trading the US markets

This is a discussion on trading the US markets within the First Steps forums, part of the Reception category; hi all, just a bit confused atm. do you need $25k to intraday trade the Dow? or is this just ...

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Old Mar 21, 2003, 4:25pm   #1
 
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trading the US markets

hi all, just a bit confused atm. do you need $25k to intraday trade the Dow? or is this just Nasdaq? cheers
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Old Mar 21, 2003, 6:03pm   #2
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Dow Future

Hi Suggy,

You need $25K to be a "Pattern Day Trader" of Nasdaq stocks. For trading the Dow future with Ifor example Interactive Brokers you would need at least $2000 to open an account.

I hope this helps


Paul
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Old Mar 22, 2003, 10:15am   #3
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...and you need to maintain your account at $2,000 (it musn't drop below that amount - unless you are already in the trade).
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Old Mar 22, 2003, 11:12am   #4
 
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If you trade it through FINS, you can get an account for 100..... Don't expect to make a grand a day though.
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Old Mar 22, 2003, 7:50pm   #5
 
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:cheesy:

suggy started this thread thanks for the info folks
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