Is Forex Trading Capital Intensive?

Question

That is, do I need a lot of money to open and trade with a forex trading account?

Answer 1

Most beginner forex trading accounts can be opened for between $1000-3000 based on the forex broker company. You can start with demo accounts and move up to mini and regular forex accounts.

Since you choose the degree of leverage you wish to exercise while operating your forex account, most brokers permit a level of flexibility that you're comfortable with. It is this leverage that determines the kind of profits you make from forex trading.