Account size to trade full time?

[Talar]

It totally depends on you and your self-confidence. I would start trading seriously from $10000 on my account. I think this sum is opimal one: not too huge to waste and not too small to earn nothing pulling much effort to it.

 

[RahmanSL]

What account size do you consider appropriate to be a full time trader on?

Obviously personal factors influence the monthly income you would need, but beyond that what size cushion would you give yourself for the leaner periods in trading?

In case you have not come across this:

Boy, 16, turns £150 into £60,000 after teaching himself how to be a trader​

Boy, 16, turns £150 into £60,000 after teaching himself how to be a trader

Edward Ricketts, 16, says he learned his tips from Youtube.

metro.co.uk

Other good reading and educational articles:
I used my own money to test out these trading mentors. Here is what I found.

I used my own money to test out these trading mentors. Here is what I found.

Shortcut your learning without getting ripped off…

medium.com

The 17 Best Forex Trading Courses

8 Best Online Forex Trading Courses of 2024

Want to learn more about online forex trading and investing in 2024? Here's a list of 8 of the best professional online courses and classes to help you out.

www.wikijob.co.uk

How Much Money Can You Make from Forex Trading?

How Much Money Can You Make from Forex Trading?

The cold hard truth — how much money can you make from forex trading? (It's not what you think)

www.tradingwithrayner.com

Course - Introduction to Forex Trading

Course - Introduction to Forex Trading

In our first course, you will be introduced to the world of Forex trading. You will learn what Forex trading is all about, why someone chooses to trade Forex, a...

www.onlinestudies.com

 

[sarah2701]

It totally depends on you and your goals. If you have done good trading practice and are confident enough then you can start trading with any amount but still I will suggest go for the minimum amount first, for live trading.

 

[Mums Trading Forex]

In case you have not come across this:

Boy, 16, turns £150 into £60,000 after teaching himself how to be a trader​

Boy, 16, turns £150 into £60,000 after teaching himself how to be a trader

Edward Ricketts, 16, says he learned his tips from Youtube.

metro.co.uk

Other good reading and educational articles:
I used my own money to test out these trading mentors. Here is what I found.

I used my own money to test out these trading mentors. Here is what I found.

Shortcut your learning without getting ripped off…

medium.com

The 17 Best Forex Trading Courses

8 Best Online Forex Trading Courses of 2024

Want to learn more about online forex trading and investing in 2024? Here's a list of 8 of the best professional online courses and classes to help you out.

www.wikijob.co.uk

How Much Money Can You Make from Forex Trading?

How Much Money Can You Make from Forex Trading?

The cold hard truth — how much money can you make from forex trading? (It's not what you think)

www.tradingwithrayner.com

Course - Introduction to Forex Trading

Course - Introduction to Forex Trading

In our first course, you will be introduced to the world of Forex trading. You will learn what Forex trading is all about, why someone chooses to trade Forex, a...

www.onlinestudies.com

Thank you very much, will get reading!

 

[Mums Trading Forex]

Hi All,

I have received an interesting email from one of FPA "Special Consultant to the FPA", Andrew Mitchem, which I believe will be most helpful to beginner Traders and Wannabe Traders.

How To Trade Forex With a Small Account with FX Coach Andrew Mitchem

https://theforextradingcoach.com - Episode #362: How To Trade Forex With a Small Account with FX Coach Andrew MitchemThe 30 Minute Trader TripWatch how Andre...

theforextradingcoach.ontraport.net

In his video, Andrew explain how beginner and even seasoned Traders can make money without having a very large trading account. I will not reveal exactly what Andrew said in his video, but strongly urged those who want to become a full time Forex Trader to go watch and listen to Andrew's advice.

For those who are unfamiliar with who Andrew Mitchem is, do check out and read his story here at the FPA.

To your pips and being a full time successful Forex Trader!

Thank you for sharing

 

[bigdolly]

My working capital is 3000 USD, I use 1:50 leverage and trade with 0.1 lot. It is important that your account equity can weather a streak of losses like 5-10 losses in a row and this loss should not exceed 20-30% of your equity if you want to feel comfortable after such an adverse event happens

 

[Mums Trading Forex]

My working capital is 3000 USD, I use 1:50 leverage and trade with 0.1 lot. It is important that your account equity can weather a streak of losses like 5-10 losses in a row and this loss should not exceed 20-30% of your equity if you want to feel comfortable after such an adverse event happens

Thank you, this is really good breakdown and advice

 

[ZzzzzzZ]

Ima think you shouldn't trade on fulltrade cauze you don't even know how much account size you need for it. Think about it...

 

[Mums Trading Forex]

Ima think you shouldn't trade on fulltrade cauze you don't even know how much account size you need for it. Think about it...

Not helpful, the forum is here to ask questions and gain advice from others.
You can already see from the numerous answers that opinion varies greatly, so it is valuable to learn and understand from others, and deduce what works best for you.

 

[holycow]

Ima think you shouldn't trade on fulltrade cauze you don't even know how much account size you need for it. Think about it...

Just trade micro or mini lots in the start and keep on repeating untill you know whats going on..