We know that most traders lose there first trading account in a short period of
time because they do not have the trading skills to make and keep the money.
They just don't know how to trade. There is a learning curve.
We approach the opening of your first trading account differently than others.
A. Open an account with $1000 to $1500. This way if you lose it you will not
have lost everything. You will also be able to earn the money to replace the
original investment if you do lose it.
We also suggest that a new trader develops trading skills then trades with
real money.
Once you have trading skills then start out by taking small trades to get the
confidence to go along with your newly developed trading skills.
B. When it's time to start making money and you have a good win/loss ratio
you may increase the amount of money in your trading account. This is the
time to make sure you are not under capitalize.
There is no set amount to put into your trading account when you want to
start making money. You will want to bring the account up to between $10,000
and $20,000 as soon as you can. This way you will have enough money to
actually make a living and not miss out on many trading opportunities.
NEVER borrow money to trade with. You should already have the money, or
earn the money, or sell something to get the money.
We suggest that you keep putting money into your account until there is enough
to earn what you need to make a full time living.
Summary:Â Start out small, then increase your investment capital until you can
make a full time living.