2006-09-26 01:08:03 · 2 answers · asked by zaf 1 in Business & Finance ➔ Investing
You can pay thousands for trading software, and still need a data feed and broker, or you can go another route and find the best online broker with the best trading platform and software.
I use a very sophisticated, very professional charting package called RealTick, from TerraNovaOnline. It costs about $250/mo, depending whether you want it all, or just trade stocks, or just futures or forex.
Whether you are trading stocks, commodities, futures, options, or all of these, TerraNova is 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 ain’t 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.
What you should try is a free trial of their Investor platform, which is free. You only get one window to trade from. 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.
2006-09-26 06:09:17 · answer #1 · answered by dredude52 6 · 0⤊ 0⤋
http://www.vicman.net/lib/stock/traders
2006-09-26 01:13:09 · answer #2 · answered by freind2all 2 · 0⤊ 0⤋
Try these links u'll find more info there
http://www.lofinance.blogspot.com
2006-09-26 01:56:50 · answer #3 · answered by Axl Rose 2 · 0⤊ 1⤋