What is the minimum capital needed for forex, options and futures trading ? Free and recommended simulators ? -

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 quot;fancyquot; amount of income, several thousand/month is OK. Of course I m not looking for courses that cost hundreds or thousands of dollars... Using the Mtpredictor s technical analysis Elliot Wave Principle software, Bsmtprediction provides Forex Traders with FREE access to AUD/USD, EUR/GBP, GBP/USD, EUR/USD, NZD/USD, USD/CAD, USD/CHF, EUR/JPY, GBP/JPY amp; USD/JPY daily currency forecasts through this website. At Any Time / Any Day (we ll straight away post the signals here in real-time if there s any triggered) 1 hour, 4 hours amp; daily time frame forecasts are published on this site. The predictions are good from the moment they are published until either it reached the take profit target, hitted the stop loss or another new prediction of the same currency amp; timeframe unveils on the same / following day. Essentially, the prices shown are for an unknown period.. That s why we encourage you to subscribe our FREE Google Groups newsletter to get the latest signal updates sent to your e-mail from the very 1st minute it surfaces the net.. Check , cboe.com for tutorial investopedia.com, for simulator If you cannot afford a $999 course then DO NOT INVEST IN FOREX. What you mention is true about the minimum capital needed to invest in forex. And I agree there are also scammers out there. So I advice you to conduct a thorough research on this before you put in real money. In the meantime you can open a demo account first. You may experience a continuous flow of losses at first. Some of the advice you have received is ok but I must say you have made the first important step. Ok Now to the point you want to learn forex the best way is to join a investment club. I am in one now and we make an average return of 5.3% per month its not the 300% that some companies promote but it is a great return on a monthly basis. The club I am in you receive a weekly newsletter which explains what was traded and why so this way you could see how trades are done. Forex trading takes some time to learn as there are charts reports and your own research in economies and markets of other countries as well as the one you are in . I personally work at the forex market for 15 hours a day on average and when I make trades in the club it is conservative to avoid high risk of loss. Yes you can make more and I encourage people after a year to try a mini account while still a member of the club and see if you are on the right track. With the club you do not pay any fees all you do is invest with the club and by doing so you start to learn more about how the real world runs as in trades. The only people who say stay away from forex are the ones who tried to invest in it with out any knowledge or very basic knowledge and with such probably lost all ther money. They will make claims not to trust any one as they do not want you to be able to learn the right way because nthey did not. Books can give you some insight but every book you read will have a different method to determine how and when to trade so again I say join a investment club if you would like more information write to me at billone44@yahoo.com and I will be more than happy to help you in answering questions you may have . Stay away from Forex if you are not a very experienced investor. Actually $300 to $500 is a bit on the low side. There are two reasons for this. First, your account is not large enough to sustain any possible string of losses. Secondly, I always recommend to my clients that they trade with a margin of between 5% and 10% of their account. This would mean that you would only have between $15 and $50 actually invested in a position. What kind of profit do you think you could make with this? The good news is that there is a solution. Why don t you open a free demo account with a broker or two to get in some experience and in the mean time we can build up a little more in your investment fund. Drop me an email and let me share a couple of ideas with you. Paul pupp52@yahoo.com