A simple trading guide and a trading strategy built around a reliable candlestick pattern can get you started off on the right foot when it comes to forecasting price movements. You’ll also have to decide what markets and assets you’ll be trading and how much money you can afford to put at risk before you jump in.
You don’t have to have huge amounts of money to be a financial markets trader, especially if you want to trade forex since many online brokers only require modest margin deposits. However, if your stock trading behavior is ever flagged as pattern-day trading, then you must have a margin account with at least $25,000 deposited in it to continue trading in that manner.
You can get started trading quickly by opening an account with a reputable broker, although you should look around carefully to find the right broker. Evaluate your needs and consult Benzinga’s guide to the market’s top brokers to get started today.