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Capital Requirement for forex

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Capital Requirement
Most brokers require standard accounts to have a starting minimum balance of at least $2,000 and sometimes $5,000 to $10,000.

Loss Potential
Just as you have the opportunity to gain $1,000 if a position moves with you, you could lose $1,000 in a 100-pip move against you. This loss could be devastating to an inexperienced trader with just the minimum in his account.

 
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Develop Your Trading Strategy

Develop Your Trading Strategy

Many individual investors are now looking at forex trading as an alternative form of investment. While this speculative investment option has the potential to be extremely profitable for anyone willing to learn and master the skills and knowledge needed to conquer the forex market, strict discipline is still needed to be able to succeed in forex trading.

Various information about forex trading, and forex investments in general, can be found all over the internet. Many forex forums also offer the needed assistance for forex newbies in trying to learn their way around forex trading. Numerous forex strategies are even developed in these forex forums where the members help each other in formulating and fine-tuning several forex strategies. And this is where forex newbies seek the help of more experienced forex traders in learning how to trade.
 

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You can always chose a broker that has a smaller opening balance requirement.

You can open accounts with some brokers for as little as $500.

Always try their demo platform first before you place real money into a live account.
 
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many many brokers have much lower minimum deposit requirements. Also, the golden rule for any forex trader is never to invest more than one can afford to lose.
 

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