and some possible day trades. I need one with trailing stop/loss capabilities. Also, I'm trying to figure out if I need stock trading software? I have the specific parameters (Tech A.) mostly, so what is a good software? does any of the online brokers offer a good "real-time" software as well as low trade commissions? Any advice , especially from active traders , is appreciated. thanks.
2007-02-16 06:50:32 · 9 answers · asked by Wendy W 1 in Business & Finance ➔ Investing
Whatever disocunt brokerage firm you go with absolutely make sure to demand a money market fund for your cash account. ETrade and TD Ameritrade recently changed their policy and now pay less than 1% on cash...the income they earn by paying their customers less than 1% on cash and simply turning around and depositing "your" money into a money market account earns them huge profits (for ETrade it accounted for nearly 1/2 of their net income for the recent quarter)..Great way to treat their customers don't you think....I can't believe so many investors let them get away with this practice...I can't stress enough that all discount brokerage customers need to look into what their firm is paying on cash and either demand a money market fund return (4.5-5%) or take your business to a place like Wells Fargo Investments that offers money market funds for idle cash and up to 100 free trades per account/year if you have over $25k between deposit, loans, and brokerage (including IRAs).
2007-02-16 09:01:38 · answer #1 · answered by SmittyJ 3 · 0⤊ 0⤋
Binary options let users trade in currency pairs and stocks for various predetermined time-periods, minimal of which is 30 seconds. Executing trades is straightforward. The system uses user-friendly interfaces, which even an 8 years old kid, can operate without having to read any instructions. But winning trades is Not easy.
Binary trading is advertised as the only genuine system that lets users earn preposterous amounts of money in ridiculously short period of time. Advertisers try to implicate as if you can make $350 every 60 seconds; if it was true then binary trading would truly be an astonishing business.
However, does it make any sense? Can every trader make tons of money in binary trading? Who is actually paying all the money or the profit to traders?
The first challenge is finding a trustworthy binary broker; secondly, you need to find a binary trading strategy, which you can use to make profits consistently. Without an effective trading strategy, there is no way you can make money in this business.
Learning a profitable trading strategy is possible, You should watch this presentation video https://tr.im/16635
It's probably the best way to learn how to win with binary option
2015-01-24 10:16:31 · answer #2 · answered by Anonymous · 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 13:53:35 · answer #3 · answered by STAUDINGER 3 · 0⤊ 0⤋
can't answer you when i dun know which country you from? if you in Singapore, i can give you one.
for software, most broker come with it and just need to download on their web site. (apply in SG, should be the same in your country for you pay them commissions)
for real time, make sure you computer time is synchronised.
trailing capabilities? wow! you going at 100 counter per day?
2007-02-16 07:26:39 · answer #4 · answered by Spidy Josh 2 · 0⤊ 0⤋
Sharebuilder is only cheap if you use their automatic investing program. For most traders, that doesn't work. I trade full-time and I use Scottrade. Only $7/trade for unlimited shares, good customer support and local branches everywhere.
2007-02-16 07:43:59 · answer #5 · answered by LongArm 3 · 0⤊ 1⤋
Trade King is the best and they have trailing stops and limit order for 5 dollars thats all you pay with every trade and any kind of trade. email me at franksprung@yahoo.com so i can get a 50 dollar credit to my account for referal thanks.
2007-02-16 07:09:34 · answer #6 · answered by franksprung 3 · 0⤊ 0⤋
try this web site if you dont want to risk real money at first you can try a player account to test your stratergy it's all real time with stop loss capabilitys and if you want to trade with money less £100 is needed to open a trading account
http://www.tradindex.com/
2007-02-16 07:02:39 · answer #7 · answered by Jay The Jester 2 · 0⤊ 1⤋
TDAmeritrade is pretty good, they have a scanning engine that's fairly good and streaming real-time quotes too. Really good customer support so maybe worth a bit more for brokerage.....
2007-02-16 22:29:03 · answer #8 · answered by Sizzle Pizzle 3 · 1⤊ 0⤋
I have and like E-Trade Financial
2007-02-16 06:53:30 · answer #9 · answered by Anonymous · 0⤊ 0⤋
TradeKing.
2007-02-16 09:15:38 · answer #10 · answered by Anonymous · 0⤊ 2⤋