day tradingsoftwareday traderstock day trading
All answers appreciated! I am looking to take some money and try my hand at day trading. I also would appreciate any suggestions at what the best trading site is. Thanks in advance for any help.
Day trading


Trade first on a simulator to test your theories at Investopedia.com

When you start making "virtual" money, then you can risk your own.

http://simulator.investopedia.com/home.aspx

http://investopedia.com

http://investing.sitesled.com/

http://futures.tradingcharts.com/learning/

Blogs

http://winners-and-losers.com/

Training & classes

http://bettertrades.com

http://investedcentral.com

ETF news and analysis

http://ETF-World.Org/

Article: Trading is Timing

http://www.investopedia.com/articles/trading/06/TradingisTiming.asp

Stock Charts

Bigcharts.com

http://www.stockTA.com

http://www.stockcharts.com

http://www.incrediblecharts.com…

www.prophet.net
americanbulls.com

Books on Investing

"Which Is Better, Buy-and-Hold or Market Timing?"

"Do You Have What It Takes to Be a Market Timer

The Beginner's Bible in Technical Analysis is:
Edwards & McGee"Tech. Anal. Of Stock Trends"

Droke, ClifTechnical Analysis Simplified

Kahn, Michael N.Tech. Anal. Plain & Simple

Kamich, Bruce M.How Technical Analysis Works

Lefevre, EdwinReminiscences of a Stock Operator

Lofton, ToddGetting Started in Futures

Lowenstein, RogerBuffet (Warren)-The Making of a Capitalist

O'Neil, William J.How to Make Money in Stocks

Oz, TonyHow to Make Money From Wall Street

Rotella, Robert P.Elements of Successful Trading, The

Schwager, JackStock Market Wizards

Day trading


DIY?

Online trading has lowered commissions to the point where they are no longer the primary consideration. Ditto for good execution, if indeed they are Direct Access. If you decide later to trade commodities, options, futures, or currencies, TerraNova may be the only one that you can trade everything, real time, online, direct access. A lot of online brokerages claim to give you direct access, but if they take more than a second to execute your trade, it aint direct.

What you probably should be concentrating on is the best trading software or trading platform. But even then, everyone's criteria are different.

Find the articles online that have evaluated and compared online brokerages. I found a good one online in Barron's, but you'll find others in the trading magazines. Active Trader, Futures Mag, etc.

This is worth putting a little time and effort into, because it's a pain to switch, so once you choose, you're kinda stuck with it.

Townsend Electronics, the Parent company of TerraNova, is the one that digitized and electronified the Nasdaq. They are technological industry leaders and have a powerful and well built trading system.

I use RealTick at TerraNovaOnline, but it costs $275/mo. I think the Investor package is free to use, and just uses one screen.

What you should try is a free trial of their Investor platform, which is free. Their rates are good also, but of course, it depends on how often you trade. It will take you months to learn all the bells and whistles of what this program can do.

The other top-of-the line program is TradeStation, but it costs big bucks to join and operate. Some people consider it the Cadillac of trading and technical analysis.

TerraNova is the home of the Day Trader, so they think nothing of you making several hundred trades a day. You don't have to do that, but it's okay here if you do.

I would like to start investing in the stock market. I am talking about active trading (but not day trading!). Something like holding stocks for multiple days or weeks (I think it's called position trading). Since there are so many stocks out there, I don't know where to start. I plan to stay away from penny stocks for sure. I am looking for a moderate return, nothing crazy. I don't plan to blindly follow tips however. I remember a tip that was given to me by a "so called financial" advisor back in 1999, where he suggested that I invest more of my 401K in Internet stocks. At that time, I resisted to do so!.

I would appreciate any advice of where to look. What's Your experience?

Thanks
Mutual Funds is what I have already in my 401k. I don't plan to touch that.

I am also not planning to do day trading, becuase of the high risk and lack of time (I have a day job). It looks like I will be doing what they call position trading (buy and sell in the time frame of weeks-months).

Which online broker do you recommend?
etrade, Scottrade,…?

Day trading


We are of like mind, but because I only have $10,000 to invest, I'm forced to Day Trade index futures. I'm not a Day Trader, but have been a position trader off and on for 15 years, mostly with options and futures. Tough game for the little guy with weak hands.

Check outthis link at TerraNova Online. The Investor platform is an escellent trading tool for a beginner, and is limited to one screen. I use RealTick and five screens, but it costs $250/mo. Ask about a free trial.

http://terranovaonline.com/

A lot of online brokerages claim to give you direct access, but if they take more than a second to execute your trade, it aint direct.

Find the articles online that have evaluated and compared online brokerages. I found a good one online in Barron's, but you'll find others in the trading magazines.

This is worth putting a little time and effort into, because it's a pain to switch, so once you choose, you're kinda stuck with it.

Townsend Electronics, the Parent company of TerraNova, is the one that digitized and electronified the Nasdaq. They are technological industry leaders and have a powerful and well built trading system.

What you should try is a free trial of their Investor platform, which I think is free anyway. Their rates are good also, but of course, it depends on how often you trade. It will take you months to learn all the bells and whistles of what this program can do.

The other top-of-the line program is TradeStation, but it costs big bucks to join and operate. Some people consider it the Cadillac of trading and technical analysis.

TerraNova is the home of the Day Trader, so they think nothing of you making several hundred trades a day. You don't have to do that, but it's okay here if you do.

Read vociferously:
"Which Is Better, Buy-and-Hold or Market Timing?"

