Helpful links

We recommend visiting Investopedia for helpful information on the various concepts in day trading. If you are a beginner it is important for you to familiarize yourself in basic concepts such as order types, chart patterns and trading terminology.

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Choosing an online stock broker is one of the most important decisions you’ll make as in investor. Every client has a different investment style that can help determine which online broker may be the best fit.The staff at StockBrokers.com has compiled a quick review of the 10 top online stock brokers. Every broker is known for something different which makes it unique to its competitors. The goal of this review is to exploit those unique factors whether it be discounted trades, great customer service, or an overall highly rated platform.

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http://www.investopedia.com/financial-edge/0312/how-to-become-a-day-trader.aspx

During the heyday of the tech bubble in the late 1990s, day traders made easy money buying and selling Internet stocks. It didn’t take much skill to succeed in those days. In just a 17-month period, from October 1998 to March 2000, the Nasdaq Composite Index skyrocketed from roughly 1,344 to an all-time high of around 5,132. All you had to do was ride that tidal wave to rake in the profits. Many of those traders made just as much shorting the index on its way down to a low of about 1,108 in October 2002, losing 78% of its value in 31 months.

Once the bubble had fully deflated, the easy money dried up. Many of those who had profited through good luck and timing left trading and looked for other work. They discovered that day trading, like any other profession, requires education and skills to consistently make a living. For more information, see Day Trading: An Introduction.

Basics
A pure day trader buys and sells stocks or other investments and ends the trading day in cash with no open positions. If a position is held overnight or for several days, it’s called a swing trade. Most day traders use both approaches, depending on their trading style and the nature of their investments.

Day trading requires a professional software platform and a high-speed Internet connection. While it’s possible to design and build your own trading platform, most traders use a prepackaged setup provided by their brokerage or a specialized software company. It’s best to have a powerful desktop with at least two monitors, and preferably four to six. You need multiple screens to display the charts and technical indicators that will provide your buy and sell signals.

Read more: How To Become A Day Trader http://www.investopedia.com/financial-edge/0312/how-to-become-a-day-trader.aspx#ixzz3lHlxD6Pc
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When you use a brokerage platform, ensure that real-time news and data feeds are included in the package. You’ll need that data to construct charts that expose trends and portray the time frames and trading strategies you want.

Technical Indicators
Familiarity with stocks and market fundamentals isn’t enough to succeed as a trader. You should understand technical analysis and all of the tools used to dissect chart patterns, trading volume and price movements. Some of the more common indicators are resistance and support levels, moving average convergence/divergence (MACD), volatility, price oscillators and Bollinger Bands®.

Read more: How To Become A Day Trader http://www.investopedia.com/financial-edge/0312/how-to-become-a-day-trader.aspx#ixzz3lHmNCKq5

Learning and understanding how these indicators work only scratches the surface of what you’ll need to know to develop your personal trading style. Hundreds of books have been written about day trading, and you can also take classes online or in person.
Strategies
Trading requires sufficient capital to take advantage of leveraging fairly large positions. Most traders make their money on relatively small price movements in liquid stocks or indexes with mid to high volatility. You need price movement to make money, either long or short. Higher volatility implies higher risk, with the potential for greater rewards and losses.

Unless you can buy several hundred or more shares of a stock, you won’t make enough money on trades to cover the commissions. The lower the price of the stock, the more shares you’ll need to gain sufficient leverage and total price movement.

The key to successful trading is developing techniques to determine entry and exit points. Most traders develop a style that they stick with, once they are comfortable with it. Some only trade one or two stocks every day, while others trade a small basket of favorites. The advantage of trading only a few stocks is that you learn how they act under different conditions and how movement is affected by the key market makers.

Discipline
Develop a process and try it out with fictional trades. Refine the process and find what works for you. Only then should you put real money on the line and start actively trading the markets. Experienced traders define what constitutes a trading setup and the pattern and indicator combination they want to see before pulling the trigger. They rarely deviate from those setups in order to maintain focus and keep their emotions at bay.

Once you enter a position, stops should be placed to get you out of that position when a specified loss threshold is reached. If a trade is going the wrong way, hope and prayer will not help turn it around. Exiting the trade frees up your capital to redeploy to another more promising trade. You want to exit losers as soon as possible and ride the winners as long as they’re profitable.

