starting to trade

Hi, I have never traded before. I am reading all the material I can find including this forum. I am wondering about the amount of money one can start with. Do any of you have advise as to a limit on the minimum you would advise some one to start with?

Thank you.
Jonathan

I'd advise you to start with no money. Download a demo account after you've done some more reading. Read all you can and really learn the vocabulary of Forex. If you read the stickys at the beginning of this beginners forum you will find links to a ton of material. Really learn and understand the Money Management sticky before you open your demo. This way you'll get more out of your demo experience.
There is a ton of stuff to learn before your demo trading will be successful. After several months of consistent success with your demo open a small cash account and trade micro lots or even smaller.
Might sound discouraging but that is the joy of this. If you're patient you can learn and practice wthout losing big $$$$. You'll still probably lose some when you first start trading cash but it can be kept small.

I didn't do it the way I'm suggesting but I wish I had.

start with $250 or any minimum the broke'r can afford, only use 1 minimum position you can place

I believe Oanda has no minimum to open live account.

Once you learn the ropes on a demo, I think an account at oanda is great. Like billflet said no minimum, and their position granularity allows you to trade as low as 1 unit. so you can trade for less then pennies a point, but start to experience trading live.

Best of luck on your journey
Mike

Thanks every one and Hello, nice to meet you all. No, it wasn't discouraging but the opposite. I was afraid I would be told not to trade with less then a $1,000 or so. Onada looks good, Thanks.

Have a great day.
Jonathan

Follow Bill's post right after your opening question.

Put NO MONEY DOWN until you at least learn the Clicks of the Trade.

After that; Trade Real Money Micro Mini Nano Risk until You know how this game functions.
Good Luck. It's harder than it looks.