Newbie Questions ..

[eagle75 10]

hi everybody ..

 

planning to open an small account (about $1200) to trade ES

 

so amp is my choice as $500 minimum starting account and day margin as $400

 

- is there is other better broker ?

 

- and about the margin call , if my balance is $1200 and the day margin is $400 so i can open 3 es contracts

if i open at first 1 contract and after about 20 ticks (in profit) adding another 2 contracts

did i am going to have an a margin call ? or till my balance get to red area ?

 

thanks in advance (sorry for my english !)

[khamore1 10]

Get any broker but AMP those people are thieves no good trash. You could use TrasAct/Infinity or anyone else

[MCM 10]

Save your money...trading a contract that has a notional value of 65K with a 1200 dollar account is asking for the big leverage stick to whack you quickly. A mere 120 dollars...which is 12 ticks on 1 contract, 4 ticks on your 3 contracts you mentioned..is 10% of your account. If you think you can survive long risking 10% per trade - send me your 1200 dollars...Ill send you back 600 dollars and you will be getting a better deal than AMP or anyone else will offer.

 

Paper trade until you save enough. No way to save enough? Find another job...and save the money. Remember the hours you worked to save that money. Than when you trade the 10-20K in your account..you will remember how long it took to obtain.

 

Market isn't going anywhere anytime soon. And I assume you are not trading to support yourself.

 

Good luck.

[eagle75 10]

thanks

 

i hear things about amp .. so my second option is mirus ($2500 to start)

 

about risking .. if my account is 10k or more .. i will not risk more than 2% in a trade .. but if my account is 1 or 2k and i test and practice my strategy in sim :missy:.. dont mind to risk 10% per trade ..