How Much Money Do You Need to Start Commodities Day Trading?
Do not start with $10 dollars, even if your commodities broker tells you that you can begin with that amount, in fact don't begin trading with $100 because this amount isn't enough to trade with. It is best to save and begin when you have $1,000 dollars which is the minimum amount recommended to trade with.
- If you want to start with $1,000 dollars, open a micro commodities account & only open micro lots
- If you want to begin with $50,000 dollars, open a standard commodities trading account & only open standard lots
- If you want to start with $100,000 dollars, open a standard commodities account & open standard lots
There are 2 types of commodity trading accounts that traders can open: micro and standard. For each the recommended starting capital is specified above.
