Why would a beginner need a large account?

[murray t turtle]

No, you are right. You could invest in t- lessons.

%%
LOL That could work;
t] trade-invest books .
Take some clues from SEC, not that most would want to pay a cig tax or pay a cig tax in a hi tax state...................

 

[mohammed-boussardi]

I have been trading as an amateur for around 7 or 8 years, and in that time have done reasonably well some of the time, but have gradually lost money overall, probably around £2000 over that time, which from some of the stories on here, doesn't seem too bad.

I have never funded my account with more than £1000. Currently it is around £300 and has been for some time. I trade every day to learn how to do it better.

Time and again I see the advice not to trade unless you have a large account (£10000 + seems common).

Given that most traders, and presumably nearly all new traders, lose money, to have a large account when you start would seem to be very foolhardy.

While you will never make much money with a small account, there are enough online brokers out there who will let you invest for very small stakes while you learn how to trade competently.

My day job is trading secondhand books, which started on a shoestring but now makes a healthy income. I regularly spend thousands of pounds on buying books, because I know what I am doing. However, when I started out, it was daunting to spend £100 on a book, and I made many mistakes.

It seems to me to be the same with trading stocks/indices/forex or whatever. Until you know what you are doing, it is madness to trade in large amounts. If you ever get any good at it, use your profits to increase your trading size, and eventually you will have a large account to trade. Am I missing something here?

Hello I am a beginner to this i know i can make i've been learning programming and bot algorithmic aspect of it can you please let me know what are the things i should follow and which books you bought please for learning currently i spend more than 7 hours learning still not figuiring out a good strategy for execute some trades

 

[pozexis]

I am thinking about getting into trading and I have around 2k $. Though my experience in trading is next to 0. Is 2k a realistic amount to start trading?

 

[Blitzjoker]

I am thinking about getting into trading and I have around 2k $. Though my experience in trading is next to 0. Is 2k a realistic amount to start trading?

I'd say 2k is fine, but don't start yet. Trading successfully is hard, so you need to learn a bit about it first, and trade as small as you can to start with.

 

[Blitzjoker]

Hello I am a beginner to this i know i can make i've been learning programming and bot algorithmic aspect of it can you please let me know what are the things i should follow and which books you bought please for learning currently i spend more than 7 hours learning still not figuiring out a good strategy for execute some trades

7 Hours is not long. I have been on the same quest for 7 years.

 

[pozexis]

I'd say 2k is fine, but don't start yet. Trading successfully is hard, so you need to learn a bit about it first, and trade as small as you can to start with.

Thank you so much for your reply dude. Can you maybe put me in the right direction for beginner stuff? I have been watching couple of videos on the tube but I don't understand half of what they are saying right now =)

 

[Laissez Faire]

I am thinking about getting into trading and I have around 2k $. Though my experience in trading is next to 0. Is 2k a realistic amount to start trading?

Thank you so much for your reply dude. Can you maybe put me in the right direction for beginner stuff? I have been watching couple of videos on the tube but I don't understand half of what they are saying right now =)

The best advice you'll ever get is forget about trading and don't even try.

The chances for a retail trader on his own to make it in short-term/medium-term trading is slim at best and would require years of work unless you're some kind of trading savant (most ain't).

To make things worse, those that will give you guidance, be it here or on Youtube are most likely net losers and will only lead you further astray.

 

[pozexis]

The best advice you'll ever get is forget about trading and don't even try.

The chances for a retail trader on his own to make it in short-term/medium-term trading is slim at best and would require years of work unless you're some kind of trading savant (most ain't).

To make things worse, those that will give you guidance, be it here or on Youtube are most likely net losers and will only lead you further astray.

We all got to start somewhere =) I am willing to learn. May it take months or years. If you can guide me please do so but theres no point telling me to let it go on a trader platform =)

 

[PPC]

The best advice you'll ever get is forget about trading and don't even try.

The chances for a retail trader on his own to make it in short-term/medium-term trading is slim at best and would require years of work unless you're some kind of trading savant (most ain't).

To make things worse, those that will give you guidance, be it here or on Youtube are most likely net losers and will only lead you further astray.

@Laissez Faire
You've nailed it, this is absolutely the best piece of advice and insight I’ve read on this and other forums.

People have no idea what they’re getting themselves into !!!

 

[pozexis]

@Laissez Faire
You've nailed it, this is absolutely the best piece of advice and insight I’ve read on this and other forums.

People have no idea what they’re getting themselves into !!!

I am getting myself in an environment where I will fail over and over again until I know the ropes, may it take a year or two or ten. I am merely a beginner yes but kindly don't assume that I am diving into this blindly.