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Lowest Account Minimums?
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Lowest Account Minimums?

  #11 (permalink)
Elite Member
london
 
Futures Experience: Beginner
Platform: ninja
Favorite Futures: fgbl
 
Posts: 152 since Nov 2009
Thanks: 64 given, 44 received

min account size

also, once you develop expertise that 2.5k account can increase to 4k plus; do not rush it

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  #12 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,042 since Sep 2010
Thanks: 1,912 given, 2,750 received
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anniebee321 View Post
no its not good to be undercapitalised but my advice to all is to start small while building trading experience and getting a general feel for the markets - especially if you are new

This means you will "replenish" your account, again, and again, and again....
No one said that you need $50K to start, and starting with a reasonable amount of $5-$10K does not mean you need to trade frequently and with large lot size.

I am bringing you practical experience of working with retail accounts for almost 15 years, and sincerely trying to give a helping hand to those that are starting out. As a person I am positive, enthusiast but too tired to be a dialing machine for new account. I prefer to guide right and warn of the real risk that futures trading entails.

Those that have traded long enough know what I am saying.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #13 (permalink)
Elite Member
Toronto, Ontario
 
Futures Experience: Advanced
Platform: NinjaTrader, Multicharts
Broker/Data: IB, IQfeed
Favorite Futures: ES, CL
 
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Posts: 203 since Oct 2009
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Some people open minimum $ accounts simply to get access to the data.

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  #14 (permalink)
Elite Member
london
 
Futures Experience: Beginner
Platform: ninja
Favorite Futures: fgbl
 
Posts: 152 since Nov 2009
Thanks: 64 given, 44 received

minimum account size

mattz,

my opinion still stands

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  #15 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,042 since Sep 2010
Thanks: 1,912 given, 2,750 received
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Snoop View Post
Some people open minimum $ accounts simply to get access to the data.

True. But the exchanges and FCMs are starting to catch up to those that are inactive.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #16 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,042 since Sep 2010
Thanks: 1,912 given, 2,750 received
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anniebee321 View Post
mattz,

my opinion still stands

I respect it. we are here to share ideas we feel strong about in a good spirit.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #17 (permalink)
Elite Member
Portland, OR
 
Futures Experience: Intermediate
Platform: NinjaTrader mostly
Broker/Data: I've tried 'em all
Favorite Futures: ZN, ES, 6E, TF, CL
 
drmartell's Avatar
 
Posts: 92 since Mar 2010
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anniebee321 View Post
$2500 is a good place to start whilst you build up your trading experience, heck if
you had 50k to start off trading -- you would just as likely blow that as you would a
much smaller account, start small and grow from there!!!
Online Trading. NINJATRADER. Brokerage Partners.

this link deals with ninjatrader brokers - you will have to follow links

to find the min account size for each though

good luck in your trading

Thanks anniebee321, I'll do some looking in to this list.

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  #18 (permalink)
 Vendor: www.traderwerks.com 
Taipei Taiwan
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Optimus
Favorite Futures: TW
 
Posts: 693 since Jun 2009
Thanks: 440 given, 440 received

In general , I would agree with @mattz. Mainly because too many people have crazy ideas about trading that they get from some 'educators'.

I think $2,500 is good for learning and getting access to data. I opened up a minimum account just to try out Zenfire and NT initially and it was a while before I traded live with the account, but it was available and it is great for those who want to stay on SIM.

When you are ready to move out of SIM, I think trading ONE contract in a $2,500 account ( trading a slower contract ) is a good way to learn how it feels to have skin in the game. You may still blow it, but you don't have enough real firepower to shoot yourself in the foot. The emotions of trading are one thing that it is hard to impress on new traders, and I have seen traders start moving stops and adding to losing positions when they know they should not do that.

I guess what I am saying is being under capitalized is bad, not knowing how to trade is worse.

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  #19 (permalink)
Membership Revoked
United States of America
 
Futures Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009
Thanks: 262 given, 471 received

The sound of an undercapitalized account is always the same, whether $500 or $5000.

KABOOM

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  #20 (permalink)
Market Wizard
Columbus, OH
 
Futures Experience: None
Platform: NT 8, TOS
Favorite Futures: ES
 
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Posts: 3,330 since Aug 2009
Thanks: 4,575 given, 10,310 received



mattz View Post
True. But the exchanges and FCMs are starting to catch up to those that are inactive.

and why would they do that? where is it written that when you open an account and fund it that you have to be active in order to get the data?

I would think it's more a problem for the broker. there's a simple solution, just apply an inactive fee every month. then you certainly wouldn't feel like a dialing machine for new accounts anymore.

but the question remains, can you afford to do that? and the competition would ask: are you in good hands?

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