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Interactive Brokers calculates and charges a daily "Exposure Fee" to customer accounts that are deemed to have significant risk exposure. The charge for such accounts is based on the results of stress tests performed to determine exposure to a series of prices changes and to identify accounts that, while margin compliant, have potential exposure that exceeds the account's equity were these hypothetical scenarios to occur.
Exposure Fees apply only to a small percentage of accounts with unusually risky positions. Most accounts are not subject to the fee, based upon recent studies. The Exposure Fee differs from a margin requirement as the amount of the exposure fee is deducted from the account's cash balance on a daily basis. Please note that the exposure fee is not insurance against losses in an account, and a client remains liable to Interactive Brokers for any debt or deficit in an account, regardless of whether an exposure fee has been paid at any point.
Each day, as part of its risk management policy, IB simulates profit-loss scenarios for client portfolios based on hypothetical market movements of certain magnitudes "Exposure Analysis". The scenarios examined may exceed the parameters used by various exchanges for determination of minimum margin requirements.
Each day, as part of its risk management policy, IBKR simulates thousands of profit and loss scenarios for client portfolios based upon a comprehensive set of sector-based market scenarios for all pre-defined primary risk factors. Following that simulation, all other product s in the portfolio are adjusted based upon their respective correlation.
These market scenarios simulate events such as price changes in the underlying, both up and down, along with implied volatility shifts in portfolios, including options positions. IBKR calculates an Exposure Fee for the account based on the potential exposure in the event that these projected scenarios occur. The Exposure Fee is calculated on all calendar days and is charged to the account at the end of the following trading day.
The exposure fee charge on Monday's activity statement reflects the charges for Friday, Saturday and Sunday. Exposure Fee calculation periods which include a holiday are determined in the same manner as that of a weekend. The fee is calculated on the holiday and charged at the end of the next trading day. Margin Trading Margin Requirements. Wizard View Table View. Your country of legal residence. The exchange where you want to trade.
Notify me of follow-up comments by email. Notify me of new posts by email. Full Review Learn More. Both offers have a direct deposit requirement. Contents 1 Featured Brokerage Promotions 1. Featured Brokerage Promotions Here are some of the top brokerage offers at the moment.
Learn More at TD Bank. Try out their platform for active day trading for 14 days. As a bonus, when your first 3 friends fund, you get an extra free year. Click on the offer for all bonus tiers.
Premium accounts have a 0. Click on offer to see all bonus tiers. See offer for all bonus tiers. Just use the link. I'm all about finding new finance-related promotions and bonuses here at MoneysMyLife. The first thing I did after reading the Ultimate Trading System was to write out my trading system. Something I had never done before.
Then I put up four 3X5 cards that I see twice a day. Since doing this my trading has improved. During the month of January I did 20 options trades. And guess what the losers were from trades I did not following my trading system. I will be following my plan from now on. I've been searching for a trading system that works for me and all I had to do was write out what works for me and follow it. I know that by following my trading system I will get trading losses.
It's just part of the business. But now I have a written plan and system to follow and my trading losses will be small. Once again thank you for putting the time and effort into the Ultimate Trading System.
I find the material to be very usefull for new traders provided they take it to heart. I believe that everybody needs to find their own sweet spot when it comes to trading system and which market they trade.
Through all the chapters, the different subjects are presented in a very simple and understandable way. You have succeeded to make them simple but not simplistic. This way allows this book to be read profitably by newbies but also by more experienced traders. The idea to write those objectives remember me this is a contract a trader makes with himself, thus it's importance.
The trading psychology is particularly enlightening. The discipline and the confidence in trading come by learning and praticing until the necessary skills become second nature. For me, this is the most important chapter in your book.
All the other chapters give an operational approach about how the trader should design a winning trading system he will feel comfortable with, in accordance with his realistic objectives. In this point of view, the comparison of several trading styles and markets are a great help. A central chapter shows also the importance of having a trading plan with its practical, psychological and evolutionary aspects.
There is then a clear description with the elements a trading plan must contain: These are a must. It is also very useful to address the delicat problems of the choice of the charting software, the data providers and the broker, with clear questions and practical advises.
You have compiled a down to earth explanation of vital information. The trading experience can be either supremely rewarding, or utterly debilitating. Strict adherence to the principles discussed in your book will lay a firm foundation for ensuring a trader enjoys the rewards. I really enjoyed reading UTS2. My first reaction to it was "56 Pages? The book has reinforced to me the necessity of having a written trading plan, money management and back testing.
I have heard these over and over, but I have never really committed to doing them. As a matter of fact, I have decided that before I make my next trade, I will finish writing my trading plan and stick to it during my trades.
