What is the minimum capital needed for forex, options and futures trading ? Free and recommended simulators ?

Question

Hello guys,

I'm interested in learning more about forex, options and futures trading. I heard that there are mini or micro account that can go as little as US$ 200 or 300 dollar. Is it true ?


Also, any recommendations for free forex, options and futures trading simulators ? I know that some websites provide this service but usually the virtual capital is too high (10K or up), and I want to set the initial capital to small amount like US$ 300 or 500.


If possible, is there any recommendations for courses/books ? I'm not aiming for those "fancy" amount of income, several thousand/month is OK. Of course I'm not looking for courses that cost hundreds or thousands of dollars...

Thanks for the input. I agree that it's a bit too much to expect thousands of returns for such a small amount of capital.

But, if I expect my capital which is around 300 or 500 to be doubled by around 1-2 month. Doesn't is sound possible ????

My plan is actually something like this :
The capital will be 300 or 500. The goal is to double the capital by around 1 - 2 mounth(s).
When I have more money, I will buy more lots...

To make it safer, every time I manage to double the previous capital, I will do one more time before I plan to use more capital to trade.

It will be something like this (US$500 capital) :
500 - 1000 - 1000 (don't use for trading) - 2000 - 2000(don't use for trading) - 4000 and so on ...

Now the problem is to find the system that are able to do this... Any recommendations ?

I personally distrust systems that cost hundreds or thousands or dollars. There are simply too many scams...

Answer 1

Some of the advice you have received is ok but I must say you have made the first important step. Ok Now to the point you want to learn forex the best way is to join a investment club. I am in one now and we make an average return of 5.3% per month its not the 300% that some companies promote but it is a great return on a monthly basis. The club I am in you receive a weekly newsletter which explains what was traded and why so this way you could see how trades are done.

Forex trading takes some time to learn as there are charts reports and your own research in economies and markets of other countries as well as the one you are in .

I personally work at the forex market for 15 hours a day on average and when I make trades in the club it is conservative to avoid high risk of loss. Yes you can make more and I encourage people after a year to try a mini account while still a member of the club and see if you are on the right track.

With the club you do not pay any fees all you do is invest with the club and by doing so you start to learn more about how the real world runs as in trades.

The only people who say stay away from forex are the ones who tried to invest in it with out any knowledge or very basic knowledge and with such probably lost all ther money. They will make claims not to trust any one as they do not want you to be able to learn the right way because nthey did not.

Books can give you some insight but every book you read will have a different method to determine how and when to trade so again I say join a investment club if you would like more information write to me at [e-mail] and I will be more than happy to help you in answering questions you may have
.

Answer 2

1

Answer 3

minimum capital needed forex options futures trading free recommended simulators

Answer 4

What you mention is true about the minimum capital needed to invest in forex. And I agree there are also scammers out there. So I advice you to conduct a thorough research on this before you put in real money. In the meantime you can open a demo account first. You may experience a continuous flow of losses at first.

Answer 5

Actually $300 to $500 is a bit on the low side. There are two reasons for this. First, your account is not large enough to sustain any possible string of losses. Secondly, I always recommend to my clients that they trade with a margin of between 5% and 10% of their account. This would mean that you would only have between $15 and $50 actually invested in a position. What kind of profit do you think you could make with this?

The good news is that there is a solution. Why don't you open a free demo account with a broker or two to get in some experience and in the mean time we can build up a little more in your investment fund.

Drop me an email and let me share a couple of ideas with you.

Paul

[e-mail]

Answer 6

The tax implications for a foreign investor will depend on whether that person is classified as a resident alien or a non-resident alien. To be considered a non-resident alien, a person must meet several guidelines. First of all, the person cannot have had a green card at any time during the relevant tax reporting period and cannot have resided in the U.S. for more than 183 days in the past three years, including the current reporting period. However, non-U.S. citizens who hold green cards and have been in the U.S. for more than 183 days are classified as resident aliens for tax purposes and are subject to different guidelines than non-resident aliens. If you fall under the non-resident alien category and the only business you have in the U.S. is in investments (stocks, mutual funds, commodities) within a U.S. dollar-denominated brokerage firm or other agent, you are subject to the following tax guidelines. In terms of capital gains, non-resident aliens are subject to no U.S. capital gains tax, and no money will be withheld by the brokerage firm. This does not mean, however, that you can trade tax free - you will likely need to pay capital gains tax in your country of origin. In terms of dividends, non-resident aliens face a dividend tax rate of 30% on dividends paid out by U.S. companies. However, they are excluded from this tax if the dividends are paid by foreign companies or are interest-related dividends or short-term capital gain dividends. This 30% rate can also be lower depending on the treaty between your home country and the U.S., so it is important that you contact your brokerage firm to verify the rate. If you are a resident alien and hold a green card or satisfy the resident rules (183 days), you are subject to the same tax rules as any U.S. citizen.

For the best answers, search on this site https://smarturl.im/aDBim

Answer 7

the best trading software http://tradingsolution.info
i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.
if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.

Answer 8

2

Answer 9

Stay away from Forex if you are not a very experienced investor.

Answer 10

If you cannot afford a $999 course then DO NOT INVEST IN FOREX.