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/biz/ - Business & Finance

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355242 No.355242 [Reply] [Original]

Would I be able to make much of a profit trading forex with $1000, or is it a lost cause?

pic unrelated

>> No.355244

>much of a profit

In absolute gains? Not with $1000.

In relative gains? Sure.

>> No.355247

>>355242
if you have to ask...

>> No.355788

>>355242
Yes IF
you use good leverage. Oanda has a max of 50:1

>> No.355790

>>355788
>50:1 leverage
lel

>> No.355797

>>355788
Also you have to be not retarded and lose all your money. Stop losses are your friends when you use leverage

>> No.355820

>>355790
Well if he want profit from 1k that's pretty much what he'll have to use.
Although they have anything from 10: to 50:1
I use 20:1

>> No.355825

>>355242
hmm, make some pennies on a few pips or easily double your money in one day trading altcoins...decisions, decisions...

>> No.355836

I had a $1000 account and I used to make $20 per day easily with it.

But then I had to take out my entire portfolio because I had to pay for medical stuff... so now I am without a portfolio and maybe you can give me your money?

Thanks.

PS. I trade virtual daily ever since and my virtuals are all in profit.

>> No.357011

>>355788
Isn't 50:1 the max for the US in general? I remember some legislation happening because shady brokers were getting nigs to put in tons of money at 200:1 leverage without really explaining the risks and they'd blow through it all in a day.