Forex essential for start

[kwaqar1]

Dear all

As I did only demo account trading, and mostly gambling style. While trying to learn Forex, I have few question hope I will get good and sincere answer.
1. I want to start Forex trading as part time business, and want to start with some credits, so I want to know how much amount is required to make a reason able profit so some portion I can use to pay my loan installment, and some I can use for my living, and a portion can be use to increase the equity. Let say if I want to make 2k per month then how much my account balance should be and how much risk I have to take.
2. Which time is good for trading? How much time I should spend and which one pair will be good to start.
3. Should I use an EA, or manual trading is better. What is the recommended EA?
4. Personally I like long term trading but due greed and fear often close my trade.

expecting sincere answer to start this business.

Waqar Khan

 

[NVP]

Hey There

I would love to give you clear answers and tell you trading is a solid and reliable business venture

but its not

I would strongly recommend you investigate other business opportunities before persuing trading

regards
N

 

[neil]

Dear all

As I did only demo account trading, and mostly gambling style. While trying to learn Forex, I have few question hope I will get good and sincere answer.
1. I want to start Forex trading as part time business, and want to start with some credits, so I want to know how much amount is required to make a reason able profit so some portion I can use to pay my loan installment, and some I can use for my living, and a portion can be use to increase the equity. Let say if I want to make 2k per month then how much my account balance should be and how much risk I have to take.
2. Which time is good for trading? How much time I should spend and which one pair will be good to start.
3. Should I use an EA, or manual trading is better. What is the recommended EA?
4. Personally I like long term trading but due greed and fear often close my trade.

expecting sincere answer to start this business.

Waqar Khan

Start here:
http://www.trade2win.com/boards/first-steps/80692-best-threads-first-steps-forum.html
get a job that pays weekly.
Read for a few months then demo for six months, then try small stakes for a few months. If you cannot make it after that - give up.

 

[kwaqar1]

Surprised, I was not expecting this. Any way thanks, I'll rethink before I start.
I still need to get basic to start.

 

[deskipper]

If you want to do 2K a month, you should have more than 40K in your trading account

 

[com37]

Me too, i wanted to started a forex business but in a small amount only.
since i do not have much capital ...is it possible? i have heard about penny forex

 

[0007]

If you want to do 2K a month, you should have more than 40K in your trading account

......... and have a reliable and proven trading methodology

 

[deskipper]

Me too, i wanted to started a forex business but in a small amount only.
since i do not have much capital ...is it possible? i have heard about penny forex

You can open a cent account in InstaForex company. https://www.instaforex.com/account_types.php/?x=instruction on this link you will learn what are the account. here is an example центового account http://mql5.com/1zlu it will be $ 100. if you have questions write to me on e-mail.

 

[com37]

thank you deskipper.....i will follow that link :clap: