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How to Become a Day Trader with $100: A Step-By-Step Guide - Benzinga

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But this differs from trader to trader.&lt;/p&gt;\n"},"name":"How much can you make day trading?"},{"@type":"Question","acceptedAnswer":{"@type":"Answer","text":"&lt;p&gt;Starting with $500 gives you a median daily income of $5 to $15 on average.&lt;/p&gt;\n"},"name":"How much can I make day trading starting with $500?"},{"@type":"Question","acceptedAnswer":{"@type":"Answer","text":"&lt;p style=&quot;font-weight: 400;&quot;&gt;&lt;span style=&quot;font-weight: 400;&quot;&gt;There are no specific requirements for becoming a day stock trader. However, it is crucial to have a thorough understanding &amp;amp; knowledge of how financial markets function and be familiar with electronic trading platforms, as well as the rules and regulations that govern trading&lt;/span&gt;&lt;/p&gt;\n"},"name":"Can anyone get into day trading?"}]}</script><meta name="next-head-count" content="50"/><link as="font" crossorigin="anonymous" href="/next-assets/fonts/manrope-v15-latin/manrope-v15-latin-300.woff2" rel="preload" type="font/woff2"/><link as="font" crossorigin="anonymous" href="/next-assets/fonts/manrope-v15-latin/manrope-v15-latin-regular.woff2" rel="preload" type="font/woff2"/><link as="font" crossorigin="anonymous" href="/next-assets/fonts/manrope-v15-latin/manrope-v15-latin-500.woff2" rel="preload" type="font/woff2"/><link as="font" crossorigin="anonymous" href="/next-assets/fonts/manrope-v15-latin/manrope-v15-latin-600.woff2" rel="preload" type="font/woff2"/><link as="font" crossorigin="anonymous" 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var(--fa-bounce-jump-scale-y, 1.1)) translateY(var(--fa-bounce-height, -0.5em)); } 50% { -webkit-transform: scale(var(--fa-bounce-land-scale-x, 1.05), var(--fa-bounce-land-scale-y, 0.95)) translateY(0); transform: scale(var(--fa-bounce-land-scale-x, 1.05), var(--fa-bounce-land-scale-y, 0.95)) translateY(0); } 57% { -webkit-transform: scale(1, 1) translateY(var(--fa-bounce-rebound, -0.125em)); transform: scale(1, 1) translateY(var(--fa-bounce-rebound, -0.125em)); } 64% { -webkit-transform: scale(1, 1) translateY(0); transform: scale(1, 1) translateY(0); } 100% { -webkit-transform: scale(1, 1) translateY(0); transform: scale(1, 1) translateY(0); } } @keyframes fa-bounce { 0% { -webkit-transform: scale(1, 1) translateY(0); transform: scale(1, 1) translateY(0); } 10% { -webkit-transform: scale(var(--fa-bounce-start-scale-x, 1.1), var(--fa-bounce-start-scale-y, 0.9)) translateY(0); transform: scale(var(--fa-bounce-start-scale-x, 1.1), var(--fa-bounce-start-scale-y, 0.9)) translateY(0); } 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class="header-container mx-auto container max-w-7xl px-4 flex-col md:flex-row items-cetner"><div class="sc-jiwESV jEYIam breadcrumb-items-container"><div class="sc-cbDaos gXOpzD breadcrumbs-container money-app" role="navigation"><div class="sc-iVheDh MhXxJ breadcrumb"><a aria-label="Navigate to Investing" href="/money/investing">Investing</a></div><span class="breadcrumb-separator">/</span><div class="sc-iVheDh MhXxJ breadcrumb"><span>How to Become a Day Trader</span></div></div></div></div><div class="header-container mx-auto container max-w-7xl px-4 flex-col items-start md:flex-row md:items-cetner"><div class="page-header-info"><h1>How to Become a Day Trader</h1><p class="affiliate-disclosure"></p><a class="learn-more-link" href="https://www.benzinga.com/money/advertiser-disclosure/">Read our Advertiser Disclosure.</a></div><div class="contributor-block-container"><div class="contributor-block"><div class="author"><a href="https://www.benzinga.com/money/author/luke">Luke Jacobi</a></div><div class="author-description">Contributor, Benzinga</div><div class="date">November 13, 2024</div><div class="verified-by"><span class="italic text-xs font-os">verified by<!-- --> <a class="text-sm" href="https://www.benzinga.com/money/author/sam-bougheddagmail-com">Sam Boughedda, Stock Market Analyst</a></span></div></div></div></div><div class="header-container mx-auto container max-w-7xl px-4 flex-col items-start md:flex-row md:items-cetner"></div></div><div class="sc-bHIfKj dvxYqy"><div class="sc-hiTDLB jzsSFa"><div class="sc-ejCKsa cApKXp layout-content-container lg:px-0 mx-auto px-4 layout-container max-w-7xl"><div class="main-content-container has-left-sidebar layout-container mx-auto"><div class="layout-flex flex flex-col w-full items-start relative"><div style="display:flex;position:sticky;top:20px"><div class="sc-gHWSBU fJNDeU layout-left-sidebar flex-none justify-between "><div class="sc-jdHtWo kPIQEE cornerstone-navigation"><ul><li class="parent-list-item"><a href="/money/how-to-become-a-day-trader/"> <!-- -->How to Become a Day Trader</a><span class="toggle-cornerstone"></span></li><li class="child-item hide"><a href="/money/best-day-trading-apps/">Best Day Trading Apps</a></li><li class="child-item hide"><a href="/money/best-day-trading-charts/">Best Day Trading Charts</a></li><li class="child-item hide"><a href="/money/best-stocks-to-day-trade/">Best Stocks to Day Trade</a></li><li class="child-item hide"><a href="/money/day-trading-options/">How to Day Trade Options</a></li><li class="child-item hide"><a href="/money/a-beginners-guide-to-day-trading-futures/">How to Day Trade Futures</a></li><li class="child-item hide"><a href="/money/day-trading-platforms/">Best Day Trading Platforms</a></li><li class="child-item hide"><a href="/money/best-day-trading-strategy/">Best Day Trading Strategies</a></li><li class="child-item hide"><a href="/money/pattern-day-trader/">What is a Pattern Day Trader?</a></li><li class="child-item hide"><a href="/money/day-trading-vs-swing-trading/">Day Trading vs. Swing Trading</a></li><li class="child-item hide"><a href="/money/best-stock-screeners-for-day-trading/">Stock Screeners for Day Trading</a></li><li class="child-item hide"><a href="/money/best-time-of-the-day-to-buy-stocks/">Best Time of Day to Trade Stocks</a></li></ul></div></div></div><div class="layout-main flex flex-grow flex-col justify-between"><main class="money-page-main"><div class="sc-iCWdMM cmLZFc money-post-wrapper"><div class="sc-hJOGhH jCVhd money-blocks-wrapper"><!--$--><p class="block core-block"><strong><a data-lasso-id="107176" href="https://www.benzinga.com/money/how-to-begin-day-trading">Day trading</a> is an effective method of investing in <a data-lasso-id="107177" href="https://www.benzinga.com/money/best-way-to-invest">financial markets</a>. Unlike traditional investing, day trading involves opening and closing trades within the same day, using a brokerage like <a href="https://www.benzinga.com/go/ibkr-stocks">Interactive Brokers</a>. </strong></p><!--/$--><!--$--><p class="block core-block">Traders profit from short-term price fluctuations and do not hold trades overnight. Day trading allows for trading in various assets such as currency, stocks, commodities and cryptocurrency. If you have limited funds or are risk-averse, you may choose to start trading with a small amount like $100.</p><!--/$--><!--$--><div class="lazyload-wrapper "><div class="min-h-[300px] md:min-h-[186px] my-4"><div class="w-full min-h-[inherit]"><div class="w-full h-full min-h-[inherit] flex items-center justify-center mx-auto rounded-md border border-gray-300 p-4 shadow"><div class="flex flex-col md:flex-row animate-pulse w-full gap-4"><div class="icon-wrapper flex items-center justify-center mx-6"><svg aria-hidden="true" class="w-16 h-16 text-gray-400" fill="currentColor" viewBox="0 0 640 512" xmlns="http://www.w3.org/2000/svg"><path d="M480 80C480 35.82 515.8 0 560 0C604.2 0 640 35.82 640 80C640 124.2 604.2 160 560 160C515.8 160 480 124.2 480 80zM0 456.1C0 445.6 2.964 435.3 8.551 426.4L225.3 81.01C231.9 70.42 243.5 64 256 64C268.5 64 280.1 70.42 286.8 81.01L412.7 281.7L460.9 202.7C464.1 196.1 472.2 192 480 192C487.8 192 495 196.1 499.1 202.7L631.1 419.1C636.9 428.6 640 439.7 640 450.9C640 484.6 612.6 512 578.9 512H55.91C25.03 512 .0006 486.1 .0006 456.1L0 456.1z"></path></svg></div><div class="paragraphs-wrapper w-full"><div class="flex-1 space-y-6 py-1"><div class="h-3 rounded bg-gray-300"></div><div class="space-y-3"><div class="grid grid-cols-3 gap-4"><div class="col-span-2 h-2 rounded bg-gray-300"></div><div class="col-span-1 h-2 rounded bg-gray-300"></div></div><div class="h-2 rounded bg-gray-300"></div><div class="h-2 rounded bg-gray-300"></div><div class="h-2 rounded bg-gray-300"></div></div></div></div></div></div></div></div></div><!--/$--><!--$--><div class="sc-ftuRJG eXnPuT bz3_border_box_container table"><div class="bz3_border_box_wrapper p-4 w-auto bg-white"><div class="bz3_table_content_title"><div class="font-semibold text-gray-900 text-left flex items-center justify-between"><div class="flex items-center justify-between gap-3"><div class="fa-list"><svg aria-hidden="true" class="leading-none" stroke="currentColor" stroke-width="1" style="height:1em;width:1em" viewBox="0 0 512 512" xmlns="http://www.w3.org/2000/svg"><path d="M64 64a32 32 0 1 0 0 64 32 32 0 1 0 0-64zm120 8c-13.3 0-24 10.7-24 24s10.7 24 24 24H488c13.3 0 24-10.7 24-24s-10.7-24-24-24H184zm0 160c-13.3 0-24 10.7-24 24s10.7 24 24 24H488c13.3 0 24-10.7 24-24s-10.7-24-24-24H184zm0 160c-13.3 0-24 10.7-24 24s10.7 24 24 24H488c13.3 0 24-10.7 24-24s-10.7-24-24-24H184zM96 256a32 32 0 1 0 -64 0 32 32 0 1 0 64 0zM64 384a32 32 0 1 0 0 64 32 32 0 1 0 0-64z" fill="currentColor"></path></svg></div>Table of Contents</div></div></div><div class="bz3_table_content_list"><ul class="bz3_table_content_ul list-disc text-blue-200 ml-4 mt-2"><li><a href="#how-to-start-day-trading" title="How to Start Day Trading">How to Start Day Trading</a></li><li><a href="#step1-find-a-brokerage" title="Step 1: Find a Brokerage">Step 1: Find a Brokerage</a></li><li><a href="#best-stock-brokers-for-day-trading" title="Best Stock Brokers for Day Trading">Best Stock Brokers for Day Trading</a></li><li class="see-all">See All <!-- -->10<!-- --> Items</li></ul></div></div></div><!--/$--><!--$--><h2 class="block core-block" id="how-to-start-day-trading">How to Start Day Trading</h2><!--/$--><!--$--><p class="block core-block">We’ll show you what to look for in a broker, how to choose a security, how to <a href="https://www.benzinga.com/money/best-day-trading-strategy/" data-lasso-id="107178">build your strategy</a> and how to open your first trade.</p><!--/$--><!--$--><h3 class="block core-block" id="step1-find-a-brokerage">Step 1: Find a Brokerage</h3><!--/$--><!--$--><p class="block core-block">If you want to trade successfully with only $100, your broker needs to meet some requirements from your side.</p><!--/$--><!--$--><p class="block core-block"><strong>Charges:</strong> It’ll be better if your broker charges you based on spread rather than on commission. Commission-based models usually have a minimum charge. Trading small amounts of a commission-based model will trigger that minimum charge for every trade.</p><!--/$--><!--$--><p class="block core-block">The spread fee is the better alternative, as it charges you based on the amount you trade and as a built-in cost.</p><!--/$--><!--$--><p class="block core-block"><strong>Minimum Deposit:</strong> Your broker of choice should have a minimum deposit requirement of $100 or less. Otherwise, you can’t deposit just $100.</p><!--/$--><!--$--><p class="block core-block"><strong>Leverage and Margin:</strong> If you trade with only $100, day trading price ticks are insufficient to give you reasonable earnings. Imagine you invest half of your funds in a trade, and the price moves with 0.2% in your favor:</p><!--/$--><!--$--><p class="block core-block">$50 x 0.002 = $0.1 profit</p><!--/$--><!--$--><p class="block core-block">This is why you need to trade on <a href="https://www.benzinga.com/money/what-is-leverage/" data-lasso-id="107180">margin with leverage</a>. For example, if you are in the United States, you can trade with a maximum leverage of 50:1. Alternatively, if you are in the European Union, then your maximum leverage is 30:1.</p><!--/$--><!--$--><p class="block core-block">This is due to domestic regulations. The maximum leverage is different depending on your location. In Australia, for example, the maximum leverage used to be as high as 1,500:1. However, it is now at 30:1 due to new ASIC regulations.</p><!--/$--><!--$--><p class="block core-block">Here are a few of our favorite <a href="https://www.benzinga.com/money/best-brokers-day-trading/" data-lasso-id="107181">online brokers for day trading</a>.</p><!--/$--><!--$--><h3 class="block core-block" id="best-stock-brokers-for-day-trading">Best Stock Brokers for Day Trading</h3><!--/$--><!--$--><p class="block core-block">The top day trading platforms offer advanced features and functionality. Many platforms cater to both novice and experienced traders, with options like free stock trading, robust desktop platforms and no Pattern Day Trading (PDT) rule restrictions. These platforms prioritize execution speed, ease of use, pricing and reliability to support successful day trading strategies.</p><!--/$--><!