baseballeyeq

I am a new to futures trading. I understand that futures contracts are settled the same day. Does this mean when you buy, say 1 crude oil contract, then sell that contract, you can use those same funds again for trading? Once a position is closed out are you able to immediately re-use those funds in futures trading? Thanks for the help.

Thanks everyone.

What are some of the best places to trade futures online? Also, What is their account minimum to open? (I'm looking for a service that is as simple to use as Scottrade is with stocks.) Thanks

ok. It seems clear to me now. Thanks for all the help.

So the "T3" rule does not apply to daytraders with $25,000/$30,000 in their account. Therefore daytraders with that balance are able to trade an umlimited number of times during a day without being subject to any "3 day" settlement restrictions. Correct? Thanks for the reply.

Thank you very much.

Hi. I am rather new but familiar with a three day period where you have to wait for a stock trade to settle. For example: I can buy Stock A then Sell Stock A, but if I buy another stock I cant sell that until the three days from my first buy are over (because the funds have to "settle"). Does this same 3-day settlement period apply to daytrading? If one wants to buy and sell several times (say 10) in a single day, does there have to be enough "settled" money to cover all of those trades, or am I restricted to the amount of sellted funds/margin that I have available. Does the $25,000-$30,000 account minimum or margin trading have anything to do with being able to trade many times in a day. Basically what I am asking is: can a daytrader (with the account minimum requirement) buy and sell as many times in a day as they would like? Any help would be greatly appreciated. Thanks.