Forex trading with min invest less than $100?

Question

I am new in forex and wanted to start with small investment.
looking for online forex trading with min deposit less than $100?

accept paypal or egold for the payment

Thanks

Answer 1

With only $100 to invest Forex is not a good choice for you at this time. You are usually wanting to limit your margin in any one trade to no more than 3% - 5% of your account size. This means you would only be able to place $3 -$5 into a trade. Just the spreads would eat you alive.

I recommend that my clients do not even consider Forex until two things occur. First, they must have at least $2500 of disposable income to invest into the Forex market. Second, they must spend at least 3 months trading with demo accounts to prove to me that they have a sound understanding of the dynamics, methodologies and risks associated with the Forex market space.

This tends to be time well spent since the majority of my clients earn a comfortable, consistent rate of return using Forex as one component of a long term investment strategy.

Good luck with your demo trades.

Paul
[e-mail]

Answer 2

Before you consider trading live, you should open a demo account with a forex broker and trade virtual funds for atleast 2months(if u r in a hurry), i recomend atleast 6months. One of the best places ive found is Oanda.com, their demo accounts don't expire unlike most of the broker demo accounts out der which expire in less dan 20 days. One of the reasons why i like oanda is dat they ave forex contests where u can compete against other trader, u can even start ur own contest.

There are some brokers who offer incentives or bonuses for opening accounts with them. fxclub.com will fund ur account with $100 once u open an account with them. marketiva.com offer $5. Der other who offer upto $2000 but you will have to deposit atleast 10000 inorder to receive d bonus.

The only broker i no who accept e-gold is marketiva.com but most brokers mainly accept bank wire.

Starting to trade with $100 is not a bad idea but u will require alot of patience to make a good return out of it. U can possibly turn that $100 into $1000 or even mo in a year but that will require alot of patience and hardwork. Do alot of reading and practise on demo accounts before u start trading real money. The best forex education site ive come across is babypips.com

I read about someone who turned $1500 into $80million in 10 years.

All it takes is patience, hardwork and good money management skills not forgeting putting aside ur emotions when trading real money or even virtual money.

To answer d last part of ur question bout d minimum deposit u can check out

http://www.goforex.net/forex-broker-comparison.htm


I hop i answerd most o ur questions..

Answer 3

Don't waste your money (right now). Use software on most FX brokers platforms to "paper trade". Read as much as you can. Wait at least 6-12 months before you trade.

Most of the better brokers want $500 - $1,000 as an initial investment. Please note: All FX brokers are bad. There are ones less bad than others.

90% of the people that try FX trading lose. They gamble, think they're smarter than the market, look for just one big score. Think they're ready to trade after a week or two of paper trading.

70% of the trading skill is in "Money Management". Successful FX traders only win 50% - 70% of all trades. Management of what you lose is key.

When you decide to get in..... expect 6 months to 2 years before you are turning a decent profit (if at all). Never risk more than 2% of your balance on any one trade.

Don't think this will be easy. Don't think this will be easy.
Don't think this will be easy. Don't think this will be easy.Don't think this will be easy. Don't think this will be easy.Don't think this will be easy. Don't think this will be easy.Don't think this will be easy. Don't think this will be easy.Don't think this will be easy. Don't think this will be easy.Don't think this will be easy. Don't think this will be easy.Don't think this will be easy. Don't think this will be easy.

Consider yourself warned!

Answer 4

yup..u can starts trading as little as $1 at marketiva.com
free $5 for your real account and $10000 for practise.
egold are acceptable..

Answer 5

Brokers don't use PayPal or E-Gold.