Recent content by michaelfmorgan

So what will be the commission for a trade of 10,000 USD ? Does this "reduction in commission" mean the minimum per order is $2.95 ?

Thank you Bob. Whenever you have time, if you could do a post that talks about your transition to a full time trader , I would love to see that post. BTW, on your website, "Have a Trading Question, Ask here", it gives an error message when you finally hit the send button. Thanks again for...

Hi Bob, looking at the screen-shot you posted . what tool/platform/broker interface is that ? thanks a regular reader of paid2trade

SIPC covers losses due to fraud by the broker. Of course, 100K/500k limits apply. SIPC comes into picture only when a brokerage enters liquidation. Lets say someone hacks into your account & committs fraud. There is no SIPC involvment in that case. From SIPC's website : How claims are...

buy calls on UDN

I have had these questions too about Futures acct. Thank you Jayford for a very useful explanation. I'm thinking of opening an account with OpenECry. Would OEC in your opinion be a safe bet , though OEC won't qualify as a major FCM ? Also in an equities account, does SIPC over you in...

Quotetracker is a serious choice. Free version has ads & some limitations. If you have a ameritrade acct, the paid version is free too

thank you

Hello I am contemplating opening a futures account & in my broker search, narrowed down to 2 brokers : a) Open ECry b) Velocity The factors that I considered : 1. low commissions 2. low day-trading margin requirements for EMinis 3. No software or any account fees. Can you guys...

The trades in an IRA/401k are NOT reported in schedule B or anywhere else on the tax return

Jachyra : What is your source of this info ? Could you pls. post a link from NFA website where it states that ? I looked around but didn't find that fact. thank you

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