2006-10-26 02:46:01 · 2 answers · asked by buzman78 1 in Business & Finance ➔ Investing
Most stock brokers offer software of one sort or another (EX: Ameritrade's online software, Scottrade Elite software).
If you are looking for free software, use MyTrader. It's got the best functionality I've seen in free software, though it does have that 20 minute delay.
2006-10-26 04:12:22 · answer #1 · answered by sabennet1 2 · 0⤊ 0⤋
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, or in the trade magazines, that have evaluated and compared online brokerages. I found a good one online in Barron's.
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, are the people 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. 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.
2006-10-26 11:46:06 · answer #2 · answered by dredude52 6 · 0⤊ 0⤋