Do you need 25000 to day trade in Australia?
I'm considering getting into day trading in Australia, and I've heard that a starting capital of 25,000 AUD is often recommended. Is this really necessary? Or is it just a rumor? I'm not looking to make a fortune overnight, but I am interested in generating some extra income through trading. Should I really have 25,000 AUD to start with, or are there other options for those with less capital? Could you please provide some insight into this matter? Thank you.
Why do you need $25,000 to day trade?
Excuse me, could you possibly elaborate on why you require a sum of $25,000 for day trading? I'm genuinely curious about the specifics of this matter. Given the volatile nature of the cryptocurrency market, wouldn't a smaller initial investment be more prudent? Or is there a particular strategy or technique that necessitates such a significant amount? I'd appreciate it if you could shed some light on this matter for me.