How much is it needed to start up trading with?

[UsmanAmoyo]

I was wondering, how much it take for me to startup trading?
What is the minimum amount needed in order to start a trading journey as a beginner trader?
I need your recommendations please

 

[Genie011]

I would always emphasize especially to beginners that going with a little capital is like going to a battle with a single bullet against the enemy with a loaded machine gun and expecting to win the battle.
It is advisable to startup trading with at least $100 for training .
But ideally it is not below $25,000 .
You can leverage on propfirms

 

[Ronald]

I was wondering, how much it take for me to startup trading?
What is the minimum amount needed in order to start a trading journey as a beginner trader?
I need your recommendations please

The minimum amount needed to start forex trading is $100 because that is a reasonable amount of money that can safeguard you against total losses of money which could demotivate the trader from trading

 

[Sotherefore]

Mostly depends on platforms , some platforms gives opportunity for people to trade with low capital investment. Trading with a very low capital is not encourage as you may likely lose all the money.

 

[Ofonime6]

To start up trading what you need is to chose a good and reliable broker the money is not really the issue so I think anyone can start trading with any amount of money some broker do have minimum deposit let say $5

 

[Chibson]

I think starting with about $50 as a beginner is actually not bad but it depends on your financial capability. Some brokers even give people with lower capital like $10 to get started.

 

[UsmanAmoyo]

The minimum amount needed to start forex trading is $100 because that is a reasonable amount of money that can safeguard you against total losses of money which could demotivate the trader from trading

Indeed $100 is a little bit tiny to start up with. This is because you can't get anything significant if you are applying proper risk management .
It would be better to use $50 to get my forex fund's $5000 challenge account.
That way you would gain something from it.

 

[Syldan]

No one can specify any amount of money that will be good to start up trading with. but you can with any amount of money depending on your financial status and readiness to be successful in the business.

 

[Ronald]

Indeed $100 is a little bit tiny to start up with. This is because you can't get anything significant if you are applying proper risk management .
It would be better to use $50 to get my forex fund's $5000 challenge account.
That way you would gain something from it.

This is true but I don’t think forex should be a get-rich-quick scheme for traders to begin with so I think $100 is a safe investment.

This claim you have said is better is really interesting. Could you please elaborate on how you gain this money in your account?

 

[UsmanAmoyo]

This is true but I don’t think forex should be a get-rich-quick scheme for traders to begin with so I think $100 is a safe investment.

This claim you have said is better is really interesting. Could you please elaborate on how you gain this money in your account?

Its very simple, there are firms we call Propfirm (they are like brokers but they are not brokers)
They offer traders the uppourtunity to trade with large funds (from $10k up to $500k) under some solid set of rules so that after profiting you split the profits with them. Usually the profit split is from 75(you) /25(them) up to 90/10.
But like I said, you must be able to trade under a solid set of rules (5% daily loss limit and 10% overall limit ) if you break any of these rules they collect back there account.
You can buy a $5k for just $50

 

[Ronald]

Its very simple, there are firms we call Propfirm (they are like brokers but they are not brokers)
They offer traders the uppourtunity to trade with large funds (from $10k up to $500k) under some solid set of rules so that after profiting you split the profits with them. Usually the profit split is from 75(you) /25(them) up to 90/10.
But like I said, you must be able to trade under a solid set of rules (5% daily loss limit and 10% overall limit ) if you break any of these rules they collect back there account.
You can buy a $5k for just $50

Wow, this sounds really interesting. Forex trading is an online investment that I wanted to explore and I think this system and this scheme that has been explained would be a great place to start in order to propel me to financial freedom

 

[Genie011]

Mostly depends on platforms , some platforms gives opportunity for people to trade with low capital investment. Trading with a very low capital is not encourage as you may likely lose all the money.

I always discouraged beginners that go with that flipping mindset.
It dose not end well for them usually, this is because of the effect it has on their psychology.

 

[UsmanAmoyo]

Wow, this sounds really interesting. Forex trading is an online investment that I wanted to explore and I think this system and this scheme that has been explained would be a great place to start in order to propel me to financial freedom

This has made millionaires and billionaires in forex trading.
Alot of good traders do fail because they lack sufficient capital to trade with proper risk management.

 

[Floura]

The truth is if you have a small trading account, theirs a high chances of you blowing it, that's why you are expected to have a good amount of money to trade with.

 

[ghxstvecna]

I think it must started trading right away and can begin with $100. For a little more flexibility, $500 can lead to slightly more income or returns. However, $5,000 might be best.

 

[Ronald]

This has made millionaires and billionaires in forex trading.
Alot of good traders do fail because they lack sufficient capital to trade with proper risk management.

This is very correct. There is a need to possess a reasonable amount of capital in order to reap the full fruits of a venture like forex trading. In addition to knowledge of the investment, capital is a very important factor in forex trading

 

[Syldan]

Based on my though, trading at into categories either online or offline and maybe forex trading, crypto trading all differs. but I believe there is no specific amount of money fixed to start anything online.

 

[Ofonime6]

Seriously and frankly speaking this depend on broker I think some brokers accept as low as $1 deposit but this will need to happen in micro account,so I think that the demo account is where you need to start from first but seriously you can start with $1 or lets say $5

 

[UsmanAmoyo]

This is very correct. There is a need to possess a reasonable amount of capital in order to reap the full fruits of a venture like forex trading. In addition to knowledge of the investment, capital is a very important factor in forex trading.

The truth is most traders don't have the sufficient capitals and the bitter part is that most of them know that there's oppourtunities to leverage on big firms .
The story is gradually changing though.

 

[Syldan]

The clear truth is that most of the traders start with nothing less than $1 that's to say there is no less amount or specific amount to start up with. you can based on your status.