The most common question asked by most people who are going to do trading, this issue of the minimum amount which must be made to account for the start of transactions. However, a clear answer to this question is impossible. Consider in detail the reasons for this situation.
When concluding a contract with any Dealing for foreign exchange transactions, you are given a special account to which you want to contribute funds to start trading. The treaty will certainly be associated with the very minimum amount required for the activity. The amount you make, must surely be more, or at least equal to this minimum deposit, otherwise, further work on the forex market will be impossible.
Also note that the size of minimum deposit and minimum trading lot is not always ideal for bidding. For example, if the minimum lot is 0.1 lot, in other words, a paragraph is 10 MHz., 10 n., respectively, 1 cu If your deposit on the Forex is $ 50, the largest drawdown that you can stand it, will be equal to total 500 points (even without the margin call (margin call)). And so, when it comes to trade only one currency pair. If you open a number of deals with several different currency pairs, then the maximum allowable drawdown will of course be less. It should be noted that 500 points for the Forex market is not so much, some currency pairs can go through them for 10-15 hours.
When concluding a contract with any Dealing for foreign exchange transactions, you are given a special account to which you want to contribute funds to start trading. The treaty will certainly be associated with the very minimum amount required for the activity. The amount you make, must surely be more, or at least equal to this minimum deposit, otherwise, further work on the forex market will be impossible.
Also note that the size of minimum deposit and minimum trading lot is not always ideal for bidding. For example, if the minimum lot is 0.1 lot, in other words, a paragraph is 10 MHz., 10 n., respectively, 1 cu If your deposit on the Forex is $ 50, the largest drawdown that you can stand it, will be equal to total 500 points (even without the margin call (margin call)). And so, when it comes to trade only one currency pair. If you open a number of deals with several different currency pairs, then the maximum allowable drawdown will of course be less. It should be noted that 500 points for the Forex market is not so much, some currency pairs can go through them for 10-15 hours.