--$--><div class="sc-huAHOl faPGeX block compare-products"><div class="sc-mudCR kVXZdG compare-products-table-container"><ul class="compare-products-list"><li><div class="list-items-container "><div class="list-items product-info"><div class="flex items-center flex-row"><div class="image-container mr-4"><a class="image-anchor-wrapper" data-label="Product Table Image" href="https://www.benzinga.com/go/ibkr-stocks" rel="noopener sponsored nofollow" target="_blank"><span style="background:none;border:0;box-sizing:border-box;display:inline-block;height:initial;margin:0;opacity:1;overflow:hidden;padding:0;width:initial;position:relative;max-width:100%"><span style="background:none;border:0;box-sizing:border-box;display:block;height:initial;margin:0;opacity:1;padding:0;width:initial;max-width:100%"><img alt="" aria-hidden="true" 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12.9-31.3L438.5 329 542.7 225.9c8.6-8.5 11.7-21.2 7.9-32.7s-13.7-19.9-25.7-21.7L381.2 150.3 316.9 18z" fill="currentColor"></path></svg></div></div><div style="color:inherit"><div><svg aria-hidden="true" class="leading-none" stroke="currentColor" stroke-width="1" style="height:1em;width:1em" viewBox="0 0 576 512" xmlns="http://www.w3.org/2000/svg"><path d="M316.9 18C311.6 7 300.4 0 288.1 0s-23.4 7-28.8 18L195 150.3 51.4 171.5c-12 1.8-22 10.2-25.7 21.7s-.7 24.2 7.9 32.7L137.8 329 113.2 474.7c-2 12 3 24.2 12.9 31.3s23 8 33.8 2.3l128.3-68.5 128.3 68.5c10.8 5.7 23.9 4.9 33.8-2.3s14.9-19.3 12.9-31.3L438.5 329 542.7 225.9c8.6-8.5 11.7-21.2 7.9-32.7s-13.7-19.9-25.7-21.7L381.2 150.3 316.9 18z" fill="currentColor"></path></svg></div></div></div><div class="sc-fqLFto cXJjtT star active"><div style="overflow:hidden;position:absolute;width:0%"><div><svg aria-hidden="true" class="leading-none" stroke="currentColor" stroke-width="1" style="height:1em;width:1em" viewBox="0 0 576 512" xmlns="http://www.w3.org/2000/svg"><path d="M316.9 18C311.6 7 300.4 0 288.1 0s-23.4 7-28.8 18L195 150.3 51.4 171.5c-12 1.8-22 10.2-25.7 21.7s-.7 24.2 7.9 32.7L137.8 329 113.2 474.7c-2 12 3 24.2 12.9 31.3s23 8 33.8 2.3l128.3-68.5 128.3 68.5c10.8 5.7 23.9 4.9 33.8-2.3s14.9-19.3 12.9-31.3L438.5 329 542.7 225.9c8.6-8.5 11.7-21.2 7.9-32.7s-13.7-19.9-25.7-21.7L381.2 150.3 316.9 18z" fill="currentColor"></path></svg></div></div><div style="color:inherit"><div><svg aria-hidden="true" class="leading-none" stroke="currentColor" stroke-width="1" style="height:1em;width:1em" viewBox="0 0 576 512" xmlns="http://www.w3.org/2000/svg"><path d="M316.9 18C311.6 7 300.4 0 288.1 0s-23.4 7-28.8 18L195 150.3 51.4 171.5c-12 1.8-22 10.2-25.7 21.7s-.7 24.2 7.9 32.7L137.8 329 113.2 474.7c-2 12 3 24.2 12.9 31.3s23 8 33.8 2.3l128.3-68.5 128.3 68.5c10.8 5.7 23.9 4.9 33.8-2.3s14.9-19.3 12.9-31.3L438.5 329 542.7 225.9c8.6-8.5 11.7-21.2 7.9-32.7s-13.7-19.9-25.7-21.7L381.2 150.3 316.9 18z" fill="currentColor"></path></svg></div></div></div></div><a class="read-review" href="https://www.benzinga.com/money/interactive-brokers-review">Interactive Brokers<!-- --> Review</a></div></div><div class="flex items-center flex-row product-cta-wrap"><div class="attribute-container flex items-center gap-1 flex-col items-end"><div class="sc-jURttq ivVRbd section-title"><span>Best For:</span></div><div class="attribute-value medium">Active and Global Traders</div></div></div><div class="flex items-end flex-col product-cta-wrap"><div class="section-title"><span>VIEW PROS &amp; CONS:</span></div><div class="product-toggle-wrap"><div class="toggle-product-block flex items-center"><div class="icon-wrapper"><div style="color:#99AECC"><svg aria-hidden="true" class="leading-none" stroke="currentColor" stroke-width="1" style="height:1em;width:1em" viewBox="0 0 512 512" xmlns="http://www.w3.org/2000/svg"><path d="M233.4 406.6c12.5 12.5 32.8 12.5 45.3 0l192-192c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L256 338.7 86.6 169.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l192 192z" fill="currentColor"></path></svg></div></div></div></div></div><div class="securely-mobile"><span class="securely">Securely through Interactive Brokers’ website</span></div></div><div class="action-btn"><a class="cta-link-button" data-label="Product Table CTA" href="https://www.benzinga.com/go/ibkr-stocks" rel="noopener sponsored nofollow" target="_blank"><button class="sc-iCKXBC jdlker flat-blue md" type="button"><span><span>Get Started with Interactive Brokers</span></span></button></a></div></div></li><li><div class="list-items-container "><div class="list-items product-info"><div class="flex items-center flex-row"><div class="image-container mr-4"><a class="image-anchor-wrapper" data-label="Product Table Image" href="https://www.benzinga.com/go/moomoo" rel="noopener sponsored nofollow" target="_blank"><span style="background:none;border:0;box-sizing:border-box;display:inline-block;height:initial;margin:0;opacity:1;overflow:hidden;padding:0;width:initial;position:relative;max-width:100%"><span style="background:none;border:0;box-sizing:border-box;display:block;height:initial;margin:0;opacity:1;padding:0;width:initial;max-width:100%"><img alt="" aria-hidden="true" src="data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTAwIiBoZWlnaHQ9IjUwIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZlcnNpb249IjEuMSIvPg==" style="background:none;border:0;display:block;height:initial;margin:0;max-width:100%;opacity:1;padding:0;width:initial"/></span><img alt="Moomoo" src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" decoding="async" style="border:none;bottom:0;box-sizing:border-box;display:block;height:0;left:0;margin:auto;max-height:100%;max-width:100%;min-height:100%;min-width:100%;padding:0;position:absolute;right:0;top:0;width:0;object-fit:contain"/><noscript><img alt="Moomoo" src="https://cdnwp-s3.benzinga.com/wp-content/uploads/2020/09/11085252/IMG_3829-768x617.jpeg?optimize=medium&amp;dpr=2&amp;auto=webp&amp;width=256" srcSet="https://cdnwp-s3.benzinga.com/wp-content/uploads/2020/09/11085252/IMG_3829-768x617.jpeg?optimize=medium&amp;dpr=2&amp;auto=webp&amp;width=128 1x, https://cdnwp-s3.benzinga.com/wp-content/uploads/2020/09/11085252/IMG_3829-768x617.jpeg?optimize=medium&amp;dpr=2&amp;auto=webp&amp;width=256 2x" decoding="async" loading="lazy" style="border:none;bottom:0;box-sizing:border-box;display:block;height:0;left:0;margin:auto;max-height:100%;max-width:100%;min-height:100%;min-width:100%;padding:0;position:absolute;right:0;top:0;width:0;object-fit:contain"/></noscript></span></a></div><div class="has-thumbnail"></div></div><div class="flex items-center flex-row"><div class="sc-fqpVkM blKQFu review-container"><div class="sc-loaeDx diFiSn rate-container rating-component readOnly"><div class="sc-fqLFto cXJjtT star active"><div 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2.3l128.3-68.5 128.3 68.5c10.8 5.7 23.9 4.9 33.8-2.3s14.9-19.3 12.9-31.3L438.5 329 542.7 225.9c8.6-8.5 11.7-21.2 7.9-32.7s-13.7-19.9-25.7-21.7L381.2 150.3 316.9 18z" fill="currentColor"></path></svg></div></div></div><div class="sc-fqLFto cXJjtT star active"><div style="overflow:hidden;position:absolute;width:0%"><div><svg aria-hidden="true" class="leading-none" stroke="currentColor" stroke-width="1" style="height:1em;width:1em" viewBox="0 0 576 512" xmlns="http://www.w3.org/2000/svg"><path d="M316.9 18C311.6 7 300.4 0 288.1 0s-23.4 7-28.8 18L195 150.3 51.4 171.5c-12 1.8-22 10.2-25.7 21.7s-.7 24.2 7.9 32.7L137.8 329 113.2 474.7c-2 12 3 24.2 12.9 31.3s23 8 33.8 2.3l128.3-68.5 128.3 68.5c10.8 5.7 23.9 4.9 33.8-2.3s14.9-19.3 12.9-31.3L438.5 329 542.7 225.9c8.6-8.5 11.7-21.2 7.9-32.7s-13.7-19.9-25.7-21.7L381.2 150.3 316.9 18z" fill="currentColor"></path></svg></div></div><div style="color:inherit"><div><svg aria-hidden="true" class="leading-none" stroke="currentColor" stroke-width="1" 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12.9-31.3L438.5 329 542.7 225.9c8.6-8.5 11.7-21.2 7.9-32.7s-13.7-19.9-25.7-21.7L381.2 150.3 316.9 18z" fill="currentColor"></path></svg></div></div><div style="color:inherit"><div><svg aria-hidden="true" class="leading-none" stroke="currentColor" stroke-width="1" style="height:1em;width:1em" viewBox="0 0 576 512" xmlns="http://www.w3.org/2000/svg"><path d="M316.9 18C311.6 7 300.4 0 288.1 0s-23.4 7-28.8 18L195 150.3 51.4 171.5c-12 1.8-22 10.2-25.7 21.7s-.7 24.2 7.9 32.7L137.8 329 113.2 474.7c-2 12 3 24.2 12.9 31.3s23 8 33.8 2.3l128.3-68.5 128.3 68.5c10.8 5.7 23.9 4.9 33.8-2.3s14.9-19.3 12.9-31.3L438.5 329 542.7 225.9c8.6-8.5 11.7-21.2 7.9-32.7s-13.7-19.9-25.7-21.7L381.2 150.3 316.9 18z" fill="currentColor"></path></svg></div></div></div><div class="sc-fqLFto cXJjtT star active"><div style="overflow:hidden;position:absolute;width:0%"><div><svg aria-hidden="true" class="leading-none" stroke="currentColor" stroke-width="1" style="height:1em;width:1em" viewBox="0 0 576 512" xmlns="http://www.w3.org/2000/svg"><path d="M316.9 18C311.6 7 300.4 0 288.1 0s-23.4 7-28.8 18L195 150.3 51.4 171.5c-12 1.8-22 10.2-25.7 21.7s-.7 24.2 7.9 32.7L137.8 329 113.2 474.7c-2 12 3 24.2 12.9 31.3s23 8 33.8 2.3l128.3-68.5 128.3 68.5c10.8 5.7 23.9 4.9 33.8-2.3s14.9-19.3 12.9-31.3L438.5 329 542.7 225.9c8.6-8.5 11.7-21.2 7.9-32.7s-13.7-19.9-25.7-21.7L381.2 150.3 316.9 18z" fill="currentColor"></path></svg></div></div><div style="color:inherit"><div><svg aria-hidden="true" class="leading-none" stroke="currentColor" stroke-width="1" style="height:1em;width:1em" viewBox="0 0 576 512" xmlns="http://www.w3.org/2000/svg"><path d="M316.9 18C311.6 7 300.4 0 288.1 0s-23.4 7-28.8 18L195 150.3 51.4 171.5c-12 1.8-22 10.2-25.7 21.7s-.7 24.2 7.9 32.7L137.8 329 113.2 474.7c-2 12 3 24.2 12.9 31.3s23 8 33.8 2.3l128.3-68.5 128.3 68.5c10.8 5.7 23.9 4.9 33.8-2.3s14.9-19.3 12.9-31.3L438.5 329 542.7 225.9c8.6-8.5 11.7-21.2 7.9-32.7s-13.7-19.9-25.7-21.7L381.2 150.3 316.9 18z" fill="currentColor"></path></svg></div></div></div><div class="sc-fqLFto cXJjtT star active"><div style="overflow:hidden;position:absolute;width:50%"><div><svg aria-hidden="true" class="leading-none" stroke="currentColor" stroke-width="1" style="height:1em;width:1em" viewBox="0 0 576 512" xmlns="http://www.w3.org/2000/svg"><path d="M316.9 18C311.6 7 300.4 0 288.1 0s-23.4 7-28.8 18L195 150.3 51.4 171.5c-12 1.8-22 10.2-25.7 21.7s-.7 24.2 7.9 32.7L137.8 329 113.2 474.7c-2 12 3 24.2 12.9 31.3s23 8 33.8 2.3l128.3-68.5 128.3 68.5c10.8 5.7 23.9 4.9 33.8-2.3s14.9-19.3 12.9-31.3L438.5 329 542.7 225.9c8.6-8.5 11.7-21.2 7.9-32.7s-13.7-19.9-25.7-21.7L381.2 150.3 316.9 18z" fill="currentColor"></path></svg></div></div><div style="color:#CEDDF2"><div><svg aria-hidden="true" class="leading-none" stroke="currentColor" stroke-width="1" style="height:1em;width:1em" viewBox="0 0 576 512" xmlns="http://www.w3.org/2000/svg"><path d="M316.9 18C311.6 7 300.4 0 288.1 0s-23.4 7-28.8 18L195 150.3 51.4 171.5c-12 1.8-22 10.2-25.7 21.7s-.7 24.2 7.9 32.7L137.8 329 113.2 474.7c-2 12 3 24.2 12.9 31.3s23 8 33.8 2.3l128.3-68.5 128.3 68.5c10.8 5.7 23.9 4.9 33.8-2.3s14.9-19.3 12.9-31.3L438.5 329 542.7 225.9c8.6-8.5 11.7-21.2 7.9-32.7s-13.7-19.9-25.7-21.7L381.2 150.3 316.9 18z" fill="currentColor"></path></svg></div></div></div></div><a class="read-review" href="https://www.benzinga.com/money/moomoo-review">Moomoo<!-- --> Review</a></div></div><div class="flex items-center flex-row product-cta-wrap"><div class="attribute-container flex items-center gap-1 flex-col items-end"><div class="sc-jURttq ivVRbd section-title"><span>Best For:</span></div><div class="attribute-value medium">Traders of all levels</div></div></div><div class="flex items-end flex-col product-cta-wrap"><div class="section-title"><span>VIEW PROS &amp; CONS:</span></div><div class="product-toggle-wrap"><div class="toggle-product-block flex items-center"><div class="icon-wrapper"><div style="color:#99AECC"><svg aria-hidden="true" class="leading-none" stroke="currentColor" stroke-width="1" style="height:1em;width:1em" viewBox="0 0 512 512" xmlns="http://www.w3.org/2000/svg"><path d="M233.4 406.6c12.5 12.5 32.8 12.5 45.3 0l192-192c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L256 338.7 86.6 169.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l192 192z" fill="currentColor"></path></svg></div></div></div></div></div><div class="securely-mobile"><span class="securely">securely through Moomoo's website</span></div></div><div class="action-btn"><a class="cta-link-button" data-label="Product Table CTA" href="https://www.benzinga.com/go/moomoo" rel="noopener sponsored nofollow" target="_blank"><button class="sc-iCKXBC jdlker flat-blue md" type="button"><span><span>Get Started with Moomoo</span></span></button></a></div></div></li><li><div class="list-items-container "><div class="list-items product-info"><div class="flex items-center flex-row"><div class="image-container mr-4"><a class="image-anchor-wrapper" 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542.7 225.9c8.6-8.5 11.7-21.2 7.9-32.7s-13.7-19.9-25.7-21.7L381.2 150.3 316.9 18z" fill="currentColor"></path></svg></div></div></div></div><a class="read-review" href="https://www.benzinga.com/money/webull-review">Webull<!-- --> Review</a></div></div><div class="flex items-center flex-row product-cta-wrap"><div class="attribute-container flex items-center gap-1 flex-col items-end"><div class="sc-jURttq ivVRbd section-title"><span>Best For:</span></div><div class="attribute-value medium">Active Traders</div></div></div><div class="flex items-end flex-col product-cta-wrap"><div class="section-title"><span>VIEW PROS &amp; CONS:</span></div><div class="product-toggle-wrap"><div class="toggle-product-block flex items-center"><div class="icon-wrapper"><div style="color:#99AECC"><svg aria-hidden="true" class="leading-none" stroke="currentColor" stroke-width="1" style="height:1em;width:1em" viewBox="0 0 512 512" xmlns="http://www.w3.org/2000/svg"><path d="M233.4 406.6c12.5 12.5 32.8 12.5 45.3 0l192-192c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L256 338.7 86.6 169.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l192 192z" fill="currentColor"></path></svg></div></div></div></div></div><div class="securely-mobile"><span class="securely">securely through Webull's app</span></div></div><div class="action-btn"><a class="cta-link-button" data-label="Product Table CTA" href="https://www.benzinga.com/go/webull-how-to-buy" rel="noopener sponsored nofollow" target="_blank"><button class="sc-iCKXBC jdlker flat-blue md" type="button"><span><span>Get Started with Webull</span></span></button></a></div></div></li></ul></div></div><!--/$--><!--$--><h3 class="block core-block" id="best-forex-brokers-for-day-trading">Best Forex Brokers for Day Trading</h3><!--/$--><!--$--><p class="block core-block"><a href="https://www.benzinga.com/money/what-are-cfds-contract-for-differences" data-lasso-id="107182">CFDs</a> are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.</p><!--/$--><!--$--><p class="block core-block">Investors should keep in mind that 70% of all CFD accounts lose money.</p><!--/$--><!--$--><p class="block core-block">Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.</p><!--/$--><!