Post
Topic
Board Beginners & Help
Re: Wanna be a trader
by
HabBear
on 26/05/2018, 04:46:37 UTC
Guys I want to be a trader and as a newbie I want first to know if "how much do i need to start in trading?" can you guys share any of your experience?

I'd start with $1000. You don't want to have to go all in with each trade. Starting with a $1000 purse allows you to make $250 or $500 trades and keep the remainder on the side lines to double down if the market starts to get away from you OR to serve as a reserve in case your initial trade gets blown up.

If you're going to constantly make profit then you could even start with as low as $10 and end up with hundreds and thousands in no time.

This is totally false. You'll spend more in transaction fees than the $10 you're trying to trade.