LiveTraders Expert Tips: How To Get Started In Trading Stocks

Brand Stories January 7, 2025 27 mins read

Brand Stories ı By Live Traders

0 Comments

If you choose to take the next step, then you need to decide what type of account is best for you. Retail, Prop or CAP. These choices can sometimes be confusing, so I broke them down into simple descriptions below.

RETAIL ACCOUNTS

These are the ones you see on TV: ETRADE, TD Ameritrade, Scottrade and more. There is nothing inherently wrong with them, except that they require a minimum of $30,000 to intra-day trade, usually charge more for trading commissions and they don’t offer very good leverage, typically 4:1 intra-day and 2:1 overnight.

PROP ACCOUNTS

As mentioned above in order to take an ‘unlimited’ number of trades you have to have at least $25,000 in an account, usually more, because if you go below $25,000 you can no longer take unlimited trades. This is called the “Pattern Day Trading Rule or PDT” and it is a government mandate, not an individual company thing. These types of ‘retail’ accounts usually allow 4:1 leverage intra-day and 2:1 leverage overnight. Despite these stipulations, there are many ways to get around this rule, and start day trading with much less money. They include, but are not limited to Prop Accounts and Corporate Accounts.

Prop accounts will allow you to trade with as little as $3,000, and typically offer 10:1 and even 20:1 leverage which is good, however, in order to get these benefits you have to pass a series 56 test, provide access to all of your outside investment accounts and they lock your initial deposit for 1 year.

Benefits:

Low cost of opening an account
Impressive leverage
Daily maximum drawdown is controlled
Can get commission rebates
Multiple platforms to choose from

Drawbacks:

Ca ot hold stocks overnight
Must pass a Series 56 or Series 7 test
Have yearly mandatory FINRA continuing education (rules and regulations education)
1 year lock period on your initial deposit
Must list outside brokerage accounts (and pay a fee to do so)
Can only withdrawal your profits once a month

CORPORATE ACCOUNT

Corporate accounts are similar to a prop account, however there are a lot less restrictions. The entry price is roughly $3,000, leverage is usually 10:1 and up to 30:1. However, where they are vastly different is in their

Benefits:

Low cost of opening an account
Impressive leverage
Daily maximum drawdown is controlled
Can get commission rebates
NO Series 56 or Series 7 required
NO 1 year lock period
They typically offer education
Don’t have to list outside accounts
Multiple platforms to choose from

Drawbacks:

Ca ot hold overnight

The chart below does a good job of showing the differences between each account. Trading fees and costs can really add up, so it is important to make sure you have a clear understanding of what each company/brokerage charges for monthly platform fees as well as individual trading commissions. Most companies are only concerned with how much you can generate in commissions for them, thus they don’t offer educational packages and their customer support is sometimes lacking. It’s usually best to talk to experienced traders and get their opinion on which platform is right for you.

1 2 3 4 5...Next

Fox Hollow Mystery: Unraveling the Secrets of Baumeister’s Estate

1 Posts

Live Traders

Livetraders.com is a collaboration of professional traders: Anmol Singh and Jared Wesley who not only have a vast amount of market knowledge and experience, but also a hunger to help other aspiring traders become great. Here at Livetraders.com we wanted to be different. We wanted to show folks what REAL trading looks like. We offer various strategies and techniques that will suit the majority of aspiring traders. We educate on intra-day trading, swing trading, core trading and even options trading as well. Despite the challenges and the hard work that lies ahead for any new trader, there are also handsome rewards for people who are patient, disciplined and work very hard. These rewards are not just financial, but also with regard to freedom and flexibility with your time and lifestyle. Trading can be done from anywhere there is an internet connection, which makes this a truly special and unique business. Here at Livetraders.com we know all about the flexibility of this wonderful industry, because Jared and Anmol frequently trader from around the world in such places as Japan, Dubai, India, Canada, California, New York, and the Bahamas to name a few. Our goal at Livetraders.com was to build a trading community, of traders, for traders and of course by traders. Most of our clients come through word of mouth, which says alot! We pride ourselves in being upfront and honest with our traders, whether that means a $1,000 winning day or a $1,000 losing day. We want them to see how trades are executed and how to handle the many different scenarios that the stock market can throw at you. It is to this end that Jared and Anmol created Livetraders.com. We have gone through the myriad of pitfalls that this business inevitably dishes out to everyone and we survived through hard work, dedication and passion to success. We were able to do this for 3 main reasons: Dedication, Education and Persistence. So, if you are looking for a place that is open and honest about how to become a successful trader, then look no further than Livetraders.com. Jared and Anmol are here to help you achieve your dreams of becoming the best trader you can be. We've spent a long time mastering our craft, and now we have a platform to help others by showing them what successful, profitable trading looks like.

