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Thread: Sound so crazy to deposit 20k$

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    Junior Member mikid is an unknown quantity at this point Reputation: 1 mikid's Avatar
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    Sound so crazy to deposit 20k$

    Hello,

    I have 20,000$ to start trading with ...
    But they'r in my bank right now, which FX isnt available there...
    so my question is ...
    am i so DUMP to get those money from my bank account and put them into a broker company ? like OandA which i got a live account with , or IBFX?

    Realy, just crazy people does that ....

    How could i realy trust "a broker"...? what if the people who did recommend it are from the same company or somehow a lie?

    i mean , if i have a company with 100,000 People ... each one with 20k$ thats mean 2000000000$ , i would claim that the company did break ...

    How you guys feel with your LOT of money 10k+ placed into some place that could steal your money ... ?

  2. #2
    Member samson36 is an unknown quantity at this point Reputation: 5 samson36's Avatar
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    Quote Originally Posted by mikid View Post
    Hello,

    I have 20,000$ to start trading with ...
    But they'r in my bank right now, which FX isnt available there...
    so my question is ...
    am i so DUMP to get those money from my bank account and put them into a broker company ? like OandA which i got a live account with , or IBFX?

    Realy, just crazy people does that ....

    How could i realy trust "a broker"...? what if the people who did recommend it are from the same company or somehow a lie?

    i mean , if i have a company with 100,000 People ... each one with 20k$ thats mean 2000000000$ , i would claim that the company did break ...

    How you guys feel with your LOT of money 10k+ placed into some place that could steal your money ... ?
    Hi mikid, If you are new to forex trading, I personally not recommend to put $20000 in live account. First of all, you might get stressed , afraid to loose. Based on my experience, it is better to start small, and grow it big eventually.

    By the way, I personally not recommend to trade on demo, it is better to put a minimum trade fund as the broker allow and start live trading straight.

    You must select / develop a trading strategy that suit your trading style.

    After you get a strong confidence in your trading plan, especially trade management, then you might consider to increase the fund size if you wish so.

    For your information, I research the relevant broker from google search engine by placing right keywords, you at least need to have 4 to 5 review sites to conclude what people really think about the broker. Undoubtedly, some brokers did play trick to hire people post good review about them, or post bad review to their competitors.

    At last, hope you can make a smart choice, happy trading.

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