Hi Everyone,
Mr Newbi here, how is everyone?
Great site with lots of valuable information so glad I came across it. Not as negative as another website that’s around. :cheesy:
Anyways I need some of advice on how I can go about opening a commodities brokerage account. (Sorry if I’m in the wrong section here)
I know, I know, before anybody jumps at me I have been doing my research and I’m fully aware of the risks. I’ve been testing out some strategies through paper trading and feel I have enough of an edge and the psychology to go live.
My goals are not to achieve 100% returns every month. My objectives are to survive for the first year and not to have any loosing months. This in itself will be a huge task I know, but I’m conservative by nature and find risk management much easier to embrace than 100% returns every week with large drawdowns!
My problem at the moment is I can’t find a broker that will allow me to open an account! lol All the reputable brokers such as IB need proof of 100 trades before I can open an account.
Are there any decent brokers out there that I could sign up with that don’t have such requirements? It’s understandable why they have these theses rules in place but unfortunately it penalises the sensible ones that take trading very seriously.
Btw due to personal reasons I will not under any circumstances open a spread betting account.
Anybody have any suggestions?
Thanks in advance.
Peace..
Mr Newbi here, how is everyone?
Great site with lots of valuable information so glad I came across it. Not as negative as another website that’s around. :cheesy:
Anyways I need some of advice on how I can go about opening a commodities brokerage account. (Sorry if I’m in the wrong section here)
I know, I know, before anybody jumps at me I have been doing my research and I’m fully aware of the risks. I’ve been testing out some strategies through paper trading and feel I have enough of an edge and the psychology to go live.
My goals are not to achieve 100% returns every month. My objectives are to survive for the first year and not to have any loosing months. This in itself will be a huge task I know, but I’m conservative by nature and find risk management much easier to embrace than 100% returns every week with large drawdowns!
My problem at the moment is I can’t find a broker that will allow me to open an account! lol All the reputable brokers such as IB need proof of 100 trades before I can open an account.
Are there any decent brokers out there that I could sign up with that don’t have such requirements? It’s understandable why they have these theses rules in place but unfortunately it penalises the sensible ones that take trading very seriously.
Btw due to personal reasons I will not under any circumstances open a spread betting account.
Anybody have any suggestions?
Thanks in advance.
Peace..
