How small can one trade?

Indeed it's not the size that is important, but how you use it.
:D:D:D:D:D


Quote from Thunderdog:

Just remember that it is not the size of your account that matters, but how you use it.
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Thank for the replies, I am surprisd that you guys suggested forex because I believed (without doing any real research) forex was only a place to put big money. The $50 margin was just a number I threw out to see what was possible, for now I'll stick to papertrading and saving up. (and possibly trade forex if I can really trade .10 per pip :)

Thanks
 
AshanD

The exercise in Forex, is a stepping stone. You must get into the game and I believe I gave you the best advice I knew. Perhaps you stay with Forex and step up the size, or perhaps you move on to other instruments.

But under the conditions and the parameters of this thread, it was the only advice I could give you if you have to trade live.

Trading Live should not be discounted as there is a whole "set of learning" and "coming to grips" with how you handle your emotions.

Kid, trade that Forex as if it were millions....

Michael B.
 
From their site:

On TradeSports, members can trade on the prices already offered on the exchange by other members and/or offer prices to other members. In the vast majority of our markets the prices are quoted between 0 and 100 and you can either 'buy' or 'sell' at any price in between.Each contract is traded in $10 lots. When you buy or sell a contract you are trading at a value somewhere between 0 and $10 per lot, depending on the price. The price is set by TradeSports members who decide the fair (or market) value for the contract. A price of 0 (or close to 0) would indicate a contract/event that is NOT going to occur (according to our members). A price of 100 or close to 100, would indicate that the event IS going to occur. Therefore you buy (at the price available) if you think the event will occur: if it does, the contract will settle at 100 points and therefore be worth $10. Your profit will be the difference between the price you paid and 100 when the contract expires. You can either take your profit by selling the shares at the higher value (thus taking your profit early) or you can allow the contract to expire at 100 and take all of the profit.
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This sounds like a ficticious market made up by the company. I'm probably wrong though as I'd think the SEC would have shut them down. Does anyone have an opinion on tradesports?
 
It's legit, as is their sister operation, intrade.com.

There's more info on them on Bloomberg: INTD GO.

Oh, and they're in Dublin so the SEC doesn't have jurisdiction.
 
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