Hey, it's Anmol here from live traders. Today I want to answer a question that I often get, which is "How much money do I need to start trading?"
If you want to trade currencies, you can start with as low as $500.
If you want to trade stocks and hold them for a few days to few weeks, same thing there, you can start with as low as $500.
If you want to day trade, which is get in and out of stocks every single day actively, the US regulations require you to have at least
$25,000 to classify as a pattern day trader. However, that's only for you in the US.
If you're outside the US, you don't have those regulations, which means you can start with any amount.
My recommendation is more capital, the better it is.
Same thing with trading, the more capital you have the better chance you're going to have to make it in the career. However, if you want to just get started, you can start with as low as $500. In fact, many of our members at livetraders.com started with a low amount such as $500 and then they work their way up. If you want to learn more about trading, visit livetraders.com and get started right now.
Question: How much money do I need to start trading??