FAQ How Much Money Does a Trader Need To Start Trading?

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You can start trading with £200. But no matter how much money you have you cannot earn an income from it until you've mastered it. And it is the HARDEST thing you will ever try to master. Do not underestimate that fact. I had an astounding level of arrogance when I started out.

Once you're profitable I would shoot for 10% per month. I can do that in a week / sometimes a day. But its taken 3 years, and I pissed away thousands in my first two years.
 

DavidKSawyer

Junior member
23 1
Obviously you won't win each exchange, however in the event that you win 3 out of 5, you've made yourself $125 for the day. Some days you make more, and some days you make less. So with a $5000 account you can begin to make a better than average stream of every day wage. On the off chance that you enable the record to develop to $10,000 you can make generally $250 every day.
 

NVP

Legendary member
36,148 1,760
just remember the odds and probability ratios

even with a 70-80% win rate the chances of long runs of losers are still quite high ......
 

Bormondo

Junior member
17 1
Everything depends upon how much you want to earn. More money you want to earn, more money you have to invest. But don't forget that it's forex, and you can easily lose everything)
 

Smurai

Junior member
12 0
as per my opinion one should start trading with a small capital, investing a huge capital in initial days is not a wise decision.
 
SHORT ANSWER

This question gets asked a lot and the answers posted on the forums like T2W vary from zero at one extreme, to well in excess of £50,000 at the other. Both answers could be correct – depending upon your personality, circumstances, trading strategies and objectives.

The good news
You don’t need any money at all to paper trade! Many people argue that paper trading is useless as it doesn’t take account of the thoughts, fears, palpitations in your chest and knots in your tummy that you may experience when real money is at stake. This is very true; however, if you can’t make paper money using a simulated trading platform, you almost certainly won’t make any real money on a live platform either. Paper trading is free and it is the ideal place for a newbie to start.

The even better news
Many spread betting companies will offer you a ‘golden hello’ and credit your account with £££s or match your opening deposit up to a certain limit. Hence, it’s entirely possible to start trading real money without using a single cent of your own!

But, don’t get carried away!
It’s very quick, simple and cheap for new traders to start trading the markets. The barrier to entry is so low that it’s virtually nonexistent. On the other hand, the barrier to success is very high indeed. Pipe dreams of turning a £100 opening credit courtesy of your spread betting company into a full time income are just that – a pipe dream. In theory it’s possible; in practice it just doesn’t happen. The Long Answer explores in greater depth some of the account types available and the size of account required to make a full time living from trading.

Thanks
 

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