My goal is to be a day trader of equities & forex, but I've been getting some mixed info while practicing. Would love to get the most realistic practice I can.
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What sort of rules/restrictions are there for equity trading? I seem to remember I read a long time ago that you couldn't short an already falling stock, but now that doesn't seem to make sense. Same question about rules/regulation of Forex trading.
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What's the typical time for equity orders to be filled, and what's the typical commission for entering and exiting a trade? Investopedia does a 20min wait for orders (open and close both), TradingView is instant. Investopedia charges $19.99 commission for entry then again for exit, TradingView doesn't factor in any commission.
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Are there any restrictions on the frequency at which I can trade equities? For example, I shorted AAPL at around 10:30am EST, closed that position with ~$340 profit less than 40min later. If this wasn't with fake money on TradingView, would I even be permitted to close that position, or would I be violating some regulations?
Thanks for any help!
Submitted August 19, 2015 at 05:53PM by FutureChuck http://ift.tt/1K6XTTm
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