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If you would like to make funds speedily - swing trade futures and not stocks. Particularly if you are a newbie thinking of going into trading part-time or full-time. Lets examine the differences beginning with stocks:

You'll want to a minimum of an account size of $25,000.00 as required by your broker to swing trade or day trade stocks. There is certainly a wash rule in stocks. You'll want to track more than one particular stock to create decent cash as of late. Stocks usually are not that liquid and it takes extra time to obtain out of your position(s) quickly.

Now lets examine futures: it is possible to commence with as little as $10,000.00. There isn't any wash rule in futures - go in and out as numerous times as you deem required. You only need to have to track one particular index; either the e-mini Dow Futures or the e-mini S&P Futures to make decent income today and another advantage is that some trading systems offer auto-traded accounts where I have never heard of a service that has auto traded accounts available for stocks. Futures are highly liquid and it is possible to get out in a matter of minutes.

Auto traded futures accounts make sense should you are new to trading, desire to trade part-time, have limited cash to outlay or you need to stay home with the kids and need to trade full-time. A complete service futures broker will charge you a round trip commission of $50. 00 whereas an auto traded account will charge you as tiny as $7. hot penny stocks 00 for a round trip commission and place the trade for you automatically; all you have to do is receive your statement, review it and keep a record of those statements for calculating capital gains to be paid to Uncle Sam.

Don't be the product, buy the product!