How much money do you need to trade with Forex advisors?
Automated Forex trading is one of the most popular areas of trading among investors.
Almost any trader has tried to use or uses advisors on a regular basis in their work.
But the more popular the trading method, the more questions beginners have regarding the nuances that arise in the process.
One of the most frequently asked questions is – How much money do you need to work with a stock advisor?
The question is quite important because if there is not enough money in the account, the robot will not open new transactions, and in the worst case, it can completely drain the deposit.
Minimum and recommended deposit sizes
Now there are a huge number of trading advisors putting forward their requirements for the minimum and recommended deposit.
As a rule, the minimum deposit amount ranges from 50 to 1000 dollars, but the recommended deposit usually ranges from 300 to 5000 dollars.
Most of the robots you encounter ask for a deposit of $1,000, so for full-fledged work you need to focus on this amount.
Checking operating parameters
Before starting, it is advisable to test the advisor on a demo account with a deposit amount corresponding to the amount with which you are going to trade on your real account.
This will make sure that when working on a real account the robot will not throw surprises at you.
You can also check the functionality on a cent account ; some scripts work normally on cent accounts with a much smaller deposit amount than was specified in the instructions for use.
In general, the size of the recommended deposit is not such a big problem at the moment, because you can always choose a robot with lower requirements for the amount in the account.