Do you really need twenty-five thousand dollars to get started in day trading?, or is that just the plot they have to tell you?
When I began trading, I was told that you needed twenty-five thousand dollars to have a trading account so that you could actually day-trade, if you have anything less than that, you're only allowed maybe to make like three or four trades per week.
So that is a truth to some extent, because that is what the market and the brokers wants if you are trading stocks and equities. However, there are many other markets that you can trade.
About the four or five different markets that you could trade. The majority of them you do not need that kind of money to begin, on the contrary for instance, I trade in emini futures and you could get started with less than a thousand dollars a week, so you could start with less than a thousand dollars in your account. Now, this is something that is really, really important. And this is something that the brokers love to tell you in pretty words. And it is a lie, and it is a danger, and hazard. Margins or that you have the power to trade with a certain amount of money.