Quote from Bond-Speculator:
I thought i remember reading somewhere that she recommends traders to have at least $200,000 when they first start out. After reading that, I never did take her seriously...
Straight from LBRGROUP website:
What size account is appropriate to trade?
It is up to each individual to assess his or her overall risk profile and to know his or her individual net worth before determining proper account size. Always consult your broker for their requirements as well. Our service is for educational purposes and can provide a valuable learning forum regardless of your account size. However, as a general guideline, it is possible to trade the SP e-mini contract with as little as $5,000. It is advisable to have a minimum account size of $25,000 before trading the full sized SP futures contract. We feel that keeping leverage low is the key to good money management. A trading account should only be funded with risk capital, and not capital used for living expenses (i.e., rent, food, etc.).