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Minimum Deposit for Day Traders

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Mashangoane

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Day traders, also referred to as scalpers, should aim to start with a minimum deposit of between $120 to $240 with brokers offering micro lots, and at least $12 for those offering nano lots.

This deposit will mean that you won’t risk more than 0.5% of your investment, as day trading usually involves stop losses of about 5 to 10 pips.
 

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