Is Forex Trading expensive?

This is very dependent on how you want to trade, whether you intend to use leverage, and how much cash you are ready to risk. You may start with $250 and work your way up to $50,000 – the sky is the limit. However, keep in mind that increasing the amount of leverage you utilize also increases the level of risk you’re incurring. Trading ultimately boils down to a trader’s psychological tolerance and risk management. Skilled traders may limit risk and increase gain by doing comprehensive market analysis, developing an effective trading strategy, and following money management recommendations.