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Marko Jovicic

How much money do I need to become a day trader?

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Hey Marko,thanks for asking!

In order to become a day trader in the U.S., you are required to have at least $25,000 in your account and anything below this amount will keep you from day trading.

But on the other hand, it is not advisable to have the bare minimum of capital when starting and the recommended amount is about $30,000 as it gives you enough wiggle room, and enables you to endure losses easier than having less than recommended amount.

Another requirement that you will need to fulfill in order to be classified as a day trader is to make at least four trades per day and doing this will cause your account balance to be taken into consideration.
 

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