The Bottom Line
The success rate for day traders is estimated to be around only 10%, so if 90% are losing money, how could anyone expect to make a living this way? The answer lies in professional training, diligent research, refined skills, great discipline and the ability to admit mistakes and cut your losses. You have to be prepared to make split-second, unemotional decisions based on information that is sometimes incomplete, contradictory and changing by the second. The statistics prove it’s clearly much easier said than done.

Day trading is not for the faint of heart. A winning strategy may involve executing many trades in one day, while avoiding the trap of overtrading and running up huge commissions. Day trading can be fun, as well as profitable, if you learn the ropes and set realistic goals.

SEE: Day Trading Strategies For Beginners

Read more: How To Become A Day Trader http://www.investopedia.com/financial-edge/0312/how-to-become-a-day-trader.aspx#ixzz3lHmNCKq5
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http://www.investopedia.com/articles/active-trading/051215/top-us-regulated-stock-brokers.asp

The Top U.S. Regulated Stock Brokers

By Prableen Bajpai, CFA (ICFAI) | May 12, 2015 AAA |

According to the World Federation of Exchanges, the total market capitalization of the world’s major equity markets have grown by 9 percent in the last year alone—to about $66.84 trillion. With the ease of using online trading platforms, both market size and participation are increasing. But investors should take care to choose brokers who are fully regulated. In this article, we will discuss the top U.S.-regulated stock brokers.

The U.S. Securities and Exchange Commission (SEC) is the government agency that regulates the securities industry in the United States. Under the SEC are the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). Investors should make sure their broker is a member or FINRA or another independent self-regulatory organization like it. FINRA regulates brokers, licenses firms and individuals, and can fine or otherwise discipline its members. In case the broker fails or goes bankrupt, the SIPC is an insurance program that protects customer assets to up to $500,000 (of which up to $250,000 can be cash).

Here are some of the regulated top brokers in the United States based on investment offerings, international access, fees and commissions, speed and security, support service, educational and other resources, and ease of use. These brokers are presented in no particular order.

TD Ameritrade: TD Ameritrade (NYSE: AMTD) is among the top ranking stock brokers in the United States. Its well known for the quality and value and this is part of the reason that it has a huge account base despite having trading charges on the higher side (a flat rate of $9.99). TD Ameritrade provides a 24/7 customer support system, user-friendly website, mobile offering, rich research, and advanced trading tools. It is currently a trading and investing platform to approximately six million accounts with a total asset base of more than $600 billion.
Fidelity Investments: Fidelity’s competitive brokerage rates, in-depth research, investor education resource, and good customer service, make it a choice of many. The firm also provides the lowest margin rates as compared to peers. Fidelity manages over 15 million accounts with assets amounting to around $1.5 trillion (as of December 2014). Fidelity is a preferred platform for international investing as it provides its clients access to stock exchanges in 25 different countries through their primary accounts.
TradeKing: TradeKing is a good combination of low-cost commission rates (flat fee of $4.95) along with easy to use tools, educational content, research reports, and quality customer service. TradeKing was started in 2005 and it merged with Zecco Trading, its sister company, in 2012. The firm offers low-cost pricing, technological innovation, good client service, and a variety of trading tools.
Charles Schwab: Charles Schwab (NYSE: SCHW) founded in 1973 is an iconic brand that lives up to its reputation in terms of its offerings and service. The firm currently handles client accounts with assets worth a whopping $2.46 trillion. It provides stock trades at a flat rate of $8.996 and is a convenient, easy to use, high-quality platform that provides research, customer service, trading, and advisory. OptionsXpress was acquired by Charles Schwab in 2011 but the final migration of clients and accounts has not been completed.
Scottrade​: Scottrade operates through a vast network of 500 local branch offices, providing high-quality customer service to its clients. The firms offers a flat fee for trading stocks at $7, which is less than high-end brokers while more than discount brokers. The firm helps its clients to make well-informed investment decisions by providing a good spread of investment products complemented with quality research.
TradeStation Securities: The focus of the firm has been on trading technology which has kept it ahead of many others over the 30 years of its existence. The brokerage firm has a slightly complex commission structure to suit different investor needs and thus the clients should carefully understand the same before trading. TradeStation provides a sound desktop platform and mobile trading app to cater to all categories of users including active traders, professional investors, and institutions (like hedge funds).
E*TRADE: Founded in early 1980s, E*TRADE (NASDAQ: ETFC) is one of the top U.S. trading platforms. It brings to its clients a well-rounded offering that tends to outweigh its slightly higher cost ($9.99). E*TRADE has 30 branch offices and even offers basic banking services in addition to brokerage services. It provides a user-friendly trading experience, in-depth research, innovative products and apps, and good customer service for both fledgling and seasoned investors as well as active traders.
Interactive Brokers: Interactive Brokers (NASDAQ: IBKR) is best known for its low commission rates and wide access to international markets. The firm’s portal provides an exposure to 30 different countries, 100 market centers, a host of investment products, lowest margin rates, and wide range of trading tools. It’s well suited for active traders, advanced investors, and institutions.
OptionsHouse: OptionsHouse and tradeMONSTER merged in 2014, and the combined entity provides the best of both top class firms to its clients. While OptionsHouse is known for its competitive stock trades (at a flat fee of $4.95), tradeMONSTER is one of the best web platforms, offering ease of use, quality, innovation, speed, and wide range of tools. Clients will get to experience a great combination of a top of the line trading platform and highly competitive commissions.
Merrill Edge: Merrill Edge was launched in mid-2010, a year and a half after the acquisition of Merrill Lynch by Bank of America. Being an extension of the Bank of America, Merrill Lynch gets to offer its services to the existing clients of Bank of America but is not confined to them. Investors and traders other than clients of the bank are welcome to open an account with Merrill Edge that provides regular stock trades at flat rate of $6.95. Merrill Edge offers robust research with Morningstar and Lipper as primary report providers, free trades through its Preferred Awards Program, and excellent customer service.
The Bottom Line

