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How much capital is needed to make forex for living?

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How much capital is needed to make forex for living? in General Forex Discussion_xx
If you have little capital, chances are you cannot rely on the results of trading for daily needs. Take for example your monthly needs of around 5 million per month to eat, rent a rent, pay for school children and so on. We assume you can just trade from 5% per month from capital. This 5% number is a normal number, it can still be achieved without getting too tired. So your capital requirements must be at least = 100% / 5% x 5 million = 100 million
#31 - June 25, 2019, 08:29:40 AM

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500 $ I think is enough to generate profits that can meet our needs.
#32 - June 25, 2019, 12:23:42 PM

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ideally having a capital of 100 $ to jump in this forex trading business because we can have considerable resistance



#33 - June 30, 2019, 02:27:18 PM

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How much capital is needed to make forex for living? in General Forex Discussion_xx
Many of us want forex for living. But we must be able to accept the fact that people who succeed in forex trading are only 10%, while 90% end in failure. Forex trading is not an easy matter. I want to ask all of you, How much capital do we need to be able to make Forex for living?
If you decide to trade for living, it is not just mental readiness and capital, but you also have to have savings or money for unexpected needs because we will not know what happens tomorrow. Moreover, in trading for living enough capital must also be accompanied by good skills in order to be able to profit consistently and be able to meet daily needs, related to the amount of capital in my opinion relative to the amount of needs borne in the household.
#34 - June 30, 2019, 04:50:06 PM

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There is no benchmark on how much capital must be owned for trading for living, in my opinion provided that according to that need is the ideal capital to trade for living.
#35 - June 30, 2019, 05:14:14 PM

nanda12

How much capital is needed to make forex for living? in General Forex Discussion_xx
all that is relative to the needs of the trader itself and can be seen from his daily lifestyle whether he is wasteful or not because if he is a type of wasteful person then in his trading he will do everything he can to get a quick profit, my advice is wise in determining income from this trading business, if you start with a capital of $ 1000 and every month you have consistently earned $ 250 or 25% it is already very good, learn to be grateful
#36 - June 30, 2019, 07:52:55 PM

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How much capital is needed to make forex for living? in General Forex Discussion_xx

ideal capital for forex trading to live in my opinion around 500-1000 $ because we will take 5-10% profit per day and I think it's enough



#37 - July 04, 2019, 06:52:34 AM

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ideally the capital must be above 1000 $ because with such capital we can trade safely



#38 - July 04, 2019, 07:31:42 AM

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Many of us want forex for living. But we must be able to accept the fact that people who succeed in forex trading are only 10%, while 90% end in failure. Forex trading is not an easy matter. I want to ask all of you, How much capital do we need to be able to make Forex for living?
there are people who with a capital of $ 30 a day can make $ 100 and some $ 1,000 a day make $ 100 as well. so it all depends on the technique of each person.
#39 - July 04, 2019, 12:28:52 PM

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in my own personal opinion to be able to start in the forex business ideally good capital to deposit is a minimum of 1k to 5k because with such capital it is logical that with the smallest lot we still have strong account resilience and can be averaged if there are direction indications according to our analysis
My $ 20 capital is also enough to make a $ 50- $ 100 profit per day with full scalping lots.
#40 - July 04, 2019, 01:36:12 PM

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The main point to become a trader for living, is about skill, if you having good skill trading and always profitable, hence you can increase money from 100$ to become 1000$, but I think many traders fail and they can't maintain this capital more than six months
#41 - July 05, 2019, 01:47:39 PM

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For the minimum capital depends on the ability of the trader concerned to be able to spend what amount from his pocket. Because basically the capital for forex trading is actually free whatever can be issued as long as there is no element of interest in the capital, the capital is worthy of being used as capital for trading. From a number of master traders who have been involved in this forum for a long time, usually a decent capital to be used as trading capital for living is $ 10,000 with a possible yield to be taken is 10% of each profit. If it is smaller than $ 10,000, it can only be able to just be a little between the need for trading and yourself, which in turn makes the account settings become unclear and chaotic. Even though it is a big $ 10,000, but if it is used as trading capital, then the capital cannot be said to be sufficient because of the leverage factor where the greater the lot opened, the effect of leverage will increase.
#42 - July 05, 2019, 11:02:09 PM

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trading for living requires very large capital but the amount in my opinion depends on the needs of each trader.
#43 - July 07, 2019, 08:01:55 AM

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trading for living must be a lot of preparation besides mental and skill as well as capital but related to capital or standard rules how much should be used.
#44 - July 08, 2019, 03:54:07 PM

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there is no definite benchmark of how much capital should be used for trading for living.
#45 - July 10, 2019, 08:42:43 AM

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