We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bearish
USD/JPY
Bullish
Gold
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Bitcoin
Mixed
More View more
Real Time News
  • $EURUSD Daily Pivot Points: S3: 1.0966 S2: 1.1041 S1: 1.1085 R1: 1.116 R2: 1.119 R3: 1.1264 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • The British Pound’s relief rally may still have some room to run: volatility in the $GBP has dropped back to levels typically associated with periods of ‘positive developments’ in the #Brexit process. Get your market update from @CVecchioFX here:https://t.co/uzXRd8y4ck https://t.co/Nxf6opYgLd
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 1.31% 🇨🇦CAD: 0.12% 🇨🇭CHF: 0.09% 🇪🇺EUR: -0.09% 🇳🇿NZD: -0.11% 🇦🇺AUD: -0.48% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/z0x9cPG1TN
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Gold: 0.40% Silver: 0.09% Oil - US Crude: -0.47% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/fpuNos9jTO
  • RT @bbands: Most crypto currencies are at or near Bollinger Band Squeeze levels. Time to pay attention.
  • Spot FX Update: $EUR 1.1119 $JPY 109.3505 $GBP 1.3337 $CAD 1.3182 $CHF 0.9842
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 98.07%, while traders in France 40 are at opposite extremes with 78.85%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/rBitc06izt
  • Stocks in the #Dow Jones and S&P 500 are soaring alongside the Chinese Yuan as Beijing confirms trade negotiators have reached a partial deal in text with Washington. Get your market update from @RichDvorakFX here: https://t.co/v8Dy0Es2MY https://t.co/1f6xgxkXK0
  • Poll: Looking ahead to these final weeks of 2019, has the announced US-China phase 1 'deal' and UK election laying a clearer path for Brexit set global markets back on a course for sustained risk appetite (continued S&P 500 climb)?
  • @DailyFXTeam Something to note here is that PM Trudeau has pledged middle-class tax cuts (fiscal stimulus) which could dent #BoC easing bets. If his minority government can get it through, could offer a relief rally for #CAD as my majors-based index failed to breach support from 2018 $USDCAD https://t.co/oU1rEa67Wi
Trading Forex for a Living: Q&A with Trader Joel Kruger | Podcast

Trading Forex for a Living: Q&A with Trader Joel Kruger | Podcast

Share:

Talking points on this podcast:

  • Why trade forex instead of stocks?
  • How much money do you need to trade forex?
  • How do you use leverage when trading currency pairs?

This time on Trading Global Markets Decoded, our host Martin Essex is joined by Joel Kruger, an experienced currency trader, analyst, and private consultant to high net-worth clients. On the agenda this time: the ideal forex account size, the benefits of choosing forex over stocks, and how to use leverage when trading currency pairs. You can listen to this podcast with Joel Krugerby clicking on the link above or one of the alternative platforms listed below.

Why trade forex instead of stocks?

The question of why to choose forex vs stocks is a common one. So why are currencies so appealing to trade? “When I look at a market, the things that are most attractive [are if the] market is scalable, has tremendous volume and is deeply liquid. That gives you many options. Being the largest market in the world [the forex market] is to me a no-brainer.”

How much money do you need to trade forex?

Another common question is how much money do you need to trade forex; is it necessary to have thousands of dollars in your account? “Absolutely not,” says Joel. “[Even if] you’re going to be trading a $100 account, and you’ll be taking positions and trading at 2x or 3x leverage, or unleveraged if you can… the percentages are the equalizer and what you need to be focused on.”

Joel Kruger, currency trader

Joel adds that, if at the end of a year you have profitable results with your $100 account, it doesn’t matter if you’re trading with a $10,000 or a $100,000 account. “[To just focus on percentages], you will have the confidence to raise more, or borrow more,” he says.

Follow Joel on Twitter for more insight

If you’re looking for one-on-one help or money management advice from Joel you can send a direct message to him on Twitter @joelkruger.

Click on the channels below to listen to the podcast in full.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.