"Do You Have What It Takes to Be a Market Timer

The Beginner's Bible in Technical Analysis is:
Edwards & McGee"Tech. Anal. Of Stock Trends"

Droke, ClifTechnical Analysis Simplified

Kahn, Michael N.Tech. Anal. Plain & Simple

Kamich, Bruce M.How Technical Analysis Works

Lefevre, EdwinReminiscences of a Stock Operator

Lofton, ToddGetting Started in Futures

Lowenstein, RogerBuffet (Warren)-The Making of a Capitalist

O'Neil, William J.How to Make Money in Stocks

Oz, TonyHow to Make Money From Wall Street

Rotella, Robert P.Elements of Successful Trading, The

Schwager, JackStock Market Wizards

Schwager, Jack D.New Market Wizards

Sperandeo, VictorTrader Vic-Methods of a Wall Street Master

Wasendorf, RussellAll About Futures

Slutsky, Scot and Darrell JobmanComplete Guide to Electronic Futures Trading

You can get every one of these books from your local library. If they don't have it, ask about Interloan Library System.

I wish I could do one that did both stocks and commodities and futures, but I'll be happy with stocks. I want to place my 40k in mutual funds into day trading (don't worry, I have actual training, classes, risks, know I'm likely to lose, etc.) but I still want to pick one. I want an online platform that's fast, gets information quickly, executes cheap trades, and is generally reliable and easy to read.

Anyone have experience with good ones?

Day trading


Go read some online articles that compare the main platforms. Just do an online search for "online brokerage comparisons" or something like that. I reccommend Scottrade as the trades are about as cheap as you will get. The downside is their margin rates are above average and I've seen mixed reports on their speed of filling trades. Still for me, they are perfect (but maybe not for you).

Etrade is supposed to allow you to trade on 4 or 5 stock marktes around the world – a huge advantage for a really smart investor or one that wants to focus on international stocks, but useless to most smaller investors (or most that want to focus on mutual funds – like you, maybe).

There are some other good ones. You'll find that OptionExpress is very good (never used this one myself, but they are well rated). More expensive that scottrade but margin rates are lower and maybe they are faster at filling trades.

Anyhow, thats my take on 3 of them but there are many more out there. Of course only used ones that are sipc insured, and again – I'd advise searching for more specifics on this via an online search. FYI, I think kiplingers had an areticle about this about 1-2 years ago. good article but alot can change in 2 years (and I'm not positive it was Kiplingers)

Best luck.

Hey, I know this question depends on opinions, and even though I tried searching online for articles about it, I can't seem to find an answer.

If I plan to start day trading, what's the minimum amount of equity should I have? I mean by day trading, in my case, doing 3 to 5 orders per day.

if you know any articles discussing this, it would be great!

Day trading


It's totally depends on U. If you have small amount of money, then, try to find the trading company which require minimum deposit whatever amount ask for. In my personal experiences, they require minimum $500 for starting.
Day trading


This is just a couple of paragraphs a copied and pasted from the bottomm links ( this is a fairly long article). They helped me a lot when i was researching about short/long term forex strategies and tips. All the rest of the helpful articles are in the 'forex resources' section on http://www.forextradinghq.com

In order to profit from the forex market, you will need strategies and also the will to change these strategies. Traders who lack a well thought out trading plan are prone to panic and confusion, when unexpected swings in the forex market occur. Many traders will tell you that trade driven by emotion is the fastest way to deplete your funds. Whether or not you are using a technical or fundamental style, it is still essential that you have a proper view of the market.

Developing your own trading style is a time consuming process and is often acquired through trail and error. It is unfortunate that there is no ‘golden’ rule’ to trade in the forex market and technical and fundamental styles of trade won’t be successful all the time. Successful traders often have a unique style of trading and take up various strategies during a trading session. Only continuous practice will help you gain a feel for the movements of the forex market.

Do u think u can earn from day trading or it is useless
Day trading


The number one important thing in day trading is keeping out the emotion, you have to know when to take losses and profits, stick with a formula and keep it, and be prepared to have good days and bad,, www.thewallstreethunter.com has good articles on not being 'invested' in your investment.. they also have a really good daily market update that is pretty insightful…

Good luck

I dont know anything about it, where can I go to learn about day trading and the stock market.
Day trading


Well, it IS possible to do well daytrading stocks–I'm proof of that–but it's true that the majority of daytraders fail. You need to have a good brain, learn as much as you possibly can, develop a good strategy, and have the discipline to carry out that strategy. Without all of these things, you're doomed to fail.

Trading PENNY STOCKS will just increase your chances of failure and is akin to gambling: You may hit it big once in a while, but usually you'll lose.

As suggested, start with a 'Dummies' book or the like. Also, scour the internet for info on daytrading. Investopedia.com, for one, has some good articles on short-term trading and technical analysis.

I need to find information on day trading, does anyone know a good online broker, with a low minimum initial investment, low commission that executes trades quickly. Any other information would be helpful. Can I Day trade without a broker and how would I do that.
Day trading


As a day trader you will need a margin account with a minimum balance of $25,000.00. NYSE and NASDAQ rules.

You can not day trade without a broker.

Check the following links for information.

http://www.tradejuice.com/

http://daytrading.about.com/

http://www.investopedia.com/articles/trading/05/011705.asp

Day trading


Day trading : is buying and selling of stocks on the same day. For day trading the fee charged by brokerage firms are low, moreover the money is not held up for a long time. So lot of people do day trading.
An open-end(ed) fund is a collective investment which can issue and redeem shares at any time. An investor can purchase shares in such funds directly from the mutual fund company, or through a brokerage house.
A closed-end fund is a collective investment scheme with a limited number of shares.
these articles might be helpful for you

http://freemanstrikes.blogspot.com/2007/09/mutual-funds-open-ended-vs-closed-ended.html

http://freemanstrikes.blogspot.com/2007/07/stock-market-terms.html

http://freemanstrikes.blogspot.com/2007/07/how-to-read-balance-sheet.html