Some other stock brokers worth a look are Firstrade, Lightspeed Trading, ShareBuilder and MB Trading. All the broker firms mentioned have a unique selling proposition like premium client service, low commission rates, high-quality trading experience, or award-winning status. But most importantly, these brokers fulfill the regulatory criteria of the SEC and thus provide basic assurances in conduct and practices as well as insurance should the broker go bankrupt. (Related reading How To Choose The Right Online Trading Broker)

Fidelity Investments is Hiring
An online educational trading platform Join us in one of our relationship and wealth management roles where you’ll manage and develop a substantial book of business. If you are interested in learning more and finding out if Fidelity has an opportunity for you, An online educational trading platform
Read more: The Top U.S. Regulated Stock Brokers (AMTD,IBKR,SCHW) http://www.investopedia.com/articles/active-trading/051215/top-us-regulated-stock-brokers.asp#ixzz3lDvc2Tvr
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TD Ameritrade was ranked #1 Online Broker 2015 by StockBrokers.com* even with its $9.99 trades. Its platforms thinkorswim (ranked “#1 Desktop Platform” 2014) and Trade Architect are loaded with tools and features. Add to that TD Ameritrade’s education, robust research, investment guidance, etc and what you pay for is what you get.

TD Ameritrade Offer: Trade free for 60 days + Get up to $600 with any new account.

2. ETRADE

ETRADE shines for its ease of use, platforms & tools, and its top notch mobile offering. The broker’s customizable client dashboard, ETRADE 360, won “Best Client Dashboard” and ETRADE Mobile was rated “#1 Smartphone App” in the StockBrokers.com 2015 Broker Review*.

ETRADE Offer: Trade free for 60 days + Get up to $600 with any new account.

3. OptionsHouse

OptionsHouse was rated #1 for Options Trading in the StockBrokers.com 2015 Broker Review*. OptionsHouse offers $4.95 flat fee trades alongside options trades for $4.95 + $.50 per contract. Their web based platform tradeMONSTER is also known for its ease of use which makes for simple, discounted trading.

OptionsHouse Offer: Trade Free for 60 Days.

4. TradeKing

TradeKing offers investors great customer service with a 4.0 star rating, competitive trade commissions, quality research for stocks, ETFs, alongside mutual funds, and is home to the Trader Network with thousands of investors all sharing trade ideas, research, and market analysis.

TradeKing Offer: Get $150 in Transfer Fees Reimbursed.

