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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.
The following 2 users say Thank You to mattz for this post:
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.
The following user says Thank You to traderwerks for this post:
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?