--$--><div class="sc-huAHOl faPGeX block compare-products"><div class="sc-mudCR kVXZdG compare-products-table-container"><ul class="compare-products-list"><li><div class="list-items-container "><div class="list-items product-info"><div class="flex items-center flex-row"><div class="image-container mr-4"><a class="image-anchor-wrapper" data-label="Product Table Image" href="https://www.benzinga.com/go/plus500-cfd" rel="noopener sponsored nofollow" target="_blank"><span style="background:none;border:0;box-sizing:border-box;display:inline-block;height:initial;margin:0;opacity:1;overflow:hidden;padding:0;width:initial;position:relative;max-width:100%"><span style="background:none;border:0;box-sizing:border-box;display:block;height:initial;margin:0;opacity:1;padding:0;width:initial;max-width:100%"><img alt="" aria-hidden="true" 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2.3l128.3-68.5 128.3 68.5c10.8 5.7 23.9 4.9 33.8-2.3s14.9-19.3 12.9-31.3L438.5 329 542.7 225.9c8.6-8.5 11.7-21.2 7.9-32.7s-13.7-19.9-25.7-21.7L381.2 150.3 316.9 18z" fill="currentColor"></path></svg></div></div></div></div><a class="read-review" href="https://www.benzinga.com/money/plus500-review">Plus500<!-- --> Review</a></div></div><div class="flex items-center flex-row product-cta-wrap"><div class="attribute-container flex items-center gap-1 flex-col items-end"><div class="sc-jURttq ivVRbd section-title"><span>Best For:</span></div><div class="attribute-value medium">best Overall CFD Broker</div></div></div><div class="flex items-end flex-col product-cta-wrap"><div class="section-title"><span>VIEW PROS &amp; CONS:</span></div><div class="product-toggle-wrap"><div class="toggle-product-block flex items-center"><div class="icon-wrapper"><div style="color:#99AECC"><svg aria-hidden="true" class="leading-none" stroke="currentColor" stroke-width="1" style="height:1em;width:1em" 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300.4 0 288.1 0s-23.4 7-28.8 18L195 150.3 51.4 171.5c-12 1.8-22 10.2-25.7 21.7s-.7 24.2 7.9 32.7L137.8 329 113.2 474.7c-2 12 3 24.2 12.9 31.3s23 8 33.8 2.3l128.3-68.5 128.3 68.5c10.8 5.7 23.9 4.9 33.8-2.3s14.9-19.3 12.9-31.3L438.5 329 542.7 225.9c8.6-8.5 11.7-21.2 7.9-32.7s-13.7-19.9-25.7-21.7L381.2 150.3 316.9 18z" fill="currentColor"></path></svg></div></div><div style="color:inherit"><div><svg aria-hidden="true" class="leading-none" stroke="currentColor" stroke-width="1" style="height:1em;width:1em" viewBox="0 0 576 512" xmlns="http://www.w3.org/2000/svg"><path d="M316.9 18C311.6 7 300.4 0 288.1 0s-23.4 7-28.8 18L195 150.3 51.4 171.5c-12 1.8-22 10.2-25.7 21.7s-.7 24.2 7.9 32.7L137.8 329 113.2 474.7c-2 12 3 24.2 12.9 31.3s23 8 33.8 2.3l128.3-68.5 128.3 68.5c10.8 5.7 23.9 4.9 33.8-2.3s14.9-19.3 12.9-31.3L438.5 329 542.7 225.9c8.6-8.5 11.7-21.2 7.9-32.7s-13.7-19.9-25.7-21.7L381.2 150.3 316.9 18z" fill="currentColor"></path></svg></div></div></div></div><a class="read-review" href="https://www.benzinga.com/money/tastyfx-review">tastyfx (formerly IG)<!-- --> Review</a></div></div><div class="flex items-center flex-row product-cta-wrap"><div class="attribute-container flex items-center gap-1 flex-col items-end"><div class="sc-jURttq ivVRbd section-title"><span>Best For:</span></div><div class="attribute-value medium">$10,000 Funding Bonus</div></div></div><div class="flex items-end flex-col product-cta-wrap"><div class="section-title"><span>VIEW PROS &amp; CONS:</span></div><div class="product-toggle-wrap"><div class="toggle-product-block flex items-center"><div class="icon-wrapper"><div style="color:#99AECC"><svg aria-hidden="true" class="leading-none" stroke="currentColor" stroke-width="1" style="height:1em;width:1em" viewBox="0 0 512 512" xmlns="http://www.w3.org/2000/svg"><path d="M233.4 406.6c12.5 12.5 32.8 12.5 45.3 0l192-192c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L256 338.7 86.6 169.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l192 192z" fill="currentColor"></path></svg></div></div></div></div></div><div class="securely-mobile"><span class="securely">securely through tastyfx's website</span></div></div><div class="action-btn"><a class="cta-link-button" data-label="Product Table CTA" href="https://www.benzinga.com/go/tastyfx" rel="noopener sponsored nofollow" target="_blank"><button class="sc-iCKXBC jdlker flat-blue md" type="button"><span><span>Get Started with tastyfx (formerly IG)</span></span></button></a></div></div></li></ul></div></div><!--/$--><!--$--><h3 class="block core-block" id="step2-choose-securities">Step 2: Choose Securities</h3><!--/$--><!--$--><p class="block core-block">Aim for higher gains when trading small amounts of money; otherwise, your account will grow at a very slow pace.</p><!--/$--><!--$--><p class="block core-block">You can achieve higher gains on securities with higher volatility. Since the currency market is the biggest in the world, its trading volume causes very high volatility. Because of this, currency pairs are suitable securities to trade with a small amount of money.</p><!--/$--><!--$--><p class="block core-block">But which Forex pairs should you trade? Since your account is very small, you need to keep costs and fees as low as possible. You can keep the costs down by trading well-known forex majors:</p><!--/$--><!--$--><ul class="block core-block"><li>EUR/USD</li><li>GBP/USD</li><li>USD/JPY</li><li>AUD/USD</li><li>NZD/USD</li><li>USD/CAD</li></ul><!--/$--><!--$--><p class="block core-block">The major currency pairs are the ones that cost less in terms of spread. But, at the same time, they are the most volatile forex pairs.</p><!--/$--><!--$--><h3 class="block core-block" id="step3-determine-strategy">Step 3: Determine Strategy</h3><!--/$--><!--$--><p class="block core-block">Your strategy is crucial for your success with such a small amount of money for trading. You need to consider when to trade, the amount you’ll invest in each trade, when you’ll enter a trade, how you will manage your risk and when you’ll exit a trade.</p><!--/$--><!--$--><h4 class="block core-block" id="learn-more-about-trading">Learn More About Trading</h4><!--/$--><!--$--><p class="block core-block">As you determine a trading strategy, you should endeavor to learn as much as possible. Look into research and alert platforms like Eagle Investors. You can register for alerts from active traders or even join a chatroom with other traders. You can <a data-lasso-id="107183" href="https://www.benzinga.com/go/eagle-investors">register for Eagle Investors here</a>. Eagle Investors even shares statistics related to its recommendations, demonstrating how well the platform works.</p><!--/$--><!--$--><p class="block core-block">If you want to take a course, try Udemy’s Day Trading and Swing Trading Strategies for Stocks. You can <a data-lasso-id="107184" href="https://www.benzinga.com/go/udemy">register here</a> to gain access to the course, videos and documentation. The course teaches you how to build a trading strategy, interpret market activity and more. You even get a certificate when the course is completed.</p><!--/$--><!--$--><h4 class="block core-block" id="when-to-trade">When to Trade</h4><!--/$--><!--$--><p class="block core-block"><a data-lasso-id="107185" href="https://www.benzinga.com/money/best-time-of-the-day-to-buy-stocks">A good time to trade</a> is during market session overlaps. For example, the EUR/USD and the GBP/USD are most volatile in the time when the London markets and the U.S. markets are both open.</p><!--/$--><!--$--><p class="block core-block">The U.K. and Europe conduct transactions in GBP and EUR, and the U.S. conducts transactions in USD. The transactions, and supply and demand of these currencies, make their prices fluctuate. Since the GBP, the EUR and the USD fluctuate, the GBP/USD and the EUR/USD forex pairs are very volatile at this time.</p><!--/$--><!--$--><h4 class="block core-block" id="amount-per-trade">Amount per Trade</h4><!--/$--><!--$--><p class="block core-block">The best approach is to invest a large amount of your $100 in each trade and have no more than a single trade open. This way, you can hit a single trade in a big way instead of executing multiple small trades at once. For example, you can invest 60% of your bankroll in each trade and, at the same time, have no more than one trade open.</p><!--/$--><!--$--><h4 class="block core-block" id="when-to-enter-the-market">When to Enter the Market</h4><!--/$--><!--$--><p class="block core-block">Your trading strategy should suggest the conditions to enter the market. You can use various <a data-lasso-id="107186" href="https://www.benzinga.com/money/how-to-read-forex-charts/">technical indicators</a> to do this. Some of these indicators are:</p><!--/$--><!--$--><ul class="block core-block"><li><a href="https://www.benzinga.com/money/candlestick-types-traders-should-know">Candle patterns</a></li><li><a href="https://www.benzinga.com/money/stock-chart-patterns">Chart patterns</a></li><li><a href="https://www.benzinga.com/money/oscillator-indicators-trading">Oscillators</a></li><li>Momentum</li><li>Volume</li><li>Volatility</li></ul><!--/$--><!--$--><p class="block core-block">You can use these indicators to determine specific market conditions and to identify trends. Identifying and riding a trend means you can aim for high returns.</p><!--/$--><!--$--><h4 class="block core-block" id="risk-management">Risk Management</h4><!--/$--><!--$--><p class="block core-block">When you’re trading in normal conditions with a comfortably high amount of money, you shouldn’t risk more than 2% of your capital per trade.</p><!--/$--><!--$--><p class="block core-block">However, since you have only $100, you can take a higher risk as your losses are limited to what you have in your account. Therefore, a risk of 3% per trade is reasonable for these trading conditions.</p><!--/$--><!--$--><p class="block core-block">Three percent risk per trade means $100 x 0.03 = $3 maximum risk in each deal. You can trade with a maximum leverage of 50:1 in the U.S. This will give you a total buying power of 50 x $100 = $5,000.</p><!--/$--><!--$--><p class="block core-block">If you invest 60% of your bank in each trade, this is $3,000 per trade. Your stop-loss order should be at a percentage distance from your entry price equal to 3/ 3,000 = 0.001 or 0.1%. In other words, if you buy the EUR/USD at 1.1450, your stop-loss order should stay 0.1% below the entry price.</p><!--/$--><!--$--><p class="block core-block">You can calculate it this way:</p><!--/$--><!--$--><p class="block core-block">1.1450 x (1 – 0.001) = 1.1439</p><!--/$--><!--$--><p class="block core-block">1.1439 is the level of your stop-loss order once you take these conditions into consideration.</p><!--/$--><!--$--><h4 class="block core-block" id="conditions-to-exit-a-trade">Conditions to Exit a Trade</h4><!--/$--><!--$--><p class="block core-block">The $100 bankroll trading requires a more aggressive approach, so here are some different exit rules.</p><!--/$--><!--$--><p class="block core-block">Use a <a href="https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins-15">trailing stop-loss order</a> instead of a regular one. Still stick to the same risk management rules, but with a trailing stop. Catching a trend will put profit aside every time the market ticks in your favor, and if you manage to catch a big spike, then the trailing stop will adjust to the rise in price, hopefully increasing your profit.</p><!--/$--><!--$--><p class="block core-block">In this case, you will only exit the market if the price hits your stop, and you will stay in the market as long as it is trending in your favor in these kind of financial services.</p><!--/$--><!--$--><h4 class="block core-block" id="success-rate-and-profit--loss-ratio">Success Rate and Profit-Loss Ratio</h4><!--/$--><!--$--><p class="block core-block">If you manage to get a 3:1 profit-loss ratio with a 30% success rate, and you risk $3 per trade aiming for $9, succeeding in only 30% of the trades will generate around 7% profit per 10 trades using the above rules. Here’s how your account will look after 1,000 trades:</p><!--/$--><!--$--><p class="block core-block">If your account grows by 7% per 10 trades, your $100 bankroll will grow to more than $80,000 after 1,000 trades. But, of course, this is a very straightforward example, and 7% per 10 trades is a big profit, which only a fraction of traders will ever achieve.</p><!--/$--><!--$--><p class="block core-block">The suggested strategy involves only one trade at a time due to the low initial bankroll. You can hardly make more than 10-15 trades a week with this strategy. If you conduct 2 trades per day, you’ll need 500 trading days to reach these results with the above success rate. Since every trading year has about 250 trading days, you will need 2 years of strict trading to achieve these results.</p><!--/$--><!--$--><p class="block core-block">Notice that in the above <a href="https://www.benzinga.com/money/what-is-the-3-day-rule-in-stock-trading" data-lasso-id="107188">trading rules</a>, you will need 250 trades (around half a year) to reach $500 and 360 trades (approximately 9 months) to reach $1,000 in your bank.</p><!--/$--><!--$--><p class="block core-block">You can always consider a different strategy where you trade with less risk (1-2%), invest less in a single trade (25%-30%) and open more than one trade.</p><!--/$--><!--$--><h3 class="block core-block" id="step4-start-trading">Step 4: Start Trading</h3><!--/$--><!--$--><p class="block core-block">Next, create an account. Navigate to the official website of the broker and choose the account type. Remember, you’re looking for an account that lets you trade with only $100 on margin. You’ll need to submit personal details like an email, address and phone number. You will also receive a confirmation email.</p><!--/$--><!--$--><p class="block core-block">You’ll need to send confirmation of your identity, which is a standard procedure, and you may also need to provide some income information, though this is unlikely to happen if you want to fund your account with only $100.</p><!--/$--><!--$--><p class="block core-block">After you confirm your account, you will need to fund it to trade. Use a preferred payment method to do so. Download the trading platform of your broker and log in. Make sure you adjust the leverage to the desired level.</p><!--/$--><!--$--><p class="block core-block">Navigate to the market watch and find the forex pair you want to trade. This could be the EUR/USD or the GBP/USD. Open the trading box related to the <a href="https://www.benzinga.com/money/what-is-forex" data-lasso-id="107189">forex pair</a> and choose the trading amount. Make sure you set up a stop-loss order or a trailing stop-loss to control risk.</p><!--/$--><!--$--><h2 class="block core-block" id="can-you-day-trade-with100">Can You Day Trade With $100?</h2><!--/$--><!