I believe it does not, but I am not sure. Also, my understanding is that you want to have a fairly large account to trade forex, as it is best to trade positions of $100,000 - (but brokers will often give you 100x+ leverage, but that gets more risky).
My numbers are probably off - I don't trade forex. On Fri, Dec 10, 2010 at 11:40 PM, David <[email protected]> wrote: > Great thanks! > by the way - does Forex fall under the category of "Pattern Day > Trader" or considered to be like futures? > > > On Dec 11, 3:40 am, ShaggsTheStud <[email protected]> wrote: > > Yes, just $10k. > > > > the $25k is the minimum required amount by the SEC for people who exibit > the > > behavior of a "Pattern Day Trader" (google that), of stocks or options > (but > > not futures, I believe, which is the main instrument traded by people > using > > JBT). > > > > If you are forward testing, you are not trading at all, so the SEC > doesn't > > care about you. > > > > > > > > > > > > > > > > On Fri, Dec 10, 2010 at 12:37 PM, David <[email protected]> wrote: > > > Hi, > > > I'm quite new here, I hope I ask the right questions.. > > > > > I followed couple message of those who already trade JBT + IB. > > > > > Are those people consider to be "day trader" and funded their account > > > with 25K $ ?(http://www.interactivebrokers.com/en/p.php? > > > f=margin&p=dt&ib_entity=llc) > > > > > My main goal as for now is only using the forward test functionality > > > and record data to use for back tests - in that case I need to fund > > > only 10K ? (http://www.interactivebrokers.com/en/p.php? > > > f=minimumDeposits) > > > > > I know maybe I should ask IB but I got the feeling they are not so > > > responsive and maybe you guys already at that point... > > > > > Thanks! > > > > > -- > > > You received this message because you are subscribed to the Google > Groups > > > "JBookTrader" group. > > > To post to this group, send email to [email protected]. > > > To unsubscribe from this group, send email to > > > [email protected]<jbooktrader%[email protected]> > <jbooktrader%2bunsubscr...@googlegr oups.com> > > > . > > > For more options, visit this group at > > >http://groups.google.com/group/jbooktrader?hl=en. > > -- > You received this message because you are subscribed to the Google Groups > "JBookTrader" group. > To post to this group, send email to [email protected]. > To unsubscribe from this group, send email to > [email protected]<jbooktrader%[email protected]> > . > For more options, visit this group at > http://groups.google.com/group/jbooktrader?hl=en. > > -- You received this message because you are subscribed to the Google Groups "JBookTrader" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/jbooktrader?hl=en.
