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NerdWallet's guide for binary options trading, a limited-risk investment that involves predicting the value of an asset prior to trading.
Can you make $200 a day day trading? A common approach for new day traders is to start with a goal of $200 per day and work up to $800-$1000 over time. Small winners are better than home runs because it forces you to stay on your plan and use discipline. Sure, you'll hit a big winner every now and then, but consistency is the real key to day trading.
How much money do I need to start options trading? Most brokers require account sizes of $2,000 or less. However, trading an option account with only a few hundred dollars is not prudent. Option trading strategies work best when a trader employs only a small amount of their available capital on any one trade.
Lead Writer | Stocks, ETFs, economic news Sam Taube writes about investing for NerdWallet . He has covered investing and financial news since earning his economics degree from the University of Maryland in 2016 Pocket Option Api Key . Sam has previously written for Investopedia, Benzinga, Seeking Alpha, Wealth Daily and Investment U, and has worked as an editor for Investment U, Wealth Daily and Haven Investment Letter . He is based in Brooklyn, New York.