I currently trade with TradeKing and I want to open a Margin Account. Currently I am a student who has no job and my account is more than the 25K needed (80K). My question is do you have to have a job/career and earn more than 25K in salary to open a margin acct ? As long as the requirment is made is that all you need ?
whatever the answer is ,I'll tell you one very important thing....DON'T DO IT. Don't borrow money to trade unless your skill is greater than your nerve.It's one of the worst feelings in investing, HAVING to sell something that's working for you to pay off something that didn't