First and foremost you will need to open an account with one of the brokerage firms.
What are the factors you need to consider before you open up an account? Some of the criteria you might have to consider are:
Account & Margin Requirements.
Features & Services.
Types of Products Offered.
Commissions & Fees.
Expertise & Reputation.
Account & Margin Requirements:
This feature varies from one broker to another. Some might require you to put down $500 while others might have a minimum deposit of $2000.
Margin requirements will also vary on the type of trading strategy you employ. Margin trading involves substantial risk and it is important that you become acquainted with your strategy before trading on margin. Most of the ***** brokerage firms make you sign an agreement form stating that you understand the risks associated with margin trading. This contract agreement is to protect the brokerage firms to ensure that traders understand the implications of trading on margin. For example, a beginner might short a stock in an uptrending market and could risk his account.
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