--$--><p class="block core-block">The short answer is yes. The long answer is that it depends on the <a data-lasso-id="107190" href="https://www.benzinga.com/money/stock-investment-strategy/">strategy you plan to utilize</a> and <a href="https://www.benzinga.com/money/best-stock-brokers-in-the-us">the broker you want to use</a>.</p><!--/$--><!--$--><p class="block core-block">Technically, you can trade with a start capital of only $100 if your broker allows. However, it will never be successful if your strategy is not carefully calculated. For this reason, you should support the idea to trade with only $100 through detailed research, a thorough calculation of your strategic outcomes and strict risk management rules.</p><!--/$--><!--$--><h2 class="block core-block" id="get-started-day-trading">Get Started Day Trading</h2><!--/$--><!--$--><p class="block core-block">Day trading can be stressful for inexperienced traders. This is why some people decide to try day trading with small amounts first. For example, trading with a bankroll of only $100 is possible but will require some extra amendments to manage risk and gain a healthy profit.</p><!--/$--><!--$--><p class="block core-block">You can always try this trading approach on a demo account to see if you can handle it. A <a href="https://www.benzinga.com/money/what-is-paper-trading">demo account</a> is an excellent way to adapt to a trading platform you plan to use. For example, you can begin trading with a $100 account once you feel comfortable on the demo account.</p><!--/$--><!--$--><p class="block core-block">Looking for more resources to help you begin day trading? Check out our guides to the <a data-lasso-id="107192" href="https://www.benzinga.com/money/best-day-trading-software/">best day trading software</a>, or <a data-lasso-id="107193" href="https://www.benzinga.com/money/best-day-trading-courses/">the best day trading courses for all levels</a>.</p><!--/$--><!--$--><div class="lazyload-wrapper "><div class="min-h-[300px] md:min-h-[186px] my-4"><div class="w-full min-h-[inherit]"><div class="w-full h-full min-h-[inherit] flex items-center justify-center mx-auto rounded-md border border-gray-300 p-4 shadow"><div class="flex flex-col md:flex-row animate-pulse w-full gap-4"><div class="icon-wrapper flex items-center justify-center mx-6"><svg aria-hidden="true" class="w-16 h-16 text-gray-400" fill="currentColor" viewBox="0 0 640 512" xmlns="http://www.w3.org/2000/svg"><path d="M480 80C480 35.82 515.8 0 560 0C604.2 0 640 35.82 640 80C640 124.2 604.2 160 560 160C515.8 160 480 124.2 480 80zM0 456.1C0 445.6 2.964 435.3 8.551 426.4L225.3 81.01C231.9 70.42 243.5 64 256 64C268.5 64 280.1 70.42 286.8 81.01L412.7 281.7L460.9 202.7C464.1 196.1 472.2 192 480 192C487.8 192 495 196.1 499.1 202.7L631.1 419.1C636.9 428.6 640 439.7 640 450.9C640 484.6 612.6 512 578.9 512H55.91C25.03 512 .0006 486.1 .0006 456.1L0 456.1z"></path></svg></div><div class="paragraphs-wrapper w-full"><div class="flex-1 space-y-6 py-1"><div class="h-3 rounded bg-gray-300"></div><div class="space-y-3"><div class="grid grid-cols-3 gap-4"><div class="col-span-2 h-2 rounded bg-gray-300"></div><div class="col-span-1 h-2 rounded bg-gray-300"></div></div><div class="h-2 rounded bg-gray-300"></div><div class="h-2 rounded bg-gray-300"></div><div class="h-2 rounded bg-gray-300"></div></div></div></div></div></div></div></div></div><!--/$--><!--$--><h2 class="block core-block" id="frequently-asked-questions">Frequently Asked Questions</h2><!--/$--><!--$--><div class="sc-hTKOPA eZtxaL block"><div class="sc-kyeWiB erouxN faq-container"><div class="sc-iAMrAa eflFza faq-block"><div class="sc-eAQwYs EDDPz qa-container"><div class="qa-header"><div class="qa-letter-icon">Q</div><h3 class="font-bold question">How much can you make day trading?</h3></div><div class="qa-body"><div class="qa-letter-icon">A</div><div class="answer-container"><p>It’s possible to earn around an average 18% return monthly. But this differs from trader to trader.</p> </div></div></div><div class="sc-eAQwYs EDDPz qa-container"><div class="qa-header"><div class="qa-letter-icon">Q</div><h3 class="font-bold question">How much can I make day trading starting with $500?</h3></div><div class="qa-body"><div class="qa-letter-icon">A</div><div class="answer-container"><p>Starting with $500 gives you a median daily income of $5 to $15 on average.</p> </div></div></div><div class="sc-eAQwYs EDDPz qa-container"><div class="qa-header"><div class="qa-letter-icon">Q</div><h3 class="font-bold question">Can anyone get into day trading?</h3></div><div class="qa-body"><div class="qa-letter-icon">A</div><div class="answer-container"><p style="font-weight: 400;"><span style="font-weight: 400;">There are no specific requirements for becoming a day stock trader. However, it is crucial to have a thorough understanding &amp; knowledge of how financial markets function and be familiar with electronic trading platforms, as well as the rules and regulations that govern trading</span></p> </div></div></div></div></div></div><!--/$--><!--$--><p></p><!--/$--></div></div><div class="money-blocks-layout-wrapper"><div class="sc-hJOGhH jCVhd money-blocks-wrapper"><!--$--><div class="sc-bvBKaP gfPTAN mt-6 border rounded-md p-3"><div class="flex flex-nowrap gap-3"><div class="flex-col w-1/6"><a href="https://www.benzinga.com/money/author/luke"><img alt="Luke Jacobi" class="rounded-full" height="96" src="https://secure.gravatar.com/avatar/a7a3e4487e9cc2c28d57bae0a878c1f2?s=96&amp;d=mm&amp;r=g" width="96"/></a></div><div class="flex-col w-5/6"><a href="https://www.benzinga.com/money/author/luke"><h4>About<!-- --> <!-- -->Luke Jacobi</h4></a><div><p>Luke Jacobi is a distinguished professional known for his role as President at Benzinga, a renowned financial media outlet. With a background in business operations and management, Luke brings valuable expertise to his position, overseeing various aspects of Benzinga&#8217;s operations. His contributions play a crucial role in the company&#8217;s success, ensuring efficiency and effectiveness across different departments. Prior to his role at Benzinga, Luke has held positions that have honed his skills in leadership and strategic decision-making. 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Check out how you can start day trading with only $100 with our handy guide for 2024.","dimensions":{"authorName":"Luke Jacobi","contentType":"evergreen"},"hrefLanguage":"en","image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2020/04/22170902/ngc5rt2hmf0-768x505.jpg?width=1200\u0026height=800\u0026fit=crop","ogImage":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2020/04/22170902/ngc5rt2hmf0-768x505.jpg?width=1200\u0026height=800\u0026fit=crop","ogType":"article","robots":"","structuredData":{"pageType":"Article"},"title":"How to Become a Day Trader with $100: A Step-By-Step Guide","vertical":["Investing","Stocks"]},"post":{"id":43703,"title":"How to Become a Day Trader","post_type":"post","robots":"","intro":null,"slug":"how-to-become-a-day-trader","template":"money","canonical_link":"https://www.benzinga.com/money/how-to-become-a-day-trader","image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2020/04/22170902/ngc5rt2hmf0-768x505.jpg","taxonomies":[{"term_taxonomy_id":2,"term_id":2,"taxonomy":"verticals","description":"","parent":0,"count":3347,"term":{"term_id":2,"name":"Investing","slug":"investing"}},{"term_taxonomy_id":8,"term_id":8,"taxonomy":"page-type","description":"","parent":0,"count":3164,"term":{"term_id":8,"name":"Supporting Content","slug":"supporting-content"}},{"term_taxonomy_id":237,"term_id":237,"taxonomy":"category","description":"","parent":0,"count":29,"term":{"term_id":237,"name":"Trading","slug":"trading"}},{"term_taxonomy_id":238,"term_id":238,"taxonomy":"verticals","description":"","parent":2,"count":975,"term":{"term_id":238,"name":"Stocks","slug":"stocks"}},{"term_taxonomy_id":554,"term_id":554,"taxonomy":"author","description":"","parent":0,"count":44,"term":{"term_id":554,"name":"Damyan Diamandiev","slug":"damyan"}}],"parent":{"parent_id":43703,"parent_title":"How to Become a Day Trader","parent_link":"/money/how-to-become-a-day-trader/","current_post_id":43703,"current_post_title":"How to Become a Day Trader","child_posts":[{"id":27416,"title":"Best Day Trading Apps","link":"/money/best-day-trading-apps/"},{"id":251134,"title":"Best Day Trading Charts","link":"/money/best-day-trading-charts/"},{"id":205333,"title":"Best Stocks to Day Trade","link":"/money/best-stocks-to-day-trade/"},{"id":248003,"title":"How to Day Trade Options","link":"/money/day-trading-options/"},{"id":252146,"title":"How to Day Trade Futures","link":"/money/a-beginners-guide-to-day-trading-futures/"},{"id":11303,"title":"Best Day Trading Platforms","link":"/money/day-trading-platforms/"},{"id":28520,"title":"Best Day Trading Strategies","link":"/money/best-day-trading-strategy/"},{"id":254445,"title":"What is a Pattern Day Trader?","link":"/money/pattern-day-trader/"},{"id":28402,"title":"Day Trading vs. Swing Trading","link":"/money/day-trading-vs-swing-trading/"},{"id":323733,"title":"Stock Screeners for Day Trading","link":"/money/best-stock-screeners-for-day-trading/"},{"id":23272,"title":"Best Time of Day to Trade Stocks","link":"/money/best-time-of-the-day-to-buy-stocks/"}]},"meta":{"title":"How to Become a Day Trader with $100: A Step-By-Step Guide","description":"Looking to start day trading at a low cost? Check out how you can start day trading with only $100 with our handy guide for 2024.","image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2020/04/22170902/ngc5rt2hmf0-768x505.jpg","author":"Luke Jacobi","authorSlug":"luke","postId":43703,"publishedDate":"2024-11-13T22:31:26.000000Z","modifiedDate":"2024-11-13T22:31:58.000000Z","verifiedUserSlug":"sam-bougheddagmail-com","verifiedBy":"Sam Boughedda, Stock Market Analyst","editedUserSlug":null,"editedBy":null,"hrefLanguage":"en"},"breadcrumbs":[{"id":2,"name":"Investing","href":"/money/investing"},{"id":43703,"href":"/money/how-to-become-a-day-trader","name":"How to Become a Day Trader"}],"blocks":[{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003e\u003cstrong\u003e\u003ca data-lasso-id=\"107176\" href=\"https://www.benzinga.com/money/how-to-begin-day-trading\"\u003eDay trading\u003c/a\u003e is an effective method of investing in \u003ca data-lasso-id=\"107177\" href=\"https://www.benzinga.com/money/best-way-to-invest\"\u003efinancial markets\u003c/a\u003e. Unlike traditional investing, day trading involves opening and closing trades within the same day, using a brokerage like \u003ca href=\"https://www.benzinga.com/go/ibkr-stocks\"\u003eInteractive Brokers\u003c/a\u003e. \u003c/strong\u003e\u003c/p\u003e\n","html":"\u003cstrong\u003e\u003ca data-lasso-id=\"107176\" href=\"https://www.benzinga.com/money/how-to-begin-day-trading\"\u003eDay trading\u003c/a\u003e is an effective method of investing in \u003ca data-lasso-id=\"107177\" href=\"https://www.benzinga.com/money/best-way-to-invest\"\u003efinancial markets\u003c/a\u003e. Unlike traditional investing, day trading involves opening and closing trades within the same day, using a brokerage like \u003ca href=\"https://www.benzinga.com/go/ibkr-stocks\"\u003eInteractive Brokers\u003c/a\u003e. \u003c/strong\u003e","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eTraders profit from short-term price fluctuations and do not hold trades overnight. Day trading allows for trading in various assets such as currency, stocks, commodities and cryptocurrency. If you have limited funds or are risk-averse, you may choose to start trading with a small amount like $100.\u003c/p\u003e\n","html":"Traders profit from short-term price fluctuations and do not hold trades overnight. Day trading allows for trading in various assets such as currency, stocks, commodities and cryptocurrency. If you have limited funds or are risk-averse, you may choose to start trading with a small amount like $100.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"acf/cta-placeholder","attrs":{"name":"acf/cta-placeholder","data":{"cta_placeholder_type":"primary","cta_data":null,"has_placements":true,"placeholder_type":"primary","widget":null},"align":"","mode":"edit"},"innerBlocks":[],"innerHTML":"","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"acf/table-of-contents","attrs":{"name":"acf/table-of-contents","data":{"label":"Table of contents","headers":[{"id":"how-to-start-day-trading-with-100","level":"2","text":"How to Start Day Trading","html":"How to Start Day Trading"},{"id":"step-1-find-a-brokerage","level":"3","text":"Step 1: Find a Brokerage","html":"Step 1: Find a Brokerage"},{"id":"best-stock-brokers-for-day-trading","level":"3","text":"Best Stock Brokers for Day Trading","html":"Best Stock Brokers for Day Trading"},{"id":"best-forex-brokers-for-day-trading","level":"3","text":"Best Forex Brokers for Day Trading","html":"Best Forex Brokers for Day Trading"},{"id":"step-2-choose-securities","level":"3","text":"Step 2: Choose Securities","html":"Step 2: Choose Securities"},{"id":"step-3-determine-strategy","level":"3","text":"Step 3: Determine Strategy","html":"Step 3: Determine Strategy"},{"id":"step-4-start-trading","level":"3","text":"Step 4: Start Trading","html":"Step 4: Start Trading"},{"id":"can-you-day-trade-with-100","level":"2","text":"Can You Day Trade With $100?","html":"Can You Day Trade With $100?"},{"id":"get-started-day-trading","level":"2","text":"Get Started Day Trading","html":"Get Started Day Trading"},{"id":"frequently-asked-questions","level":"2","text":"Frequently Asked Questions","html":"Frequently Asked Questions"}],"default_hide":true,"style":"default","include_tags":[2,3]},"align":"","mode":"edit"},"innerBlocks":[],"innerHTML":"","headers":[{"id":"how-to-start-day-trading","level":"2","text":"How to Start Day Trading","html":"How to Start Day Trading"},{"id":"step1-find-a-brokerage","level":"3","text":"Step 1: Find a Brokerage","html":"Step 1: Find a Brokerage"},{"id":"best-stock-brokers-for-day-trading","level":"3","text":"Best Stock Brokers for Day Trading","html":"Best Stock Brokers for Day Trading"},{"id":"best-forex-brokers-for-day-trading","level":"3","text":"Best Forex Brokers for Day Trading","html":"Best Forex Brokers for Day Trading"},{"id":"step2-choose-securities","level":"3","text":"Step 2: Choose Securities","html":"Step 2: Choose Securities"},{"id":"step3-determine-strategy","level":"3","text":"Step 3: Determine Strategy","html":"Step 3: Determine Strategy"},{"id":"step4-start-trading","level":"3","text":"Step 4: Start Trading","html":"Step 4: Start Trading"},{"id":"can-you-day-trade-with100","level":"2","text":"Can You Day Trade With $100?","html":"Can You Day Trade With $100?"