Forex day trading with $1,000 (or less) is possible, and even profitable. Forex trading allows you to control your position size precisely, and utilize leverage, both which aid a small trading account. In the stock market you can’t do that as effectively; to have a day trading account in the US you need a minimum of $25,000. In the forex market you can start trading with less than $1,000. That doesn’t mean you’ll be able …
A crucial element of trading success is taking the proper position size on each trade. Position size is how many shares you take on a stock trade, how many contracts you take on a futures trade, or how many lots you trade in the forex market. Position size is not randomly chosen, nor based on how convinced you are a trade will work out. Rather, position size is determined by a simple mathematical formula which…
