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Sunnyd68
Joined: 08 Nov 2007
Posts: 2125
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 Posted: Tue Dec 11, 2007 5:32 am Post subject: I want to start day trading on the internet? |
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| I live in the U.K. Every firm Ive looked at has a 15 minute delay on the quoted share prices. I need a concurrent supplier of share prices. anybody know any? |
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PhatWallet
Joined: 08 Nov 2007
Posts: 2032
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| Posted: Tue Dec 11, 2007 5:32 am Post subject: I want to start day trading on the internet? |
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The broker will give you the price, only use their price because on occasion there are slight differences e.g. HBOS holds the same price for 30 seconds after a quote if the market price changes.
The only way to make money day trading is spread betting, commissions destroy returns on shares and CFDs are too costly and not greatly enough leveraged.
You will usually be better of following a purchase and hold approach but there's no reason not to take benefit of short term mispricing also.
I have a high yield portfolio which I havent changed in years but I still make some fast money trading over a short period usually more like a week than a day .
In my experience the best way to make money short term like this is to take leveraged positions in big businesses which have fallen unduly, I used this recently to profit from tsco and bgy. |
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PhatWallet
Joined: 08 Nov 2007
Posts: 2032
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| Posted: Tue Dec 11, 2007 5:32 am Post subject: I want to start day trading on the internet? |
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E Trade
SCOTTRADE |
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Ty Daniels
Joined: 08 Nov 2007
Posts: 2139
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| Posted: Tue Dec 11, 2007 5:32 am Post subject: I want to start day trading on the internet? |
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| If you set up an account with investopedia.com you may change the settings to get you up to the minute prices. But you really REALLY dont want to day trade. Unless of course you want to lose money, because day trading is one of the best and fastest ways to lose money. |
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Nobody
Joined: 08 Nov 2007
Posts: 2100
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| Posted: Tue Dec 11, 2007 5:33 am Post subject: I want to start day trading on the internet? |
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| if you want a full solution with online trading platform visit tradestation.com, they're best in class. |
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Alba Booker
Joined: 08 Nov 2007
Posts: 2146
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| Posted: Tue Dec 11, 2007 5:33 am Post subject: I want to start day trading on the internet? |
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| Dont do it. you'll lose you'll never beat the spread, which may change. Ask the broker/spread bet company how many clients make a profit and what is the average yearly return you'll be amazed that's if they'll answer the question. |
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Alberta
Joined: 08 Nov 2007
Posts: 2109
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| Posted: Tue Dec 11, 2007 5:33 am Post subject: I want to start day trading on the internet? |
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Investopedia.com
Its fab for all kinds of information. |
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Wilfredo h.
Joined: 08 Nov 2007
Posts: 2149
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| Posted: Tue Dec 11, 2007 5:33 am Post subject: I want to start day trading on the internet? |
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Your online broker should supply this
If not, switch broker. |
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