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