newtrader80
Newbie
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I really appreciate all the explanation on this page and would like to thank who did it, but I was just wondering if I am right to think that on this page:
http://www.trade2win.com/boards/first-steps/
the following statement is the opposite of what it should be?
"On the broker note, most people recommend that a margin account is better than a credit account. The reason behind this is that you should only trade with money you can afford to lose. When you start out, it’s more than likely that you will have some losses, and it’s best not to be in a situation in which your broker is in a position to continue lending you money - you don’t want to let it get out of control! Margin accounts simply stop operating once your capital falls below a certain level, and it’s up to you to fund it again. Hence, you are in control, not your broker. "
http://www.trade2win.com/boards/first-steps/
the following statement is the opposite of what it should be?
"On the broker note, most people recommend that a margin account is better than a credit account. The reason behind this is that you should only trade with money you can afford to lose. When you start out, it’s more than likely that you will have some losses, and it’s best not to be in a situation in which your broker is in a position to continue lending you money - you don’t want to let it get out of control! Margin accounts simply stop operating once your capital falls below a certain level, and it’s up to you to fund it again. Hence, you are in control, not your broker. "
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