Trading with no margin? - Beginners and Introductions | futures io social day trading
futures io futures trading


Trading with no margin?
Updated: Views / Replies:3,958 / 32
Created: by jamiecassar Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Trading with no margin?

  #11 (permalink)
 Vendor: www.probabletrades.com 
OC, California, USA
 
Futures Experience: Advanced
Platform: IB/TWS, NinjaTrader, thinkorswim
Favorite Futures: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,859 since Jun 2009
Thanks: 480 given, 3,254 received


jamiecassar View Post
I thought I couldn't trade futures without a margin?

It's possible that TD Ameritrade require futures trading in a margin account, though I can trade futures in my thinkorswim (owned by TD Ameritrade) IRA, which doesn't allow and leverage/margin. You might want to check again with TDA about margin requirements for futures trading.

Or, use a different broker. TDA's commissions for futures trading are higher than many other brokers.

And I want to reiterate other's cautions about SIM, being undercapitalized, etc. But I don't want to burst your bubble so move forward but very cautiously and be careful.

Reply With Quote
The following user says Thank You to shodson for this post:
 
  #12 (permalink)
Elite Member
Philly, Pa
 
Futures Experience: Master
Platform: NinjaTrader
Favorite Futures: ES, ZB
 
tigertrader's Avatar
 
Posts: 5,948 since Jul 2010
Thanks: 6,314 given, 31,870 received

the $92,000 figure seems rather arbitrary, however, given your current situation, and your inexperience, you would need a a rather substantial amount of capital, to get started - especially if you are planning on supporting yourself and your family from your trading income. to say that the odds are stacked against you, would be a very grand understatement and if i or anyone else tells you differently, they are doing you a great disservice.

Reply With Quote
The following 4 users say Thank You to tigertrader for this post:
 
  #13 (permalink)
Elite Member
Rochester MN
 
Futures Experience: Beginner
Platform: Oanda
Favorite Futures: Micro-FX
 
Posts: 82 since Jan 2014
Thanks: 178 given, 21 received



Zondor View Post
There are a handful of futures brokers that will open an account with a minimum deposit of $500 and have intraday margins of $500 or less on certain futures contracts.

Generally it is not such a good idea to do that. There is no room for error, as mentioned in previous post, item 2.

Thank you Zondor, I have found NobleTrading.com ... I will try and find out and if there are more brokers like this. All my research on the "top" brokers led me to believe it was a 2.5k minimum. I think trading in general for most people is not a good idea for many reasons, although I seem to find myself exempt from this mode of thought. My plan is to make small non-loosing trades until my account grows, then it will just be la matter of ess and less risk with each trade

Reply With Quote
 
  #14 (permalink)
Elite Member
Washington DC
 
Futures Experience: Beginner
Platform: NinjaTrader7
Favorite Futures: ES
 
Posts: 71 since Oct 2010
Thanks: 98 given, 76 received


jamiecassar View Post
Hi all. I've known about trading since the mid 90s, and recently the passion has caught fire. I've been studying my brains out for a quite a while now, reading books, viewing webinars, taking courses.. absorbing every piece of information I can get my hands on. I started paper trading at TDAmeritrade, which I've been doing very very well at (I treat it with utmost seriousness as if a real account). All of my testing/studying so far has been in the FX and Futures markets (although I think my techniques could be applied to ANY market), and I KNOW that I have found my calling in life. I am extremely confident in my ability and believe I have the right mindset and personality. Most of the necessary qualities I have already learned from being a professional poker player. I know I will succeed and I feel I was made to do this, I just don't have the startup capital right now. I am considering applying for a small business loan, although I'm not sure the bank wouldn't see this as anything more than a "gambling" venture even though I know it is not. It is sheer mathematics and risk/reward ratio and to me it is practically guaranteed. I am wondering what types of things I can learn to trade WITHOUT a margin account... I know I can only make 3 trades per week to avoid the pattern day trader rule, but at least I could get my account going. Anyways, my question is:

Suppose I have a $500 account, what types of markets could I be looking to trade until I get my tax refund?

I really don't want to sell my drum set to come up with the $2,500 but if that is the only option I am more than positive that I could easily make that money back very quickly to buy a new one (assuming I could trade futures). Your thoughts and suggestions much appreciated.

I would trade FOREX if I only had $500 to trade. In US it is 50:1 leverage on pairs that are traded the most and you can open an account for something stupid like $50. So, lets say you traded 10k (0.01M, mini lots) on a $500 account and made 10 pips three days a week, on most pairs that would be between 4%-6% return per week. (lots of assumptions, blah blah, etc, etc.).....you won't be a millionaire but percentage wise it is an amazing return. Other personal choices would be vegas or savings....

Reply With Quote
The following 2 users say Thank You to Jack22 for this post:
 
  #15 (permalink)
Just a boy
Auckland, New Zealand
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: AMP/CQG
Favorite Futures: Whatever moves in my timezone
 
Posts: 1,803 since Sep 2009
Thanks: 3,165 given, 1,372 received

Top Step Trader

Search the forums for the above organisation. There are thousands of posts on here.

I don't use them, but from what I understand is that they set you up with a SIM account and you prove to them your ability to trade and make a certain amount of money following their strict risk management rules.

If you pass, the may fund you for a real Live account where they provide the capital and you share in the winnings.

Other than some small entry fee - no capital required.

