"How much money do I need to start trading" is one of the questions answered at http://www.planbtrading.com. This is a "how long is a piece of string" style of question. So this video looks at the considerations to determine the answer for your own circumstances. Using British Pounds as its example, "How much money do I need to start trading" considers your objectives, income, lump sum or both and then looks at the kind of returns that might be considered normal. "How much money do I need to start trading" quickly moves on to consider risk and how you are going to start trading, whether you take some education on board. A large pot of money and no education is unlikely to be a winning formula. At Plan B, we suggest very low or minimal risk whilst you learn the skill of trading. Do not go after high returns before you have acquired this skill. "How much money do I need to start trading" suggests the minimum amounts to consider for Forex accounts and for spread betting accounts. Whilst you can start trading with as little as £500, or even less, "How much money do I need to start trading" gives reasons why this is not such a great idea. Plan B's training courses focus on risk, trade sizing and money management, whatever the strategy. You will gain experience trading with low risk during the live trading sessions in the courses. You can find out more about our training and coaching programmes and you can book your place on a public class at http://www.planbtrading.com. Alternatively, call +44 203 603 4983 to have a chat about your trading education requirements or to discuss coaching with a trader.
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Duration: 5m 55s
Rating: 20