The daily trading capital or budget is the most crucial point for all the traders. It is especially for the beginners in this forex industry. 

If you have learn the methods, theory, and many other things related to this activity, it can be the right time to do a real one. Various different platforms are available right now. 

You are able to open an account with various kinds of prices. Some may require 50 dollar as the minimum capital, but the others can only need 10 dollar to open an account. 

The next thing you should consider is how to manage that daily trading capital wisely. Below are several recommendations from the professionals to do.

Learn and Do the Risk Management Concept

The large capital without doing a risk management is truly like a “suicide” which means you may loose your money quickly. Before doing A trade, understand about this risk management first. 

The theory is that to allocate 1 percent from your forex account credit. Remember that it must be only 1% in one transaction, not 1% a day. 

With this kind of risk management, you have to stop the trade activity when 1 percent loss is happened from the capital. The example is if a trader has 100 dollar credit in his account. 

It means that in a transaction, it is not allowed to loss more than a dollar. It may protect your money better, but the profit is not too much. 

Manage Your Daily Trading Capital With Stop Loss Order

When you are in a forex  activity, there is a feature which can be used as a reference to decide how much capital to be risked. This automatic feature is known as stop loss order.

This feature can close a transaction automatically when the price has been reaching the up or above limit. By applying this stop loss order, a trader can decide how much deposit to be placed for an account. 

The initial deposit can be 100 dollar with 10 pip risk loss and the minimum transaction is 0.1 dollar. Meanwhile, you will need 500 dollar for 10 pip loss with 0.5 dollar and so on. 

Besides for maintaining your daily trading capital, this feature is also beneficial to manage the loss. That is why; you can consider to use it while trading. 

So, What Is the Optimum Budget for Trading? 

The best capital to start a forex account is for about $1000. With this huge budget you are able to accept $10 per transaction and it is more than enough. 

Besides that, a trader will be more flexible to decide his daily budget while doing a trading. The good thing is that you also have a chance to get the bigger profit. 

However, please make sure to have the simple mindset and don’t be too greedy. Forex activity can give the big profit, but don’t let your desire is too huge to control you 

Create a “border” and Choose the Best Forex Broker

By doing a limitation like this, a trader is able to train his mentality and patience. It is not for reducing the daily profit, but more for limiting the loss value. 

If you have been becoming a professional, the next target is increasing the trading result everyday. Don’t forget to always choose the best broker such as the Didimax forex broker.

It provides various kinds of trading platforms with the low spread and competitive prices. Didimax is also the legal one since it is under the regulation of Bappebti and the member of JFX, KBI. 

Didimax has been in this industry since the year of 2000 and become the best choice until now. So, join with them to help you manage the daily trading capital better than before.