I get asked this question all the time how much money do you need to start trading in reality you guys don't need any money to start learning the skill of day trading and let me explain so a lot of people they get super confused and they get into trading and they think man all these Traders they're making so much money and I want to make a bunch of money but damn I don't have any money so how can I start making all this money that all these Traders have so I'm going to break this down for you guys step by step on how you guys can first of all build up your capital or find a way to get Capital to start your Trading Journey so first and foremost we're going to start with step one is none of you guys should be trading with any live Capital whether it be on a funded account or a live account when you guys first start getting into trading so as you guys know I'm a huge advocate for demo or paper trading accounts and what does this mean a lot of you guys are probably new here it means you're not trading with real money so obviously if we come into the market that is built to beat us why would we want to start trading with a lot of our hard-earned money and money that we're not even willing to lose yet especially if we have no clue what we're doing it's not smart so luckily we have these awesome tools called demo and paper trading accounts so you guys can go to whatever your preferred exchange is and you guys can open up a demo trading or a paper trading account and you guys can get started and from there you guys are going to learn the skill of trading okay and this is going to take a long time think about it almost I like to compare this to any other skill I'm not going to sit here and Bs you guys and say oh yeah um trading is a skill that you can learn in one month and then in ly make $100,000 from it no definitely not but in this video I'm going to give you guys the road map to potentially be able to get to that level so first and foremost we need to understand how we can learn the skill of trading and that's by paper trading trading on demo and gaining the confidence and if you guys are completely new and you guys have no clue who I am or no clue what I do I trade Futures and if you guys want to learn how to day trade go watch the boot camp go watch the trading transformation those are pretty much my free courses for you guys I have nothing to freaking sell you guys go watch those videos go watch all the strategy videos go watch all the Confluence videos and start applying them to those paper trading accounts okay and once you guys get comfortable once you guys believe that you guys are profitable so for me in my eyes that's like okay I wouldn't even consider you fully profitable but to have the confidence of a profitable Trader it would be around like 3 months worth of green solid percent gain on a demo account okay so if you guys are able to get anywhere from like 5 to 10% gain on a paper trading account over the course of 3 months straight awesome what what are the next steps so you guys have two options there's a bit of a fork in a row I'm assuming most of you guys don't necessarily have a lot of capital okay and if that's your case then we go the funded account route this is for people who have let's say maximum $1,000 to be able to spend and putting $1,000 into a live trading account what are you going to make if you guys make 10% on the the month 100 bucks dream on bro we don't want that we want to be making day trader money right so with that being said you guys can go to really any funded account company or prop firm that can help fund you guys and help you guys take a challenge so pretty much how it's structured is let's say I want to be funded with $200,000 right that's a lot of money and that's typically the max allocation that any Prof room will give you guys at the start so boom that's going to be around $1,000 you pay them $1,000 and they give you what another demo account of $200,000 and from there all that you have to do is prove to the company that you genuinely are a profitable Trader which is why we spent those 3 months trading profitably on demo beforehand proving to ourselves that we're ready for this challenge okay and all that you have to do is pass a challenge hit a certain profit Target as without going down underneath a certain draw down amount and then from there if you pass a challenge cool they give you another account and from there all of the profit that you guys make or at least for my prop firm which is oneon-one funding you guys get to keep 100% of the profits that you guys make so let's say I'm on a $200,000 funded account and I make $5,000 cool you request your pay out boom you just made $5,000 for a return on your investment of $1,000 and typically what most prop firms do is if you genuinely are a profitable Trader the down payment that you put down on the account challenge it gets get refunded back to you so on top of making that $5,000 profit I get the whatever the account costs so like let's let's say some of them aren even $1,000 some even start at like $100 for $6,000 in funding pretty sure everybody can scrape together $100 okay put down $100 $6,000 in funding if you pass the challenge fully refunded you don't lose any money and you can start making money and start working with capital okay that's the first step step number two is going to be let's say you're a big baller already let's say you guys have a really stable job you're you're killing it but you want some other streams of income let's say you hate your boss whatever it may be you've saved up a lot of money like for example there there's uh somebody who just completed the Mastermind Mastermind 1.0 he turned $300,000 into $393,000 okay so he made $93,000 on a live account and there's a video on this interview where you guys can go and see break down like everything that he talked about but he was in a unique situation where he had a lot of money saved up because he didn't go to college and he's just working a job so he put all that money into a live account once he felt confident he passed passed through the Mastermind he had the strategy down he had the confluences down he was confident that he was a profitable Trader so he bet on himself he put $300,000 into a live trading account and then from there boom he starts making money instantly he can withdraw the money that he makes whenever he wants okay and some of you guys might maybe don't have 300 Grand lying around okay for me I would say like barrier to entry into a live account bare minimum for me would be like $10,000 on a Futures account okay because if you can work with $10,000 if you make 10% on the month that's $1,000 is that necessarily day trader money yet no not necessarily but it is is it something to work with where over time you guys can compounded that account start making significant profits and if that account grows and grows and grows and grows then who knows maybe you will start making six figures a month okay so those are kind of the two routes that you guys can take from demo count learning understanding the skill of trading and then from there once you understand the skill of trading you figure out hey am I somebody who has low Capital which is completely fine right there's people who don't necessarily have a lot of money just to throw into a live account and if that's your case cool go with a prop firm pass the challenge and get a payout or if you guys are in a really solid situation and you guys are able to start a live account start a live account Fair minimum $10,000 start making money today and that's about as simple as it gets so I love and appreciate you guys if you guys haven't liked the video yet like it subscribe I give out all this information for free appreciate you boys catch you guys in the next one peace out