BVC AW Blog

Last month I was trading some tech stocks in my online broker account and I bought some Google shares in the morning and later sold them before the close of the NASDAQ. The next day I get his message in my account that says I have been flagged as a prospective day trader and that if I do this one more time, I will have to maintain as much as $25,000 in my account. Well that’s a big problem from me, cause right now I only have about 5k in my account. I did some research and found out that this is common practice for brokers if you buy and sell securities in the same day. So I spoke with a good friend of mine and after telling him what happened, he convinced me to try forex trading. I have found forex to be much simpler, far less restrictive, and I don’t even need to maintain a margin account to trade large lots of currencies.