How Much Money Do I Need to Start XAUUSD?
Do not start with $10 dollars, even if your xauusd broker tells you that you can start with that amount, in fact do not start trading with $100 as it is not 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 xauusd account & only open micro lots
- If you want to begin with $50,000 dollars, open a standard xauusd account and only open standard lots
- If you want to begin with $100,000 dollars, open a standard xauusd account and open standard lots
There are 2 types of xauusd trading accounts that traders can open: micro & standard. For each recommended beginning trading capital is specified above.