},{"id":"get-started-day-trading","level":"2","text":"Get Started Day Trading","html":"Get Started Day Trading"},{"id":"frequently-asked-questions","level":"2","text":"Frequently Asked Questions","html":"Frequently Asked Questions"}],"deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/heading","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch2 id=\"how-to-start-day-trading-with-100\"\u003eHow to Start Day Trading\u003c/h2\u003e\n","tag":"h2","id":"how-to-start-day-trading","html":"How to Start Day Trading","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eWe’ll show you what to look for in a broker, how to choose a security, how to \u003ca href=\"https://www.benzinga.com/money/best-day-trading-strategy/\" data-lasso-id=\"107178\"\u003ebuild your strategy\u003c/a\u003e and how to open your first trade.\u003c/p\u003e\n","html":"We’ll show you what to look for in a broker, how to choose a security, how to \u003ca href=\"https://www.benzinga.com/money/best-day-trading-strategy/\" data-lasso-id=\"107178\"\u003ebuild your strategy\u003c/a\u003e and how to open your first trade.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eStep 1: Find a Brokerage\u003c/h3\u003e\n","tag":"h3","id":"step1-find-a-brokerage","html":"Step 1: Find a Brokerage","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eIf you want to trade successfully with only $100, your broker needs to meet some requirements from your side.\u003c/p\u003e\n","html":"If you want to trade successfully with only $100, your broker needs to meet some requirements from your side.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003e\u003cstrong\u003eCharges:\u003c/strong\u003e It’ll be better if your broker charges you based on spread rather than on commission. Commission-based models usually have a minimum charge. Trading small amounts of a commission-based model will trigger that minimum charge for every trade.\u003c/p\u003e\n","html":"\u003cstrong\u003eCharges:\u003c/strong\u003e It’ll be better if your broker charges you based on spread rather than on commission. Commission-based models usually have a minimum charge. Trading small amounts of a commission-based model will trigger that minimum charge for every trade.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eThe spread fee is the better alternative, as it charges you based on the amount you trade and as a built-in cost.\u003c/p\u003e\n","html":"The spread fee is the better alternative, as it charges you based on the amount you trade and as a built-in cost.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003e\u003cstrong\u003eMinimum Deposit:\u003c/strong\u003e Your broker of choice should have a minimum deposit requirement of $100 or less. Otherwise, you can’t deposit just $100.\u003c/p\u003e\n","html":"\u003cstrong\u003eMinimum Deposit:\u003c/strong\u003e Your broker of choice should have a minimum deposit requirement of $100 or less. Otherwise, you can’t deposit just $100.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003e\u003cstrong\u003eLeverage and Margin:\u003c/strong\u003e If you trade with only $100, day trading price ticks are insufficient to give you reasonable earnings. Imagine you invest half of your funds in a trade, and the price moves with 0.2% in your favor:\u003c/p\u003e\n","html":"\u003cstrong\u003eLeverage and Margin:\u003c/strong\u003e If you trade with only $100, day trading price ticks are insufficient to give you reasonable earnings. Imagine you invest half of your funds in a trade, and the price moves with 0.2% in your favor:","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003e$50 x 0.002 = $0.1 profit\u003c/p\u003e\n","html":"$50 x 0.002 = $0.1 profit","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eThis is why you need to trade on \u003ca href=\"https://www.benzinga.com/money/what-is-leverage/\" data-lasso-id=\"107180\"\u003emargin with leverage\u003c/a\u003e. For example, if you are in the United States, you can trade with a maximum leverage of 50:1. Alternatively, if you are in the European Union, then your maximum leverage is 30:1.\u003c/p\u003e\n","html":"This is why you need to trade on \u003ca href=\"https://www.benzinga.com/money/what-is-leverage/\" data-lasso-id=\"107180\"\u003emargin with leverage\u003c/a\u003e. For example, if you are in the United States, you can trade with a maximum leverage of 50:1. Alternatively, if you are in the European Union, then your maximum leverage is 30:1.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eThis is due to domestic regulations. The maximum leverage is different depending on your location. In Australia, for example, the maximum leverage used to be as high as 1,500:1. However, it is now at 30:1 due to new ASIC regulations.\u003c/p\u003e\n","html":"This is due to domestic regulations. The maximum leverage is different depending on your location. In Australia, for example, the maximum leverage used to be as high as 1,500:1. However, it is now at 30:1 due to new ASIC regulations.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eHere are a few of our favorite \u003ca href=\"https://www.benzinga.com/money/best-brokers-day-trading/\" data-lasso-id=\"107181\"\u003eonline brokers for day trading\u003c/a\u003e.\u003c/p\u003e\n","html":"Here are a few of our favorite \u003ca href=\"https://www.benzinga.com/money/best-brokers-day-trading/\" data-lasso-id=\"107181\"\u003eonline brokers for day trading\u003c/a\u003e.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eBest Stock Brokers for Day Trading\u003c/h3\u003e\n","tag":"h3","id":"best-stock-brokers-for-day-trading","html":"Best Stock Brokers for Day Trading","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eThe top day trading platforms offer advanced features and functionality. Many platforms cater to both novice and experienced traders, with options like free stock trading, robust desktop platforms and no Pattern Day Trading (PDT) rule restrictions. These platforms prioritize execution speed, ease of use, pricing and reliability to support successful day trading strategies.\u003c/p\u003e\n","html":"The top day trading platforms offer advanced features and functionality. Many platforms cater to both novice and experienced traders, with options like free stock trading, robust desktop platforms and no Pattern Day Trading (PDT) rule restrictions. These platforms prioritize execution speed, ease of use, pricing and reliability to support successful day trading strategies.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"acf/compare-products","attrs":{"name":"acf/compare-products","data":{"compare_products":[218220,83692,175537,38063],"style":"","show_product_names":false,"opened":false},"align":"","mode":"edit"},"innerBlocks":[],"innerHTML":"","products":[{"id":218220,"image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2017/07/15102926/ib-logo-stacked-1200x627-1-768x401.png","square_image":null,"best_for":"Active and Global Traders","teaser":"","filters":[],"name":"IBKR Stocks","link":"https://www.benzinga.com/go/ibkr-stocks","rating":5,"review":"https://www.benzinga.com/money/interactive-brokers-review","insurance_types_of_plans":"","hide_securely_through":false,"trust":"Securely through Interactive Brokers’ website","current_promotion":null,"disclosure":"","button_text":"get started","product_badge_image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2022/12/14143408/Best-Day-Trading-Software-Interactive-Brokers.png","go_link_id":218219,"company_id":107,"company_name":"Interactive Brokers","tune_offer_id":"","go_link_dofollow":0,"details":{"desc":"\u003cspan style=\"font-weight: 400;\"\u003eInteractive Brokers is a comprehensive trading platform that gives you access to a massive range of securities at affordable prices. You can buy assets from all around the world from the comfort of your home or office with access to over 150 global markets. Options, futures, forex and fund trading are also available, and most traders won’t pay a commission on any purchase or sale.  \u003c/span\u003e\r\n\r\n\u003cspan style=\"font-weight: 400;\"\u003eIBKR is geared primarily toward experienced traders and investors but now with the availability of free trades with IBKR Lite, casual traders can also acclimate to IBKR’s offerings.\u003c/span\u003e","pros":["IB SmartRouting provides significant price improvement vs. industry","Fractional trading allows investing regardless of share price","Industry's lowest margin rates","Earn more by lending your fuly-paid shares"],"cons":["Beginner investors might prefer a broker that offers a bit more hand-holding and educational resources"],"best_for":["Access to international markets","Active traders","Detailed mobile app that makes trading simple","Wide range of available account types and tradeable assets"],"custom_sec":[]},"phone":"","data":{}},{"id":83692,"image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2020/09/11085252/IMG_3829-768x617.jpeg","square_image":null,"best_for":"Traders of all levels","teaser":"","filters":[],"name":"Moomoo","link":"https://www.benzinga.com/go/moomoo","rating":4.5,"review":"https://www.benzinga.com/money/moomoo-review","insurance_types_of_plans":"","hide_securely_through":false,"trust":"securely through Moomoo's website","current_promotion":"","disclosure":"","button_text":"get started","product_badge_image":false,"go_link_id":88574,"company_id":83690,"company_name":"Moomoo","tune_offer_id":"","go_link_dofollow":0,"details":{"desc":"Investing is a long-term journey, and moomoo can help guide investors of all levels every step of the way. Utilized by over 21 million users worldwide - including in the US, Singapore, Australia, Japan, Malaysia and Canada - moomoo is an investment and trading platform that empowers investors with pro-grade, easy-to-use tools, data and insights.\r\n\r\nmoomoo provides advanced charting tools, technical analytics and Level 2 data for funded accounts, so investors have the resources to make more informed investment decisions. Users can access educational materials and interactive events, as well as share and learn through the inline community.\r\n\r\nWith a low-cost, competitive fee structure, moomoo can work for all investors.","pros":["Equity and index options trading","Commission free trading for US options, stocks and ETFs and 6.8% margin rate","Wealth of free options tools and features, including customizable options chain, options calculator, unusual options activity, implied volatility analysis, 13 options strategies and 0 days to expiration (0DTE) options by volume","Free Level 2 data for funded accounts","Advanced charting tools with 100+ indicators, 37+ drawing tools and 20 candle patterns","No minimum deposit to open an account","24/7 online chat support","5.1% APY in Cash Sweep program for new and qualified users"],"cons":["Does not support crypto","Does not support retirement accounts or mutual funds"],"best_for":["Novices","Intermediate and advanced traders","Active traders"],"custom_sec":[]},"phone":"","data":{}},{"id":175537,"image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2021/06/20103048/CP-logo-BLACK-LARGE-768x395.png","square_image":null,"best_for":"Momentum traders","teaser":"","filters":[],"name":"Centerpoint Securities","link":"https://www.benzinga.com/go/centerpoint-securities-content","rating":4.5,"review":"https://www.benzinga.com/money/centerpoint-securities-review","insurance_types_of_plans":"","hide_securely_through":false,"trust":"securely through Centerpoint Securities's website","current_promotion":null,"disclosure":"","button_text":"get started","product_badge_image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2022/03/14142629/Best-Broker-for-Sophisticated-Traders-Centerpoint.png","go_link_id":261566,"company_id":175540,"company_name":"CenterPoint Securities","tune_offer_id":"","go_link_dofollow":0,"details":{"desc":"\u003cspan style=\"font-weight: 400;\"\u003eCenterPoint Securities is ideal for active traders who demand access to advanced tools and services. While investors and casual traders are likely to be content with the basic offerings of traditional online brokerages, active traders will benefit from CenterPoint’s suite of advanced trading tools. If you value execution quality, access to short inventory, advanced trading platforms, and accessible customer service, CenterPoint is an excellent choice.\u003c/span\u003e","pros":["Unrivaled access to short inventory","Flexible order routing for improved executions","Discounts for active traders","Advanced platform with fast executions","Reliable customer service"],"cons":["Not designed for beginner or low-volume traders"],"best_for":["Intermediate to Advanced traders","High-volume traders","Momentum traders","Short sellers"],"custom_sec":[]},"phone":"","data":{}},{"id":38063,"image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2019/05/20154335/Webull.png","square_image":null,"best_for":"Active Traders","teaser":"","filters":[],"name":"Webull","link":"https://www.benzinga.com/go/webull-how-to-buy","rating":4,"review":"https://www.benzinga.com/money/webull-review","insurance_types_of_plans":"","hide_securely_through":false,"trust":"securely through Webull's app","current_promotion":"","disclosure":"","button_text":"get started","product_badge_image":false,"go_link_id":36927,"company_id":38061,"company_name":"Webull","tune_offer_id":"","go_link_dofollow":0,"details":{"desc":"Webull is a commission-free trading platform designed with both beginner and advanced investors in mind. Offering an extensive range of assets like stocks, ETFs, and futures, Webull makes it easy for users to manage their investments through a highly intuitive interface. With educational resources, paper trading options, and no minimum account balance required, Webull caters to those looking to start investing without high upfront costs. The platform’s mobile app ensures that users can trade anytime, anywhere, making it a flexible choice for those with busy lifestyles. Webull’s customer service options are limited, and the platform may feel overwhelming to those completely new to investing.","pros":["No commissions on trades","Extensive range of tradable assets","Easy-to-use mobile app"],"cons":["Limited customer service options","Learning curve for complete beginners"],"best_for":["Commission-free trading","Mobile and desktop trading","Beginners and experienced traders alike"],"custom_sec":[]},"phone":"","data":{}}],"deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eBest Forex Brokers for Day Trading\u003c/h3\u003e\n","tag":"h3","id":"best-forex-brokers-for-day-trading","html":"Best Forex Brokers for Day Trading","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003e\u003ca href=\"https://www.benzinga.com/money/what-are-cfds-contract-for-differences\" data-lasso-id=\"107182\"\u003eCFDs\u003c/a\u003e are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.