Is $100 enough to invest in Forex

hi

i have some $100 in my paypal account i am thinking of investing it somewhere.
i was just thinking if forex is good option to invest.

Or any other suggestion to gain profit linearly or exponentially?

 

For starters at the OandA brokerage company. I use them low spreads and cost. No minimal opening balance required.
oanda.com

Cheers.

 

it's enough. but it will cost you an additional $1000 in fees.

 

get a micro account, you can start with as little as $25 (10 cents a pip)

search microfxcm

 

You cant beat the spreads at oanda... they are the lowest and cheapest and yet they do not have a minimal opening balance. What else could you wish for?

Cheers,

 

Sure, you can go into the forex market with just $100. However, you may wish to read up on the market. Seems simple but it's pretty complex.

 

Investing small amounts of money generally means you lose any potential profits in brokerage fees.

 

I've traded forex and did a course on it. The general rule of thumb is that you need at least a few k to start up with.

It's not easy by the way, and I highly suggest you use a dummy account while you get to grips with it.

 

i think $100 for investing in forex isn't enough. at least you invest $800. you can invest it but the profit is too low

 

oanda is the best for small amounts however you will be wasting your time with $100, especially if you are a beginner. like the previous poster said your profits will be low and with a couple big losses you'll be out of the game. save the $100 and stack your money until you get to $500-$1000. Forex is not easy, if you don't know what you are doing then you are gambling. if you want to invest money find a DRIP (dividend reinvestment program) or just place in savings.

 

Forex is notoriously difficult to forecast. I'd suggest investing in stock exchange index contracts - they are cheap and liquid to trade. Take a view on a market performance based on economic outlook and current pricing levels and good luck!

 

$100 isn't sufficient, in my opinion.

Make sure you use the test account they offer before attempting to leap into the real deal.

 

You can start with that but your upside will take a long time to compound compared to a $1600+ account.

Forex is nice for smaller traders because comissions decrease/increase relative to amount of contracts bought, usually 2-4 pip spread with most brokers.

But keep in mind playing the market safe with $100 may only result with 5-40% returns in a year's time with $100 this may not be much to you

 

Be careful with forex. I suggest opening a demo account and showing a consecutive profit for 6 months before even thinking about throwing your money away. I have seen some smart, financially savvy cats loose their arses.

but to answer your question, don't get scammed. $100 is not enough initial capital to have a substantial ROI to even be worth your time.

put the $100 in a jar and save it till the next time you go to Vegas

 

if you are amature in forex $100 is enough for investment . most of people invest over $1000 in forex .

 

I would say $300-600 in past experience's

 

Yes its enough for stating.

Mark.

 

yes it is enough

 

good question buddy, i'd like to hear what people have to say about this as well...I don't even really know that much about what forex is, would like to learn, hear so much about it.

 

Yup, make sure that you read up on it and do a dummy account first. It is way more complicated than you think it is.