Trading the Russell e-Mini Live with a Small AccountMark | May 12, 2009
One question we get asked is what size accounts does a trader need to use the Universal Market Trader? Typically the minimum to trade forex is $1,000. The minimum to trade futures is $5,000. Stock depends on whether you are day trading ($25,000 minimum) or swing trading (perhaps $5,000 – $10,000 minimum) or Options Trading ($2,500 minimum) — now, those are just general suggestions. As you know, brokers will usually let you get by for less but we feel it’s important you capitalize properly. You do not want your leverage to be very high, nor do you want to risk a higher percentage per trade. That’s not how you survive as a trader. In addition, when we say $5,000 for futures, that amount will vary depending upon which futures market – for example it takes less margin to trade the Nasdaq e-Mini then it does Crude Oil or the Dax Futures. Our training covers all these topics to ensure you are trading the right places for your account size and controlling that risk.
Below you see a screenshot of a trading account we’re keeping track of and placing trades in real-time on the Russell e-Mini future. This market can be traded within the ranges discussed above and you can see how we’ve done so far this month in live trading. We’ll comeback and update this on occasion as well — clearly you can see even more important we’ve “paid” for the Universal Market Trader a couple times over — and we’re only part way through the month – click the image to see all the details:
Don’t forget to sign-up for a Weekly Webinar if you haven’t attended yet: Weekly Trading Webinar Schedule
And, scroll just below to learn how you can master the Universal Market Trader Live and In-Person just a few weeks from now!