Trade on forex with 1000 Dollars
Very often a novice trader cannot decide on the amount to start trading, on the one hand, fearing to lose his own money on the other, not wanting to play interest in the cent account.
What amount will be optimal for trading on Forex and how much you can earn with a similar deposit.
It so happened that everyone loves round numbers, and often the amount of $ 1000 is available for investment in trading on the stock exchange. How much can you earn with 1000 dollars on forex, and what are the account indicators you need to use?
Before you open an account in one of the dealing centers, you will have to determine its parameters such as leverage and account type.
The choice of leverage is not an easy task, because it affects the volume of trade, with a deposit of $ 1000, you can limit the indicator to 1: 100 in this case, you will already be available trading volumes of up to 1 lot. And this is not so little, but still, I would recommend a leverage for a beginner trader 1:50, this option combines low risk and the ability to earn.
Then go to the type of account, with our capital you can already swing to open VIP accounts, so there is no point in opening the standard because VIP accounts have more favorable terms of trade. In addition, it is on these accounts that there is a direct access to the forex market via the ECN system.
After the account is open and money is deposited, you can go directly to the trading process, and here comes one of the most important moments the choice of trading volumes.
The most reasonable is the flexible approach to this issue, with a leverage of 1: 100 and a deposit of $ 1,000, we can trade volumes up to 1 lot.