How much money do you need to start day trading?

How much money do you need to start day trading?

#AskMarcello – use the hashtag and ask me anything! I try to answer all the different questions you have about trading, traders, day trading and any other topics you might be curious to know more about!

In this video we talk about how much money you do need to start trading.

No one wants to lose money when they start trading and that’s normal. There are many different markets and some are more risky than others.

There are some markets that are better for beginners than others and some that are more manipulated than others.

To answer the question about how much money you need to start day trading, you’ll need a computer to start with. It does not have to be the best and most expensive computer but something that works well. Just make sure it has some memory, enough and that you have internet that works well and fast.

So internet and a computer are obviously the minimum required to start trading. You will need an account on a platform when you start practicing. This will depend on the market you’re trading in. Most platforms offer free demos, that does not cost anything.

I do recommend to trade futures as a beginner as it is the market that is the least manipulated and that gives you the most control. You don’t have to trade with such big sums as with some other platforms and markets. I don’t think Forex is for beginners, although you can earn money on that market, those who earn money are generally the professional and big players in the market.

You can technically learn to trade for free, with the exception of the computer, internet and the platform that you will have to provide for yourself. There is a lot of information available online, it will take more time than to learn through a course, but you can learn on your own.

Don’t forget to comment below if you have any questions for me, I always try to answer all your question. My aim is always to be transparent with you and I always try to share as much as possible for you to understand the reality of the trading world and of a trader’s life.

Start your free trading course on our website and download your Trading Guide:
https://daytradingacademy.com

Subscribe on YouTube:
https://www.youtube.com/user/DayTradingAcademy

Follow us on instagram:
https://www.instagram.com/daytradingacademy

Follow us on Facebook:
https://www.facebook.com/DayTradingAcademy/

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

How much money do you need to start day trading?

Comments

FXPhysics says:

In equity, you need as much as the maximum drawdown of your trading system plus two sigmas divided by % acceptable drawdown times dollar point value. If you don’t know what that is, then you don’t need equity, you need to take math classes.

jeanine davis says:

I’m sure this a frequently asked question. You are fine lol

 Write a comment

*

Do you like our videos?
Do you want to see more like that?

Please click below to support us on Facebook!