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Can someone please help me start trading. I want to invest in amd and rim. There are also some small bio companies I want to throw my hat into.
Who should I use?
Can I buy stocks one at a time?
What is the minimum starting amount?
Link me to the Futureaccounts site or currency?I believe currency and futuresaccounts don't have a minimum, I might be wrong. But into those. Pretty sure neither need the 25k for day trading.
And yes, Day trading accounts require a minimum of $25k at all time to be able to conduct day trading operations
The key is diversification and the average portfolio should carry somewhere around 15-30 risk assets (stocks/equities) along with other grow assets, such as commodities, futures, currencies, cash and etc
And yes, Day trading accounts require a minimum of $25k at all time to be able to conduct day trading operations
False you can day trade with as little as $500 with SureTrader or another prop firm. They give you 6:1 intraday and 2:1 overnight.
There are quite a few ways (prop firms) around the pattern day trade rule of $25k minimum balance.
Side note, with longer term investments (3 days+) you can start an account with Merrill Edge, TD, etc with less than $1k. I started my Merrill Edge with a couple hundred bucks a few years ago.
Yes your right, I guess I should've clarified that I was not addressing prop firm's
Just the major retail brokers that provide the easiest and safest access for beginning users
Oh yeah when I opened my first mini forex account with Zecco, I started with $250 with 100:1 margin, I lost almost all of it, in a matter of minutes, no jokeYea I blew my first $5k in 2 weeks with 10:1 leverage. I was like a kid in a candy store smh. Sometimes you have to "pay" for an education. I definitely did..And yes, Day trading accounts require a minimum of $25k at all time to be able to conduct day trading operations
False you can day trade with as little as $500 with SureTrader or another prop firm. They give you 6:1 intraday and 2:1 overnight.
There are quite a few ways (prop firms) around the pattern day trade rule of $25k minimum balance.
Side note, with longer term investments (3 days+) you can start an account with Merrill Edge, TD, etc with less than $1k. I started my Merrill Edge with a couple hundred bucks a few years ago.
Yes your right, I guess I should've clarified that I was not addressing prop firm's
Just the major retail brokers that provide the easiest and safest access for beginning users