Quote from: lienfaye on Today at 10:31:23 PM

Quote from: jerry0 on Today at 04:55:11 PM

Is that true or false? You need a lot of money to start if you want to make enough trading for a living right?

If you're just starting you dont need to use a lot of money as capital its a very risky move since you are not knowledgeable enough to face the consequences of your action. You need to follow the process of slowly learning by experience.

Then if you already know the nature of how trading works and you're ready to risk your money and depend on your trading income for a living then its time to use a lot of capital to gain huge profit as well.

But its not going to be easy, plan and strategy are needed. Have a risk, time and stop loss management.

That's right, It's a common myth for those who really didn't try trading that you need a big amount to start trading for a living, It's better to start using a small capital for for a starting trader because that's the stage that a trader is just learning. You can't make a profit in trading even if you have any kind of amount if the knowledge you are possessing is insufficient. I'm sure that the one who spends all their money in trading before accumulating the knowledge and experience they needed will dry out in the process.