 Welcome. This is Melissa Arma with the Stock Swoosh, and today I wanted to lecture on a question that I often get asked, how much money do you need in order to learn my system, trade my system, and day trade? Well, there are two types of trading accounts out there and available to you. You can open up a retail trading account or you can open up something called a proprietary day trading account. There are lots of different places to go to open up accounts. The amount of money that you put up and the amount of margin that you will receive from the broker depends on where you open up the account. A retail account will give you for active day trading and a margin of 4 to 1. For example, for every $1, you'd have $4 in order to take a position. That is for active day trading, it must be flat by 4 o'clock. That would be at a retail place. At a retail place, you need a minimum of $25,000 cash to actively day trade in and out, in and out as many times as you want during the day or during the week. The other type of account is called a proprietary day trading account. There are many proprietary day trading places out there. The amount of margin that they give varies. Most of them give 10 to 1, so for every $1, you'd have $10 of margin in order to purchase for short a stock. Again, you have to be flat by 4 o'clock Eastern time. How much money do you need in order to open up a prop account? Most places require a minimum of $2,500. There are some that require less than that, but $2,500 is usually the minimum at most places, so then 10 to 1 margin with a $2,500 account, you'd have $25,000 in buying power, understand? I often get this question because people say, well, I need to save hundreds and thousands of dollars in order to day trade. No, you don't. You do not because of something called margin. Margin is what you receive from the broker or if you go to a proprietary day trading firm, every trader or most traders, 90% of the traders out there are more trade using margin, particularly if you're day trading actively. Now, doing number nights is totally different. That's a separate topic. We're talking about actively day trading right now. You do not need hundreds of thousands of dollars in order to day trade. That's what makes trading the market and day trading so accessible to regular people in order to do it. Now, if you're interested in my class, if you want to learn my method, then you will not only need a minimum of $2,500 for a prop account or $25,000 if you go to a retail account if that's what you choose to do. You will also need $59.99 or $6,000 in the US in order to take my golden gap course. So you will need a minimum of $8,500 with a prop account and to take my class. And a lot of people come and say, doot, doot, doot. You know what? If you don't have $8,500 or at least six grand to put in a credit card and $2,500 cash to trade. In my opinion, you have no business trading the market, none, none whatsoever. The market is a place for you to make money, that's true, but you're taking risk when you do it. You can't risk the last dollar that you have in the market. And I say this because I want to be honest with people. Can you take a small account like $2,500 and make money? The answer is yes, yes you can. But you have to specifically, if you have a small account, you really need to know what you're doing. You really have to learn how to trade first and you really need to follow someone that does know what they're doing, like me. You can't just go out there because you'll lose all of your money if you don't know what you're doing. And if you don't have a lot, it's very important not to lose. Actually, it's important not to lose no matter how much money you have. It is important not to lose. You want to win. So what do you do if you want to win? You'd be smart about it. You learn a good system. You learn a good strategy. You learn a system and a strategy with a high win ratio. You follow someone like me that knows what they're doing, okay? So that's my best advice to you today. And take it for what it's worth. Good luck, everyone. And if you'd like more information, email me at Melissa at thestockswish.com. Have a great day, everyone.