Start-up Capital - Loans, etc...

www.cbot.com

check the futures brokers

http://www.elitetrader.com/br/

oil and index futures are very liquid products to trade

avoid illiquid products they are mostly for daytrading.

don't daytrade unless you are a professional...it's highly leveraged. and accounts can blow up in days or double in 1 day..




Quote from mdhtrader:

Alright, so I want to get into trading. I know this is what I want to do for a living, as I know I have the discipline and dedication to succeed and that I want to go with a prop firm. Problem is, I don't have $20-30k anywhere. Parents aren't rich so can't go there...and saving this amount will take too damn long even though I live way below my means...

So my question...do you think banks, gov't, etc have a loan or something out there? Considering its day trading would it be difficult to obtain? Ideas?

Anyone with experience, advice (or even an amount I could borrow, heh) would be greatly appreciated.

A little about me: college degree, good credit, eagle scout (for what its worth.)
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with only $5000 you are ready to rock n roll in the futures and forex arena with 10,000 other traders daily..it's like a big party every day.



Quote from kickboxers:

www.cbot.com

check the futures brokers

http://www.elitetrader.com/br/

oil and index futures are very liquid products to trade

avoid illiquid products they are mostly for daytrading.

don't daytrade unless you are a professional...it's highly leveraged. and accounts can blow up in days or double in 1 day..
More...
 
Quote from Joab:

You folks are missing the point.

Yes occasionally someone takes $5000 and turns it into $1 million BUT these cases are nothing but pure luck and that trader being in the market at the right moment with the right strategy.

PURE LUCK

Now if that trader wants to survive they will have to spend the next 7 years (average market cycle) refining and defining his skills to become a well rounded PROFESSIONAL.

This is a business folks and no different then any other.

The number one reason for failure in all business is UNDER CAPITALIZATION.
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Quoted because I couldn't agree more with the above. If anyone wants to start trading or any other business then treat it like one.
 
if you only have 5k i recommend you check out keystone. I am with them now, you pay them 4k and they train you and let you trade their money, and they manage your risk. I'm doing that now and i wish i had just done it in the first place.
 
can you trade remotely with them? because it doesn't look like they have an office in chicago

Quote from baggerlord:

if you only have 5k i recommend you check out keystone. I am with them now, you pay them 4k and they train you and let you trade their money, and they manage your risk. I'm doing that now and i wish i had just done it in the first place.
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Yeah, that is why they charge you 4k. Sort of a pseudo deposit, which you don't get back unless you cancel right away. But most people will lose 5k+ to learn so it seems good to me. I've been doing it about 2 weeks or so (remote) and am really glad i did it.
 
What do you mean you don't get it back, can't you opt out at any time and get a full payback? What are their commissions, how much leverage do you get? Do you have any contact info? I saw the website but I was wondering if there is anyone specific I can ask for. Thanks.


Quote from baggerlord:

Yeah, that is why they charge you 4k. Sort of a pseudo deposit, which you don't get back unless you cancel right away. But most people will lose 5k+ to learn so it seems good to me. I've been doing it about 2 weeks or so (remote) and am really glad i did it.
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