Say you got 30 k, Say you can trade too, you won't be making money with IB

Quote from G for God:

if you take 30 k and trade futures with IB, the best you can do is 100% return in 8 months.
You won't make it rich with IB in time and still be young.
I am with IB now and with declining volatility and ridiculous margin requirements
forget it
but you guys still don't know how to trade so I imagine this isn't a problem for people on ET
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Well if you think IB is expensive, try TOS.
I get to pay >7500 to trade crude.
4k to trade TF. And they just reduced that from 5500.
And >5600 To trade ES.

Cap it off with a $7 Round trip commision

But nonetheless, money is still being made.
 
Quote from mister_doodi:

Whats the difference between trading 1 contract on 7500 margin and trading 1 contract on $500 margin? Your mother.
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you ask a question too complicated for ET members

good question though :), lets see if anyone here can understand the basics

no wonder so many of you are poor
 
Quote from andread:

isn't ib setting margins as set by the exchange? Where can you find lower margins?
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I was with IB for a long time until I saw the light

Research Mirus Futures, 500 per car

top notch broker
 
Quote from The Scientist:

I was with IB for a long time until I saw the light

Research Mirus Futures, 500 per car

top notch broker
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Interesting. Their site indeed says that they have a day trading margin of 500$, whereas the overnight margins are set by the exchange. But aren't all margins set by the exchange?

check the CME requirements

How can they give margins that are less than these?
 
Quote from The Scientist:

API you bet, what part of TOP NOTCH broker don't you understand
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the part that tells me where to find some info about that on the site.
Thanks, it took me a while but I got it. They also seem to be fairly platform independent. I'll keep it in mind.
 
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