Short selling is done with anticipation that you will again buy the same scrip at a lower rate the same day. Thus you earn profits between sell price & buy price.
Such transactions has its risks and advantages and requires alertness at every minutie or hour of the trading time.
Are buy and sell orders put by u executed in click-time (generally, irrespective of volumes traded)?Can u explain abt ask price and bid price in general?
What abt Direct Access Trading with no brokereges….is it open for everyone?
If its only thru cash with no margins…then can we own the shares at the end of day if prices r down like normal buying of shares? or diff set of rules apply for ID trading?
Is thr a min. amount to start with for trading?
In brief,what and how are diff types of ID trading done ?
TIA
select few
ebooks on 4shared.com
use chart install medved quotetraker freeware
5000 is ok
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
It is about 3 months that I'm studying hardly forex. I have a good underestanding cause my previous job was "pragramming C#" and I left it to enter to trading world. but unfortunately I have not come up with a trading system that really works and make profits.
I'm in stress cause I should start my real trading as soon as possible. I prefer my positions be open for several days or more cause I don't want new stresses. Please elaborate me your system that you have experience of working with it.
I am 37 and I want to open my real account with about 2,500 US $.
Please introduce me a trustable broker in advance cause this is second problem that has confused me.
European brokers are much preferred. I let you know my experience in future and will send you post cards to appreciate your useful answers.
You can really help me
You're probably wanting to do it for the money, not for the process of trading. Or maybe you're good at analyzing the markets and setting up the computer to analyze and evaluate, but that doesn't make a trader.
If you're just doing it for the money, you will not approach the market properly, you will be impatient, and you will tire easily. Really, there are lots of better ways to make money. You probably already expect to earn an income from such a small investment of $2,500. If these are true, you have unrealistic expectations, and you will not succeed.
PremiereTrade is one of the best trading platforms for the Forex beginner, because they have such a great community of others to help you get going. It costs $3,000. But they will tell you up front to paper trade in the Demo Account for a year before you actually commit money.
Neither does a brain surgeon walk out of school and pick up a scapel and begin operating, or an engineer walk out of class and begin building skyscrapers. And you have not even begun to learn, let alone apply the rules of trading, or to master your fears and emotions, or even know what they are.
I think most people come to trading expecting to "Get rich quick." Doctors and lawyers are the worst traders in existence, because they are used to being in control. Almost all professionals do poorly at first, because they have succeeded elsewhere, and expect it to be easy.
Trading is the most difficult challenge you will ever face. If it were easy, we would all be rich. But instead, 80% of all traders blow out their account within the first year.
Personally, I have lost everything three times, trading the stock market index futures. Now I have finally settled on Forex, and am doing quite well after 17 years of learning.
If you buy PremiereTrade, they will charge you $100/mo for the data feed. For one year, that is another $1,200. You can trade a simulator for free here and learn as you go:
http://www.expertworx.com/pm/Forex%20Market%20Educational%20Game.htm
Here is the broker I use:
http://fxdd.com/
http://www.fairmark.com/capgain/
You can choose how much of the material you want to read, but I suggest you be sure to read the section on "wash sale" rules given the way you described your trading.
If there was a "best time" to trade… wouldn't all the professionals be doing it. I do have some rules for myself;
I never buy/sell before 10:00PM EDT
If a stock reaches its high 5 minutes before 4:00PM, I'll buy.
I never trade during the hours of 11:30AM-1:30PM (lunch)
BUT…. these rules mean nothing without a ton of information I or anyone here can give you.
Here's some places to start;
http://www.alphatrends.net/ (best "sum up" of daily activity on the web).
http://www.tradingwithtk.com/ (good teacher, dangerous stocks).
http://streamer.thinkorswim.com:8000/shadowtrader.m3u
(great market comentary during the day, 9:15AM – 4:00PM EDT).
ya@eriestocktrader.com
It was 10/18 – before 1:00am – when I placed an online order to buy ONT with limit $1.20 each. I got it for $1.16 – the highest ONT trading rate for the day – even at 10:30 am east – when I called my broker to ask why I got the shares at the highest rate:
1) Broker said AMEX trading hours for ONT have not really started at 9:30am.
2) The charts on broker site show the AMEX opening hours: 9:30 am/ Opening price for about 4 minutes: $1.07/share and it did not jump right away to $1.16.
3) I did not order to buy the shares before the AMEX opening hours. But my broker said it is how AMEX deals with the orders.
4) Broker also said that if I had placed an order to sell, it would
get processed immediately. Since I placed the order to buy, it didn't get thru so fast.
Is here any trading sense from his say or he forgot to add key words?
Second, if you consider yourself a "trader" a lot of weird things happen in the pushing and shoving of the open. The specialists on the floor make a huge amount of money at this time. In this case, it wouldn't surprise me if the specialist/market maker first did a bunch of buying of opening orders (ONT opened at 1.07) and then sold to the opening buy orders at 1.16 (ONT jumped to 1.16 right after the opening) thus making 0.09 per share just for being the specialist/market maker. He has no obligation to match the orders of public buyers with public sellers. It's good to be the market maker. Traders like me always wait to see how the stock opens to get confirmation before placing an order. A lot of things can happen in the news between 1AM and the market open. Traders never put in orders and let them sit that long.
According to the NYSE definition of "day trading" the sale of an existing position from the previous day is a liquidation. The repurchase of that position is the establishment of a new position. It is not subject to day trading margin requirements.
If you are using a cash account, settlement rules would still apply.