How much money do I need to start trading?

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July 2016
76% of people found this answer helpful

Great question! Simple answer, it depends. What are your goals with the money? Where do you want it to be in the future? How will trading fit into the rest of your financial planning?

There are a variety of online brokers, like Scottrade for example, that let you set up an account with very little money. I would encourage you to speak with a CFP professional to get some perspective and objective advice, perhaps it will help you crystallize how you should set up and fund your trading account. Feel free to check out my website to learn more.

Best Regards,

Derek Notman

October 2008