Best for Small Accounts

Quote from TraderJoe08:

So far i've called 3 brokers and the min is 2-5k but they require a minimum annual income of >25k. Frustrating
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so tell them that you earn 45k a year - they are not going to check
 
Very helpful responses guys.

I'm going to think about what i should do over the weekend. Trading the QLD and QID instead would be the safest route but the earning potential is far lower. (I'm thinking like 2 trades with each during the week, not active day trading)

I mean making a couple hundred bucks a month starting out is fine with me, if i'm good the $ will come.

Trading is my passion so i'll figure something out, just gotta be smart about it.

Also

I'm planning on moving to San Diego after i'm finally done with school. I can't stand the Michigan winters anymore, and there's too many fat chicks. Still gotta figure out what kinda job i can get with an economics degree over there in this market. :confused:


Thanks again everyone
 
Quote from TraderJoe08:

So over time on ET i've realized that my $2500 is best put into a retail stock account. Trading futures with $2500 is pretty stupid.

I plan to make 4-8 trades per month. I've read some of these retail firms for small accounts have lagging data.

What firm is best for a small account?

Scottrade?
Ameritrade?
E-Trade?

Any thoughts are appreciated.

We all gotta start somewhere right?
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I STRONGLY suggest you avoid real money until you have papertraded on a simulator first.

You will most likely lose your money in several months or less with that little amount.

You are kidding yourself thinking your will make a couple hundred a month from $2500. All you will do is blow up, almost 100% guarantee.

OpenEcry (and others) have simulators. If you cannot make regular money on a sim, you will NOT do it with real money.

Don't be impatient it will only kill you.
 
Quote from TraderZones:

I STRONGLY suggest you avoid real money until you have papertraded on a simulator first.

You will most likely lose your money in several months or less with that little amount.

You are kidding yourself thinking your will make a couple hundred a month from $2500. All you will do is blow up, almost 100% guarantee.

OpenEcry (and others) have simulators. If you cannot make regular money on a sim, you will NOT do it with real money.

Don't be impatient it will only kill you.
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Ditto Ditto Ditto! I've done it to myself so many times it's ridiculous. Unless you have at LEAST 5k in an account you will probably get killed.
 
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