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good morning this is dean tinney and im coming to you from my studio here in a fabulous las vegas its a morning coffee um entering our second year on the uh youtube channel and in the first year we basically did narrative lectures uh 45 minutes an hour and a half that could fit into your study block and uh entering our second year what were doing is some shorter videos let me set my little egg timer here of things that you can encounter on your exam kind of a carve out of some test issues and one of those that shows up on the sie it shows up on the series seven it shows up on the series 10 and 24. test takers can encounter this in almost every fender exam i call it stupid but testable because it very rarely has any real implication but hey its a point-and-play and we can certainly get it so the uh phrase knowledge you want to look for in this uh on your exam is first trade or initial trade in a margin account and hence thats why i got a question mark here is it two thousand dollar