Are you familiar with the two main accounts that are commonly used in the US stock market- cash account & margin account? What's the difference between each account and what is the rationale behind them?
While only cash accounts are available on Tiger Trade in Australia, it is important that users are able to distinguish between a margin and a cash account and know what each account's function is for.
Episode 4 will walk you through the two types of stock trading accounts, including:
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Definition of the cash account and margin account
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The function of the margin account
After watching the video, you should gain a clearer understanding of the two frequently used trading accounts in the US stock market.
If you're feeling like you want to practice what you've learnt so far, users can practice their stock-trading skills through Tiger Trade's demo account. Users will be able to use their $100K virtual money to practice stock and options trading and more.
Check out our fourth video here or click on the video below to start the fourth episode of the series.
We recommend that in order to follow along, episodes are watched in numerical order to maximise learning and to better understand the content.
Happy learning!
Disclaimer: Capital at risk. See FSG, risk disclosures and fractional shares disclosure ,PDS, TMD and T&Cs via our website before trading. Tiger Brokers (AU) Pty Limited AFSL 300767
