Is forex trading expensive for beginners?

The forex trading broker determines the fees that a trader must pay when opening a position. There are cheap and expensive providers. The costs have a decisive effect on a trader's profits. The cheaper the fees are, the higher your profit will logically be.

In many cases, 2 different account models are offered. The only difference here is how the forex broker earns his money. A distinction is made between a spread and a commission account. From my experience, the commission account is much cheaper and offers more advantages.

Often there are 2 fee models for traders:​

1. Spread model: You pay an additional spread when a position is opened (this may depend on the market situation).

2. Commission model: You pay a minimum spread (often 0.1 points or less) and you pay a fixed commission per 1 lot traded (100,000 of the underlying).

Is trading the Forex market expensive?​

No, trading Forex has never been cheaper or more accessible. Traders can now trade on institutional grade pricing with a deposit of as little as $200 and leverage of up to 500:1. It is, however, important to remember that although trading on leverage can maximise profits, it can also amplify losses.

While this price range might vary depending on "location", there would be a concrete way to define "expensive". Comparing it to a figure like average annual income, or median home value where you would be looking. On a more, micro level, you can compare similar homes in a given neighborhood to asses whether that particular house is as expensive compared to ones like it.

But, when it comes to evaluating expense in trading, it is not that simple.

Also, it would be best if you decided on the currency to trade and the style of trade. With your trading style, you can execute your trading plan, complete with where you'll exit, and cover for your losses.

Essentially, you'll be entering your orders, managing your trades, and picking up your trades as per your plan. Without a profitable plan, your Forex venture is meant to fail.

Is Forex trading expensive? You might ask. To put it precisely, Forex trading isn't such an expensive venture. But it would be best if you got started with some reasonable amount to fund your orders.

However, the minimum amount you can play on currencies will always depend on the platform on which you conduct your trades.

In addition to placing your orders and managing your trade, another critical aspect of successful Forex trading is money management.

So, what do you think? Is forex trading expensive or not ?

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Yes, if you start your trading career so directly throw live trading, then surely Forex trading could be very costly to you! On the other hand, if you start your trading career by demo practice, and invest your time to learn Forex! Then Forex trading is a affordable option!

Forex trading is not expensive for beginners. It does not take huge amount of money to start making money with Forex trading. We can get started with $100 for initial trading on Forex.

it can only become expensive when you want to undergo one-on-one training with an expert. Some experts are going to charges as higher as 2000 dollars in order to teach a forex trading on one on one.

I got to know about forex trading about a decade ago when I was still searching for ways to make money online. there are some group of people who usually advertise forex trading seminar and a lot of people used to attend at that time.

Forex trading is too technical for me and that's the reason why I don't consider it as one of my source of multiple streams of income online.

I don't like reading chat and I hate the fact that I need to check at the news to check for a good trading signal before I could place a trade.

This is the reason why I like affiliate marketing as it involves simple steps to start making money with the Model. it is possible to start making money in the first day you got started with affiliate marketing.

To give a straight answer to the question, the answer will be no. The forex market is not that expensive. The only thing that can make it expensive is if one goes to expensive brokers.

However, I do tell people that forex and some other similar trading platforms work as garbage in and garbage out. The more you put to them is what you are expecting to take out. For instance, there is tendency of making huge money if one puts in huge money and the market goes in one's direction.


However, a newbie should be careful while starting up a forex business, there is much tendency to get carried away with the profit and one may not close position on time in order to amass more profit which most time still lose to huge loss if care is not taken.

Forex trading is expensive with an expensive broker, one that charges high commission, withdrawal fees, etc, and offers wider spreads. On the contrary low cost brokers offer low spreads and commissions, and even offer higher leverage which is good for trading larger positions with a small capital. Here I found a list of such brokers https://trendri.com/threads/offshore-brokers-for-higher-leverage.91348 such leverage can be very useful for someone with good technical knowledge about the trading world but insufficient funds. One could even opt for swap-free accounts offered by some brokers, can help in reducing trading cost to an extent.

If you try to rely on others trading strategy and signal, then surely Forex trading will be costly! But usually it’s completely free to learn Forex! Demo is the best way to gather real life knowledge by virtual money! So, why new traders need to spend money to learn Forex? No answer indeed!

For me, Forex trading wasn’t that much expensive! Because I started my trading by opened demo, although I my initial demo trading experience was so struggling! I lost my 3 accounts within the 1week of demo trading! But gradually I improved, right now my yearly return is around 10%! Yeah of course, I’m not on that, since there have so many options to improve my trading performances!

