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Can i start forex trading for 20 $

Discussion in 'General Business' started by akash222, Dec 16, 2009.

  1. #1
    I want to start forex trading and does not know how to do it just i know that its a exchange of currency in foreign business market and we have to start 1st demo account to get practice ...

    can any one suggest me here can i start forex trading for 20 $ and can i pay from my paypal account how much daily profit i will get by 20 $ investment and how to do fores trading ......

    please suggest !!!!
     
    akash222, Dec 16, 2009 IP
  2. chandan123

    chandan123 Prominent Member

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    #2
    20$ is very low to invest on that niche to be honest
     
    chandan123, Dec 16, 2009 IP
  3. francis3

    francis3 Well-Known Member

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    #3
    In Oanda you can pay with paypal and I think from $1, but as says chandan $20 is very low budget. If you can learn I recommended you forexfactory.com forum, one of the best forex forums.
     
    francis3, Dec 16, 2009 IP
  4. Argentum

    Argentum Guest

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    #4
    on oanda u can buy 1 pip per cent.

    anyway, i hope you have knowledge and experience of at least 1 year trading demo before u go live.
     
    Argentum, Dec 16, 2009 IP
  5. tech-24x7

    tech-24x7 Member

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    #5
    no thats not enough money to start trading..you need need much more to start trading..
     
    tech-24x7, Dec 5, 2013 IP
  6. TheAnimatorGuy

    TheAnimatorGuy Member

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    #6
    Depends on your forex marketing skills and experience. Someone would suggest 2000$, but you could lose them in a day without proper market research. I would suggest try with demo money, although options are sometimes limited.

    Another good thing is to personally meet experienced forex trader - something worth doing - but it can be really hard.

    Good Luck though
     
    TheAnimatorGuy, Dec 21, 2013 IP
  7. NetStar

    NetStar Notable Member

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    #7
    It sounds to me you have no idea what Forex is... $20 is not going to going to cut it. Even if it was enough the POSSIBLE return would be minimal.
     
    NetStar, Dec 22, 2013 IP
  8. fxlock

    fxlock Well-Known Member

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    #8
    you can do it with $50 , pm me
     
    fxlock, Dec 29, 2013 IP
  9. david tsilosani

    david tsilosani Active Member

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    #9
    20$ is very law..
    you need at least 1000$
    so make demo account at first
     
    david tsilosani, Dec 29, 2013 IP
  10. Spoiltdiva

    Spoiltdiva Acclaimed Member

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    #10
    Demo accounts are free and are usually good for 6 months. As to needing $1,000 dollars, that can be a lot of money to some.
    The best thing to do is to trade with money that you can spare for a long time. It's really all about comprehending the economic and political situations of various jurisdictions, and knowing when currencies will rise and fall, and when to trade and when to hang on to your monies.
    Clearly the OP has no idea what he/she is getting into but can soon learn. I started out with Forex trading as a hobby, now it is a passion.
     
    Last edited: Dec 29, 2013
    Spoiltdiva, Dec 29, 2013 IP
  11. kjmartyn

    kjmartyn Active Member

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    #11
    Sounds like you're ready to jump in. I say go for it.
    I suggest you start with $500 and leverage it 50:1.
    Just think you can trade $25000 in a matter of days.
    Have fun!!!
     
    kjmartyn, Dec 29, 2013 IP
  12. Spoiltdiva

    Spoiltdiva Acclaimed Member

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    #12
    Nothing in your post makes a bit of sense. I believe that you have never traded in your life. Please refrain from giving any advice on Forex trading in the future.
     
    Spoiltdiva, Dec 29, 2013 IP
    NetStar likes this.
  13. kjmartyn

    kjmartyn Active Member

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    #13
    My comment was completely sarcastic. When a person asks if they can trade forex for $20, they obviously have no idea what they are doing.
    I responded to their stupidity with a stupid answer.
     
    kjmartyn, Dec 29, 2013 IP
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  14. Spoiltdiva

    Spoiltdiva Acclaimed Member

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    #14
    I do sincerely apologize, I think it may be time for me to replace my humor chip.;)
     
    Spoiltdiva, Dec 29, 2013 IP
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  15. Moon Lee

    Moon Lee Member

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    #15
    $20 is not enough forex starting? If you have money problems, you better practice demo.
     
    Moon Lee, Dec 30, 2013 IP