How Much Money Do You Need to Start Stock Indices Day Trading?
Do not start with $10 dollars, even if your indices broker tells you that you can start with that amount, in fact do not begin trading with $100 as this amount is not enough to trade with. It is best to save and begin when you have $1,000 dollars which is the minimum amount recommended to trade with.
- If you want to begin with $1,000 dollars, open a micro stock indices trading account and only open micro lots
- If you want to begin with $50,000 dollars, open a standard stock indices trading account and only open standard lots
- If you want to begin with $100,000 dollars, open a standard stock indices trading account and open standard lots
There are 2 types of indices trading accounts that traders can open; micro and standard. For each the recommended starting capital is specified above.