Map of Bunbury on You can certainly learn to trade on much less, and many learn with a portfolio between $5, 000 and $10, 000, but it will not feed the family while you are learning. A portfolio of $25, 000 to $40, 000 is ideal. This amount does a few things, but most importantly it enables traders to make small mistakes over the period of the 6 months while learning. Small mistakes will not break the bank, but it will let you evaluate after 6 months if this is worth sticking with or not.
I have seen traders with $500, 000 decrease that by half simply by trading a huge amount of shares and taking big losses on each trade without adhering to strict stop loss principles.
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The idea that the more money a trader has, the easier trading gets is dead wrong. Having more money can distract traders from discipline because they feel that they can afford a few big losses and feel they can easily make it back later on.
Map of Bunbury 2016.