Can I ask some question about margin account? If I have $100,000 cash in margin account, How much is margin buying power? 2 times higher than cash money? so margin buying power is $200,000?
I am new to trade usa stock , What mean overnight? what mean Intraday ? overnight means I buy stock today and dont sell today? Intraday means I buy stock today and sell all today?
If Intraday stock trading, must I pay margin interest? or I must pay margin interest only for overnight?
You pay interest on margin only if you hold overnight. There is no interest for use of margin intraday. -Raystonn