After making the payment, you will be redirected to the page with all the details. If you have any questions or suggestions, feel free to get in touch.
This is the opinionof ourmembers.
We are not compensated by brokers, so we don’t have to share random alerts like typical forex signal groups.
❓ FAQ
If you are still undecided, the answer to your questions is most likely here. If you don’t find it here, you can get in touch.
Which broker should I use?
A broker recommended for day trading stocks. Right now, you have two options worth considering:
We cannot recommend a minimum amount, as it will depend from person to person. We do not provide individual financial advice. The value must take into account the risk you are willing to accept and the broker that you’re using.
For example, for TradeZero you can start using only 500 US dollars, while for Interactive Brokers you always need to have the balance above 2.000 euros (or US dollars), to open new positions using a margin account.
Will there be losses?
Yes, it’s impossible not to have losses, which is why the trading plan includes the necessary risk management and you should never open large positions, otherwise one trade is enough to blow up the account.
All trades have the same importance.
Unless you’re a 🧙♂️ wizard or have a🔮 crystal ball, it’s impossible not to have losses. If you believe not, day trading is not for you.
Do you day trade CFDs?
NO. CFDs, also known as Contracts for Difference, are basically a contract between the trader and the broker, so if you’re trading against the broker, it is obvious that they will try to do everything they can to manipulate the result of force losses.
We do not trade CFDs and you should consider NOT doing so. The risk and absurd commissions are not worth it.
Why don’t you day trade Forex?
NO. Forget Forex, because with most forex brokers, you are not actually trading forex, but rather forex CFDs and therefore we know very well how it ends.
When opportunities for big moves arise, CFD brokers will increase the spread, meaning you will not be able to make money on the opportunities, not to mention your order is never placed on the market and you are trading against the broker, therefore your loss It’s the broker’s profit.
It is no coincidence that 99.99% of forex groups are scams. Most of it is free because they make money for each trade, so they will post random trades.
Can I try the Trader Mago day trading group?
Yes. Thinking about people who have doubts and may even think it is a fraud or illusion, the 1-week pass is available. It costs 30€ and most of the time, just 1 trade is enough for the value of the pass to be paid.
Whether you want to take risks or not is your decision. Our members recommend the group.
What is the price of the stocks traded in the group?
We trade stocks that on average cost between $1 to $20 per share, so it is possible to open a reasonable position using little money. Here we trade whole shares, no fractional shares.
If you want to “play” with fractional shares, this group is not for you.
In which stock exchange the traded stocks are listed?
We day trade stocks listed only on US Stock Exchanges 🇺🇸, the NYSE (New York Stock Exchange) and the NASDAQ. These are the two exchanges where opportunities for day trading appear daily.
We don’t day trade stocks listed on OTC Markets.
Why not day trading European 🇪🇺 stocks?
There aren’t so many opportunities daily, commissions are high and liquidity low.
All content published on the website, in the trading group on Telegram of tradermago.com, and in any other medium associated with tradermago.com is intended for informational and educational purposes only. It should not be considered as financial or investment advice. Trading stocks involves significant risks and may result in the loss of all invested capital.
Trading stocks requires knowledge and understanding of financial markets. Past performance does not guarantee future results. Any reference to past performance or trading history should not be interpreted as a guarantee of future results.
Visitors to this website, the trading group on Telegram, and any other medium linked to tradermago.com are responsible for conducting their own research and analysis before making trading decisions.
No information on this site constitutes an offer to buy or sell securities. The decision to invest or trade stocks is the sole responsibility of the visitor.
By using this website, the trading group on Telegram, and any other medium linked to tradermago.com, you agree to hold the owners, writers, and affiliates harmless from any liability for losses or damages resulting from the use of the information provided.