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Experience & End of Year:
I want to talk about the process to open any banking/brokering account (no secret here indeed)
this is of course the very normal process.
1) You fill in the application forms and send it to the bank/broker
2) Waiting for approval
3) Getting an ok - plus a personal account ID (with securities)
4) Now you are free to put money and or securities onto your account
5) You want to begin to trade
EVERY trade depends on MARGIN rules of the broker - if fulfilled - the trade starts.
If you do not have enough base fulfilling daily or nightly / weekend requirements - your trade will not
be accomplished - or your running trade will be closed at daily closing time to the appropriate price
BEFORE the margin requirements are going to change ;-)
So NO real starting restriction will appeal except these from the margin depending on the instrument.
With IB the very first car has a HIGHER margin (initial margin) than every following car. This prevents
you to be stopped out because of the ALL IN on the first car when price is moving against you.
So you might start with any cash / and or securities - but when it comes to trading - ONLY the
actual account balance will tell if you can enter a trade.
Happy New Year
GFIs1
The following user says Thank You to GFIs1 for this post:
1) The one with the small capital - trading ALL in on every trade
2) The trader with a restricted risk managment (here 2% risk of capital)
What capital is needed if you DAY-TRADE the DAX or the YM?
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As we can see - for a proper capitalization we needed a total capital deposit as of today for a Day-Trade only
1) for small capital a minimum margin of
a) DAX: 8'975 EUR
b) YM: $ 1'563
2) for a 2% of total risk setting
a) DAX: 448'750 EUR
b) YM: $ 78'150
Everything is based on the risk a trader is taking for the FIRST trade to start.
First note - that night and over weekend (IB) margin requirements are more than doubled to the intraday rules.
Second Note - with every trade the trader is lending and risking money from his broker - otherwise a leverage would
never be possible.
As long as the trader is making positive results - the margins are not affected - if not: - leverage counts
Conclusion:
Please do carefully your homework before depositing ANY sum and before you attempt to throw in
your hard earned money into the volatile markets.
GFIs1
The following user says Thank You to GFIs1 for this post:
Exactly that, I think you're over thinking it too much. There are costs associated with trading, and IB's are some of the lowest, depends on what/how your trading. Penny stocks would be cheaper elsewhere.
