Day Trading Requirements – How much money do I need to start?

Day Trading Requirements – How much money do I need to start?

If you have ever wondered what the requirements were to start trading then you have come to the right place. We wanted to do this video since many people were asking us exactly about the day trading requirements and how much money do I need to start.

The first thing that you need to think about is a strategy to trade with. The important to understand here is that you can learn on your own. You don’t need to pay $10,000 for education you can learn 100% on your own. The only thing to understand is that there is a lot of information online that isn’t reliable.

So it will take you more time to go through the information and decide what is the good and information and what isn’t.

Strategies can cost anywhere from a $5 book or a $10,000 personal one on one training program. Keep in mind that this is one of the key day trading requirements.

After your strategy we need to find a good trading platform. This also depends on the markets that a trader will be operating in. While there are some free trading platforms one thing to understand is that there isn’t anything in life that is free. Many times a free trading platform will include higher commissions and fees for withdrawing money, among others.

The key to finding a good platform is make sure that you can pay for a lifetime license instead of paying monthly. There are still a lot of trading platforms that want to charge monthly fees which isn’t necessary.

Continuing with our day trading requirements and how much money do I need to start trading…. a reliable internet connection will be key. Internet does not need to be high speed, the minimum required is 1 MB dowbload and .50 upload. A speedtest can be done at http://speakeasy.net

One may also look for a 4g mobile broadband connection.

The next thing to consider is going to be a computer. A laptop would be recommended. A top notch $5,000 computer is not necessary. Most laptops and even computers have enough advanced tech and will be more than sufficient to start your endeavor trading. A $500 refurbished computer is more than enough. Standard processing power, HD space, and a 17inch is sufficient.

When thinking about the day trading requirements and How much money do I need to start these are the most important things to consider.

Get the free day trading guide at: http://bit.ly/dtatrade

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Also learn how we day trading and traveling around the world for the last six years at http://wanderingtrader.com. Our WanderingTrader sister site.

Comments

ConradJupiter77 says:

why do you need 8gigs of ram to trade on a laptop?

forhad karim says:

For someone reason I don’t believe this guy

D H says:

Thanks!

Rich Pasquin says:

Not another scammer;we need a computer! Are you sure of that. Give me a break and get a real job.

0x02 says:

how come you guys don’t take advantage of YouTube’s ads.. start growing your channel! unless theirs a reason not too

Trader Trader says:

Excuse me, Your name is Marcello right? and at the end of the video you said “Ciao”. Now i am italian, so are you italian also?!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Vahagn melikyan says:

lol that’s about it. nice office at the beach with beer and hit the jackpot

Anthony Last says:

Hey guys don’t be fooled by anyone forex trading is a scam

Gabriel Lingan says:

Can I use my Macbook for trading?

Mario Hennenberger says:

You forgot to mention the 25-50k you will need in order to live off the trading

antelope melancholy says:

is it difficult to *day* trade as a vampire?

Noor Noor says:

Thank you very much my dear friend this was very helpful

Karno says:

Excellent video, exactly what I was looking for. Thank you. Can you recommend a good brokerage acct to get started trading? Also, you recommended ninjatrader as a platform but I have a Mac and it seems ninja trader is not supported on a Mac. Do you have a runner-up platform suggestion?

bob dole says:

Can’t understand why anyone would daytrade anything other then futures. SMALL commissions in and out, no requirements to daytrade almost 24/6 daytrading hours and next to no margin intraday

Anderson Pozzebon says:

Can I Day Trade E-mini S&P 500 in Brazil? Didn’t find any information about it here

johny Aragon says:

how much is your trading school ?

Modelo says:

lmao this guy the majority of his money from the idiots that pay him to “learn” to daytrade… the market is simply a place to buy stock or sell it nothing more or less… there are no trends you cant predict when hedge funds will sell all their shares and plummit prices for that day!!

Jhugz says:

So I don’t need $25,000?

james ark says:

Can I use, my smartphone only…..? I’m broke

Hugh Royd says:

all this pictures are fake haaha idiot !!!

Lucero Barina says:

Cartagena and seminar in beautiful places…great

Rdomenico86 says:

Forget spending $1000 on Ninja Trader, Trading View is every bit as good, if not better and costs nothing!

TGATES33 says:

Finally decided to take the next steps to start day trading. will checkout your online course. Do you also have a classroom course?

caveymoley says:

How does one go about trading outside of “opening hours”?
Would I need several platforms, one for the states, one for china, one for london etc have them all connected to the same cash account and then trade around the opening and closing of each time zone?

I just don’t get how only being able to access stocks and trading for 6 hours but then not knowing what is happening to them for the next 18 hours, allowing them to be subject to other counties fluctuations, and then coming back the next trading days open at drastically different prices than where they left off at at “yesterdays” closing, is remotely safe.

Valiant A says:

What if you have a job, how do you day trade then?

MrCharrrles says:

you also need a ponytail

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