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  1. #1
    Junior Member

    sad3 Minimum Deposit? !!!

    Hey guys, whats up? i wanted to ask you because soon ill do my first deposit and i need of your opinions.

    Well, this is the problem. Im from venezuela, and we have a strict change control (or currency control, i dont speak english so well). The fact is that i dont have access to a high quantity of dollars, i think ill get 100-200 and i wanted to invest them in binary options. But after reading articles in bots school i find it could not be a good idea because i could lose many trades. But i cant get 400-500 for what the school call a "smart" deposit. So what can you tell me? could i make that deposit and be the most careful i can to trade?

  2. #2
    Moderator Kolyo's Avatar
    Quote Originally Posted by jesusoro17 View Post
    Hey guys, whats up? i wanted to ask you because soon ill do my first deposit and i need of your opinions.



    Well, this is the problem. Im from venezuela, and we have a strict change control (or currency control, i dont speak english so well). The fact is that i dont have access to a high quantity of dollars, i think ill get 100-200 and i wanted to invest them in binary options. But after reading articles in bots school i find it could not be a good idea because i could lose many trades. But i cant get 400-500 for what the school call a "smart" deposit. So what can you tell me? could i make that deposit and be the most careful i can to trade?


    Hi jesusoro17,
     
    If you have serious problems to deposit more than $200 maybe you should start with that amount, but it is not very recommended because the minimum trade size is something about $10 which is already 5% risk per trade. It is better to keep it under 2%.

    But if you are careful you can learn from such experience and succeed to not lose your deposit. However you have to be prepared for such development. If you don’t won’t to lose make sure you learn enough time before switching to real trading and try to start with bigger deposit. If you have more questions let me know, but I think you need to learn more and than start trading with good broker and keep trading for a long time for profits not just for a few fast and risky trades which will wipe out your account.




  3. #3
    Legendry Member Michael Hodges's Avatar
    Kolyo is right about the account size, you want to keep your trade size under 3-4% at most, under 2% is better to start with .... but it can be done, just like Kolyo says, you just need to be disciplined in your trading, only trade the $10 or whatever the smallest trade sized is allowed by your broker, and only take good signals. don't chase the market.

  4. #4
    Specialist Member runneroption's Avatar
    You can start trading with minimum deposit of course. I also started two years ago wit a small account of 200$ and lost it

    Small accounts can be traded successfully but there are some money management and psychological problems that are specific only to small accounts. First with bigger account you can risk less per trade and thus trade more often and with bigger number of trades. Second it is purely psychological issue that if have less money in your account you are more easily accepting to lose it, while if you trade with more money you are more selective and careful, but at the end it is up to you how to start. If you really want to learn real trading than you should trade real account.

  5. #5
    Junior Member
    Quote Originally Posted by runneroption View Post
    You can start trading with minimum deposit of course. I also started two years ago wit a small account of 200$ and lost it

    Small accounts can be traded successfully but there are some money management and psychological problems that are specific only to small accounts. First with bigger account you can risk less per trade and thus trade more often and with bigger number of trades. Second it is purely psychological issue that if have less money in your account you are more easily accepting to lose it, while if you trade with more money you are more selective and careful, but at the end it is up to you how to start. If you really want to learn real trading than you should trade real account.
    Believe me when im saying that ill be careful, because those maybe are the only 200 ill get this year

  6. #6
    Active Member BryanCris's Avatar
    What type of expiry are you looking to get 5 min, 15 30 ? There is one good broker who only has a min of 20 dollars deposit and dollar trades are available. Its a good way to get started with a live account without a lot of stress.

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