rlt
June 11, 2016, 4:31pm
12
PipMeHappy:
Troible is, not a lot of people make it in two, three, or even ten years… If you want to be a medical doctor, for example, you need to study and train for at least ten years, invest a huge amount of money, and accept that it is not a quick process…There are lots of obstacles to accessing a medical career, and indeed time, money, and the hundreds of exams are there right from the start…If you were training to be a trader you would want to fund it properly first, including sourcing appropriate training…The problem is that retail brokers have made it so easy to open a trading account that literally anyone, even with no training and inadequate capitalisation, can get trading and feel ‘like a trader’…
If you wanted to have a career in trading you should consider saving money first, and spend money on serious training… The reason why futures contracts are not accessible to anyone with less than about 25,000 units is because trading should be taken seriously, and I doubt that anyone would want to trade 25,000 units (i.e. Pounds, Dollars, etc.) with no training, no mentoring, no experience…
Trading accounts are big business for retail brokers, and that is why they make them so accessible, and will even throw some free money in your starter account to encourage you… It is not illegal, or immoral, but it certainly feeds a lot of unrealistic expectations…
So go right ahead and trade with $100, but set your expectations accordingly…otherwise you will end up gambling, like Turbonero said, and lose everything…
Hey,
Agreed, totally and unconditionally.
Thats the story i take from the topicstarter at least, not yet a trader but aspiring to become one in the end.