How much money do I need?
A common rule of thumb is to never risk more than 5% of one's equity on any one trade; requiring a minimum amount of equity equal to the risk per trade divided by 5%. In addition, those accounts using systems that hold positions overnight must have enough equity to cover margin requirements. Generally, systems that are intraday require less margin and limit the traders exposure to the markets which generally limits the traders risk.
How do I get started?
The first step is to purchase or lease the rights to the specific trading system you are interested in.
After this is completed, you will be instructed by a qualified representative on how to properly get started with your new trading system.
What are the Risks?
Any one system may be subject to market specific, system specific, or complex specific risk ranging from $500 to $5 million. By trading multiple systems across different markets, one may reduce market specific and complex specific risk. By trading systems with different entry and exit strategies, the trader reduces system specific risk.