What is the best type of account to sign up for if i want to sart day trading?

Answers:1   |   LastUpdateAt:2012-08-25 23:00:03  

Question
marg
Asked at 2012-07-31 03:37:02
Ameritrade has four of them : cash, and the option , in cash and margin , cash and margin option
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Also, for more details on my question , is $ 2000, even enough to start any kind of benefit in day trading ? And you are signing up for newsletters all over the internet that promise you the best, councils 'top secret' about the potential reserves of a hoax?
Answer1Maurice DAnswered at 2012-08-25 23:00:03
If you have to ask , maybe you should re- think about doing any negotiations until you fully understand what you are doing . MedlinePlus MedlinePlus Most traders have an account that allows them to make cash , margin and option transactions . MedlinePlus At Ameritrade , like all other major broker / dealers only have a basic account , and 2 or 3 types within those accounts - cash and short margins . MedlinePlus MedlinePlus On your own, you must obtain permission from the company and sign an agreement to negotiate options and options transactions can be made either in cash account or margin account , but the options are not but you can leverage on the account. MedlinePlus MedlinePlus $ 2,000 , may be enough to start trading , but not enough to make any turnover. And a good money management policy is never invest 100 % of their invested capital at any time either, and never 100 % of what you have invested in any securities . MedlinePlus And if you labeled as " day trader" you have to have and maintain $ 25,000 in stock at all times , so that $ 2,000 is not going to cut it . MedlinePlus MedlinePlus No " top secrets" like no holy grail that is in the market , so stop trying to get a shortcut , there's nothing like being educated in what you're doing .
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