How much money do I need to start trading gold?

[Mdraghib]

You can start trading gold with as little as $50 to $100, depending on your broker and the type of account you open. Thanks to leverage offered by most forex and CFD brokers, you don’t need to buy a full gold bar to get started.

Here’s a quick breakdown:

• Micro Accounts: Start with $50–$100. Great for beginners using small trade sizes (like 0.01 lots).
• Standard Accounts: Usually need $500 or more. Better for more serious trading with bigger positions.
• Leverage: Brokers often offer leverage (e.g., 1:100), which means you can control a larger gold position with a smaller deposit. But remember—more leverage means more risk.