Just lie on your applications, no one checks or cares. Don't listen to stock 777, he's a child who has never even funded an account before. Try infinity, amp, global, they'll all happily take your money. Just realize that you're most likely never going to see it again.
lol, this nitwit bashes me then says the same thing id did in the next breath. et has not only posers but schizophrenics.
hey guys thanks for the replies many of you have provided really good advice that seems to have come from past experience. With that said, I'm going to implement some more risk measures. First, i'm going to look for a job so I can fund my account better. If I manage to set one up for $3 grand I'll only go long positions and avoid the opening half hour unless its a set up I've seen before and fits into to my timing rules. Didn't think I would draw this much of a response, but thank you again.
<a href="http://s1219.photobucket.com/albums/dd438/bswansen1/?action=view¤t=41XK8YTQBZL_BO2204203200_PIsitb-sticker-arrow-clickTopRight35-76_AA300_SH20_OU01_.jpg" target="_blank"><img src="http://i1219.photobucket.com/albums/dd438/bswansen1/41XK8YTQBZL_BO2204203200_PIsitb-sticker-arrow-clickTopRight35-76_AA300_SH20_OU01_.jpg" border="0" alt="Photobucket"></a> Read this and then meet me in AC this weekend, we'll play a little roulette and you'll have the 10k to open an account with IB in about 4 hours. But then you'll wonder why trade when I can just play roulette? Although now that I think about it with only 3k we would probably have to go during a week day when the min bet is $5. Can't you buy options? That is how I started, but that was in 1998 and I was just lucky as shit. And the last idea I can think of is with 3k you can buy quite a bit of weed if you can find a wholesaler. Omg i need to to get a fucking life....
When you open an account, you need to specify your net-worth. If the $3000 is all you have, every firm will turn you down. Not sure about the numbers and the exact legalese, but you can only deposit a certain percentage of your networth. You can fill in fantasy numbers in the account application, not sure if thats the best idea tho.
levitation, I think Amp Futures only requires 2K to open an account, but customer service isn't the greatest.. Also, as others already pointed out, using stops that small isn't realistic unless your entrys are perfect. Its not fun when you get stopped out of a trade and your wrong, but its hurts even more when you get stopped, then price moves right to your target.. I make 2 to 3 ES daytrades a week, I dont post publicly, but I can post them on my private twitter account. PM me if your interested.
The Spec Initial Margin Requirement listed by CME for the ES as of 09/17 is $5625. Honestly, no FCM is going to take on that kind of risk and go through the effort of setting up an account and execution platform settings for such a miniscule 'haircut' upside - even with 'daytrading' risk parameter tweaks. Even for daytraders, many FCMs have risk systems that assign market exposure to things like unfilled working orders.
levitation, you'd be playing in a very dangerous game do you have student loans to repay ? one of the major threats of futures trading is 'overloss' this occurs when the price goes against your position, blows thru your stop, and your trade is finally closed a few thousand dollars below your entry, resulting in a loss in your account greater than the last balance, meaning you have 24 hours to repay what you owe - think of the May 5 ES crash if you want to trade trade forex demo accounts are usually unlimited, many fx brokers provide MetaTrader 4 - MT4 - which is an excellent charting/order entry program many brokers offer micro and mini accounts and with some brokers you can trade will as little as $1 don't write you have an interview on an application, say you work contruction for your father, say you've got x years trading experience, brokers don't check fx/currency trading is very similar to trading the ES and there's NO OVERLOSS fx leverage is being lowered to 50:1 in the US but still much higher in other countries also the margin to hold a position overnight does not increase so fx lends itself to day-to-days trading demo trade for a while and see how you get on then decide how much you want to open an account with - $250 $500 $1,000 some brokers have minimums but you've got more than required with $3K some 'offshore' fx brokers offer the ES but the commission is $15-25 rt some fx brokers - there's hundreds: http://fxtrade.oanda.com/ doesn't offer MT4, uses own dedicated software FXTrade i use Oanda and enter orders via their software but do analysis on an MT4 demo http://www.alpari-us.com/ MT4 only http://www.fxcm.com/ offers MT4 and its own software etc, etc, etc fx specific forums: http://www.forexfactory.com/ http://www.forex-tsd.com/forum.php http://www.moneytec.com/index.php no doubt there'll be some flames screaming 'fx bucket shops' etc by wankers who don't know any better and losers who know fa about trading, but bear in mind the people who regulate futures trading - CFTC and NFA are the same ones regulating fx brokers - similar for EU countries also