How to start trading?
- Thread starter evasmith
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If you decide to work with an unregulated broker, you risk losing money.
When working with a regulated broker, clients are protected from fraud. Those investors who work with a regulated broker, in case of bankruptcy of a brokerage firm, may receive compensation. Also, such brokers are required to comply with all the rules of the regulatory organization.
Of course, this does not give a 100% guarantee against various kinds of troubles, but you are at least sure that your finances are in good hands.
When working with a regulated broker, clients are protected from fraud. Those investors who work with a regulated broker, in case of bankruptcy of a brokerage firm, may receive compensation. Also, such brokers are required to comply with all the rules of the regulatory organization.
Of course, this does not give a 100% guarantee against various kinds of troubles, but you are at least sure that your finances are in good hands.
I trade with TradeStation ( US regulated broker ). Their execution is top notch. To get your own strategy ( Yes - YOUR OWN STRATEGY ) you need to trade some time ... it took me 3 years. Because there are so many derivatives to trade ( stocks, options, futures etc ) that you must understand what you're comfortable to trade at, what's your risk managment, you need to define your rules to be profitable and last but not least - You must know︀ yourself and you must learn to transform yourself ( learn from your mistakes ). Some︁ say *It's the hardest easy money.*
With unregulated broker you︄ can trade without PDT rule ( Pattern Day Trade rule ). That means if you︅ trade with US regulated broker and have less than $25k in your account then you︆ can execute 4 trades in 5 days. But many don't know that you can get︇ a *cash account* with US broker and trade as much as you can with only︈ one restriction - used money settle the next day or after 2 days depends on︉ what you traded.
Hope that helps
With unregulated broker you︄ can trade without PDT rule ( Pattern Day Trade rule ). That means if you︅ trade with US regulated broker and have less than $25k in your account then you︆ can execute 4 trades in 5 days. But many don't know that you can get︇ a *cash account* with US broker and trade as much as you can with only︈ one restriction - used money settle the next day or after 2 days depends on︉ what you traded.
Hope that helps
With unregulated broker you risk your money but have advantages such as high leverage etc. And with regulated brokers your money is at low risk but there are many restrictions on the broker.
90% of retail traders lose 90% of their capital in the first 90 days.
You can't just watch some videos, self study and expect to learn to trade well. You need to find a good mentor and the really good ones are not on social media.
You can't just watch some videos, self study and expect to learn to trade well. You need to find a good mentor and the really good ones are not on social media.
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