day tradingsoftwareday traderstock day trading
Think about Microsoft Corporation. They have like 9 billion shares. Each share is owned by someone. Some computer must keep track of who owns what or otherwise we wouldn't know who's the owner of the shares.

There are thousands of stocks and trillions of shares in existence, and theoretically, each share could have a single owner. During a regular business day, billions of shares change owners. Every single transaction (date, time, number of shares traded and the price) is recorded somewhere and broadcasted over the internet, so others can get
real-time quotes and historical quotes and charts for each stock…

Some kind of super computer must be working in the background to keep track of who owns what or else the stock market would not work. So, my question is where is all this information stored and what kind of computer is responsible for handling all this important data and making the stock market work? How is it possible for this huge system to work so smoothly? Explain plz.

Day trading


Each Financial Institution.

If you have a brokerage account at Wells Fargo then they have your information.

You are right, there 9 billion shares of Microsoft in the Planet but Wells Fargo only handles 0.01% of them with a regular $999 Dell Personal Computer.

If you have a brokerage account at Bank of America then they will have your private information and the same case applies.

There are thousands of banks all over the World and each one of them has a few thousands of Microsoft shares.

When you sell your Microsoft share to me Wells Fargo reduces the number of shares in your brokerage account from 1 to 0 and it only takes a nanosecond.

In contrast, the number of shares of Microsoft increases in my brokerage account from 0 to 1 and it only takes a nanosecond.

There is a middle man between Wells Fargo (Your bank) and Zecco (My broker)

In this case, the middle man is the NASDAQ.

I was speaking to an old co-worker and he was telling me he traded currency at night after his day job ended. (That is when the foriegn makets are open) Would like to hear from people doing this currently and their opinon/advice on this. How much money do i need to start this, and possible websites to check out?….Thanks!
Day trading


Philly,
Forex market or Foreign Currency Exchange market is one of the biggest trading market in the world with over USD 1.3 Trillion traded in a day. It is drawing attention ever since it is open to Online trading. Forex trading can be very profitable if you take your time to do a proper research, understanding various options and choose a system that works for you. The most used Forex trading system may not be the most suitable for your needs.

There are many different kinds of Forex Trading Systems and you need to know a few facts as mentioned below, before choosing and funding a system.

1. Testimonials: Is there anyone out there who is trying to sell a system and show you testimonials from the people who actually didn't like the system? Highly unlikely. You should do proper research before indulging into a system that is completely new to you.

2. Profit: Do you want to work with a Forex Trading system that breaks even? Why? If you keep the money in your home, you will still break even, then why take all the hassles of setting up an Forex Trading account and do all the work. Really speaking, you should always do some research on how profitable a particular trading system is?

3. Drawdown: The maximum drawdown of trading system is defined as the greatest peak-to-valley drawdown in a trading system’s equity. Maximum drawdown gives us a measure of the survivability of the trading system.

4. Time to profit: The actual time it takes to achieve the results with a particular trading system. You should plan to have a long and profitable relationship with your trading system.

Try to use a trading system that let you open a Demo account so that you can practice and learn about Forex Trading without risking any money.

I have tried many of these systems in my quest to simplify my trading experience. I personally have found FreedomRocks to be the system that has worked for me. I have found no bad information on this system from anybody that has actually used it. I have found many skeptics and bashers but nothing from those that have actually tried at least the free trial they offer.

Below are a couple of links I have found in my travels around the web:

http://www.yourforexinvestor.com

http://www.babypips.com

Now as far as how much money you would need to gat started I have helped people get started with amounts ranging from $500 up to well over six figures. If you would like I could send you a spreadsheet of how to get started right with just $500 invested on a monthly bugeted basis. The spreadsheet will show you how that investment could easily grow to well over $240,000 within 60 months! Feel free to e-mail me and I will get that right over to you.
bjwells@yourforexinvestor.com

To Your Success,
Brandon Wells
877-773-5345

Day trading


I'm a professional trader and please don't use "invest" and trading" in the same sentence! They have totally different goals – investment is for those who want a passive outlook – hold for the long term is their motto. Traders participate in intraday trading.

Don't trade with money you can't afford to lose.

Have an exit plan before you put in a trade.

Intra day is a deadly business – you need to be at least 51% correct to be able to make a profit – don't expect every trade to go your way.

In forex trading you've got 24 hours to trade the markets – in stock markets you only have 6 to 8 hours a day to trade and some stocks don't offer the volatility that would allow you to exit a trade profitably within the day.

The ultimate tip is to trade with the trend – there are certainly profits to be made by a higher risk is involved.

