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How Much Initial Capital Is Required to Play Forex?

How Much Initial Capital Is Required to Play Forex? Questions like this are often asked of me. Although I'm not an expert, but I often play forex some time ago. Therefore, some of my friends asked based on my experience playing forex.

Not only questions about initial capital, they also asked about the best forex brokers in Indonesia. I recommend only brokers that I have used such as FBS. If there are other brokers who are no less good, please write them in the comments later.

How Much Initial Capital Is Required to Play Forex?

The initial capital to play forex depends on the broker. If you register with a forex brokerage company from Indonesia, the initial capital can be smaller. Each broker usually sets a minimum or minimum balance. Some even offer free aliases using bonus balances on certain forex broker promos.

In addition to the minimum balance by the broker, what needs to be considered again is the availability of accounts and leverage. If there is a broker that offers a minimum balance of $10, then you have to check again whether the leverage provided is high? For example 1:500 or 1:1000. If true, then you will be comfortable playing forex with only a balance of $ 10.

Playing with 1:500 leverage is more suitable for those of you who are still beginners in forex because usually it will be more about learning than getting big profits.

The issue of initial capital does depend on the broker, usually starting at $ 5 and you can already trade real forex. Even if it's a little, it's a good idea to use a demo account before actually getting into real business.

Want a $50 bonus? Please read the article HERE.

Indeed, the money in the balance is not much, but the capital can make you trivial in trading. If it continues, it will become a habit when trading with large capital. Even though trading with small capital, try to always be careful and try to minimize losses.

Looks like I've strayed from the title, but that's okay. I'm used to when I tell stories about forex, I like to add other points besides the topic in the title. The point is you must already know the initial capital to play forex.

Have story? Please write in the comments. For those of you who work in a brokerage company, would you like to collaborate with this blog? Please contact me via the contact page.