Got you, thanks. On Dec 11, 8:02 pm, Shane <[email protected]> wrote: > No, Forex trading is like Futures. No need to worry about the pattern day > trader reg. Max leverage is 50x in US now. > > On Sat, Dec 11, 2010 at 11:58 AM, ShaggsTheStud > <[email protected]>wrote: > > > > > > > > > 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%2bunsubscr...@googlegr > >> > > oups.com> > >> <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%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%2bunsubscr...@googlegr > > oups.com> > > . > > For more options, visit this group at > >http://groups.google.com/group/jbooktrader?hl=en.
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