This is very dependent on how you want to trade, whether you intend to use leverage, and how much cash you are ready to risk. You may start with $250 and work your way up to $50,000 – the sky is the limit. However, keep in mind that increasing the amount of leverage you utilize also increases the level of risk you’re incurring. Trading ultimately boils down to a trader’s psychological tolerance and risk management. Skilled traders may limit risk and increase gain by doing comprehensive market analysis, developing an effective trading strategy, and following money management recommendations.