Everyone knows that, but how much does one need to get started in Forex trading? The answer largely depends on how you are going to approach your new start-up business.

1. HOW MUCH TRADING CAPITAL DO
YOU NEED FOR FOREX TRADING
Reference:
https://www.platinumtradingacademy.com/

2. INDEX
1. How Much Trading Capital Do You Need For
Forex Trading
2. First
3. Second
4. Finally

3. HOW MUCH TRADING CAPITAL DO YOU NEED
FOR FOREX TRADING
 It takes money to make money.
 You need Trading Capital.
 Everyone knows that, but how much does one need
to get started in Forex trading? The answer largely
depends on how you are going to approach your
new start-up business.

4. FIRST
 Consider how you are going to be educated.
 There are many different approaches to learning
how to trade: classes, mentors, on your own, or any
combination of the three.
 While there are many classes and mentors out
there willing to teach Forex trading, most will
charge a fee.

5.  The benefit of this route is that a well taught class
or great mentor can significantly shorten your
learning curve and get you on your way to
profitability in a much shorter amount of time in
comparison to doing it all by yourself.

6.  The downside is the upfront cost for these
programs, which can range from a few hundred to a
few thousand dollars; depending on which program
you go with.
 For many of those new to trading, the resources
(money) required to purchase these programs are
not available.

7.  For those of you unable or unwilling to pony up the
cash for education, the good news is that most of
the information you need to get started can be
found for FREE on the Internet through forums,
brokers, articles and some websites.
 As long as you are disciplined and laser focused on
learning the markets, your chances of success
increase exponentially.
 You have to be a gung-ho student, if not you will
end up in the poor house.

8. SECOND
 Second is your approach to the markets going to
require special tools such as news feeds or charting
software? As a technical Forex trader, most of the
charting packages that come with your broker’s
trading platform are sufficient (and some are
actually quite good).
 For those who need special indicators or better
functionality, higher end charting software can start
at around $100 a month.

9.  Maybe you are a Fundamental trader and you need
the news the millisecond it is released.
 Well, instantaneous and accurate news feeds can
run to a few thousand dollars per month.
 Again, you can get complimentary news feed from
your Forex broker, but for some, that extra second
or two can be the difference between a profitable or
unprofitable trade.

10. FINALLY
 You need money/capital/funds to trade.
 Retail Forex brokers offer minimum account
deposits as low as $25, but that doesn’t mean you
should enter immediately.
 This is a capitalization mistake, which often leads to
failure.
 Loses are part of trading, and you need to have
enough capital to weather losses.

11.  So how much trading capital do you need?
 Ideally, more than $50,000, but lets be honest it
really depends on what type of trader you are and
how often you will be looking at the computer plus
how much can you afford to lose?
 Below are the gross income data and other
supporting data generated by the PREMIUM
SERVICE in 2016.

12. PREMIUM SERVICE 2016
PREMIUM SERVICE 2016
 2016 completed TOTAL TRADES = 7071
MICRO LOT TRADING
 Single-Lot trades cost $0.10 cents each
 512 trades cost to trade $51.20 income generated
$1,120.90.

13. MINI LOT TRADING
 Single-Lot trades cost $1.00 each
 512 trades cost to trade $512.00 income generated
$11,209.00
STANDARD LOT TRADING
 Single-Lot trades cost $10.00 each
 512 trades cost to trade $5,120.00 income
generated $112,100.00

14. From my perspective in 2017 the monies required to
operate:
 MICRO LOT ACCOUNT you need up to $5,000.00
 MINI LOT ACCOUNT from a minimum of $5,000.00 to
$20,000.00
 STANDARD LOT ACCOUNT above $20,000.00
 It is common knowledge that most businesses fail due to
under capitalization, which is especially true in the Forex
trading business.

15.  I know that many people will say a minimum of
$50,000.00 is required, but in the real world this is
simply NOT always feasible as not everybody has
access to that amount of money.
 I have proven that with single-lot trading you can
make money from Forex Trading with smaller
balances using trade disciplines.

16. THANK YOU