How much money do I need to start trading?
In short, there is no minimum amount required to start trading. You can start with as much or as little as you like – it comes down to your risk appetite for investing and trading. One person might fund an account with £1,000, and another might fund an account with £10,000. It goes without saying that whilst the percentage growth might be the same, the person with the larger account stands to make (or lose) greater amounts of money at any one time.
Do I need to be good at maths to trade?
You don’t need to be a mathematician, scientist or even super intelligent to trade. As long as you can do basic multiplication, you won’t have any issues. It’s more important to be fully dedicated to the learning process than a mathematician. Qualifications are not required. If you have an appetite for personal development and are comfortable with a rules-based approach to learning, you can be successful.
How long will it take before I start making money?
There are never any guarantees when it comes to making money in trading. This is why we teach our students a strict series of lessons on capital preservation and risk management. It’s super important to understand that before earning money becomes a possibility, we must first learn the skill properly and in depth. On average, most of our students begin to make money around 6-9 months into their learning journey.
Why should I learn how to trade?
Trading is one of the few things that you only need to learn once to give yourself the opportunity to earn from it continuously. The learning process takes dedication and focus, but once you’ve learnt it, nobody can take the skill away from you. The financial markets were here before us, and will be here after we’re gone so now’s the time to take advantage of the incredible mobile technology that sits in each of our pockets and on each of our desks every day.
I’m an older person, can I learn how to trade?
Inevitably, the day will come when we reach an age where our attractiveness as employees starts to diminish – but retirement shouldn’t make generating an income impossible. Through trading, you’ll have a skill that you can use anywhere in the world. We have found that it may take slightly longer to embed these skills the older we get, but the results at the end of the journey are exactly the same. Think of it like driving to a destination at 55mph vs 70mph – you still get there, but it takes a touch longer; and with trading, it’s the destination that’s important not the speed to get there.
How to gain a traders mindset?
Trading is as much a mental game as it is a technical one. Lots of traders when they are losing money neglect the whole mental aspect of things and put their misfortune in the markets down to a lack of knowledge. In reality, there may just be some mental beliefs which need adjusting (eg overcoming fear and greed etc). We cover Trading Psychology in detail in both our Peak and Pinnacle mentorship programmes.
