How much do I need to get started trading in forex? -

How much money does it take to get started trading in the forex market? There are many places online where you can get started for as little as $100. There are also places online where you need a significant sum to get started. Here is what I suggest. Find a site that offers a demo account you can try out that doesn t charge you anything to get started. A lot of the junk out there says they will give you a demo account to get started with after you buy there product. That means they want your money before they show you anything. That sets off a few alarms on my end. If the system is good and quality then you should be able to try it out without buying anything first. That is how I found the system I use now and I am very happy with the service, support and money I am making. I hope this helps with your search. It depends on which platform you choose to go with. I ve been through several, and different places have different minimum deposits. There are some proven platforms out there but others are just terrible. It would be better to start trading on a demo account first before putting up any hard earned money. Trust me, you don t want to make that mistake and find out the hard way. There is the potential to make lots of money trading forex and I wish you luck. As some one said..Do not start trading forex with your own money.. Practice your skills on a demo account. and when you have good wining rate create a paid account.. It doesnt matter how much money you start with (just dont use money you can t loose hehe) as long as you have a good money management.. Remember here you re not on a casino trying to find your lucky day.. Forex trading is a skill you can use today . next year and even 10 years to go .. so no rush... ;) But to answer your question stre8.. they are brokers that requires a min $100 deposit Entirely depending on the platform you choose, and the lot step of the platform. You must have a minimum of 1000 pips in spare margin using the lowest lot size of the platform., This is your minimum investment. Some platforms allow 1 cent per pip, which translates into a minimum investment of $10 to start off. Short Answer: As much as you re willing to lose If you ve got a house and stuff you COULD remortage it and invest hundreds of thousands of $ into forex but guess what? That would be the worst decision of your life because you ll be gambling your whole life on somethnig you can t control. My suggestion is that you check out http://www.forexfromscratch.com and download their free 5 steps ebook which tells you EXACTLY what you need to get started... and how not to lose your shirt! Depends, you can start with 500 USD, but a budget of 3K to 5K is the best to start with. Keep in mind though, that this is spending money ;-) I would normally suggest starting out with $500, but like someone else said here. You should start with a demo account to get the hang of it before you step right into trading with your own money. I think that you should start with at least a 1000 dollars.Any less than that would be a big risk without a good money managment.