How Much Money Do You Need to Start Stock Indices Day Trading?
Do not begin with $10 dollars, even if your indices broker tells you that you can start with that amount, in fact don't begin trading with $100 because this amount is not enough to trade with. It's best to save & begin when you have $1,000 dollars which is the minimum amount recommended to trade with.
- If you want to start with $1,000 dollars, open a micro stock indices trading account and only open micro lots
- If you want to start with $50,000 dollars, open a standard stock indices account & 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 & standard. For each recommended beginning trading capital is specified above.
