As it was informed by "Market Leader (US)"
Trading Tournaments - Now You Can Start in the Forex with No Capital
What a trader will need as a minimum to start trading in the foreign currency market is to open and fund an account with a dealer. Its size may vary depending on the dealer and type of account you choose. As a rule, however, beginners start trading virtual rather than real money in a simulated account. Of course, you cannot withdraw such profits but can get basic practical skills without risking your real money.
After all mistakes are made and the beginner starts trading consistently in a simulated account, it high time they try their hand in a live account. Though the trading system has been elaborated and delivers good results, often the trader is not prepared to risk their own money or simply has none.
What should one do in this event?