How much money do you need to start?
I don't give amounts for specific people. It's a decision that depends on your financial situation, goals and risk tolerance. What I can show you is what to take into account.
Cost components
- The margin the broker requires for the contract (📖 Trader's Glossary).
- Fixed costs: the platform, market data and any tools.
- Transaction costs: commissions and fees per contract.
- Capital for the learning period: every method has losing streaks and drawdowns.
Safety rules
- only use money for trading whose loss won't affect your everyday life and obligations
- don't use loans or money meant for basic needs
- start with a simulator and replays (❔ Simulator or live account)
- write your risk rules into your plan before you start trading
When to seek advice
For matters concerning your own financial situation, talk to a licensed adviser. I don't provide investment advice in the Club.
Educational content, not financial, legal or tax advice.
♛ Hetman Terminal: order flow tools in your browser
Liquidity heatmap, DOM, footprint, Volume Profile, TPO and cumulative delta – the same kind of tools as in Sierra Chart, ATAS or Bookmap, live in your browser, with no software to install. See screenshots of all the tools →
♛ The Hetman Terminal is part of Club: live for Dow Jones from the Bishop plan, 6 markets (Dow Jones, S&P 500, Nasdaq, gold, crude oil, Bitcoin) and automatic detection of order flow events from the Rook plan. A session on the ♛ Hetman Index (training, simulated data) in the full panel comes with the Knight plan and above. Compare the plans →