Friday, October 14, 2011

How much money do I need to start trading?

Depending on the amount your broker requires for margin, you can start trading with an amount as low as $500. Remember that starting out with low trading capital may put you at disadvantage because you will only be able to trade forex in small share lot sizes.
Howerver, don't wait until you have hundreds of thousands of dollars. First, trade a demo account or two (or three) until you are comfortable with the platform and can show at least some signs of being profitable. Then open an account with a broker that lets you trade microlots or nanolots. This will let you get live trading experience with less than $500 at risk.

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