How Much Money Do You Really Need To Start Trading?
Learning how to trade and taking the necessary steps to become an active trader is huge and overwhelming in itself… let alone trying to figure out how much money you need in your trading account in order to do so.
However, don’t let that scare you… don’t be afraid to trade simply because you don’t know the set amount of money that you need in your trading account.
There are various types of trading and depending on your goals, and you may need either a lower or higher amount of capital.
Unfortunately, there’s no secure or set rule as to how much cash you need in your account to start trading… however, the real key is being able to understand what type of securities – that’s stocks, options, calls, or even trading stocks on margin you plan to purchase.
Until next time,
Lance Ippolito
The Future of Wealth
