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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...

Does this usually happen whenever a major investment bank fails?

So do we expect a massive drop as brokerages liquidate positions?

Ron Paul, is that you? I didn't know you were a member of this site!

Wasn't there some clip of him talking about manipulating futures markets through rumors?

Who actually became profitable to a good degree by doing covered calls?

Cramer does analysis? This is news to me.

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.

Will look into OEC. Thanks.

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.

I am overwhelmed by the amount of advice I got. Thanks a lot everyone. Will practice more and get my hands some more reading material. Once I feel comfortable enough with the volatility of ES and I have a good method of trading it, I will start. For now, I'll stick to 2x and 3x ETFs.

Thanks for the info guys. Are there enough shortable ES contracts to short ES easily? If I do short it, how would I be affected by margin rates?

I dunno if I can double post in a thread considering that I can only edit my posts 30 mins after submitting them. Anyway, my total profits for today were close to $4400. All I did was trade 4 contracts at a time and made a $1000 profit or so for 3 of the trades. After doing some research, I...

I've been using a simulation account with Global Futures and Ninjatrader. So far, I've been successful. In the past 24 hours, I've made over $1800 in profit utilizing only $10000 or so by just playing around with ES. I have several questions though. 1) Right now, the bid/ask is around...

I'm thinking of getting a margin account with Interactive Brokers. Suppose I have a margin account at IB, and I have $26K to trade with. According to their website, the margin interest rate is 1.59%. So, if I were to make a day trade (meaning bought and sold in the same day), using $10000...

Thanks for the replies. I would prefer charting on NT while filing orders through TWS. NT has great library of indicators. Is that feasible or would putting orders through NT be just as fast?

Hi everyone, I am a long time lurker, and now member. I have a few questions as I want to open a new trading account and will focus on day trading. 1) What are your experiences/opinions on Interactive Brokers for day trading? If you have other suggestions, please list them. 2) What are...