Since there is no one keeping you from joining the Forex market, the possibilities are literally endless once you start Forex trading. That is also because the Forex market is the biggest market in the entire globe by daily trading volume. So, when stepping into such a huge market, you might be asking yourself how much would be enough for you to start your Forex journey.
However, you do not need to worry about your investment capital here, as you can start with as low as $50 or even less depending on the platform you are using to enter the Forex market. But in order to make any considerable profits, you must commit more money into the market. You can visit Trade Wise for more information.
In daytrading, you can start with as low as $100 in the beginning. However, if you want more flexibility in your trades, $500 is a sweet spot. But, if you want to make a considerable amount of money, you should start with something like $5000.
You might have figured out by now that there is no minimum or maximum amount of money which is needed by the day trading Forex market to get you started. However, you should invest more money if you want to earn what you deserve after spending all of this time learning about the Forex market and spending even more to execute the actual trades.
Keep The Risks in Mind
Whenever you are investing in the Forex market, you should keep in mind that the market can go either way. One day you can be making hundreds of dollars, and the other day your portfolio might be down by a couple thousand. That is why experts usually prefer that you start with a virtual account and test the waters before committing your actual income.