I want to become a day trader using Power Etrade. What exactly does a bid price mean and an ask price mean? Do I buy it at the ask price and sell at the bid price? If so, I don't understand. Or do I not even worry about those things and just worry about the current trade prices. Say I were to buy AAPL today. It's close was $64.95. Would I pay that? Say it went up to $80 tomorrow, would I sell it at that?
Day trading


Being a Financial Planner, it always makes me uneasy when someone says they want to be a day trader. I have a client that caught that bug back in 1998. He had a little early success so he quit his engineering job and traded full time. Two years latter (when I met him) he had lost a boatload of money, to the extent that he had also rung up $30,000 in credit card debt using cash advances to refuel his account.

It is now 2006, he has most of his debt paid, has been back to work for 6 years, and has settled with the IRS. He had a pretty good understanding of the stock markets when he started.

Why do I say this? You had better take the next 3 to 6 months educating yourself before investing a dollar. For every one person making mad money on stocks, there are a hundred making nothing or even losing most of it.

The funds profits til I am 59 1/2?
I plan on buying and selling stocks and options with my 401k plan!
Day trading


No
Stocks GG, T, BAC, XOM?
Day trading


If you are new to trading, there are a few different things that you must consider. When day trading the SEC (securities exchange commission), require that you have a higher then normal level of equity in your account, which is $25K. There are also various violations that you must consider as well, such as Good-faith Violations, and Free-riding violations (these are in forced by your brokerage firm). To avoid the restrictions you must trade the securities in a Margin account. I would recommend speaking with your brokerage firm to explain Day Trading Requirements.

But to answer your question; the previous response was a good one. One approach is to find securities that are highly volatile, where you can buy in low one day, and sale on an up day. Right now the market is extremely volatile, so finding the volatile securities will not be hard. Finance sections on search engines, provide a lot of helpful information.

BUT, the biggest thing to consider here, is that day trading is extremely risky. You could create big losses. Always consider your Risk Tolerance before trading any security.

Day trading


If you planning to play intra-day, or wanting to make some good moves in intra-day trading, I have just the right site for you. If offers you free newsletter on trading, and also services for intra day trading. not a stock broker!

http://crnindia.com

Whats the best online broker out there, I am looking to invest once per month, and only buy one stock. no day trading or a massive amounts of trading everyday.

Also what is the general consensus on Lyric Jeans (LYJN) big or bust? would you buy those pants for 120 dollars?

Day trading


Since you want to invest once per month, the least expensive way is through Sharebuilder. Go to www.sharebuilder.com.

Once you sign up, you can invest as little as $20 per month. Sharebuilder makes purchases on the first 4 Tuesdays of each month — you can choose which Tuesday suits you. The basic plan will cost you $4 commission for one purchase. They will invest the full dollar amount you specify. Your account will show both full and fractional shares.

If you so choose, the dividends earned by the stocks you purchase can be reinvested for free. This gives you an automatic DRIP plan for any (and all) stocks that pay dividends.

For example, lets say that you want to invest $100 per month in XYZ and it is selling for $10 per share. Tuesday comes, your purchase is made, your account shows 9.6 shares of XYZ company. (You invested $100; $4 was taken for commission, leaving $96 to be invested in a stock costing $10 per share)

In regard to the jeans, I refuse to pay more than $20 for jeans. I don't care whose name is on the label.

I would like to buy some stocks, but I want to do it in a cost effective and flexible way. I have been looking at Scottrade and E-Trade, but I wanted to ask people with experience. I would like to purchase stocks online. Also, I am puzzled by the saving's account that acts as an intermediary between my bank account and my investment portfolio. Are there firms that eliminate this "middleman" approach, but still provide a flexible (quick) way to purchase/sell stock. I don't plan to do day trading… most likely periodic investments (long term), though I want to make sure if I want to but a stock, I can do so quickly. Should I be looking at some other investment firms I am not aware of? Your insight is appreciated, I don't want to start out with the wrong firm.
Day trading


I think the best way to invest is to open an account at Scottrade.com – they offer $7 online trades. To find great investment ideas, see what the best investors are buying and selling. To find this information, go to http://www.top10traders.com – this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can read posts on investing from the best traders, as well as share your own investing ideas. There is a charting feature, so you can see how your portfolio performs compared to the S&P 500. Also, you can create your own "group" so that you can see how you are doing compared to your friends.

Here are this month's best traders:

http://www.top10traders.com/Top10Standings.aspx

Once you are comfortable investing with "play" money, you can slowly start investing the real stuff.

Good luck.

I have an E*TRADE brokerage account with stock and index fund holdings. There's been a fair amount of worrying news stories about E*TRADE's financial health in the last several days. I'm assuming that, since the stocks and funds are owned by me, and are simply held in the street name of E*TRADE, they are safe, even if E*TRADE were to declare bankruptcy. However, I want to confirm that this is actually the case. Can anyone advise?
Day trading


I would expect your assets ar safe. Your Banking stuff is insured by FDIC and the stock by SIPC ( I think thats the initials…..

Remember they were downgraded by a competitor.
Times are tough in the financial industry and we will all be challenged by someone elses stupidity , a shame but a fact.

I have an account with E-Trade and I have no plans to transfer it.

Good Luck Gerry