This is a question that arises ALL the time. And much of the time it’s asked with a tunnel visioned focus on just one thing – and that’s how much to put into the account. That’s the backwards way of looking to go live with SystemTraderFX.

Before you feel that I’m talking in circles here, let me be clear that it isn’t JUST the amount you deposit that matters. SystemTraderFX has imposed a minimum account size of $5000 – with the trader in mind.

So when you open an account what should you think about?

PORTFOLIO STRATEGIES
- What kind of strategies (and how many) are going to make up your portfolio? More specifically, what currency pairs? Are you focused on one particular pair, or do you have a balance of different pairs?

MONEY MANGEMENT
- What is the leverage of your portfolio? (You can easily find this under the Portfolio tab in your account). How many contracts (lots) does each strategy in your portfolio enter each time a trade is executed? Which money management option are you using and what are you risking or willing to risk?

DEPOSIT
- After considering the above points, NOW you’re better able to know how much you ought to deposit to start with.

So whether it’s $5,000, or $10,000, or $25,000 or more, always have an idea of WHAT your goals are. Just because it’s automated, doesn’t mean that you shouldn’t pay attention.