2006-09-10 16:16:04 · 8 answers · asked by bargainmaddie 1 in Business & Finance ➔ Investing
DIY?
Online trading has lowered commissions to the point where they are no longer the primary consideration. Ditto for good execution, if indeed they are Direct Access. If you decide later to trade commodities, options, futures, or currencies, TerraNova may be the only one that you can trade everything, 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.
What you probably should be concentrating on is the best trading software or trading platform. But even then, everyone's criteria are different.
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. Active Trader, Futures Mag, etc.
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 platform, which is free. 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.
2006-09-10 17:44:39 · answer #1 · answered by dredude52 6 · 0⤊ 0⤋
The main problem of almost every trader is the thoughts that trading is game or it's easy money. Before profitable trading you should learn a lot about this field. So, even don't try to trade with real money. You can learn how to make real money from this course ( http://forexsignal.kyma.info ) Second, you should choose the right broker. There are some brokers that plays against their own clients. So, your main goal - find good broker. Third, yo can generate more profits with automated trading software. As you maybe know, there is a lot of different scammers on trading market so it will be hard to find really profitable trading system. That strategy brings me a lot of money every month, all thanks to the course that I posted above. Hope you will follow my recommendations, bye!
2014-10-03 19:37:36 · answer #2 · answered by ? 1 · 0⤊ 0⤋
This penny stock service has years of proven experience. Ultimately it is the best service for beginners to use https://tr.im/OAepk
You will have to wait between 3 and 10 days to get into the system in most cases. When I signed up it took 8 days. I wished it was faster, but if you can wait a week or two to start earn life changing money than you will have what it takes to make it in this business.
2016-02-16 19:21:50 · answer #3 · answered by Melani 3 · 0⤊ 0⤋
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2015-01-25 00:19:50 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Interactive Brokers is pretty good. Direct access, good execution, very low costs. Plus, they also facilitate some futures trading as well.
2006-09-11 04:56:13 · answer #5 · answered by drm7 3 · 0⤊ 0⤋
the best trading software http://tradingsolution.info
i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.
if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.
2014-12-18 13:28:31 · answer #6 · answered by NAMPEL 3 · 0⤊ 0⤋
I'll second that: Interactive Brokers (commission is half a cent per share).
The lower your fees, the higher the performance:
http://www.inside-alpha.com/support-files/ifsa_perf_summary_2003-2005.pdf
Let's make money!
Good luck
Marc
2006-09-12 00:24:22 · answer #7 · answered by Marc H. Mayor 2 · 0⤊ 0⤋
Firsttrade 6.95 unlimited trades
2006-09-10 16:24:42 · answer #8 · answered by ej 3 · 0⤊ 0⤋