How much can I make trading boom and crash when I only got 5$ in my account

[Busisiwe]

How much will I be able to make when I got like 5 usd in my deriv account trading boom and crash index

 

[JohanDM]

My advice would be only trade the higher timeframes, the 1 min and 5 min timeframe spikes will make tyou blow your account as they happen to fast for stop losses to be triggered

 

[drewski1980]

Wehat sort of RR is there with boom and crash? 5 dollars seems like a small amount to trade with long term

 

[Fin_Trader]

There is nothing to do with 5 dollars in your trading account. Any, even very small, price movement not in your direction will quickly reset this small deposit to zero. The broker where I trade has the opportunity to open an STP account from 10USD, but I think this is not enough. It is necessary to reduce risks and establish a huge leverage.

 

[skrimon]

There is nothing to do with 5 dollars in your trading account. Any, even very small, price movement not in your direction will quickly reset this small deposit to zero. The broker where I trade has the opportunity to open an STP account from 10USD, but I think this is not enough. It is necessary to reduce risks and establish a huge leverage.

Trading with such a small amount carries immense risk. While leverage can amplify profits, it also magnifies losses significantly. Starting with a larger capital base allows for proper risk management and reduces the chance of a small price movement wiping out your account. Consider paper trading or a demo account to hone your skills before risking real capital.

 

[erichnolan2]

you could possible double your account size with $5 if you catch the right spike

 

[Fin_Trader]

When trading on such a small deposit, you can forget about risk control. Here, trading even the smallest lot of 0.01 will not save the deposit from losses.

 

[Fxzombie]

It's like a beautiful dream with only 5 USD you can get big profits, but when you wake up you realize that it's just a dream, although perhaps dreams can come true if conditions are favorable, 5 USD can be traded with leverage of 1:500 on forex, to get tens of USD in profits. You must choose a pair with a strong trend with few retracement waves. If you choose a high-volatility pair, you may quickly get a margin call of only 5 USD.

 

[Fin_Trader]

When trading on such a small deposit, you have no room for error in the first place. The price should go into positive territory almost immediately after placing your order. Here, even a small price rollback can lead to the loss of your deposit. Such consistent trading results are difficult to achieve. Therefore, I do not believe in the profitability of trading on an account of just $5.