If you don't have enough knowledges for trading the best way to save your money to trade with professionals, of course if you are master of trading to do it your own!
Sound so crazy to deposit 20k$
- Thread starter Leopardos
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If you don't have enough knowledges for trading the best way to save your money to trade with professionals, of course if you are master of trading to do it your own!
hello,
As to me I prefer to start trading with demo account. And if only you have enough experience to trade on live account begin deposit own money. Well I've chosen this strategy.
As to me I prefer to start trading with demo account. And if only you have enough experience to trade on live account begin deposit own money. Well I've chosen this strategy.
the atmosphere of real trading in demo account depends on broker mostly, and if you try demo and then real account, and they are similar, this is good mark of broker
All the best and good luck -its nothing to fear.
20,000$ is a small thing compare to 1million.
You can learn at the same time doubling your account
But well before you proceed- i would advice first you get a list of honest brokers then get accounts there and deposit small amount on every broker and just distribute your money and do not deposit all money on one site. and do not deposit all amount in one time just deposit small amounts time after time.
I always quote what i learned from gambling, "only invest/ what you can afford to lose" if not an extra money then do not invest it in forex, yeah even for us peolple from south east asia, 20 grand is a big amount of money, but honestly in the world of forex, 20grand is small, there are people who would invest 5 to 6 digit figures in euros or dollars and make quite a profit annually with minimal risk.. each broker have their strategy of course to stay in business, well know brokers who earn from comission and small pips would rather keep earning in the long run than running with just one big sum.. everyting in life have a risk.. just be sure to be wise in choosing which risk you take
everyting in life have a risk.. just be sure to be wise in choosing which risk you take 
There is no problem at all with entrusting a properly regulated broker in a 'proper' country (USA / Western Europe / Australia) with your money.
Just make sure that
a) the broker is really regulated well and is not only claiming to be (check the regulator's website for that);
b) clients' funds are being kept in segregated accounts with a well-rated bank;
c) to be doubly safe, don't let your account balance exceed the maximum insured amount.
If you observe those rules, your money is perfectly safe ... as safe as in your bank account.
In addition, USD 20k might sound to be more than pocket change to an individual, but, let's face it, it still comprises a small trading account.
Cheers,
P.
Just make sure that
a) the broker is really regulated well and is not only claiming to be (check the regulator's website for that);
b) clients' funds are being kept in segregated accounts with a well-rated bank;
c) to be doubly safe, don't let your account balance exceed the maximum insured amount.
If you observe those rules, your money is perfectly safe ... as safe as in your bank account.
In addition, USD 20k might sound to be more than pocket change to an individual, but, let's face it, it still comprises a small trading account.
Cheers,
P.
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