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How Much Do You Need to Invest?

7:38 AM Oct 17, 2019
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For beginners

Many people today avoid going to Forex, as it seems that they will have to invest a large amount of money right from the start. But this is a misconception. Of course, some trading strategies involve fairly large initial investments. However, with the right choice of a trading account, with a competent trading plan and a proper risk management system, you can start even with a minimum amount of money. Moreover, you can earn on Forex without investing a dime.

In this article, I will tell you what to do to make sure your investment size doesn’t exceed your financial capabilities.

Start with Choosing a Broker

This may seem unlikely, but the size of your start-up capital will directly depend on your broker. Before making your first deposit, make a careful research of the company you plan to trust your money to.

Always take a look at trading terms:

  • Available account types
  • Leverage and spread sizes
  • Commission size

Make sure that the company does not have any hidden commissions, otherwise, you will waste money which you could use to increase your profit.

Make Smart Transactions

There are dozens of payment systems available nowadays. When choosing a broker, make sure to check the list of systems they offer. Always check the following aspects:

  1. Reliability of the payment system
  2. The size of the commission charged by the broker
  3. The size of the commission charged by the payment system
  4. Request processing period

Most likely, you will be allowed to withdraw your money from a broker only after verifying your documents. Indicate only true and accurate information when to make sure you can cash out your profit at any moment.

How to Choose Account Type?

One of the main advantages of brokers today is the availability of several account types. All traders are different. You should choose an account depending on your experience, investment size, and trading strategy.

When making a choice, pay attention to these aspects:

  • Commission and fees
  • Sizes of spread and trading leverage
  • Minimum position size
  • Trading in dollars or cents

Trading on a cent account with minimal position size, you can enter the market with an extremely small initial investment.

In FXCL, you can successfully start trading with a small amount on Micro Cent and Mini account types.

Ask for Assistance for Customer Support

If you find it difficult to choose an account type, you can always contact Customer Support. Based on your preferences and capabilities, they will tell you which type of account suits you best.

How to Make Money Without Investments?

A lot of people avoid Forex as they don’t want to risk their money. But today, this industry offers so many opportunities that you can build your business without investing a dime.

If you are not ready to invest, find those who are ready. You can earn money simply by referring new traders to a brokerage company. And there are many ways to do this:

  • Look for traders among your friends and acquaintances
  • Use social networks - promote on your pages, create groups and communities
  • Promote a broker through advertising on themed or frequently visited websites
  • Place ads in magazines, newspapers, on television (depending on what is popular in your area)

The sky is a limit of available ways to do that. You can definitely find a way that will bring you results.

The profit you make in Partnership you can use for further trading on Forex.

I hope could show you that the Forex business does not always require large investments. If you are full of desire and sufficiently disciplined, then you have every chance to achieve financial independence on Forex.

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trading mindset beginners novice traders trading strategy losses forex mistakes trading habits trading plan forex trading women in Forex female traders risk management broker profit trading instruments pairs price advantages of forex leverage FXCL investments copy trading advantages of Forex social trading professional traders trading psychology demo trading buy/sell bid/ask spread Metatrader 4 market analysis technical analysis fundamental analysis trade trading platform Forex trading novice trading dealing with losses charts timeframe indicators MetaTrader 4 trading routine support level resistance level trend low-hanging fruit stop loss loss trading history long-term goals open trade close trade daily charts swing trading intraday trading scalping trading setup Forex traders bullish bearish resistance support MA 200 trend trading professional trading EMA EA daily chart weekly chart Forex news highs lows account type cent trading Mini Micro Cent Partnership commission fees trading terms Stop Loss news trading economical calendar major news release currency pair currency rate national currency trading journal trades profit/loss emotions news release positions size Expert Advisors platform trading robot cryptocurrency volatility day trading position size lot account types cent accounts Mini account ECN Copytrade ECN accounts swap-free minimum deposit order execution liquidity providers demo accounts real account low-risk trading EUR/USD economic calendar majors cross-currencies exotic currencies base currency quote currency quotes bid ask Brexit United Kingdom European Union GBP Euro GDP WTO price levels moving average 4-hour chart 1-hour chart bulls bears false breakout cross-currency USD pin bar trading inside bar trading hands off breakeven stop loss 50% stop loss