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What is Margin Day Trading? Should I do it or not

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Manage episode 303280757 series 2983786
Content provided by Marina 'The Trader Chick'. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Marina 'The Trader Chick' or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Do you really need twenty-five thousand dollars to get started in day trading?, or is that just the plot they have to tell you?
When I began trading, I was told that you needed twenty-five thousand dollars to have a trading account so that you could actually day-trade, if you have anything less than that, you're only allowed maybe to make like three or four trades per week.
So that is a truth to some extent, because that is what the market and the brokers wants if you are trading stocks and equities. However, there are many other markets that you can trade.
About the four or five different markets that you could trade. The majority of them you do not need that kind of money to begin, on the contrary for instance, I trade in emini futures and you could get started with less than a thousand dollars a week, so you could start with less than a thousand dollars in your account. Now, this is something that is really, really important. And this is something that the brokers love to tell you in pretty words. And it is a lie, and it is a danger, and hazard. Margins or that you have the power to trade with a certain amount of money.

  continue reading

72 episodes

Artwork
iconShare
 
Manage episode 303280757 series 2983786
Content provided by Marina 'The Trader Chick'. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Marina 'The Trader Chick' or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Do you really need twenty-five thousand dollars to get started in day trading?, or is that just the plot they have to tell you?
When I began trading, I was told that you needed twenty-five thousand dollars to have a trading account so that you could actually day-trade, if you have anything less than that, you're only allowed maybe to make like three or four trades per week.
So that is a truth to some extent, because that is what the market and the brokers wants if you are trading stocks and equities. However, there are many other markets that you can trade.
About the four or five different markets that you could trade. The majority of them you do not need that kind of money to begin, on the contrary for instance, I trade in emini futures and you could get started with less than a thousand dollars a week, so you could start with less than a thousand dollars in your account. Now, this is something that is really, really important. And this is something that the brokers love to tell you in pretty words. And it is a lie, and it is a danger, and hazard. Margins or that you have the power to trade with a certain amount of money.

  continue reading

72 episodes

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