0
If you have a stock trading account with a balance of zero and you no longer want to make any trades do you have to close the account Can you just let the account get negative with maintenance fees?
Wiki User
∙ 15y ago
yep.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What is the difference between trading a demo account and trading a live account?
Basically they are the thing but with one huge difference - while trading a LIVE account emotions gets in the way and interfere with the trader's decisions. That's the main reason why a lot of traders who done well trading the demo account can't get the same results with a live account. Greed and fear are usually what make traders lose their mind and eventually their money.
What is the best website to go to for an online trading account?
Stock Trading to go is a perfect website to go to online for a trading account. It has much variety and good directions. There are many reviews that will inform you on this specific website.
What is forex cent account?
Opening a cent account gives a trader a possibility to start trading in the Forex market with a minimum deposit and test his trading system when working with real money.The idea of cent accounts has been developed by LiteForex group of companies (www.liteforex.org) and successfully adopted by many dealing centers.Classic dollar and cent accounts differ only by deposit amount. Cent account balance is indicated in cents in a trading terminal which is a big advantage for beginners and lets them get an experience of working with sums of many thousands. For example, if you fund your account with $20, your deposit balance will be indicated as 2000 cents.Operating a demo account is a necessary experience as well but it doesn't enable a beginning trader to feel a psychological component that is always present when trading on a real account. Cent accounts discipline Forex traders and help them cope with emotions when making their first real transactions.Trading on cent accounts is carried out on the same conditions as on dollar accounts: quotes and automated order execution are the same for both types.Professional traders often use cent accounts for testing new trading strategies.
How does one open a trading account with iOCBC?
To open a trading account, one must go onto the iOCBC web link. Then click on the subheading named "accounts." Depending on what account the person wants, the person will then click on the preferred account, then follow the instructions to create their account.
How do you buy stock on your own?
Open a share trading accountLink the trading account with your bank accountSelect the stock you wish to buyPlace an order through your trading account to buy the stocksHere you go, now you own the stocks that you intended to buy
What are the final statements of the business?
final statements are trading account,profit and loss account,balance sheet.
What is a margin in commodities trading?
A margin in commodities trading, is the amount of money you have to deposit in your brokerage account before trading a futures contract. The margin amount varies on each commodity and fluctuates with the volatility of the markets. There is an initial margin amount required when entering a contract and "maintenance" margin amount that must be kept in the account at all times during the contract holding period, which is typically lower than the initial margin. The balance of your account will fluctuate with gains and losses on the contract and if the balance falls below the "maintenance margin" amount, you get a "margin call", which means you must deposit enough money to meet the margin or close your contract. If you don't do either of these options, the broker will close the position before the balance falls to zero.
What is the procedure of finalisation of accounts?
Check all the ledger account post the Jv in the respective accounts come out with final balance of the ledger account then start putting figures in trial balance & then prepare trading, profit & loss account & balance sheet for the respective year.
Who are the basic records used before preparing trading profit and loss accounts and balance sheet?
Basic records needed for preparing trading profit loss accounts and balancesheep is a trial balance.. A trial balance is the closing balances of each and every account entered in our ledger. Trading account shows us Gross profit while profit and loss account shows us net profit and in the end balance sheet shows us the Assets and Liabilities at the end of the financial year.. all direct expenses shown on trading accounts and direct income like sales shown in trading account while indirect exp and indirect income shown in p & L ac
Is rent a current liability on a personal balance sheet?
No, rent is an expense on the trading profit and loss and appropriation account. Rent due is a current liability on a personal balance sheet. Hope this helps. No, rent is an expense on the trading profit and loss and appropriation account. Rent due is a current liability on a personal balance sheet. Hope this helps.
What are the formats of financial aspect?
trail balance, funds flow statment and cash flow statement, trading p&l account and finaly balance sheet these are the financial aspects.
How do you do bar trading accounts?
a bar trading account is just like a profit an lose trading account use have sales then you minus less cost of goods sold then you have your opening stock at the starting of the year an then you add purchases an then you minus less closing stock at the end of the year an the balance that you get is called the gross profit.
How do you finalise the accounts at the end of year?
Finalization of Accounts: It is the accounts of Finanical Statement / Balance Sheet, Income / Earning statement / Profit & Loss A/c & All Ledgers which is finally accounted in Trial Balance for the company.
Where do creditors go on a profit and loss account?
Creditors do not typically appear on a profit and loss account. A profit and loss account only includes revenue, expenses, and net profit or loss. Creditors are typically listed on a company's balance sheet under current liabilities, which reflects the amount owed to them at a specific point in time.
What is the minimum balance for a stock trading account at E-Trade?
Commission-free trade offer applies to new Power E*TRADE accounts opened with $1,000 minimum deposit. But you can open an account with fees for less.
Can GE stock be bought online?
Yes. If you have an online trading account, you can Logon to your online trading account and buy it.
Why is closing stock not written in the trial balance but always written below the trial balance?
The reason why closing stock is not taken into account in a trial balance is because a trial balance is a balance of all ledger account a given point in time.It records only transactions which have a two way effect for EG:Purchases where goods are bought against cash or credit and sales where goods are sold against cash or credit..But closing stock is not a transaction having a two way effect any given point in time.It is only an indication of the goods lying in the factory at the end of the year.It is therefore showed below the trial balance and not in the trial balance.However in order to derive at the exact gross profit the closing stock is taken into consideration in the trading account and also appears as an asset in the balancesheet.In some case the closing stock appears as an adjusted purchase account in the trial balance and in this case it does not appear in the trading account but appears only in the balance sheet. The main reason is that we do not pass any entry for consumption. Hence we donot prepare any ledger account for it.
