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What is the minimum amount is required to start trading?

kleinkristi
kleinkristi Posts: 2 ✭
in Beginners Questions
Hello Everyone,

This is my question, one of my friend asked me that what is the minimum amount is required for trading, I did not say anythings else because I do not know really, let me know so that I can tell her.
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  • Raiden
    Raiden Posts: 186 ✭✭
    When starting to trade live I believe you should deposit the amount you can afford to lose. So first determine what that amount will be. Then sign up with a reputable broker that will accept that amount of money to start a trading account.
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  • GinaSBOR
    GinaSBOR Posts: 6 ✭
    Well said Raiden. There are some brokers out there that will let you open account for as little as $20, and there are others that will allow $1 trades, which i recommend for beginners. Most brokers are around $250 minimum deposit. What ever you put in, as Raiden said, be prepared to lose. Anything else is a bonus.....
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