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Can you start investing in forex on the cheap?

Can you start investing in forex on the cheap?

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    • #1022
      Stan
      Participant

      Is it possible to invest small amounts of money into the forex market? I don’t think I’ll be able to invest a ton of money right away, but $50 or $100 here and there, is possible for me.

      Could I even go lower, like $20 here and there?

    • #1061
      James
      Participant

      To my knowledge, you don’t need a lot to start investing. I think I invested like $60 a while back in the market. I didn’t stick too much with it, but it was a start. I like to go low so I don’t overspend as well.

    • #1065
      D.Feder
      Keymaster

      Hi,

      Yes, you can start with small amounts. It would be best to look for a registered broker with a real government regulatory body behind it that enforces the law. If It licensed in Caribean, I would be wary. Look for European countries under The European Securities and Markets Authority (ESMA), Australian, Canadian, and U.S forex brokers should be just fine. The look for brokers that trade Micro accounts. These are smaller accounts that trade 1,000 units of currency, and trade small, figure out what works for you and go for it.

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