June 21, 2023
Minimum Deposits
It is incredibly difficult for a beginner to follow the simple rule - risk no more than 5% of the capital. What's more, without realizing it, they break it right away.
‼️Как? Let us take a minimum deposit of $10. The minimum transaction amount is $1.
❓What is it in percentage terms, $1 of $10? That's right - 10% risk on the amount of the deposit. Immediately, just by making a minimum deposit, you're already violating money management.
Hence, the minimum requirements to a trader's deposit. It's elementary to calculate them. Say, if you are planning to work conservatively, risking only 1% of your deposit, then your minimum deposit at the minimum deal of $1 = $100.
⚡️Чтобы risk 5%, the minimum deposit on a $1 trade should be $20, respectively.