5. Scottrade

Scottrade was awarded Best Overall Client Experience 2015 with its top of line customer support. The broker has over 500 local branch offices for personal service – the largest network out of any of the online brokers – and offers competitive $7 flat-fee stock trades.

Scottrade Offer: Get up to a $2,000 cash bonus.

Comparing Stock Brokers

When choosing your online broker, here are some great tips to remember to help you decide:

1. Narrow down a list of what is most important to you – Just like when shopping for a new home, making a focus list of wants will help you separate choices to ultimately make a decision. For an investor that travels often for example, mobile trading will be more important than the cost of placing trades.

2. Choose a broker with high acclaim and that is well known – Larger, established online brokers almost always offer more features, trade tools, better customer service, etc. Some brokers have millions of clients and these are the ones that almost always deliver a high quality experience for clients.

3. Be aware of miscellaneous fees – Be conscious of what fees the broker is charging. I do not recommend any smaller brokers on this site specifically for this reason. There are usually many hidden fees that are only found by digging through the broker website. To see what extra fees brokers charge, I recommend reading through the full length stock broker reviews on StockBrokers.com.

Full Broker Chart

Compare online brokers also with the comparison chart here on StockTrader.com that includes 8 online brokers. All the online stock brokers and discount stock brokers mentioned above are featured.

There are star ratings, pricing and fees information as well as a features overview section to see every broker’s latest promotional offer.

Best Stock Brokers

Having the best stock broker to serve individual needs is very important for any investor. For example, cheap trades most often come at the expense of less research tools and a more simplified trade platform. Consider these 12 key factors to help compare all stock brokers and ultimately find the best broker to suite your needs.

1. Trade Commissions
What does it cost to buy shares of stock? Does the fee change based on the type of order or size of order? The best any investor can get from a broker are what are known as flat-fee trades, ie charging a flat rate regardless of the type, price of the stock, or size of the order.

2. Customer Service
When picking up the phone or emailing a broker, is a well trained customer service representative ready to assist? How any investor is treated as a client is more important to some than others. But, even for those that don’t rely on customer support that often, to know that they have award winning service there when they need it is comforting.

3. Trading Tools
Trading successfully is a lot easier when investors have great tools at their disposal. A top stock broker should offer access to a wide variety of trade tools to help make the most of each and every trade. From real time streamers to last sale tickers, live news feeds, mobile trading and for some even level II quotes. Strong trade tools are essential for active investors.

4. Account Minimums
Some brokers allow you to open an account with no minimum deposit while others may require several thousand dollars. Also know that some brokers require higher minimums to gain access to premium platforms, functionality, and personalized support.

5. Other Fees
Fees beyond trade commissions include inactivity fees, transfer fees, and yearly IRA fees for having a retirement account. While over time most brokers have grown to exclude many fees, it is still important to understand as every broker is different. Just like a bank account, stock brokers also make a portion of their profits of extra service fees.

6. Market Research
A good online broker will provide a variety of both free and paid market research tools. More often than not, the more you pay per trade the better the access to market research. Etrade and TD Ameritrade for example provide fantastic access to research.

7. Investment Options
A online stock broker should offer access to not only trading stocks, but also mutual funds, ETFs, and options. Most brokers offer these investment types but some niche brokers do not. This can also expand out to include even forex and futures trading which brokers likeOptionsXpress and MB Trading both offer.

8. Retirement Accounts
Funding a 401k, Roth IRA or other retirement account is an extra plus that many online brokers offer. Most brokers will go out of their way to try and market retirement accounts to their clients with convenient features like one click access between accounts. Make sure to watch out though for the yearly fees that some brokers charge, typically around $35 per year, per retirement account.

9. Banking
The emerging trend for the larger online brokers is to offer banking and other financial services. This goes beyond money market accounts and CDs. Checking accounts and even credit cards are also sometimes offered.

10. Account Security
Because of the web, online brokers the best online brokers invest heavily into account security. Security questions, PINs, and the like are used by most brokers. Just like shopping online and choosing a trustworthy website to purchase from, the best bet with your broker is almost always to choose a well known, established broker for your portfolio.

