Transitioning from Binaries to Spot

#1

I have a couple questions regarding transitioning from binaries to spot trading. First, what is the absolutely minimum amount of money I should have in my spot account to trade the trend catcher method? Second, can anyone recommend a good broker for both futures and forex that uses the NinjaTrader platform?

#2

You need ideally a minimum of 3x max drawdown + margin.

The NinjaTrader Brokerage offers both futures and forex

#3

Also check out the S2 Steward section for multiple posts and videos regarding risk / money management and the 5% rule

#4

For spot fx you need 2k to open a forex account at fxcm or ntb. You can make pips worth .10 or more like 1000 for .10 or 10000 for 1.00 or 100,000 for $10 a pip or any 1k combo. Expect a loss of up to 35 pips usually less if using 12 tick bars.