Hey everyone, hope you all had a good trading week
I am opening an account with Suretrader on margin with around $5,000 (however, I would like to not use the 6:1 if I can help it)
QUESTION: If I place a trade for $1,500 and sell that position for $1,550 do I have instance access to all $1,550 to place a further trade or do I have to wait the 3 days for it to be settled leaving only $3,500 buying power.
Thanks in advance for any answer and have a top weekend.
p.s the position will be LONG AND SHORT as I do place both.
@TakeMoney Think @Fatbeetrader would disagree about not making that much in forex.
@GraniteState Tnx for answers.. Im planing to fund with Skrill - and if make something also withdraw with them. Ouch his dope. I didn't say u can't make big money, but thats low % per win.. And im study pennystock for about 3months grrr :/
@TakeMoney low % but adds up. think it would be easier to hit 5 1% a week then 1 15%, which is what i was trying to do I think was aim for home runs instead of base hits.
@NJC24 not being us residents we don't have a pdt issue. I would think your issue us more finding a broker that will five you the ability to trade for a decent price per trade. Sadly if you can't save IB which I strongly recommend then you are limited. I only use direct access software. I too am an UK citizen but have dual with Canada....PM your name and email I will have my CDN broker contact you and you can see if it helps.
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