Posted in stock trading

I was wondering what the rules are on day trading in a futures account. I know that I need to have at least $25,000 in my account to day trade stocks. Does this same rule apply for a futures account?

No. Some brokerage companies require as little as $500 to trade futures. Check out the websites at Advanced Futures or Velocity futures. Their miniumums are low.

Again, there is no pattern day trader rule in the futures market.

The reason is that you don’t actually own a contract unless you take delivery. You are simply putting up good-faith money. (But since you are "buying" or "selling" on margin, you WILL have to put up more money if your position goes against you and you want to keep holding it.)

Technorati Tags: , , , ,

Related Articles:

  1. What is the best online trading account? I’m going to open a new online trading account so that I can trade stocks. What are my options? Which...
  2. Is there any stock trading company that will allow day to day trades without margin? Does anyone know if there are brokerage companies that will let me day trade or at lease trade from day...
  3. How do partial fills affect day trading status? I trade in the U.S. stock market. I want to know how multiple orders and partial fills count towards getting...
  4. I Shouldn’t Be Alive – How To Stay Alive With Only $200 Left In Your Trading Account I was wiped out from a stupid pink sheet penny stock scam and was down to my last $200. I...
  5. Trade Dow Futures (Part II) Stock index futures like the Dow Futures or the S&P 500 Futures are traded for speculation as well as hedging...

Guerilla Stock Trading ALERTS

Enter your email address to receive an alert for a new post or video

Delivered by FeedBurner




Leave a Reply