http://www.marketwatch.com/Search/?property=column&value=paul+b%2e+farrell&scid=3&siteid=mktw&dist=mktwmore
) Has anyone found a program (preferably online) that they would recommend for either commodities or day trading?
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!!
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.
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?
These trial trade programs do not always properly simulate the market. I would not trust them.
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