Keep in mind that you don't have to borrow on margin to violate the pattern day trader rule. It's a good idea to be aware of the basics of margin trading and its rules and risks.

Violating the pattern day trading rule can be a costly mistake. Knowing how to navigate these rules is the first step towards successful trading.

IG North America, an online derivatives trading provider, is working with the US regulators to modify rules around pattern day trading, according to CEO JJ Kinahan. JJ Kinahan “We’re working with the ...