11. Speed & Execution
For the active trader execution speed and fill price are very important. I won’t get too in depth here but I have tested many of these brokers and there can be noticeable differences in trade execution times and quality. For the majority of investors this mili seconds of time or saving a penny per share on an order isn’t the end of the world, but for active traders it is something to consider.

12. International Trading
For investors in the United States this is not a problem but for investors living outside the US, when comparing brokers it is important to make sure they offer service in your country.

Questions & Help Choosing a Broker

If you need help deciding which broker to choose or have a broker specific question please feel free to email me and I will be happy to help.

Also, if you feel this guide was helpful for you please share it on Facebook, Twitter, Google+, or email it to a friend. This took many dozens of hours to put together so I appreciate your support!

This guide was written by , Trader at Reink Media Group, LLC and was last updated on 2015-07-27.

* – The StockBrokers.com 2015 broker review included 15 brokers with ratings in ten areas: commissions & fees, ease of use, platforms & tools, research, customer service, offering of investments, investor education, mobile trading, banking, and overall.

TD Ameritrade, Inc. and Reink Media Group LLC are separate, unaffiliated companies and are not responsible for each other’s services and products.

 

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Last Updated: Sep 9, 2015

*

Bottom Line:

Ranked as our #1 overall trading platform, Scottrade has developed industry-standard tools over the last three decades. It’s clear from its trading interface that Scottrade puts an emphasis on clean, intuitive design, which allows you to sort through data without clutter. Given its sterling reputation and decades worth of experience, Scottrade customers are in great hands.
Start TradingRead the Full ReviewSubmit Review

1 All fees shown (stock trade and options trade) are online trading fees only.

#2*

9.5* /10Our Rating
 

User Rating

Stock Trade Fee 1
$4.95
Options Trade Fee  
$0.50/contract + $4.95 base
Advanced Trading Platform  
DEAL: Trade commission free for 60 daysClaim Deal

Bottom Line:
OptionsHouse offers transaction rates starting as low as $4.95, along with flexible features that most online brokerages can’t match. OptionsHouse also brings an award-winning mobile app that you can access anytime, on the go. As a bonus, sign up today and trade commission free for 60 days after an initial $5K deposit!
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#3*

 
Stock Trade Fee 1
$9.99
Options Trade Fee  
$0.75/contract + $9.99 base
Advanced Trading Platform  
DEAL: Trade free for 60 days + get up to$600*(depending on your deposit amount)Claim Deal

Bottom Line:
TD Ameritrade creates a powerful experience for new and experienced traders alike. Its easy-to-use interface combined with 24/7 support and unmatched support specialists gives traders an edge when it comes to making tough decisions. You can also implement trading strategies risk-free by using up to $100,000 of “play money”.
Start TradingRead the Full ReviewSubmit Review

 

Click Here to See the Rest of Our Top 5

LATEST STOCK TRADING COMPANY REVIEWS

One of the most recognized and respected names in stock and commodities trading, Scottrade has been developing industry-standard tools for over three decades. The company offers several trading platforms and research tools, which could help you stay informed and ahead of the curve in several trade scenarios. With online trades starting at $7 per transaction. Sign Up – Read More

Coupling tons of trading options with unbelievably low prices, OptionsHouse has made a huge splash in the online brokerage industry over the past decade or so. Starting at $4.95 for stock transactions, OptionsHouse simply offers prices that most online trading platforms just can’t match. OptionsHouse doesn’t stop at low pricing, however, offering traders a number of platforms to help them trade stocks, options and other commodities in any way that they’d like. Sign Up – Read More

For new investors looking to make a splash in day trading, TD Ameritrade can offer the user-friendly, powerful solutions that could help you make smart choices. With investment guidance to support its intuitive interface, TD Ameritrade could have you buying and selling like a pro in no time. You could also benefit from the company’s simplistic platforms. Sign Up – Read More

As one of the newest online financial service companies, Motif Investing stands out as an innovator that offers investors something they probably won’t find anywhere else. It offers familiar features like individual and joint-brokerage accounts (as well as Traditional, Roth, and Rollover IRA’s) but stands out with its one-of-a-kind platform that hands the reigns of control back over to you. Sign Up – Read More

TradeKing’s unique approach encourages investors to form strategies and ideas by interacting with one another. As a discount broker, TradeKing isn’t interested in the bells and whistles of flashy advertising, but instead invests in making sure its traders pay low fees and have access to the right research tools to build stock portfolios worth bragging about. Sign Up – Read More