Discussion

Cancel reply

No comments yet. Be the first to join the discussion!

Don’t Miss It

Breaking News June 05, 2026

BREAKING: James Handy Death Investigation — ‘Top Gun: Maverick’ and ‘Jumanji’ Actor Fatally Stabbed in Los Angeles Home, Girlfriend’s Son Arrested in Homicide Case

By – Tyler Brooks

High Profile Court Cases June 05, 2026

John Gotti’s Grandson Arrested in Shocking Domestic Assault Case Just Weeks Before Federal Prison Sentence for COVID Fraud

By – Tyler Brooks

Entertainment June 05, 2026

Also on usaherald-com

Arizona January 11, 2025

Kelly Warner Law Firm Blames USA…

6/25/17 Learning of Mr. Levy’s filing to vacate another fraudulent…

By – USA Herald

Arizona January 4, 2025

Aaron Kelly Law Firm Resorts To…

Professor Volokh thereafter filed a bar complaint against Dan Warner…

By – Jeff Watterson

Arizona December 12, 2024

Arizona Bar Opens Investigation on Attorney…

USA Herald recently reported on a developing story involving Attorneys…

By – Paul O'Neal

Aerial view of a fenced prison complex with a central building and surrounding grounds; a circular inset shows a man's mugshot in the lower-left corner.

America June 2, 2026

Josh Duggar Appeal Denied as Convicted…

By – Jackie Allen

Person holds up a large black flag with white digits '9647' at a daytime protest; crowd and signs visible in the background under a sunny sky.

America June 2, 2026

Federal Judge Lets ’86 47′ Flag…

“Use of the statement ’86 47′ and other variations will…

By – Samuel Lopez

Pregnant woman in a brown dress raises her right hand to swear an oath in a courtroom, while a judge and two suited men observe nearby.

Entertainment June 2, 2026

The Diddy Fallout: Cassie Fights Back…

Two Diverging Paths These latest developments highlight an irreversible divide.…

By – Tyler Brooks

A man in a blue suit walks down a courtroom aisle flanked by two deputies in black uniforms with yellow patches.

America June 2, 2026

South Carolina Jury Clears Store Owner…

A South Carolina courtroom erupted with emotion Monday after a…

By – Tyler Brooks

Nighttime crime scene with yellow tape, a group of people in suits by a white SUV and a dark SUV, flashing lights in the background

Featured June 2, 2026

From a Casual Night Out to…

It Doesn’t Happen Here’: Quiet Suburb Left Shattered After Fatal…

By – Tyler Brooks

Concrete box with a teal shield emblem; a burning document sits on top, symbolizing secure data destruction or protection.

Investigates June 2, 2026

BALLOT BOX CRISIS: Will Latest Shockwaves…

Fragile Outlook for Democratic Integrity The dramatic events unfolding in…

By – Tyler Brooks

America June 1, 2026

Sleeping Dog Documentary Chronicles Jeremy Corbell’s…

For decades, UFO discussions largely existed on the fringes of…

By – Jackie Allen

America June 1, 2026

Kendall Jenner, Jacob Elordi and the…

None of this is a knell. I’d never bet against…

By – Nathan Kay

Nighttime scene of emergency vehicles with red and blue flashing lights in a row

America June 1, 2026

43-year-old Man Hospitalized After a Stranger…

Investigators Collect Critical Ballistic Evidence Crime scene investigators spent several…

By – Tyler Brooks

Satellite image of a large hurricane with a clear eye, spiraling white clouds over the Atlantic Ocean seen from space, near landmasses

America June 1, 2026

Hurricane Season Starts Today – Here’s…

Texas Faces Reduced But Dangerous Landfall Risk While the federal…

By – Tyler Brooks

Full moon in a blue evening sky framed by dark tree silhouettes.

