09-01-2009, 01:45 AM
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Join Date: Jul 2008 Location: Nunya Thanks: 283
Thanked 208 Times in 145 Posts
| Re: Question About Brokers and NinjaTrader I'm not one of those people who think you need a lot of capital to trade, depending on your max draw down and how disciplined you are, I think $2,000 is plenty. Below that though and even I think you are pushing it. No matter what your style I think $2,000 per contracts is pretty barebones as far as a trading account goes. To each his own, my only advice is that with that small of an account you better have a very solid system and be very disciplined. Thats just my opinion. A lot of brokers require $2,000 to open an account, but they don't require $2,000 to be maintained in the account. Of course I don't know why on earth anyone would just have the minimum margin in their account. One tick in the red and you would probably be liquidated, and at the every least not be able to trade anymore when 1 loss is taken. That sounds like a recipe for disaster to me. My advice is save up the $2k.
Ninja is not free when you start to trade real money. It's only free while your sim. They do have some options available including one that allows you to pay around $200 every 3 months or so.
I don't want to sound preachy, but be careful. Trading is zero sum, you're trying to take my and many other peoples money and most people don't want to give it away easily. Be sure you are prepared. Good luck.
__________________ "You have to recognize that every 'out front' maneuver is going to be lonely. If you feel entirely comfortable than you're not far ahead enough to do any good. That warm sense of everything going well is usually just the body temperature of the herd. Only if you're far ahead enough to be at risk do you have the chance to reap large rewards." |
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