\u003c/p\u003e\n","html":"\u003ca href=\"https://www.benzinga.com/money/what-are-cfds-contract-for-differences\" data-lasso-id=\"107182\"\u003eCFDs\u003c/a\u003e are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eInvestors should keep in mind that 70% of all CFD accounts lose money.\u003c/p\u003e\n","html":"Investors should keep in mind that 70% of all CFD accounts lose money.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eSpread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.\u003c/p\u003e\n","html":"Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"acf/compare-products","attrs":{"name":"acf/compare-products","data":{"compare_products":[250943,24016,37994],"style":"","show_product_names":false,"opened":false},"align":"","mode":"edit"},"innerBlocks":[],"innerHTML":"","products":[{"id":250943,"image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2018/12/16153923/plus500_source-5c5b58f746e0fb0001ca8550-768x294.png","square_image":null,"best_for":"best Overall CFD Broker","teaser":"","filters":[],"name":"Plus500 CFD","link":"https://www.benzinga.com/go/plus500-cfd","rating":4,"review":"https://www.benzinga.com/money/plus500-review","insurance_types_of_plans":"","hide_securely_through":false,"trust":"securely through Plus500 CFD's website","current_promotion":"","disclosure":"\u003cp\u003e82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.\u003c/p\u003e\n","button_text":"","product_badge_image":false,"go_link_id":302389,"company_id":27390,"company_name":"Plus500","tune_offer_id":"","go_link_dofollow":0,"details":{"desc":"\u003cspan style=\"font-weight: 400;\"\u003e\u003cstrong\u003e82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.\u003c/strong\u003e\u003c/span\u003e\r\n\r\n\u003cspan style=\"font-weight: 400;\"\u003ePlus500 is a CFD broker based in Israel. CFDs are similar to binary options in the U.S. where traders take all-or-nothing speculation on the prices of certain securities like indices, commodities or currencies. While not legal to trade in the U.S., CFDs are legal in many jurisdictions across the globe and Plus500 offers a wide array of tradable markets using these instruments. \u003c/span\u003e\r\n\r\n\u003cspan style=\"font-weight: 400;\"\u003ePlus500 doesn’t charge commission and only profits off the spread, which is the difference between the buy and sell price of a specific security. But Plus500 is not a broker for beginners — the education materials are sparse and CFDs are risky derivatives capable of sapping out all of an investor’s capital. Only trade these instruments if you understand how they operate and the risks involved with buying and selling them.\u003c/span\u003e","pros":["Great mobile app","Low spreads and commissions","Unlimited demo account"],"cons":["Only derivatives are available","Not open to U.S. residents"],"best_for":["Traders looking for a smooth mobile experience"],"custom_sec":[]},"phone":"","data":{}},{"id":24016,"image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2018/04/28162111/forex.com-logo-768x180.png","square_image":null,"best_for":"Earning Cashback on Trades","teaser":"#1 Rated Forex Broker","filters":{"account_minimum":100,"pairs_offered":80,"minimum_trade_size":[0,1],"spread":0,"commisions":[7,100]},"name":"Forex.com","link":"https://www.benzinga.com/go/forex-com-us","rating":5,"review":"https://www.benzinga.com/money/forex-com-review","insurance_types_of_plans":"","hide_securely_through":false,"trust":"securely through Forex.com's website","current_promotion":"","disclosure":"","button_text":"get started","product_badge_image":false,"go_link_id":73695,"company_id":16041,"company_name":"FOREX.com","tune_offer_id":"","go_link_dofollow":0,"details":{"desc":"FOREX.com is a highly trusted global broker for forex and CFD traders. With a massive range of tradable currencies, low account minimums and an impressive trading platform, FOREX.com is an excellent choice for traders searching for a home base for their currency trading. New traders and seasoned veterans alike will love FOREX.com’s extensive education and research center that provides free, informative forex trading courses at multiple skill levels.\r\n\r\nFOREX.com is regulated by Commodity Futures Trading Commission (CFTC) and member of the National Futures Association (NFA) in the U.S. They also are regulated by the Financial Conduct Authority (FCA) in the UK among other regulators including CIRO, ASIC \u003ca href=\"https://www.forex.com/en-us/about-us/regulation/?cid=0010077636\u0026amp;gad_source=1\u0026amp;gclid=Cj0KCQjwltKxBhDMARIsAG8KnqWV0AEDqfvIgNhbE_5QA77JbENRv4jbyp3G8e9NE-twUHXcrvOpdXIaArJFEALw_wcB\u0026amp;gclsrc=aw.ds\"\u003eand more\u003c/a\u003e.","pros":["Up to 5% cash back of the initial deposit","80+ technical indicators","Leverage available up to 50:1 for U.S. traders","Exclusive trading tools including Trading Central, NinjaTrade, Smart Signals, Performance Analytics and Capitalise.ai","Trade to your full capability with the mobile app","Live market analysis, VPS hosting, IRA accounts, corporate accounts, RAW pricing","EUR/USD spread as little as 0.0 and low commissions","30 indicators for technical analysis, nine timeframes and graphical objects such as Line Studies and Shapes on MT4","Quality execution with one-swipe trading, real-time trade \u0026 order alerts and full account management features"],"cons":["No negative balance protection for U.S. clients","No guaranteed stop-loss orders for U.S. clients"],"best_for":["MetaTrader 4 and 5 users","Beginner forex traders","Active forex traders","Demo account","Customizable charts with 14 time intervals and multiple time charts"],"custom_sec":[{"label":"Currency Pairs","value":"80+"},{"label":"Account Minimum","value":"$100"},{"label":"Spreads","value":"As low as 0.0 pips"},{"label":"Inactivity Fees","value":"$15 per month inactivity fee after no trading activity for 12 months"},{"label":"Commissions","value":"Fixed $7 USD per $100k USD traded"},{"label":"Supports US Traders?","value":"Yes"},{"label":"Trading Platform","value":"MetaTrader 4, MetaTrader 5, NinjaTrader, TradingView, Trading Central, Web Trader, Mobile Trading App and Desktop"}]},"phone":"","data":{}},{"id":37994,"image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2019/05/17152624/tastyfx.png","square_image":null,"best_for":"$10,000 Funding Bonus","teaser":"","filters":{"account_minimum":250,"pairs_offered":82,"spread":0.8,"commisions":0},"name":"tastyfx","link":"https://www.benzinga.com/go/tastyfx","rating":5,"review":"https://www.benzinga.com/money/tastyfx-review","insurance_types_of_plans":"","hide_securely_through":false,"trust":"securely through tastyfx's website","current_promotion":"","disclosure":"\u003cp\u003eForex trading involves risk. Losses can exceed deposits.\u003c/p\u003e\n","button_text":"get started","product_badge_image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2019/05/14142817/Best-Brokerage-for-Forex-IG.png","go_link_id":324750,"company_id":37995,"company_name":"tastyfx (formerly IG)","tune_offer_id":"","go_link_dofollow":0,"details":{"desc":"tastyfx is a forex broker that combines advanced trading tools with an easy-to-use platform. Whether you're a seasoned trader or just starting, tastyfx has something for everyone, from competitive spreads to customizable trading strategies.The educational resources are impressive and with its transparent fee structure, tastyfx positions itself as a strong contender in the forex brokerage market.","pros":["Competitive forex spreads","Customizable trading platform and fast execution","Comprehensive educational resources","Highly trusted","Funding bonus up to $10,000 (funding and trading conditions apply)"],"cons":["Only supports U.S. traders","Limited copy trading capabilities"],"best_for":["Beginner forex traders","Traders seeking low spreads","Traders who want custom strategies"],"custom_sec":[{"label":"Currency Pairs","value":"82"},{"label":"Account Minimum","value":"$250"},{"label":"Spreads","value":"From 0.8"},{"label":"Inactivity Fees","value":"$0\r\n"},{"label":"Commissions","value":"None"},{"label":"Supports US Traders?","value":"Yes"},{"label":"Trading Platform","value":"TradingView, MetaTrader 4 and ProRealTime"}]},"phone":"","data":{}}],"deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eStep 2: Choose Securities\u003c/h3\u003e\n","tag":"h3","id":"step2-choose-securities","html":"Step 2: Choose Securities","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eAim for higher gains when trading small amounts of money; otherwise, your account will grow at a very slow pace.\u003c/p\u003e\n","html":"Aim for higher gains when trading small amounts of money; otherwise, your account will grow at a very slow pace.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eYou can achieve higher gains on securities with higher volatility. Since the currency market is the biggest in the world, its trading volume causes very high volatility. Because of this, currency pairs are suitable securities to trade with a small amount of money.\u003c/p\u003e\n","html":"You can achieve higher gains on securities with higher volatility. Since the currency market is the biggest in the world, its trading volume causes very high volatility. Because of this, currency pairs are suitable securities to trade with a small amount of money.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eBut which Forex pairs should you trade? Since your account is very small, you need to keep costs and fees as low as possible. You can keep the costs down by trading well-known forex majors:\u003c/p\u003e\n","html":"But which Forex pairs should you trade? Since your account is very small, you need to keep costs and fees as low as possible. You can keep the costs down by trading well-known forex majors:","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/list","attrs":{"data":[]},"innerBlocks":[{"blockName":"core/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n\u003cli\u003eEUR/USD\u003c/li\u003e\n","innerContent":["\n\u003cli\u003eEUR/USD\u003c/li\u003e\n"]},{"blockName":"core/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n\u003cli\u003eGBP/USD\u003c/li\u003e\n","innerContent":["\n\u003cli\u003eGBP/USD\u003c/li\u003e\n"]},{"blockName":"core/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n\u003cli\u003eUSD/JPY\u003c/li\u003e\n","innerContent":["\n\u003cli\u003eUSD/JPY\u003c/li\u003e\n"]},{"blockName":"core/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n\u003cli\u003eAUD/USD\u003c/li\u003e\n","innerContent":["\n\u003cli\u003eAUD/USD\u003c/li\u003e\n"]},{"blockName":"core/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n\u003cli\u003eNZD/USD\u003c/li\u003e\n","innerContent":["\n\u003cli\u003eNZD/USD\u003c/li\u003e\n"]},{"blockName":"core/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n\u003cli\u003eUSD/CAD\u003c/li\u003e\n","innerContent":["\n\u003cli\u003eUSD/CAD\u003c/li\u003e\n"]}],"innerHTML":"\u003cul\u003e\u003cli\u003eEUR/USD\u003c/li\u003e\u003cli\u003eGBP/USD\u003c/li\u003e\u003cli\u003eUSD/JPY\u003c/li\u003e\u003cli\u003eAUD/USD\u003c/li\u003e\u003cli\u003eNZD/USD\u003c/li\u003e\u003cli\u003eUSD/CAD\u003c/li\u003e\u003c/ul\u003e","tag":"ul","html":"\u003cli\u003eEUR/USD\u003c/li\u003e\u003cli\u003eGBP/USD\u003c/li\u003e\u003cli\u003eUSD/JPY\u003c/li\u003e\u003cli\u003eAUD/USD\u003c/li\u003e\u003cli\u003eNZD/USD\u003c/li\u003e\u003cli\u003eUSD/CAD\u003c/li\u003e","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eThe major currency pairs are the ones that cost less in terms of spread. But, at the same time, they are the most volatile forex pairs.\u003c/p\u003e\n","html":"The major currency pairs are the ones that cost less in terms of spread. But, at the same time, they are the most volatile forex pairs.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eStep 3: Determine Strategy\u003c/h3\u003e\n","tag":"h3","id":"step3-determine-strategy","html":"Step 3: Determine Strategy","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eYour strategy is crucial for your success with such a small amount of money for trading. You need to consider when to trade, the amount you’ll invest in each trade, when you’ll enter a trade, how you will manage your risk and when you’ll exit a trade.\u003c/p\u003e\n","html":"Your strategy is crucial for your success with such a small amount of money for trading. You need to consider when to trade, the amount you’ll invest in each trade, when you’ll enter a trade, how you will manage your risk and when you’ll exit a trade.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/heading","attrs":{"level":4,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch4\u003eLearn More About Trading\u003c/h4\u003e\n","tag":"h4","id":"learn-more-about-trading","html":"Learn More About Trading","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eAs you determine a trading strategy, you should endeavor to learn as much as possible. Look into research and alert platforms like Eagle Investors. You can register for alerts from active traders or even join a chatroom with other traders. You can \u003ca data-lasso-id=\"107183\" href=\"https://www.benzinga.com/go/eagle-investors\"\u003eregister for Eagle Investors here\u003c/a\u003e. Eagle Investors even shares statistics related to its recommendations, demonstrating how well the platform works.