How Much Money Does a Trader Need To Start Trading?

This is a discussion on How Much Money Does a Trader Need To Start Trading? within the New to Trade2Win forums, part of the Reception category; In all fairness it needs to be at least £10,000 depending upon the Asset classes you want to trade. Some ...

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Old Jul 18, 2017, 1:58pm   #185
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In all fairness it needs to be at least £10,000 depending upon the Asset classes you want to trade. Some assets are more volatile than others eg FX pairs or Futures. The more stable ones are raw stocks but it can be hard to make consistent profit if only 1 stock is purchased at a time. For a newbie trader it is best not to try spread betting or CFDs and absolutely barge pole options. Start out with a small FX account and learn the market, eg How much does this pair move in a day on average? What fundamental factors drive it? If on the other hand you just want to make money then book up on a few courses as advertised at Expos, they will promise you the dream whilst they milk your account.
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Old Jul 18, 2017, 7:41pm   #186
 
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For me there is a strong case for starting with nothing, or as near as is humanly possible. I have thrown money at brokers in the past (trading not spreads) and it isn't even fun to see them making as much as - or more - than you do.

I'm trading a demo account on IG at the moment and I shall not put in a penny (OK, £250 minimum) until I have developed a method which I can apply consistently. Don't care if it yields 10 pips a day or 100. As I progress, profits will be retained to allow me to stake more per pip. I'm not looking to deploy adrenalin or testosterone.
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Old Jul 19, 2017, 6:23pm   #187
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Originally Posted by roughbert View Post
For me there is a strong case for starting with nothing, or as near as is humanly possible. I have thrown money at brokers in the past (trading not spreads) and it isn't even fun to see them making as much as - or more - than you do.

I'm trading a demo account on IG at the moment and I shall not put in a penny (OK, £250 minimum) until I have developed a method which I can apply consistently. Don't care if it yields 10 pips a day or 100. As I progress, profits will be retained to allow me to stake more per pip. I'm not looking to deploy adrenalin or testosterone.
Next year you will have been trading for 10 years and you are still on a DEMO? Doesn't sound like you have a strong case for anything other than wannabeism.

Last edited by Lands_end; Jul 19, 2017 at 6:23pm. Reason: add
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Old Jul 19, 2017, 8:23pm   #188
 
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Originally Posted by Lands_end View Post
Next year you will have been trading for 10 years and you are still on a DEMO? Doesn't sound like you have a strong case for anything other than wannabeism.
I'm flattered that you took the time to consider my case m8. A few things have happened during those years, but I will spare you the autobiographical detail.

Yes, I'm using a demo account before getting stuck in to spreads. How would you approach it yourself?

And you're correct, I am not new to investing.
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Old Jul 29, 2017, 2:40pm   #189
 
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10 years on a demo??? That's harsh of course. I don't understand why you didn't switch to a real, although now I don't think you should start.
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Old Aug 1, 2017, 8:25am   #190
 
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My first deposit was 500 but it was too much in the case of trading. Now I mean minimum $5000 dollar deposit is the best for forex business. You will a long time minimum 6 month trading time that increases your trading experience also If you take a good trading plan.
My Theory:
i. Keep your strategy 40% loss & 60% profit by setting up appropriate TP/SL

ii. Follow news, technical, fundamental i.e. rightly

iii. Choose the real broker

Please donít take a high risk all time, you just continuing your trading for long days. If you will lose all money a little time itís hard for you but you lose all money for more days that will give a lot of experience that not buy an exchange of anything.
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Old Aug 15, 2017, 10:31am   #191
 
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I think when start deposit first not important. They need a clearly strategy and finacial about Forex. And then we need to confirm you will trade long term or short term. I think so!!
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Old Aug 15, 2017, 3:45pm   #192
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I think that we can start with smaller depo and it's good
as I'd lost much more than I did if I invested so much at the beginning
after that of course its possible to depo 1k or more...
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