I know a new trader personally who lost more than $4,000 in his live trading account! Actually, it was his own fault to start live trading account so quickly! His has only 1 week demo trading experience! So, for that guy, really Forex trading is so expensive!

Forex trading is expensive depending on how you do it. Experts always advice beginners to invest what they are okay with trading, so if things goes wrong, you would have something to fall back to.

Your question is not clearly stated, how do you mean expensive? expensive to start or expensive to learn?

I think Forex is not expensive to learn at all in fact you can learn forex with as low as nothing, what really matters in forex is your ability to focus and pay very much attention to learn, you can go on youtube and search for forex trading for beginners and you will see a lot of videos that will guide to learn efficiently and if you can, you can message the owner of such pages to mentor you personally, for a fee which i think is worth t especially if the said mentor has a proven track of success.

Starting forex on the other hand is where it gets tricky because a lot of beginners believes they can turn their one hundred dollar account into a thousand dollar, this is a very shallow mindset, unfortunately, forex needs a lot of cash for you to be profitable and make something worthy of being called a profit.

I will advise you after learning how to trade you should start applying for prop funds company to manage their funds, from their you can grow your account and start making money, goodluck.

On a general perspective trading of forex is usually not that expensive but on a general it is expected that you can be able to pay money either when you are learning and when you come to the visit money in order to start day trading in full .

When it comes to the learning aspects there are a lot of materials online and some youtube channels that are dedicated to teaching people how to trade the forex market for free and you can be able to utilise that . There are also some people who are not comfortable about that and they prefer to have a one-on-one training session and that is what is going to make it expensive but generally you can be able to learn about forex without having to pay for it .

Where you are really going to spend money is when you are going to deposit money in order to start trading after you must have used a demo account and you are satisfied about your skill level . A lot of Forex brokers are cheap and they can allow you to deposit a minimum of $10 but around here the minimum deposit is usually around $35 .

To be very honest, you need to invest your time here instead of investing your capital! There is no sustainable way to make money here unless you have a good trading skill; so you need to use your demo until you are very sure on your trading skill! Otherwise, Forex trading learning would be so expensive.

As far as trading costs are concerned, forex trading is less expensive than other financial markets. If you are able to find a good broker with competitive pricings you’ll have to pay meagre fees, like with turnkeyforex, I only pay $2/lot as commissions and spreads are variable but tight, many times only 0.0 pips on major pairs which I think is really cheap.

eldavis said:

Forex trading is expensive depending on how you do it. Experts always advice beginners to invest what they are okay with trading, so if things goes wrong, you would have something to fall back to.

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On the other hand, traders can start with demo! It’s completely free! Demo is the best way to learn Forex! In addition, new traders need to learn 1st before their investing! It’s absolutely impossible to make money here without proper trading knowledge!

Asahi said:

On the other hand, traders can start with demo! It’s completely free! Demo is the best way to learn Forex! In addition, new traders need to learn 1st before their investing! It’s absolutely impossible to make money here without proper trading knowledge!

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That's right, I remember when I first started, I went straight to trading with a live account, and the result I got was not a good one. Trading with a demo account first is a great way to not only gain more knowledge about forex trading, but it is also a platform where you can work on your trading strategies and improve on them as well.

It depends on your trading skills and money management. Traders should also have a sound knowledge of risk management to minimise risk. Forex trading is one of the easiest markets to enter. One can start trading with deposits as low as $5.

I don't really think so, forex trading is not really expensive if you are talking about the needed capital to started up , but it might be quite expensive if you are to talk about the learning process because for you to be able to learn and understand everything about forex to a point of generating your profit its might requires up to $200 except you are interested to learn it from your experience, then you might not likely needs any money except the money needed to start up the trading.

I will suggest that you shouldn't even make an attempt to trade when you don't really understand how to do it perfectly because that is just risky and the risks of losing your money is quite high.

You just have to follow everything perfectly and the most important thing is the learning process except you may be interested to pay for a signal .

Apart from starting it with $100 there are some broker that may gives you opportunity to start it even with as low as $50 but even with this I still don't advise an upcoming trader to attempt the live market. Demo account will help you know your trading skill .

Not always. There are plenty of low cost brokers - coinexx, paxforex, lmfx, that offer low spreads and even the commission and opening balance are low.

To be completely honest, you should invest your time rather than your money here! There is no long-term way to make money here unless you have excellent trading skills; therefore, you should practice on your demo until you are confident in your trading abilities! Otherwise, learning to trade forex would be prohibitively expensive.