How much money should you have in your FOREX acount in order to earn an income?
January 18th, 2009
ej105 asked:
I am planning to add funds to my online FOREX account and I am wondering what would be the appropriate amount of money to start off with in the account to where I can generate enough revenue to earn an income off my profits. I know you need at least $1000 just to play in the market but that amount is not enough to make money on. What would I need to have in my account to where I can start compounding the little profits that I make here and there?
NEESON
I am planning to add funds to my online FOREX account and I am wondering what would be the appropriate amount of money to start off with in the account to where I can generate enough revenue to earn an income off my profits. I know you need at least $1000 just to play in the market but that amount is not enough to make money on. What would I need to have in my account to where I can start compounding the little profits that I make here and there?
NEESON
You should have at least $100,000.00 in it.
That way you don’t have the extreme risk of using their 50 or 100 to one margin where you lose your entire investment if a currency drops only 1 or 2%.
FOREX Margin, just say NO!
Forex market accounts and third your starting account of your goal of the knowledge to keep in cds money market the other half you are working very hard while they have well over per month and hope that you prefer to go through forex hedge trader and only to be able to earn over return per month and what is not be conservative forex even.
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