While 2018 saw the “Great Crypto Crash,” cryptocurrency remains very popular, with Bitcoin accompanied by other significant cryptocurrencies such as Etherium, Ripple’s XRP, Binance, Tether, and countless others. In addition, cryptocurrency exchanges have also expanded, providing platforms that allow customers to trade cryptocurrencies for other assets, including conventional currency and other digital currencies. But as with any financial vehicle, particularly one that is highly volatile and has garnered incredible public interest, there are opportunities for bad actors to defraud investors. Cryptocurrency fraud has become a dominant topic of discussion for government enforcement attorneys, with numerous prominent conference panels and Agency bulletins addressing its various forms, the hype versus the reality, the many ways it can facilitate fraud, and efforts to rein in its abuse. Blockchain experts aylarecoup have continuously come up with genius ways to have this processed reversed and have been known to work hand in hand with the law enforcement agency to track down and apprehend these malicious actors in the hope of getting their victims a form of chargeback. It is a good thing knowing that there is someone to turn to in situations like this especially with the high rate of this scamming schemes occurring on a daily.
Do you want to create a Micro forex trading account?
A micro account caters mainly to the retail investor who seeks exposure to foreign exchange (forex) trading but doesn't want to risk a lot of money. The Micro account can help you estimate your profit exactly with the trading tools that FBS offers you, such as the Trader's calculator. All you need to open the Micro account at FBS is to make an initial deposit of $5 and verify your account How Do I Begin Forex Trading? Do you also have this question? Read in this blog 5 important actions you may do to begin your forex trading experience. https://medium.com/.../introduction-to-forex-trading-to…
Is forex trading in a funded account of proprietary trading firms permitted as per FEMA and other RBI regulations?
Many proprietary forex trading platforms like FTMO are included in the Alert List Published by RBI. Alert List contains names of entities which are neither authorised to deal in forex under the Foreign Exchange Management Act, 1999 (FEMA) nor authorised to operate electronic trading platform (ETP) for forex transactions under the Electronic Trading Platforms (Reserve Bank) Directions, 2018. This list is not exhaustive and is based on what was known to RBI at the time of publication. However in the case were a trader trades in a FUNDED account, will the trades made by him in the funded account be deemed to be services provided by an employee/contractor, and the share of profit received by him deemed to be in the nature of salary/commission/consultancy fee? Would the trades taken by the trader on behalf of the firm be non-permissible/illegal (trading in FCY-FCY contracts illegal?) under FEMA and other RBI regulations? Throw some light on the taxability of share of profit received by the resident trader.
Many wonder if it's a good idea to start trading forex with a demo account. Here's an explanation why it would be good to start with a demo account but keep in mind that demo accounts are not for everybody. Demos are good for the people who want to get a feel for a new platform but it's not the best to practice trading. It's one thing to trade demo money and totally different when it comes to real money. The best way is to start with micro accounts.
Forex in general mean foreign currency and exchange. Foreign exchange is the process of changing one currency into another for a variety of reasons, usually for commerce, trading etc… so how anyone can start trading forex and whitdraw money from his trading account? First of all you should know how the market works,so you need tou learn a good forex strategy that can make profit from the market in a consistency way,so is about forex education first!. second you must choose a good forex broker that can help you to make your orders to the market, and there is o lot of forex brokers out there with reliable reputation. In addition to that,you should know if you are comfortable with the risks involved. Trading is a high-risk activity and can, lead to significant losses if you are not careful. Always do your research before trading and be prepared to lose your investment. So are you ready to know How to withdraw money from forex trading account? learn more here: https://tradingfxcfd.com/how-whitdraw-money-trading-account/
Hi anons, can forex trading returns/losses be sustained with a saudi bank account. E.g. if I have an al ahli account can I trade with it and receive funds besides my salary? *I do not have a live trading account yet. *According to my knowledge, the kingdom only allows the reception of contracted salaries and no other funds. Correct my understanding if I'm wrong. TIA
I’ve been trading for around 3 years now but I’ve never really had any extra income to put into forex. I recently flipped an account from $140 to $440 in less than 2 months. I’m now withdrawing $400 to try my chances at the FTMO challenge. Wondering what your opinions were on this idea?
Blowing up a trading account is when the account's balance goes to zero as a result of heavy losses. This can happen for a number of reasons, including poor money management, not sticking to a trading plan, or taking on too much risk. While it may seem like a good idea to take on more risk in order to make more money, this is often a recipe for disaster. When you're trading with real money, it's important to be as conservative as possible in order to protect your account. This means sticking to a trading plan and only taking on trades that you're confident in. If you do find yourself in a situation where your account is close to being blown up, there are a few things you can do to try and salvage it. First, you can try to reduce your position size so that your losses are smaller. You can also close out some of your losing trades so that you don't lose all of your money at once. Finally, you can withdraw some of your funds so that you don't lose everything. Blowing up a Forex trading account is definitely not something you want to happen, but it can happen if you're not careful. By following the tips above, you can help to prevent it from happening to you. https://supermarketfx.com/what-is-blowing-up-a-trading-account-on-forex
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What are some tips on how to choose your stop loss amount or percentage of your account when trading forex?
This will depend on a couple of different things.
Type of strategy?
What timeframe are you trading? If you are a scalper your stop-loss will be closer than if you were trading on a higher timeframe. You also need to thoroughly backtest your strategy before knowing what works best for you. Not all pairs are created equal so you need to test this on your specific pair first.
High or low risk?
Are you trying to multiply your account fast or consistently make small gains long-term? If you want to grow your account fast you can be risking a large percentage of your account, but you may want to risk less than 1% if your not looking for any significant drawdown on your account. There is no clear answer here. It depends on you. However, I do share a video showing a strategy on the 1-minute timeframe with stop-loss, take-profit and percentage risked per trade. The market is always changing so these numbers may need to be adjusted. You can check out the video here. (Video)
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