Evans GA/USA
Legendary Market Wizard
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage - Philip Capital
Trading: NQ,ES,6E,CL
Posts: 556 since Jul 2018
Thanks Given: 908
Thanks Received: 1,672
|
Day Trading Margin: Also called Intra-Day margin is the amount needed to open a trade during normal trading hours. Need to be careful as "normal" trading hours can vary from broker to broker. Most will just say anytime the instrument in question is trading. Others will say only during US session. Check with the broker for clarification.
Initial margin: This is the margin required to hold a trade past market close on the first day you hold the contract.
Maintenance margin: This is the margin required to hold a trade past market close on any day after the first day. If a broker doesn't use Initial margin then this would be in effect the first day as well.
|