America June 1, 2026

Rare Blue Micromoon Lights Up the…

The Moon’s changing apparent size is simply a consequence of…

By – Jackie Allen

Smiling man wearing a gray baseball cap and a woman in a blue sleeveless dress posing together at a social event.

America May 31, 2026

America May 30, 2026

Hollywood at a Crossroads: Spencer Pratt…

Spencer Pratt Presents a Competing Vision for Recovery While…

By – Jackie Allen

Woman in a black blazer smiles while holding a hardcover book with a blonde model on the cover.

America May 30, 2026

Hayden Panettiere has a Memoir About…

Rise to Fame on Heroes and Nashville Panettiere’s breakthrough came…

By – Jackie Allen

America May 29, 2026

Blue Origin Rocket Explodes in Massive…

Relevant Links Blue Origin Official Website NASA Artemis Program Federal…

By – Jackie Allen

America May 28, 2026

Alien Coneheads: New DNA Study Doesn’t…

Until then, the mystery remains unresolved. Science Versus Speculation The…

By – Jackie Allen

America May 28, 2026

Alien Coneheads: New DNA Study Doesn’t…

Until then, the mystery remains unresolved. Science Versus Speculation The…

By – Jackie Allen

America May 28, 2026

Trump’s Alien.gov Reveal Turns Into Immigration…

Stay Ahead of the Story For exclusive investigative reporting, breaking…

By – Samuel Lopez

America May 28, 2026

Federal Agencies Rush Public Patient Access The dramatic clinical success…

By – Tyler Brooks

Clear plastic clamshell packaging containing yellow chickpea cookies; front label reads 'CHICKPEA COOKIE' with Persian text and floral design

California News May 31, 2026

FDA warns public as cookie firm…

“The FDA is issuing this alert to ensure customers are…

By – Tyler Brooks

Donald Trump signs a document at a desk while a woman in white and several suited men look on, the presidential seal in the foreground.

Health May 31, 2026

Trump orders CDC to slash childhood…

Pediatricians Defy New Rules as Legal Battle Escalates The administration’s…

By – Tyler Brooks

Refrigerated meat display with a bold red WARNING stamp across the glass, signaling caution about meat safety.

Health May 30, 2026

USDA warns Americans over Salmonella in…

Federal Inspectors Order Kitchen Cleanout Federal safety teams are urging…

By – Tyler Brooks

America May 28, 2026

GKN Aerospace’s Biggest Battle May Not…

If evidence emerges showing that decision-makers knowingly ignored serious safety…

By – Samuel Lopez

America May 24, 2026

Garden Grove Chemical Crisis Sparks Class…

By Samuel López | USA Herald A full-scale legal and…

By – Samuel Lopez

Person in a USA jersey raises a sign that reads 'Protect Women’s Sports' at a rally outside a neoclassical building, with a crowd in the background.

High Profile Court Cases May 31, 2026

Supreme Court signals 27 states could…

Timeline of the Historic Legal Battles The path to the…

By – Tyler Brooks

Young male footballer with big curly hair wearing a blue and red Crystal Palace jersey, looking intently ahead on the pitch.

Sports May 31, 2026

Mauricio Pochettino sounds alarm on Chris…

Mauricio Pochettino sounds alarm on Chris Richards injury By Tylor…

By – Tyler Brooks

Soccer player in blue and red striped kit dribbling a ball on a green pitch with a crowd in the background.

International May 30, 2026

USMNT star Chris Richards tears two…

The countdown to the 2026 World Cup begins The United…

By – Tyler Brooks

America May 28, 2026

“Money” Mayweather Tucks Tail: $100 Million…

Because even though the lawsuit is now over, the questions…

By – Samuel Lopez

America May 27, 2026

Mackenzie Shirilla Sent Text Messages to…

Police later concluded there was no evidence indicating she had…

By – Jackie Allen

Entertainment May 26, 2026

Timothée Chalamet, Kylie Jenner ,Spike Lee,…

CLEVELAND, Ohio – A playoff showdown turned into a full-scale…

By – Tyler Brooks

No posts found.

LiveTraders Expert Tips: How To Get Started In Trading Stocks

RETAIL ACCOUNTS

PROP ACCOUNTS

CORPORATE ACCOUNT

Previous Article

Discussion

FOLLOW US

Recent Posts

Don’t Miss It

Also on usaherald-com

Signup for the USA Herald exclusive Newsletter

Signup for the USA Herald
exclusive Newsletter