Forex Zone - Forex Forum
  1. Forex Zone - Forex Forum
  2. General Category
  3. General Forex Discussion
  4. How much capital is needed to make forex for living?

How much capital is needed to make forex for living?

Discussion started on General Forex Discussion

Print
Pages: 1 ... 73 74 [75] 76 77 ... 94   Go Down

Budnga

  • Hero Member
  • Posts: 2600
  • Points: 165
  • Likes Received: 176
  • Reputation: +1/-0
For this problem, I don't think you can get a boss, the important thing is that you have how much you can use for trading because the point is that money must be developed even though you use a large initial deposit but you can't develop it, it's the same as you can't trade for living.
#1111 - January 11, 2022, 06:01:37 AM

Purindra

  • Hero Member
  • Posts: 4049
  • Points: 4
  • Likes Received: 247
  • Reputation: +5/-2
regarding the amount needed for trading for living it depends on our own, lest we assume that trading requires large capital so that we are willing to do everything, including debt, it is not good to just use what is there
#1112 - January 14, 2022, 06:07:33 AM

kepala25

  • Hero Member
  • Posts: 575
  • Points: 1125
  • Likes Received: 4
  • Reputation: +0/-0
by withdrawing profit every week and every month, it can help me fulfill my finances from forex even though everything does not come from forex.
#1113 - January 14, 2022, 09:40:22 PM

Nike

  • Hero Member
  • Posts: 6978
  • Points: 2
  • Likes Received: 633
  • Reputation: +23/-19
For trading it usually uses capital above 1000 dollars to 5000 dollars. But it all depends on your understanding or yours, don't let you owe for a deposit. When you only have 100 dollars, it doesn't matter as long as you can develop it.
#1114 - January 14, 2022, 11:01:55 PM

Nike

  • Hero Member
  • Posts: 6978
  • Points: 2
  • Likes Received: 633
  • Reputation: +23/-19
for trading for living usually you should be able to use as much money as possible for a deposit but in this case you can use 100 to 1000 dollars because I know not many people use a lot of deposits The point is to be consistent first
#1115 - January 18, 2022, 04:42:02 AM

Manora

  • Hero Member
  • Posts: 2360
  • Points: 2
  • Likes Received: 193
  • Reputation: +4/-0
For now, it's up to you, the important thing is that you have money. And that's your own money because there are so many people who are willing to take on debt just to make an initial deposit and they have no knowledge at all. So don't let you be like that it will be very dangerous.
#1116 - January 20, 2022, 05:05:41 AM

Nike

  • Hero Member
  • Posts: 6978
  • Points: 2
  • Likes Received: 633
  • Reputation: +23/-19
if you are interested in becoming a foreign exchange trader for your life you should be able to provide a sizable deposit of between 5000 to 10000 dollars in the beginning because it is only your guarantee so that you can consistently run it calmly
#1117 - January 27, 2022, 06:43:44 AM

Almaraz Leticia

  • Full Member
  • Posts: 236
  • Points: 318
  • Likes Received: 9
  • Reputation: +0/-0
To be able to trade for living, you must be able to generate consistent profits.  the profit generated must be at least 2 times the monthly living cost to be trading for living
#1118 - January 27, 2022, 09:15:45 AM

lin lu

  • Starter
  • Posts: 8
  • Points: 508
  • Likes Received: 0
  • Reputation: +0/-0
trading for living must have spare funds to be able to survive for a year's living expenses if trading doesn't go as you wish
#1119 - January 27, 2022, 09:30:36 AM

Nike

  • Hero Member
  • Posts: 6978
  • Points: 2
  • Likes Received: 633
  • Reputation: +23/-19
For this problem, we must be aware that we need a lot of money, but when we still don't get enough money, we can use a small capital first, we develop it so that it becomes a lot then we can use it for trading for living.
#1120 - January 29, 2022, 07:20:37 AM

Almaraz Leticia

  • Full Member
  • Posts: 236
  • Points: 318
  • Likes Received: 9
  • Reputation: +0/-0
if the monthly cost of living is 5000 usd, with a consistent profit of 10% every month, then the minimum required capital is 50.000usd so that the cost of living is met.
#1121 - January 29, 2022, 09:17:11 AM

powel made

  • Starter
  • Posts: 3
  • Points: 1003
  • Likes Received: 0
  • Reputation: +0/-0
trading for living is not easy, it requires a large capital of up to $100,000 usd, only 1% profit in a month for daily needs
#1122 - January 29, 2022, 10:37:58 PM

datang74

  • Full Member
  • Posts: 183
  • Points: 683
  • Likes Received: 0
  • Reputation: +0/-0
I think this depends on the needs of life, because each country has different needs of its population, but for me, if you have $1500, I think you can do it.
#1123 - January 29, 2022, 10:39:26 PM

Purindra

  • Hero Member
  • Posts: 4049
  • Points: 4
  • Likes Received: 247
  • Reputation: +5/-2
In terms of money, it has become one of the most in demand. But it all depends on how we use it for usually around 5000 dollars to 10000 dollars
#1124 - January 31, 2022, 04:16:43 AM

ERSYA

  • Hero Member
  • Posts: 1214
  • Points: 938
  • Likes Received: 29
  • Reputation: +5/-5
in my opinion this depends on every trader concerned because the need for every trader will be different in value so it cannot be equated, therefore we are hungry to calculate well and correctly
#1125 - February 05, 2022, 06:19:12 AM
Print
Pages: 1 ... 73 74 [75] 76 77 ... 94   Go Up
  1. Forex Zone - Forex Forum
  2. General Category
  3. General Forex Discussion
  4. How much capital is needed to make forex for living?

Members:

0 Members and 1 Guest are viewing this topic.