Day Trading
Who is the best company to do day trading with and why?
I’m interested in dabbling in some day trading. I don’t have a lot of money to invest, but I’d like to change that. Who would be a good company for a relative novice to get involved with – meaning cost, minimum investment, speed of trades, and stability?
All major brokerage firms provide their clients with on-line services, including trading platforms, latest market & financial news and research.
Customer need to select the site that is best for them. Traders have requirements in a site, while investors have other requirements.
Although most sites are geared to general securities and commodities, however customers may have special needs for the types of products they trade, and the markets in which they trade.
However, novices should not be day trading, if they do it is certain that they will loose their money.
Also, if you do not have “a lot” of money to trade, you should not be trading, and defiinetly not day trading.
All firms are subject to the same rules and regulations governing the buying and selling of securities and all have basically the same type of trading platforms which makes their order entery, execution and reporting the same.
The most popular firms for on-line investing and do support day trading are; Scottrade; Chas.Schwab; TDAmeritrade; Fidelity; E-Trade and Thinkorswim.
You should consider, as a novice, using the full services of the firm including going through a sales rep since on-line services are geared to making it expediate to use a firm’s services and not for education
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