Do you want to learn Intraday forex trading effectively, but you are still a newbie? It is a condition where trading positions are opened and closed on the same day.

It is very popular among both novice and experienced forex traders. However, most traders will be confused about determining the benchmark size required for the execution of buys and sells on the trading platform. 

What is the ideal start-up capital? How many lots should be ordered? Well, here are some benchmarks that can be used to learn intraday forex trading practice for beginners.

Ideal Minimum Capital is 200-500 Dollars

Many  brokers offer the opportunity to trade with super low capital, even only 1 dollar.  However, you should know that it is almost impossible to profit with such a small capital. 

If it is free capital from the broker's bonus, then it doesn't matter because it can be considered as a practice account only. But if you have jumped into real trading, then a small capital will be very inadequate. 

Some traders consider the minimum capital for profit to be 1000 dollars. It could be so, but according to some sources, in fact the threshold is about 200-500 Dollars to learn intraday forex trading. 

That amount of money is enough for a beginner. Make sure that it is suitable with your condition and budgets. Don’t forget to learn about money and risk management as well. 

Trade 0.01 Lot to Learn Intraday forex trading

No matter how much your initial capital is when you first learn intraday forex trading is, one rule that should not be denied is: open each position with a size of only 0.01 lots. Is it too small? 

Indeed, 0.01 lot is very small and it will take a long time to achieve high profits if you continue to trade at such a size. However, remember that you are just learning.

Meanwhile, the capital deposited is real money that has previously been accumulated with great effort. Do not rush for profit. Practice your patience by diving into the market using lot 0.01 first. 

This does not guarantee that your account will not be forfeited. But with this rule, your account will likely last longer and there will be more to learn intraday forex trading.

Don't Use Too Small Timeframes 

Although many traders can also profit by using 5 or 10-minute timeframes, but this is actually not suitable for beginners. It is because the movement is very fast, so you may not realize why you suddenly lose money. 

That is essential if you want to learn intraday forex trading. It would be more appropriate to practice trading on timeframes that are a bit high, but not too high.

Usually, that is between 15 Minutes, 30 Minutes, or 1H. The three timeframes allow intraday trading, but traders can also monitor market movements and conditions more closely.    

Don't Trade Too Often 

A beginner can be too excited to trade. That make them want to open a position at any time and take profits continuously. This is a passion that needs to be controlled. 

Resist your trading passion, convince yourself to open and close positions a maximum of about 3-5 times a day. Don’t forget to join a professional and legal best forex broker.

It is recommended to join Salmamarket forex broker because it already has years of experience. You are able to get accesses for all major trading instruments. 

The services and technologies used are so sophisticated, but it is still easy to use. Latest MetaTrader technology is combined with Salmamarket to create the best and comfortable services. 

Join Salmamarket broker right now to experience it’s amazing facilities. You can learn intraday forex trading properly and trade comfortably to get more profits.