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I would suggest not over complicating your trading. There are thousands of different angles and strategies/indicators/time frames/markets that you can play around with, most of which simply wont suit your trading personality (risk profile) and many of which will confuse most and make the process...

The answer to this question will be different for each individual. I would suggest a portfolio of at least $10k to reduce the effect of brokerage in your account. Learn about stop losses and stick to them!! These are the key to successful trading. Also set a maximum loss bearable with each trade...