How easy is it to be a day trader and how a lot income do I need to start?

Question by donnell: How straightforward is it to be a day and how much cash do I to ?
Does forex really function? Could I do it on etrade or fidelity?

Very best response:

Answer by stanley
one. Extremely simple
2. Depends on how a lot you want to earn, if you’re undertaking this for a residing, i would say do not do it.
If you want to do it to earn some additional i would say Trade with at least 5k. Average S&P goes up and down ~1% per day .01*5000 = $ 200 per day on a good day which transpires 3x a week during an regular market

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