\u003c/p\u003e\n","html":"As you determine a trading strategy, you should endeavor to learn as much as possible. Look into research and alert platforms like Eagle Investors. You can register for alerts from active traders or even join a chatroom with other traders. You can \u003ca data-lasso-id=\"107183\" href=\"https://www.benzinga.com/go/eagle-investors\"\u003eregister for Eagle Investors here\u003c/a\u003e. Eagle Investors even shares statistics related to its recommendations, demonstrating how well the platform works.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eIf you want to take a course, try Udemy’s Day Trading and Swing Trading Strategies for Stocks. You can \u003ca data-lasso-id=\"107184\" href=\"https://www.benzinga.com/go/udemy\"\u003eregister here\u003c/a\u003e to gain access to the course, videos and documentation. The course teaches you how to build a trading strategy, interpret market activity and more. You even get a certificate when the course is completed.\u003c/p\u003e\n","html":"If you want to take a course, try Udemy’s Day Trading and Swing Trading Strategies for Stocks. You can \u003ca data-lasso-id=\"107184\" href=\"https://www.benzinga.com/go/udemy\"\u003eregister here\u003c/a\u003e to gain access to the course, videos and documentation. The course teaches you how to build a trading strategy, interpret market activity and more. You even get a certificate when the course is completed.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/heading","attrs":{"level":4,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch4\u003eWhen to Trade\u003c/h4\u003e\n","tag":"h4","id":"when-to-trade","html":"When to Trade","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003e\u003ca data-lasso-id=\"107185\" href=\"https://www.benzinga.com/money/best-time-of-the-day-to-buy-stocks\"\u003eA good time to trade\u003c/a\u003e is during market session overlaps. For example, the EUR/USD and the GBP/USD are most volatile in the time when the London markets and the U.S. markets are both open.\u003c/p\u003e\n","html":"\u003ca data-lasso-id=\"107185\" href=\"https://www.benzinga.com/money/best-time-of-the-day-to-buy-stocks\"\u003eA good time to trade\u003c/a\u003e is during market session overlaps. For example, the EUR/USD and the GBP/USD are most volatile in the time when the London markets and the U.S. markets are both open.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eThe U.K. and Europe conduct transactions in GBP and EUR, and the U.S. conducts transactions in USD. The transactions, and supply and demand of these currencies, make their prices fluctuate. Since the GBP, the EUR and the USD fluctuate, the GBP/USD and the EUR/USD forex pairs are very volatile at this time.\u003c/p\u003e\n","html":"The U.K. and Europe conduct transactions in GBP and EUR, and the U.S. conducts transactions in USD. The transactions, and supply and demand of these currencies, make their prices fluctuate. Since the GBP, the EUR and the USD fluctuate, the GBP/USD and the EUR/USD forex pairs are very volatile at this time.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/heading","attrs":{"level":4,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch4\u003eAmount per Trade\u003c/h4\u003e\n","tag":"h4","id":"amount-per-trade","html":"Amount per Trade","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eThe best approach is to invest a large amount of your $100 in each trade and have no more than a single trade open. This way, you can hit a single trade in a big way instead of executing multiple small trades at once. For example, you can invest 60% of your bankroll in each trade and, at the same time, have no more than one trade open.\u003c/p\u003e\n","html":"The best approach is to invest a large amount of your $100 in each trade and have no more than a single trade open. This way, you can hit a single trade in a big way instead of executing multiple small trades at once. For example, you can invest 60% of your bankroll in each trade and, at the same time, have no more than one trade open.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/heading","attrs":{"level":4,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch4\u003eWhen to Enter the Market\u003c/h4\u003e\n","tag":"h4","id":"when-to-enter-the-market","html":"When to Enter the Market","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eYour trading strategy should suggest the conditions to enter the market. You can use various \u003ca data-lasso-id=\"107186\" href=\"https://www.benzinga.com/money/how-to-read-forex-charts/\"\u003etechnical indicators\u003c/a\u003e to do this. Some of these indicators are:\u003c/p\u003e\n","html":"Your trading strategy should suggest the conditions to enter the market. You can use various \u003ca data-lasso-id=\"107186\" href=\"https://www.benzinga.com/money/how-to-read-forex-charts/\"\u003etechnical indicators\u003c/a\u003e to do this. Some of these indicators are:","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/list","attrs":{"data":[]},"innerBlocks":[{"blockName":"core/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n\u003cli\u003e\u003ca href=\"https://www.benzinga.com/money/candlestick-types-traders-should-know\"\u003eCandle patterns\u003c/a\u003e\u003c/li\u003e\n","innerContent":["\n\u003cli\u003e\u003ca href=\"https://www.benzinga.com/money/candlestick-types-traders-should-know\"\u003eCandle patterns\u003c/a\u003e\u003c/li\u003e\n"]},{"blockName":"core/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n\u003cli\u003e\u003ca href=\"https://www.benzinga.com/money/stock-chart-patterns\"\u003eChart patterns\u003c/a\u003e\u003c/li\u003e\n","innerContent":["\n\u003cli\u003e\u003ca href=\"https://www.benzinga.com/money/stock-chart-patterns\"\u003eChart patterns\u003c/a\u003e\u003c/li\u003e\n"]},{"blockName":"core/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n\u003cli\u003e\u003ca href=\"https://www.benzinga.com/money/oscillator-indicators-trading\"\u003eOscillators\u003c/a\u003e\u003c/li\u003e\n","innerContent":["\n\u003cli\u003e\u003ca href=\"https://www.benzinga.com/money/oscillator-indicators-trading\"\u003eOscillators\u003c/a\u003e\u003c/li\u003e\n"]},{"blockName":"core/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n\u003cli\u003eMomentum\u003c/li\u003e\n","innerContent":["\n\u003cli\u003eMomentum\u003c/li\u003e\n"]},{"blockName":"core/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n\u003cli\u003eVolume\u003c/li\u003e\n","innerContent":["\n\u003cli\u003eVolume\u003c/li\u003e\n"]},{"blockName":"core/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n\u003cli\u003eVolatility\u003c/li\u003e\n","innerContent":["\n\u003cli\u003eVolatility\u003c/li\u003e\n"]}],"innerHTML":"\u003cul\u003e\u003cli\u003e\u003ca href=\"https://www.benzinga.com/money/candlestick-types-traders-should-know\"\u003eCandle patterns\u003c/a\u003e\u003c/li\u003e\u003cli\u003e\u003ca href=\"https://www.benzinga.com/money/stock-chart-patterns\"\u003eChart patterns\u003c/a\u003e\u003c/li\u003e\u003cli\u003e\u003ca href=\"https://www.benzinga.com/money/oscillator-indicators-trading\"\u003eOscillators\u003c/a\u003e\u003c/li\u003e\u003cli\u003eMomentum\u003c/li\u003e\u003cli\u003eVolume\u003c/li\u003e\u003cli\u003eVolatility\u003c/li\u003e\u003c/ul\u003e","tag":"ul","html":"\u003cli\u003e\u003ca href=\"https://www.benzinga.com/money/candlestick-types-traders-should-know\"\u003eCandle patterns\u003c/a\u003e\u003c/li\u003e\u003cli\u003e\u003ca href=\"https://www.benzinga.com/money/stock-chart-patterns\"\u003eChart patterns\u003c/a\u003e\u003c/li\u003e\u003cli\u003e\u003ca href=\"https://www.benzinga.com/money/oscillator-indicators-trading\"\u003eOscillators\u003c/a\u003e\u003c/li\u003e\u003cli\u003eMomentum\u003c/li\u003e\u003cli\u003eVolume\u003c/li\u003e\u003cli\u003eVolatility\u003c/li\u003e","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eYou can use these indicators to determine specific market conditions and to identify trends. Identifying and riding a trend means you can aim for high returns.\u003c/p\u003e\n","html":"You can use these indicators to determine specific market conditions and to identify trends. Identifying and riding a trend means you can aim for high returns.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/heading","attrs":{"level":4,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch4\u003eRisk Management\u003c/h4\u003e\n","tag":"h4","id":"risk-management","html":"Risk Management","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eWhen you’re trading in normal conditions with a comfortably high amount of money, you shouldn’t risk more than 2% of your capital per trade.\u003c/p\u003e\n","html":"When you’re trading in normal conditions with a comfortably high amount of money, you shouldn’t risk more than 2% of your capital per trade.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eHowever, since you have only $100, you can take a higher risk as your losses are limited to what you have in your account. Therefore, a risk of 3% per trade is reasonable for these trading conditions.\u003c/p\u003e\n","html":"However, since you have only $100, you can take a higher risk as your losses are limited to what you have in your account. Therefore, a risk of 3% per trade is reasonable for these trading conditions.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eThree percent risk per trade means $100 x 0.03 = $3 maximum risk in each deal. You can trade with a maximum leverage of 50:1 in the U.S. This will give you a total buying power of 50 x $100 = $5,000.\u003c/p\u003e\n","html":"Three percent risk per trade means $100 x 0.03 = $3 maximum risk in each deal. You can trade with a maximum leverage of 50:1 in the U.S. This will give you a total buying power of 50 x $100 = $5,000.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eIf you invest 60% of your bank in each trade, this is $3,000 per trade. Your stop-loss order should be at a percentage distance from your entry price equal to 3/ 3,000 = 0.001 or 0.1%. In other words, if you buy the EUR/USD at 1.1450, your stop-loss order should stay 0.1% below the entry price.\u003c/p\u003e\n","html":"If you invest 60% of your bank in each trade, this is $3,000 per trade. Your stop-loss order should be at a percentage distance from your entry price equal to 3/ 3,000 = 0.001 or 0.1%. In other words, if you buy the EUR/USD at 1.1450, your stop-loss order should stay 0.1% below the entry price.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eYou can calculate it this way:\u003c/p\u003e\n","html":"You can calculate it this way:","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003e1.1450 x (1 – 0.001) = 1.1439\u003c/p\u003e\n","html":"1.1450 x (1 – 0.001) = 1.1439","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003e1.1439 is the level of your stop-loss order once you take these conditions into consideration.\u003c/p\u003e\n","html":"1.1439 is the level of your stop-loss order once you take these conditions into consideration.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/heading","attrs":{"level":4,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch4\u003eConditions to Exit a Trade\u003c/h4\u003e\n","tag":"h4","id":"conditions-to-exit-a-trade","html":"Conditions to Exit a Trade","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eThe $100 bankroll trading requires a more aggressive approach, so here are some different exit rules.\u003c/p\u003e\n","html":"The $100 bankroll trading requires a more aggressive approach, so here are some different exit rules.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eUse a \u003ca href=\"https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins-15\"\u003etrailing stop-loss order\u003c/a\u003e instead of a regular one. Still stick to the same risk management rules, but with a trailing stop. Catching a trend will put profit aside every time the market ticks in your favor, and if you manage to catch a big spike, then the trailing stop will adjust to the rise in price, hopefully increasing your profit.\u003c/p\u003e\n","html":"Use a \u003ca href=\"https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins-15\"\u003etrailing stop-loss order\u003c/a\u003e instead of a regular one. Still stick to the same risk management rules, but with a trailing stop. Catching a trend will put profit aside every time the market ticks in your favor, and if you manage to catch a big spike, then the trailing stop will adjust to the rise in price, hopefully increasing your profit.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eIn this case, you will only exit the market if the price hits your stop, and you will stay in the market as long as it is trending in your favor in these kind of financial services.\u003c/p\u003e\n","html":"In this case, you will only exit the market if the price hits your stop, and you will stay in the market as long as it is trending in your favor in these kind of financial services.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/heading","attrs":{"level":4,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch4\u003eSuccess Rate and Profit-Loss Ratio\u003c/h4\u003e\n","tag":"h4","id":"success-rate-and-profit--loss-ratio","html":"Success Rate and Profit-Loss Ratio","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eIf you manage to get a 3:1 profit-loss ratio with a 30% success rate, and you risk $3 per trade aiming for $9, succeeding in only 30% of the trades will generate around 7% profit per 10 trades using the above rules. Here’s how your account will look after 1,000 trades:\u003c/p\u003e\n","html":"If you manage to get a 3:1 profit-loss ratio with a 30% success rate, and you risk $3 per trade aiming for $9, succeeding in only 30% of the trades will generate around 7% profit per 10 trades using the above rules. Here’s how your account will look after 1,000 trades:","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eIf your account grows by 7% per 10 trades, your $100 bankroll will grow to more than $80,000 after 1,000 trades. But, of course, this is a very straightforward example, and 7% per 10 trades is a big profit, which only a fraction of traders will ever achieve.\u003c/p\u003e\n","html":"If your account grows by 7% per 10 trades, your $100 bankroll will grow to more than $80,000 after 1,000 trades. But, of course, this is a very straightforward example, and 7% per 10 trades is a big profit, which only a fraction of traders will ever achieve.