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testing testing one two three this is matt zimberg im the president of optimist trading group video series that will help you grow as a trader so here i go okay hi this is matt zee todays question comes from philip from elmont new york philip is asking how do margins work how do day trade margins work excellent question so first thing you have is margins and margins are dictated by the exchange so every single commodity every single future has a specific number that you have to have in your account in order to hold it overnight and there are no flexibilities about it whatsoever day trading margins which are specifically built for day traders are determined by brokers brokers have two ways of determining how to give you the margin some brokers use what we called a fixed number for example theyll say youll have x amount of dollars for that specific commodity of futures to trade so for example if youre trading gold futures theyll say okay we want for example fifteen hundred dollars