Volia, problem solved.

Reply With Quote
The following 3 users say Thank You to steve2222 for this post:
 
  #16 (permalink)
Elite Member
Rochester MN
 
Futures Experience: Beginner
Platform: Oanda
Favorite Futures: Micro-FX
 
Posts: 82 since Jan 2014
Thanks: 178 given, 21 received


shodson View Post
It's possible that TD Ameritrade require futures trading in a margin account, though I can trade futures in my thinkorswim (owned by TD Ameritrade) IRA, which doesn't allow and leverage/margin. You might want to check again with TDA about margin requirements for futures trading.

Or, use a different broker. TDA's commissions for futures trading are higher than many other brokers.

And I want to reiterate other's cautions about SIM, being undercapitalized, etc. But I don't want to burst your bubble so move forward but very cautiously and be careful.

I have been treating my sim account as if it only has 1k in it. I heard that TDA *used* to allow people to trade within IRA's and still allow the old timers to do so, but not anyone new. And thank you for your advice I am not sure if any type of scaled down futures contract would/could have as low as fifty cents per tick I wouldn't want to loose more than $2 dollars on any one trade, that is why I was trying to find other markets. I was trading wheat or corn or coco it was only $5 per tick, but after TDA's commisions I'm not sure how that would pan out in real life

Reply With Quote
 
  #17 (permalink)
Elite Member
Rochester MN
 
Futures Experience: Beginner
Platform: Oanda
Favorite Futures: Micro-FX
 
Posts: 82 since Jan 2014
Thanks: 178 given, 21 received


Jack22 View Post
I would trade FOREX if I only had $500 to trade. In US it is 50:1 leverage on pairs that are traded the most and you can open an account for something stupid like $50. So, lets say you traded 10k (0.01M, mini lots) on a $500 account and made 10 pips three days a week, on most pairs that would be between 4%-6% return per week. (lots of assumptions, blah blah, etc, etc.).....you won't be a millionaire but percentage wise it is an amazing return. Other personal choices would be vegas or savings....

Yes, I would only need 3 wining trades a day and I agree the return is amazing for only a few pips

Reply With Quote
 
  #18 (permalink)
Elite Member
Rochester MN
 
Futures Experience: Beginner
Platform: Oanda
Favorite Futures: Micro-FX
 
Posts: 82 since Jan 2014
Thanks: 178 given, 21 received


steve2222 View Post
Search the forums for the above organisation. There are thousands of posts on here.

I don't use them, but from what I understand is that they set you up with a SIM account and you prove to them your ability to trade and make a certain amount of money following their strict risk management rules.

If you pass, the may fund you for a real Live account where they provide the capital and you share in the winnings.

Other than some small entry fee - no capital required.

Volia, problem solved.

This could be my golden ticket !! ?? Thank you I will try and get that started.

Reply With Quote
 
  #19 (permalink)
Elite Member
Florida
 
Futures Experience: Advanced
Platform: NinjaTrader 8
Favorite Futures: YM, ES, NQ, CL, ZB
 
trendwaves's Avatar
 
Posts: 742 since Dec 2012
Thanks: 2,822 given, 2,433 received


steve2222 View Post
Search the forums for the above organisation. There are thousands of posts on here.

I don't use them, but from what I understand is that they set you up with a SIM account and you prove to them your ability to trade and make a certain amount of money following their strict risk management rules.

If you pass, the may fund you for a real Live account where they provide the capital and you share in the winnings.

Other than some small entry fee - no capital required.

Volia, problem solved.

TST

Great Idea Steve !

in the tag's i am seeing "girlfriend" "love" "life" 'baby" "no money" "margin" and it's starting to make me a little dizzy just thinking about it all ...

Reply With Quote
 
  #20 (permalink)
Hi Mom!
Bridgeport, Ct
 
Futures Experience: Intermediate
Platform: Sierra
Favorite Futures: Gold, Oil
 
TheShrike's Avatar
 
Posts: 365 since Jun 2012
Thanks: 1,027 given, 472 received


With 500 bucks and a dream, I would recommend an elite membership to futures.io (formerly BMT). The return for dollars spent may make it your greatest trade. Also, I recommend watching Mike's "Where to start as a trader" webinar, and then once you feel ready to go maybe a TST combine in conjunction with a journal. Don't bog yourself down reading trading books or endlessly sim trading, it will not be helpful to you.

Reply With Quote
The following 2 users say Thank You to TheShrike for this post:

Reply



futures io > > > > Trading with no margin?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Margin model for option trading OEC Goodtraders Open E Cry 1 September 26th, 2013 08:48 AM
Your broker allow equities as margin for futures trading? silver99 Reviews of Brokers and Data Feeds 6 January 2nd, 2013 10:23 AM
NYSE Margin Debt At Highest Since July Means Threat Of Margin Calls High kbit News and Current Events 0 April 4th, 2012 02:34 PM
CME Goes To Margin DefCon 1: Makes Maintenance Margin Equal To Initial For... Everyth Quick Summary News and Current Events 9 November 6th, 2011 12:48 AM
CME Goes To Margin DefCon 1: Makes Maintenance Margin Equal To Initial For... Everyth kbit News and Current Events 0 November 4th, 2011 10:29 PM


All times are GMT -4. The time now is 07:25 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-13 in 0.17 seconds with 19 queries on phoenix via your IP 54.196.182.102