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; This is one of the most asked questions among everything else. The answer to that is you would not require ...

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Old Sep 25, 2017, 11:34am   #193
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This is one of the most asked questions among everything else. The answer to that is you would not require any money at all to paper trade. As per the opinion of many people, paper trading is useless as it does not take into consideration the thoughts, fears, palpitations in the chest which one may experience when the real money is at stake which is very true. But if you are not able to make any paper money using a simulated trading platform, you would certainly not make any real money on a live platform either. You can even start trading without using a single cent of your own because there are many spread betting companies which offers a “golden hello” and would credit your account with some amount or match your opening deposit up to a certain limit.

New traders can easily start trading in the markets because it is quite cheap, easy and simple.
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Old Nov 28, 2017, 6:12pm   #194
 
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In reality, you don't need to have a lot of money to start trading, you need knowledge. And 10$ is enough to begin trading.
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Old Dec 19, 2017, 6:28pm   #195
 
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Quote:
Originally Posted by hscot View Post
In reality, you don't need to have a lot of money to start trading, you need knowledge. And 10$ is enough to begin trading.
But is it enough to earn some real money? Even if you are the best trader, you will work for centuries to make good money from 10$
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Old Dec 21, 2017, 1:52pm   #196
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It depends on the purposes of trading. If you have an alternate source of income, then a few thousand dollars could get you started.
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Old Feb 7, 2018, 9:17pm   #197
 
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In my opinion, a trader doesn't need a lot of money because he/she doesn't know how to manage them. It's better to practice a the beginning and then the trader will know the amount of money necessary for trading.
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Thanks! The following members like this post: Kaeso
Old Feb 9, 2018, 2:19pm   #198
 
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What I like about the Forex is that the price of entrance is relatively low. With good brokers, analytics and trading signals at hand you can earn some money and cope with some losses (alas, they are inevitable). But of course to make large profits you should run substantial risks...
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