day tradingsoftwareday traderstock day trading
It seems like most of the business news programs focus on indivdual stock investing and day trading. I'm looking for a good show that discusses mutual fund news and long term investing strategies.
Day trading


If you check out the following newsletters by Paul Farrell of CBS, you will know everything you will ever need to know about mutual fund investing:
http://www.marketwatch.com/Search/?property=column&value=paul+b%2e+farrell&scid=3&siteid=mktw&dist=mktwmore
With all these different day trading stock softwares out there, there has has to be one that actully makes money in the market while reducing risk exposure. has someone any suggestions please?
Day trading


All the programs I've seen appear to be based on unsound theories. I suspect the only people making money are the people selling the programs. Most people who day trade lose money. You will most likely lose money too. See this government website.
Some of them sound so great (and all with MONEY BACK GUARANTEES :)) Has anyone found a program (preferably online) that they would recommend for either commodities or day trading?
Day trading


Please ignore the above REPORTED spam artist. I am an investment advisor of thirty years, hold all the 'tickets' NYSE #7, CBOT #3, Options Principal #4 and others … I have yet to see a program that works consistently. I have seen and used several programs that work exceptional well if the user fully understands what the program is designed to do. Sadly, too many outfits go on TV and the Internet touting Commodity, FOREX, Options, Stocks, Day trading, and other programs and systems that may be a usable product for an educated investor and make all kind of glowing promises to novices that really don't have much chance at success unless they get really educated real fast before their risk money runs out.

send an email if you like and I will give you names of a couple of these that are worth investigation. I don't sell any of them and have no affiliation with the companies. Good Luck, Good Fortune, and Keep those very wary eyes WIDE OPEN!!

Day trading


Nothing. It can be free:

Contact the company you want to buy or their clearing agent directly and sign up for a DRIP account (dividend reinvestment program).

You're buying the stock directly from the company for the market price the day the get your order. They will buy it from you at market price when you want to sell. No brokerage fees, dividends reinvested for free. Sell when you want. Slightly longer lead times than going through a broker.

Indiabulls Sec.
5pasia.com
ICICIdirect.com
Sharekhan
HDFC Sec `
Motilal Oswal
Reliance Money
Religare
Geojit Sec
Kotakstreet
Karvy
Day trading


I would go onto FT.com and take a look there. you can compare by charges!

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I'm going to start investing in the near future but before that I want to confirm that I've
understood how to go about investing in stocks.

So the steps required to buy a stock is :

research the company and understand it well, Normally stocks should be for the long time investment ..
so I should look for a stock that would multiply many times and then sell it may be 7 months-2 yrs down the line ,
when the stock price has multipied.( say for example, I bought the stock for £20 and I sell it after " yrs when
the stock price has become say £40). I've also understood that it's not adviceable to get involved in day trading
as that mostly results in losses

Having researched a company , I should open a broker account eg http://www.tdameritrade.com/trade/overview.html
2. Buy a stock and wait till the price of it increases

Am I missing out on any major steps??

Day trading


I know that you wisely said that day trading is out, but there was this cartoon back when day trading was the big fad. There was a nerdy computer geek boy that fixed up a trading program for his father. The father was losing his shirt in the market when the programmer son had this discovery, "Stocks go down!?"

I remember reading of all the great things that Corning had going for it, so I bought. The news kept glowing about how well their technology and product was doing, but the stock kept falling and falling. Then about a week after I'd lost my nerve and sold it, fearing some unannounced problem, the price started going back up, and up, and up. Sometimes timing is very important.

There are the fundamentals of how the company is doing, but if the market has better things to do, your hopes and ambitions for any given company will just have to be put on hold. This is the technical aspect of trading, watching what the market is doing. As a small fish, you can't buck the current forever, sometimes you have to simply go with the flow if you want to get ahead. That is what the charts and trends and averages are all about.

Investors, in it for the long haul, into a company because they want to be a part of what the company does, they don't much care about technical issues like I had mentioned. I was more interested in what the market was doing to the price of the stock than what the company was doing with their assets, the value that the stock represents. Decide which you will be doing. If a trader, then watch the charts and trends. If an investor, you don't lose on stock prices until you lose interest and sell at a time when it just happens to be selling at less than you paid.

What do i need to know???
Day trading


Before you do anything you should know what you’re doing, how to do it and why you are doing it.

To trade and/or invest you need four major programs in place before you do anything.
1 A written sound trading/investment plan with rules that will not only help you but more importantly protect you, mostly from yourself.
2 - Sufficient trading/investment capital. Use your own money, there’s no need to go into debt so that you trade/invest.
3 - A written money management program in place. Remember never invest 100% of your capital into any one security and never have 100% of your capital invested.
4 – A full and complete understanding of the rules & regulations of the industry.

Judging by the wording of your question you’re no where near being ready to do anything in the market. I’m not saying this as a put down but rather as a warning before you hurt yourself financially.

I am looking for a broker that will give me good rates for
trading electronically in real time as a day trader
Stocks mainly
Day trading


TerraNova is the only one that you can trade everything — stocks, commodities, futures, forex, options — 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.

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.

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 demo. 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 went to an introduction to FOREX (foreign exchange) class recently and they were telling us how with a good education in FOREX you can consistently make money, and good money too, since you are trading 50 or 100 times what you have in your trading account. The complete course is $2000 and they were pushy for us to take the class so I didn't feel so confident about it, but i read up on the subject a bit and did a trial trade for about 30 days, I was up a lot at one point (about $8000) but in the end of the month i pretty muich broke even. WIth more knowledge and a proper education on the subject can it be a long term way of makin money?
DEAR ALL, thanks for your responses, overall you seem to think currency trading is high risk and not really a viable way of making money from home. I should have mentioned in my question that if i were to do it, i would want to rely more on technical analysis and all the ratios and different theorems etc. I would also be making trades that are from about 30 minutes to at most one day. Does this change anyones opinion on the subject?
Day trading


The Forex market is full of scammers and people who sell questionable products than make them rich and not you. I would advise against Forex trading. You are likely to lose your money. Forex is useful to companies that make money in one country and need to exchange it for money in another country, but most individuals who trade Forex lose money. Read the links:

These trial trade programs do not always properly simulate the market. I would not trust them.

What is the procedure for options and stock trading via E-trade or other day trading software. How much money is required to open an account. Is this risky? How does it compare with futures trading. Thank you for your help.
Day trading


Most online brokers have some minimums. they vary. in order to day trade, as i recall you need $25,000 minimum. there is a formula that they used to determine if you are a "pattern day trader". you must follow the rules and have the cash in the account to pay for the trades you make. you get a few strikes and then they will prohibit you from trading your account if you don't have funds available. do a search on the site of the broker you choose for day trading rules.

Learn before you burn yourself out. Most (and i really mean most) people lose money day trading. You need a discipline that is hard to master. You need to know how and when to take a loss as this is what saves you to trade again in search of the winners. Stop loss orders are very important. And you need to realize that you are trading against professionals who get better executions of orders, have better information and faster access to it. You are also trading against computer programs.

Options are for the most part a highly speculative venture unless you are writing covered calls to try and boost your return on your long positions.

read the educational stuff at bobbrinker.com