Getting Started Day Trading Requires Intelligence & Capital. Learn How Much Money You Will Need To Start Day Trading
Regulations in the United States say you need $25,000 to day trade. However, there are various prop firms out there which will let you trade their capital if you put your money at risk. For example, some people who do not have $25,000 will go to a prop firm and put $10,000 in an account. The prop firm will let you trade $50,000. However, any losses incurred will come solely out of your $10,000. Generally, this is not a smart thing for a new trader as it takes time and losses to learn to day trade. The best thing to do is accumulate wealth and then inch into day trading. Never trade with capital you cannot afford to lose and always understand the risks involved in day trading. Becoming a pro day trader is doable, but it takes time and study. The best advice is to learn from the pros. Find traders that have been doing it for years and profiting, then follow them. Learn everything they tell you and mold it into your financial success. Day trading takes time, patience and discipline. If you have these, start on the road to financial freedom today.
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Written by: Gareth Soloway