Retirement Accounts | Trading Lingo
Retirement Accounts | Trading Lingo
Trading a 401k or an IRA account is fairly common. This is often where traders have already amassed a reasonable amount of capital. Many firms will allow you to trade a retirement account but there are some restrictions. 1. No Shorting 2. No Leverage 3. Margin is only for trades to settle immediately, not for trading borrowed $ 4. You cannot access the profits until retirement age, without penalty. 5. Growth is tax free, which is huge advantage.
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