This is the question everyone is asking or has asked themselves, what capital is needed to start trading? Small variant, what capital to make a living from forex trading? Of course, it will depend on everyone’s performance, their risk taking, the currencies traded. But since this is certainly the question we have been asked the most since we started trading, we will try to give you some answers.
Can we live on forex trading?
This is already a question that deserves to be asked! Many will try to discourage you and some will assure you that it is simple. That you just have to buy their training at X € to have the recipe for success. we believe that it is possible to make a living from trading, even if it is not my case. What you have to keep in mind is that possible does not mean easy and as with any profession there are advantages and disadvantages. If you cannot bear the uncertainty, difficult to become an independent trader, you will agree. If you think that this way of life, because beyond a simple job it is indeed a way of life, is made for you, here are some tips. As you go through Xtrade review you will also find that it is the platform that will suit you perfectly.
Calculate your starting capital
Calculation methods abound, all more fanciful than each other. Be aware that it is impossible to calculate how much you will earn, we can only estimate your future gains using statistics from past trades. Nothing precise, therefore, but a very useful order of ideas. Even if past performance is no guarantee of future performance, but you know that.
One parameter is certain: the amount you need to live each month. So let’s go from there. Let’s say, € 2,000.
Or annual, or quarterly, as you wish. For the example, we will take a monthly return of 5%.