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Old 02-12-2010, 10:38 PM   #9

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Re: Trading Capital

Dude if your going solo - find a broker that offers TT free. You wont get the pro version but you get most of the features. The catch is that you will pay a bit higher commission - closer to 3.50 RT.

As far as funds to start - the late great George Lane (inventor of stochastic) argued that regardless of how much capitol you have never give a broker more than $5000. With 5k there are numerous brokers that will let you day trade 8-10 cars. If you know what you are doing you can make a decent living with a 5k account.

If you need to trade more size I would suggest using multiple brokers. I think its quite obvious I don't trust ANY broker. Keep em on short leashes and regularly withdraw profits.

just my 2¢
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Old 02-13-2010, 12:37 PM   #10

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Re: Trading Capital

its encouraging to hear that 5K is feasible, I'm only looking to trade 1-2 lots in the eminis. I also would like to know if any of you guys know of brokers that accept Canadian clients. Any of them offer TT for free? I know AMP futures offer some interesting rates and TT but I don't know if they deal with Canadian clients.

Enochbenjamin, I agree with withdrawing profits regularly haha.

BTW thanks for the help guys I appreciate it.
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