Hello everyone,
This is a completely newb question. I haven't traded in a long time due to health issues and I'm considering coming back to the market. I was thinking about trading the CL. My question is: what is the amount of money I require to trade a single contract of CL? Is it the...
Thanks for the info people. I have a margin account, I'm going to be paper trading for today to test out the platform. I'll change the limit so that it doesn't give me a warning.
So I was testing out Interactive Brokers' TWS platform today and when I checked the margin for buying 2 ES contracts, it said the that the value of the trade was higher than the $100K limit. I was given the option to "override and transmit" anyway. Has anyone else seen this? If so, what would...
Thanks for the advice guys. I'm kinda surprised that brokers don't check the accuracy of the financial info their customers submit. I guess they just want to protect themselves and get paid commissions/fees.
Thanks for making me feel poor. I detect massive sarcasm in your post though. I was going trade futures with $26K but I guess I don't have enough liquid net worth. Anyone else have any good suggestions?
Is there a brokerage with low net worth requirements? Interactive Brokers requires that you have a liquid net worth of at least $100K. Also, can someone recommend me a good futures broker besides IB. Thanks.