
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.

Here are this month's best traders:
http://www.top10traders.com/Top10Standings.aspx
Hope this helps.

Look into the Investor platform at TerraNovaOnline.com
I think this one is free if you open an account there. I use the full-blown package called RealTick for $250/mo. The Investor platform is the same software, sized down to one screen. I use five monitors. This is very technologically advanced softwarefrom Townsend Analytics, the one that digitized the entire Nasdaq last year. Cutting edge technology. If you make some money, then definately upgrade to RealTick.


I will be very thankfull to someone who gives me advice as I have already lost lot of money this days. At present I have short sell Niftyfut.

Definitions time folks:
Savings – reserve funds invested in a safe vehicle to protect ones assets and receive a small return in exchange for giving up current purchasing power.
Investing – putting capital at calculated risk in order to achieve higher returns.
Trading – Speculating on short term movements of securities prices, involves high levels of personal risks but provides benefits of providing extra liquidity & effecientacy to securities market.
Now professional traders, a) have the financial ability to withstand prolonged periods of losses, b) understand there is no "perfect" method, and c) even if they had found something even bordering on effective, wouldn't distribute it freely as it would dilute the efficacy of their method (And with the current state of the mortgage markets we're learning just how falliable even those "propietary" methods can be).
Sounds like you need to back up. Start building your savings, then your investments. After that, if you must, you can start a trading account. But, honestly I've made far more in two years of investing, than I did in 10 years of trading. (Simple math lesson one, if a stock drops 50%, from that point it has to go up 100% for you to break even — meaning minimize your loses is more vital than maximizing your gains).


I haven't touched stocks in maybe 10 years and I want to get into day trading sometime soon. I want to start off slow and low to get the hang of things and I was wondering if anyone has recommendations or tips for how/where to start? Preferably a place with low commission of course, I remember that much at least : P
Links would help the most. All tips and advice are appreciated!
Sincerely,
Jason H.

1) I understand that Demat account is controlled by ndsl / cdsl through their agents (DPs) and holds shares in electronic form. But what is Trading accoun, its structure and function? Who opens and control this account? Is it the broker?
2) Other than the opening charges of demat a/c, are their more charges such as maintenance of demat a/c or other hidden costs. NDSL site gives the details of many DPs with their fees etc in table format (which is difficult to understand). What i thought actually was that i had to pay only broker charges+service tax, when i deal with share market. What may be other hidden costs?
3) What are brokrage charges for intra-day and dilevery that can be considered good enough?
4) How vulnerable is share market (specially intra-day) to the market games/manipulations by some experts or parties having big amounts or many computer terminal
Guys, If you cant answer all the parts of my question, you are free to answer portion of it as well.!




