Better newbie question

Discussion in 'Financial Futures' started by jasrlew, Jul 1, 2003.

  1. jasrlew


    I have Technical Analysis experience and I have traded stocks. Is there a way to utilize this experience with SSF's? Say, I want to trade NXTL SSF. It's at say..$16, my target price I believe it will rise to is $16.80 intraday. I have $5,000 to risk, what would be the next steps? Thanks in advance!
  2. hwaxen


    1. Get information from the exchange so you know the in's and outs of placing an order, initial margin, maintanence margin.

    2. Read everything you can about money management, that is placing and maintaining stops.

    3. Find out if your capital meets the requirements of any on line brokers you want to use. Repeat step 2.

  3. jasrlew


    :) Good point...Just trying to figure out how it all works.