seriously learn how to day trade in Forex you should consider to start with an account from 5k to 10k based on your financial condition. Example EUR/USD, margin (Good faith deposit) USD12 per Microlot (Amount to set aside when you place a trade). However let's do the math on a Forex Account: Use this information for our example: Microlot 1,000 units (Minimum lot size). Note : If you do 3 wrong trades, you are out of the game. Roundtrip Cost.08 (Microlot spread.5 pips (EUR/USD) 1st you open 1 microlot and the market move against you 110 pips, you lose.13 (11.08.05).
Cost of the Pip.10 (On Microlot). Your new balance.61 4th trade Same, the market move against you until your balance.
Your new balance is 27,74 3rd trade Same, the market move against you 110 pips, you lose 11,13. You can find trading knowledge in books, but you need to supply motivation and discipline. Volatility EUR/USD can move on average 110 pips. Discuss trade setups, fundamentals, technicals, and other trading topics. r/Forex is for traders who are serious about sharpening their skills and becoming consistently profitable in any market. Available Margin USD38 (50 - 12). It's a challenge to start with that amount, it's similar as to learn to how to swim on a kids pool.