How Much Money Do I Need to Start XAUUSD Trading?
Do not start with $10 dollars, even if your gold broker tells you that you can start with that amount, in fact do not start trading with $100 as it is not enough to trade with. It's best to save and begin when you have $1,000 dollars which is the minimum amount recommended to trade with.
- If you want to start with $1,000 dollars, open a micro xauusd trading account & only open micro lots
- If you want to begin with $50,000 dollars, open a standard xauusd trading account & only open standard lots
- If you want to start with $100,000 dollars, open a standard xauusd trading account & open standard lots
There are 2 types of gold trading accounts that traders can open: micro and standard. For each recommended beginning capital is specified above.
