bottom line, just go w/ one of the prop firms. a ton discussed here on the prop firms forum. most will let u start out w/ 5k deposit and give u 20:1 leverage w/ 100% payout.
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daytrade with less than $25000?
- Thread starter paul_alan
- Start date
Quote from jazzsax:
questrade's webtrader platform is not robust..... it simply shows you the net p/l based on the previous days closing price.
You might want to look at their Axis product for more active traders, or cybertrader pro. those should have real time p/l calculations.
I just downloaded their cyberpro software to demo. Much more like it.
Accumulating 25K shoudnt be that hard if your a serious trader...
Quote from stock_trad3r:
Accumulating 25K shoudnt be that hard if your a serious trader...
But im not a trader yet. Not really. Basically I have found that I can make between 50-100c everday (on a demo) trading stocks. I cant do it trading forex or futures. I have traded on and off in the past few years with real money but always futures or forex, and I dont mind telling you that I was an overall loser.
It would take me a long time to save up the required money hence my initial post. Either way, I may have foind something in Questrade.
Quote from pattern_trader:
bottom line, just go w/ one of the prop firms. a ton discussed here on the prop firms forum. most will let u start out w/ 5k deposit and give u 20:1 leverage w/ 100% payout.
Could you please name some of these prop firms please? I know of Tuco (10K initial deposit) and SMB Capital. Both even dont require a license. Btw. they should offer remote trading.
Best regards
Saico
At Terra nova, you can day trade with under 25k, but you can only trade up to your account value.
So, at the moment Im thinking about opening an account with questrade. I am from the UK and used to CFD type trading so I wonder If you can help me clear some stuff up.
Commissions say: $4.95 - 1c per share, minimum $4.95 per trade.
So, if I buy 100shares of ABC and then close them do I pay $4.95 in commisions? or do I pay $2?
Earlier on the demo when i tried to close a 100share trade it done it in two parts. closed 50shares and then closed another 50 shares a split second later. The platform said that that particaular trade was '3 executions' - Does that mean that i'd pay even more in commissions?
Since downloading the cybertrade platform a few hours ago I have made another 55c (although going through the maths I would possibly be down on the day due to commissions)
Commissions say: $4.95 - 1c per share, minimum $4.95 per trade.
So, if I buy 100shares of ABC and then close them do I pay $4.95 in commisions? or do I pay $2?
Earlier on the demo when i tried to close a 100share trade it done it in two parts. closed 50shares and then closed another 50 shares a split second later. The platform said that that particaular trade was '3 executions' - Does that mean that i'd pay even more in commissions?
Since downloading the cybertrade platform a few hours ago I have made another 55c (although going through the maths I would possibly be down on the day due to commissions)
Quote from saico:
Could you please name some of these prop firms please?
Here's a comprehensive list of prop firms