What is the minimum capital needed for forex, options and futures trading ? Free and recommended simulators ?
by admin ~ August 12th, 2009 . Filed under: Investing .
Hello guys,
I’m interested in learning more about forex, options and futures trading. I heard that there are mini or micro account that can go as little as US$ 200 or 300 dollar. Is it true ?
Also, any recommendations for free forex, options and futures trading simulators ? I know that some websites provide this service but usually the virtual capital is too high (10K or up), and I want to set the initial capital to small amount like US$ 300 or 500.
If possible, is there any recommendations for courses/books ? I’m not aiming for those “fancy” amount of income, several thousand/month is OK. Of course I’m not looking for courses that cost hundreds or thousands of dollars…
Thanks for the input. I agree that it’s a bit too much to expect thousands of returns for such a small amount of capital.
But, if I expect my capital which is around 300 or 500 to be doubled by around 1-2 month. Doesn’t is sound possible ????
My plan is actually something like this :
The capital will be 300 or 500. The goal is to double the capital by around 1 - 2 mounth(s).
When I have more money, I will buy more lots…
To make it safer, every time I manage to double the previous capital, I will do one more time before I plan to use more capital to trade.
It will be something like this (US$500 capital) :
500 - 1000 - 1000 (don’t use for trading) - 2000 - 2000(don’t use for trading) - 4000 and so on …
Now the problem is to find the system that are able to do this… Any recommendations ?
I personally distrust systems that cost hundreds or thousands or dollars. There are simply too many scams…
Todd Baier
August 14th, 2009 at 8:25 pm
Stay away from Forex if you are not a very experienced investor.
August 16th, 2009 at 3:38 am
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August 26th, 2009 at 2:10 pm
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August 27th, 2009 at 6:02 am
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