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eThe suggested strategy involves only one trade at a time due to the low initial bankroll. You can hardly make more than 10-15 trades a week with this strategy. If you conduct 2 trades per day, you’ll need 500 trading days to reach these results with the above success rate. Since every trading year has about 250 trading days, you will need 2 years of strict trading to achieve these results.\u003c/p\u003e\n","html":"The suggested strategy involves only one trade at a time due to the low initial bankroll. You can hardly make more than 10-15 trades a week with this strategy. If you conduct 2 trades per day, you’ll need 500 trading days to reach these results with the above success rate. Since every trading year has about 250 trading days, you will need 2 years of strict trading to achieve these results.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eNotice that in the above \u003ca href=\"https://www.benzinga.com/money/what-is-the-3-day-rule-in-stock-trading\" data-lasso-id=\"107188\"\u003etrading rules\u003c/a\u003e, you will need 250 trades (around half a year) to reach $500 and 360 trades (approximately 9 months) to reach $1,000 in your bank.\u003c/p\u003e\n","html":"Notice that in the above \u003ca href=\"https://www.benzinga.com/money/what-is-the-3-day-rule-in-stock-trading\" data-lasso-id=\"107188\"\u003etrading rules\u003c/a\u003e, you will need 250 trades (around half a year) to reach $500 and 360 trades (approximately 9 months) to reach $1,000 in your bank.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eYou can always consider a different strategy where you trade with less risk (1-2%), invest less in a single trade (25%-30%) and open more than one trade.\u003c/p\u003e\n","html":"You can always consider a different strategy where you trade with less risk (1-2%), invest less in a single trade (25%-30%) and open more than one trade.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eStep 4: Start Trading\u003c/h3\u003e\n","tag":"h3","id":"step4-start-trading","html":"Step 4: Start Trading","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eNext, create an account. Navigate to the official website of the broker and choose the account type. Remember, you’re looking for an account that lets you trade with only $100 on margin. You’ll need to submit personal details like an email, address and phone number. You will also receive a confirmation email.\u003c/p\u003e\n","html":"Next, create an account. Navigate to the official website of the broker and choose the account type. Remember, you’re looking for an account that lets you trade with only $100 on margin. You’ll need to submit personal details like an email, address and phone number. You will also receive a confirmation email.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eYou’ll need to send confirmation of your identity, which is a standard procedure, and you may also need to provide some income information, though this is unlikely to happen if you want to fund your account with only $100.\u003c/p\u003e\n","html":"You’ll need to send confirmation of your identity, which is a standard procedure, and you may also need to provide some income information, though this is unlikely to happen if you want to fund your account with only $100.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eAfter you confirm your account, you will need to fund it to trade. Use a preferred payment method to do so. Download the trading platform of your broker and log in. Make sure you adjust the leverage to the desired level.\u003c/p\u003e\n","html":"After you confirm your account, you will need to fund it to trade. Use a preferred payment method to do so. Download the trading platform of your broker and log in. Make sure you adjust the leverage to the desired level.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eNavigate to the market watch and find the forex pair you want to trade. This could be the EUR/USD or the GBP/USD. Open the trading box related to the \u003ca href=\"https://www.benzinga.com/money/what-is-forex\" data-lasso-id=\"107189\"\u003eforex pair\u003c/a\u003e and choose the trading amount. Make sure you set up a stop-loss order or a trailing stop-loss to control risk.\u003c/p\u003e\n","html":"Navigate to the market watch and find the forex pair you want to trade. This could be the EUR/USD or the GBP/USD. Open the trading box related to the \u003ca href=\"https://www.benzinga.com/money/what-is-forex\" data-lasso-id=\"107189\"\u003eforex pair\u003c/a\u003e and choose the trading amount. Make sure you set up a stop-loss order or a trailing stop-loss to control risk.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/heading","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch2\u003eCan You Day Trade With $100?\u003c/h2\u003e\n","tag":"h2","id":"can-you-day-trade-with100","html":"Can You Day Trade With $100?","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eThe short answer is yes. The long answer is that it depends on the \u003ca data-lasso-id=\"107190\" href=\"https://www.benzinga.com/money/stock-investment-strategy/\"\u003estrategy you plan to utilize\u003c/a\u003e and \u003ca href=\"https://www.benzinga.com/money/best-stock-brokers-in-the-us\"\u003ethe broker you want to use\u003c/a\u003e.\u003c/p\u003e\n","html":"The short answer is yes. The long answer is that it depends on the \u003ca data-lasso-id=\"107190\" href=\"https://www.benzinga.com/money/stock-investment-strategy/\"\u003estrategy you plan to utilize\u003c/a\u003e and \u003ca href=\"https://www.benzinga.com/money/best-stock-brokers-in-the-us\"\u003ethe broker you want to use\u003c/a\u003e.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eTechnically, you can trade with a start capital of only $100 if your broker allows. However, it will never be successful if your strategy is not carefully calculated. For this reason, you should support the idea to trade with only $100 through detailed research, a thorough calculation of your strategic outcomes and strict risk management rules.\u003c/p\u003e\n","html":"Technically, you can trade with a start capital of only $100 if your broker allows. However, it will never be successful if your strategy is not carefully calculated. For this reason, you should support the idea to trade with only $100 through detailed research, a thorough calculation of your strategic outcomes and strict risk management rules.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/heading","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch2\u003eGet Started Day Trading\u003c/h2\u003e\n","tag":"h2","id":"get-started-day-trading","html":"Get Started Day Trading","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eDay trading can be stressful for inexperienced traders. This is why some people decide to try day trading with small amounts first. For example, trading with a bankroll of only $100 is possible but will require some extra amendments to manage risk and gain a healthy profit.\u003c/p\u003e\n","html":"Day trading can be stressful for inexperienced traders. This is why some people decide to try day trading with small amounts first. For example, trading with a bankroll of only $100 is possible but will require some extra amendments to manage risk and gain a healthy profit.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eYou can always try this trading approach on a demo account to see if you can handle it. A \u003ca href=\"https://www.benzinga.com/money/what-is-paper-trading\"\u003edemo account\u003c/a\u003e is an excellent way to adapt to a trading platform you plan to use. For example, you can begin trading with a $100 account once you feel comfortable on the demo account.\u003c/p\u003e\n","html":"You can always try this trading approach on a demo account to see if you can handle it. A \u003ca href=\"https://www.benzinga.com/money/what-is-paper-trading\"\u003edemo account\u003c/a\u003e is an excellent way to adapt to a trading platform you plan to use. For example, you can begin trading with a $100 account once you feel comfortable on the demo account.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eLooking for more resources to help you begin day trading? Check out our guides to the \u003ca data-lasso-id=\"107192\" href=\"https://www.benzinga.com/money/best-day-trading-software/\"\u003ebest day trading software\u003c/a\u003e, or \u003ca data-lasso-id=\"107193\" href=\"https://www.benzinga.com/money/best-day-trading-courses/\"\u003ethe best day trading courses for all levels\u003c/a\u003e.\u003c/p\u003e\n","html":"Looking for more resources to help you begin day trading? Check out our guides to the \u003ca data-lasso-id=\"107192\" href=\"https://www.benzinga.com/money/best-day-trading-software/\"\u003ebest day trading software\u003c/a\u003e, or \u003ca data-lasso-id=\"107193\" href=\"https://www.benzinga.com/money/best-day-trading-courses/\"\u003ethe best day trading courses for all levels\u003c/a\u003e.","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"acf/cta-placeholder","attrs":{"name":"acf/cta-placeholder","data":{"cta_placeholder_type":"secondary","cta_data":null,"has_placements":true,"placeholder_type":"secondary","widget":null},"align":"","mode":"edit"},"innerBlocks":[],"innerHTML":"","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/heading","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch2 id=\"frequently-asked-questions\"\u003eFrequently Asked Questions\u003c/h2\u003e\n","tag":"h2","id":"frequently-asked-questions","html":"Frequently Asked Questions","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"acf/faq","attrs":{"name":"acf/faq","data":{"questions":[{"question_text":"How much can you make day trading?","answer_text":"\u003cp\u003eIt’s possible to earn around an average 18% return monthly. But this differs from trader to trader.\u003c/p\u003e\n","answer_link":"https://www.benzinga.com/?post_type=post\u0026p=43703","author":"","created_at":"2024-11-13","style":"default"},{"question_text":"How much can I make day trading starting with $500?","answer_text":"\u003cp\u003eStarting with $500 gives you a median daily income of $5 to $15 on average.\u003c/p\u003e\n","answer_link":"https://www.benzinga.com/?post_type=post\u0026p=43703","author":"","created_at":"2024-11-13","style":"default"},{"question_text":"Can anyone get into day trading?","answer_text":"\u003cp style=\"font-weight: 400;\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eThere are no specific requirements for becoming a day stock trader. However, it is crucial to have a thorough understanding \u0026amp; knowledge of how financial markets function and be familiar with electronic trading platforms, as well as the rules and regulations that govern trading\u003c/span\u003e\u003c/p\u003e\n","answer_link":"https://www.benzinga.com/?post_type=post\u0026p=43703","author":"","created_at":"2024-11-13","style":"default"}],"tailwind_layout":true},"align":"","mode":"edit"},"innerBlocks":[],"innerHTML":"","faq":[{"answer_link":"https://www.benzinga.com/?post_type=post\u0026p=43703","author":"","created_at":"2024-11-13","style":"default","question":"How much can you make day trading?","answer":"\u003cp\u003eIt’s possible to earn around an average 18% return monthly. But this differs from trader to trader.\u003c/p\u003e\n"},{"answer_link":"https://www.benzinga.com/?post_type=post\u0026p=43703","author":"","created_at":"2024-11-13","style":"default","question":"How much can I make day trading starting with $500?","answer":"\u003cp\u003eStarting with $500 gives you a median daily income of $5 to $15 on average.\u003c/p\u003e\n"},{"answer_link":"https://www.benzinga.com/?post_type=post\u0026p=43703","author":"","created_at":"2024-11-13","style":"default","question":"Can anyone get into day trading?","answer":"\u003cp style=\"font-weight: 400;\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eThere are no specific requirements for becoming a day stock trader. However, it is crucial to have a thorough understanding \u0026amp; knowledge of how financial markets function and be familiar with electronic trading platforms, as well as the rules and regulations that govern trading\u003c/span\u003e\u003c/p\u003e\n"}],"deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003e\u003c/p\u003e\n","html":"","tag":"p","deviceType":"mobile","userAgent":"Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/131.0.0.0 Mobile Safari/537.36","type":"default"}],"campaigns":{"primary":{"has_targeting":true,"placements":[{"id":37540,"type":"campaign","devices":"all-devices","geo_target":"NON-US","multiplier":"2"},{"id":53620,"type":"campaign","devices":"all-devices","geo_target":"US","multiplier":"1"},{"id":109255,"type":"campaign","devices":"all-devices","geo_target":"US","multiplier":"1"},{"id":92266,"type":"campaign","devices":"all-devices","geo_target":"US","multiplier":"1"},{"id":305651,"type":"campaign","devices":"all-devices","geo_target":"US","multiplier":"2"},{"id":293466,"type":"campaign","devices":"all-devices","geo_target":"US","multiplier":"1"},{"id":340550,"type":"campaign","devices":"all-devices","geo_target":"US","multiplier":"1"},{"id":235669,"type":"campaign","devices":"all-devices","geo_target":"US","multiplier":"3"},{"id":235669,"type":"campaign","devices":"all-devices","geo_target":"NON-US","multiplier":"3"}],"campaigns":{"37540":{"position":"horizontal","cta_title":"Featured Broker: Interactive Brokers","cta_text":"Open an Account","cta_description":"Interactive Brokers gives you access to market data 24 hours a day, 6 days a week. \r\n","link_type":"internal","cta_btn_type":"button","cta_btn_position":"below_image","impression_tag":"","customize_modal_popup":false,"customize_floating_popup":false,"disclosure":"","placement_slug":"interactive-brokers-cta","bzgo_link_id":23282,"bzpartner_id":72108,"url":"https://www.benzinga.com/go/interactive-brokers","go_link_dofollow":0,"partner":"Interactive Brokers","utm_action":"::AdvancedCampaign:: `Investing Default Advanced Campaign` ::Campaign:: `IBKR Market Data` ::Partner:: `Interactive Brokers` ::Title:: `Featured Broker: Interactive Brokers`","href":"https://www.benzinga.com/go/interactive-brokers","image_url":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2021/09/15084546/ibkr-stacked.jpg","product_id":null},"53620":{"position":"horizontal","cta_title":"Lower Your Cost! 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