How much money do I need to get into Forex Currency Trading?

Wednesday, January 8, 2014 , Posted by Ryanita at 7:00 AM

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BarbieDoll


How much money do I need to get into Forex Currency Trading??? Like whats the minimum and how much money could expect to make if I do well?


Answer
Hello,

My recommendation is to start at least from 100-200$. Ff you will have less money on your account you need to wait a year to double it.
Your income can depend from your style of trading.
If you will trade manually you can make 100 pips a month. But, for example, if you will use at least semi-automated Forex system that will trade instead of you and can make up to 800 pips it's completely another situation. When I was started Forex I made the right choice and start automated trading with Forexeasystems.

Hope, you will succeed on Forex.
Best wishes!

How do charts on forex platforms work?




Mi R


Lets say the the computer chart moves the price from 1,5000 to 1,5001-a one pip move.Why?I could understand if the price would move once a day but every second or so?A one pip move has to mean something,there is a reason why it moved for only one pip.Whats that reason?

Also how does the chart know to move the prices?



Answer
For each movement a graph is made. When such graphs are combined together you can see the graph moving in electronic trading. Of course the market is very volatile so there are bound to many graphs.The graph seems to be moving thus.Each trading Software is linked with market thro coding which shows the movements according to the markets.




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