How much do i need to start forex trading

How much do i need to start forex trading - One of the common goals among day traders is to make a living off their activities, trading one contract 10 times per day while averaging a one-tick profit (which as we saw is a very high rate of return) may provide an income but factoring other expenses, it is unlikely that income will be one on which a trader could survive. In a month with 21 trading days this trader will have spent ,050 on commissions alone, not to mention other fees such as internet, entitlements, charting or any other fees a trader may incur in the course of trading. Often fail to realize that even a slight edge such as averaging a one-tick profit in the futures market, or a small average pip profit in the forex market can mean substantial percentage returns. Use the above methods to help determine what your position size should be based on the stop loss level you used and what type of lot (micro, mini or standard) you're trading.