ForexVerified
Private, 1st Class
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The odds are you'll lose first.Nobody will know what happend on $200, maybe you will lost within one day, or make it $20000 within one year. So forex trading is full of possible.
The odds are you'll lose first.Nobody will know what happend on $200, maybe you will lost within one day, or make it $20000 within one year. So forex trading is full of possible.
The odds are you'll lose first.
$200 is a reasonable amount to start with, although you cannot make good and big profit out of this low amount, but you can practice nice and easily by using such a low amount in your trading account.
If we will have low amount of trading funds then it is very much possible that we will loose them
Yes it is true that you can loose the little amount you have for trading if you don't use good money management on it. With small deposit one cannot earn handsome amount so he tries to raise the lot size and lose all instead.
For learning purposes, $200 is a reasonable amount to trade. If you want to make profit though, it simply won't happen as you would have to trade large lots to make $100 for example, and that is 50% gain, something most traders find hard to do on a yearly basis. Not that it's impossible to make such amount, or even to make five times that, it's just the chances are very low.$200 is a reasonable amount to start with, although you cannot make good and big profit out of this low amount, but you can practice nice and easily by using such a low amount in your trading account.