Keep in mind that the amount of interest you have to pay is small compared to the amount of profits you can make with a profitable trading system.
A Simulated Trading Account is an account you can open at most online brokers to buy and sell stocks without using real money.
Believe it or not, "Simulated Trading Accounts" have their pros and cons just as the other accounts have.
At the end of a financial period, all expense and revenue accounts are closed to a summarizing account usually called a Profit and Loss Account.
In fact, I thought the discussion on online trading accounts will never see the light of the day. With a "Cash trading account" you can use the total amount of money you have deposited in your account for buying stocks.
I'm not saying that a margin account should or should not be used, but you should know the risks involved with trading using margin.
This is divided in a Trading Account which calculates the Gross Profit for the period, and a Profit and Loss Account which calculates Net profit for the period. In the trading account the cost of goods sold is subtracted from Net Sales for the period to calculate Gross Profit.
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