For example, following all those emails to see what new strategies they are offering, but as you have mentioned in the book, if I have a written plan, and have back tested my system, then there would be no need for me to go chasing after every email to see if their system is indeed better. Maybe if I had realized this fact a while ago, I could have saved myself thousands of dollars. I would definitely recommend this book to both beginner and experience traders. It was a good job pulling this information together.
Taking a systematic step-by-step approach, this "blueprint" discusses all the aspects of designing and implementing a trading system, and explains clearly the reasons for each decision. I found it a detailed route map to planning to trade profitably. Early on there is an overview of what the reader wants to achieve, so that the type of trading and the financial instruments can be decided.
This forces you to stop and think instead of plummeting into failure by trading in the wrong way for you. It also explains why buying an off-the-shelf system may not be a good choice.
The chapter on entries puts the topic in perspective, by quoting from Van Tharp. This is a lesson that many traders have still to learn. I like the way snippets of MetaStock code illustrate clearly how to set up a system to screen for potentially profitable trades.
UTS covers every aspect of trading, including selecting software and the broker, and emphasizes the importance of back testing to prove the trading system. I particularly like the way that each chapter finishes with actions to be taken, to ensure that the content is understood and implemented.
It's useful to have links to additional information which elaborates on the lessons. An easy read but packed with content, this blueprint is one I will refer to again and again. It gives clear direction on every aspect to becoming a successful trader. The best comprehensive informative guide to Trading I have read.
A must read for all newbies to trading. Nothing you have said is "new" but you have presented it in a clear concise manner that anyone should understand. I particularly like your constant reinforcement of the system process, discipline and managing emotions - the most difficult challange for all traders. I also like your coaching through the need to develop one's personal trading plan aligned to one's own personality and goals.
A great publication I would recommend to all traders - newbies to learn and oldies to reinforce the basics which can so often be lost. Presentation is accurate and concise, giving to me at least a feeling that successful trading is achievable.
I like the way that links are set out, right where you need them not in some list at the end of the 56 pages. The need for focus and discipline is clear. However you do mention a time scale, 3 months I recall. I do not agree with setting a time to learn to trade as it depends on so many factors: I like David's writing and methodolgy.
It has helped a great deal on my path to become a trader. I still have a way to go, hence the need to keep track of the core plan. The book is comprehensive and direct to the point with references to other authors. It is obvious that David has done a lot of research and has personal experience which he is passing on to other investors. The part of back testing might be difficult to grasp, but in reality is true, one is always looking for a system with more winning trades, but as pointed out might not be the most profitable system.
I believe the UTS 2. It covers all of the most important pieces that the newer and not so newer traders should take notice of if they are to succeed in the trading world. Congratulations David, I would certainly recommend this product to anyone who is considering entering a career in trading.
I think you've made me realise how much time I've wasted trying to perfrect enrty, trying to create my own system as well.
Not that my system was useless, but just by playing arround with a few built in system's inmetastock and applying the simple rules in your system I've improved results dramatically compared to the system I'm currently trading. I've not traded any of the system's live yet as I want to complete my study of the book and then spend time back testing and confirming the system I'd like to go forward with. Under money management I think I've also had an "aha" moment; I never had position sizing in place and back testing some of your suggestions has also revealed that there is a lot of merit in considering it for my own system.
I'd definitely recommend this book for any who serious about becoming successful at trading. You have bring me to another angle to view what is trading. These are the pieces I miss in my puzzle.
The author lays out the correct mindset of what it takes to become a trader and offers excellent, time tested advice about defining your goals, setting up a trading plan, the role psychology and discipline play and much more.
Along the way reference is made to good perspective to take from the likes of Dr. Van Tharp, Warren Buffet, and more. The need for a trading plan, discipline and self control are stressed. The necessity of self knowledge is addressed This approach is unique.
In reality, no two people have exactly the same amount of money, tolerance for risk, personality, time or experience. Therefore, the key to success is to design a system that is suited for you. This crucial fact alone is worth the price of this e-book. This reality takes time to develop. Again self knowledge is key. One can't gain this information overnight. Practice, patience and discipline are key. The no nonsense, down to earth advice about a realistic path to trading success.
No pie in the sky instant riches nonsense here. A well founded trading plan is the key. That plan includes tested and trusted entries and exits I have found the advice about money management and psychology to be most helpful. Entries and exits are only a small part of the puzzle. You want to develop a long term, sustainable trading profession.
A good money management plan encompasses discipline and patience. This is serious stuff and not gambling. The only way to treat it as such is to stick to time tested MM principles and not waver.