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Quick question on margin interest.

Discussion in 'Trading' started by l4t13, Feb 23, 2007.

cashmoney69
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Quote from Raystonn:

*sigh*

Interest rates are quoted as annual, not daily. If you kept that $5100 loan for a year they'd charge you the amount you indicated.

-Raystonn
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:eek: .. thanks

#21 Feb 23, 2007

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walter4
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Quote from cashmoney69:

no wonder I trade small..

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#22 Feb 23, 2007

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Don Bright
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Quote from Raystonn:

*sigh*

Interest rates are quoted as annual, not daily. If you kept that $5100 loan for a year they'd charge you the amount you indicated.

-Raystonn
More...

LOL...yes, decimal points can be very confusing...it happens to the best of us.

Don :eek:

#23 Feb 26, 2007

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