The video game wars are heating up this summer, now that Blizzard released the new Diablo 3. However, investors may want to stay wary of Activision Blizzard (ATVI). Activision’s financial performance is top-notch, but its upcoming lineup is not looking too promising either. To tell the truth, Activision has always had a reputation for running … Read More

There are many strategies and techniques for stock trading. One method is called “day trading” and it’s a strategy recommended for people who have experience with the stock market and the discipline to research and study the various stocks. Day Trading is perhaps the most exciting type of stock trading. Those that enter day trading … Read More

Just as there are a variety of ways to begin stock trading, there are also different types of investors who make trades in the market on a daily basis.  Which type of investor do you want to be? Your choice will depend on your personal comfort level with risk, and your knowledge of how the

 

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Our Top 5 Stock TradingMost Popular Choice

*

 
 
 

User Rating

Stock Trade Fee 1
$7.00
Options Trade Fee  
$1.25/contract + $7.00 base
Advanced Trading Platform  
DEAL:Get A $2,000 Cash Bonus with Qualifying DepositsClaim Deal

Bottom Line:
Ranked as our #1 overall trading platform, Scottrade has developed industry-standard tools over the last three decades. It’s clear from its trading interface that Scottrade puts an emphasis on clean, intuitive design, which allows you to sort through data without clutter. Given its sterling reputation and decades worth of experience, Scottrade customers are in great hands.
Start TradingRead the Full ReviewSubmit Review

1 All fees shown (stock trade and options trade) are online trading fees only.

#2*

 
 
 

User Rating

Stock Trade Fee 1
$4.95
Options Trade Fee  
$0.50/contract + $4.95 base
Advanced Trading Platform  
DEAL:Trade commission free for 60 daysClaim Deal

Bottom Line:
OptionsHouse offers transaction rates starting as low as $4.95, along with flexible features that most online brokerages can’t match. OptionsHouse also brings an award-winning mobile app that you can access anytime, on the go. As a bonus, sign up today and trade commission free for 60 days after an initial $5K deposit!
Start TradingRead the Full ReviewSubmit Review

#3*


Stock Trade Fee 1
$9.99
Options Trade Fee  
$0.75/contract + $9.99 base
Advanced Trading Platform  
DEAL:Trade free for 60 days + get up to$600*(depending on your deposit amount)Claim Deal

Bottom Line:
TD Ameritrade creates a powerful experience for new and experienced traders alike. Its easy-to-use interface combined with 24/7 support and unmatched support specialists gives traders an edge when it comes to making tough decisions. You can also implement trading strategies risk-free by using up to $100,000 of “play money”.
Start TradingRead the Full ReviewSubmit Review

Click Here to See the Rest of Our Top 5

LATEST STOCK TRADING COMPANY REVIEWS

One of the most recognized and respected names in stock and commodities trading, Scottrade has been developing industry-standard tools for over three decades. The company offers several trading platforms and research tools, which could help you stay informed and ahead of the curve in several trade scenarios. With online trades starting at $7 per transaction. Sign Up – Read More

Coupling tons of trading options with unbelievably low prices, OptionsHouse has made a huge splash in the online brokerage industry over the past decade or so. Starting at $4.95 for stock transactions, OptionsHouse simply offers prices that most online trading platforms just can’t match. OptionsHouse doesn’t stop at low pricing, however, offering traders a number of platforms to help them trade stocks, options and other commodities in any way that they’d like. Sign Up – Read More

For new investors looking to make a splash in day trading, TD Ameritrade can offer the user-friendly, powerful solutions that could help you make smart choices. With investment guidance to support its intuitive interface, TD Ameritrade could have you buying and selling like a pro in no time. You could also benefit from the company’s simplistic platforms. Sign Up – Read More

As one of the newest online financial service companies, Motif Investing stands out as an innovator that offers investors something they probably won’t find anywhere else. It offers familiar features like individual and joint-brokerage accounts (as well as Traditional, Roth, and Rollover IRA’s) but stands out with its one-of-a-kind platform that hands the reigns of control back over to you. Sign Up – Read More

TradeKing’s unique approach encourages investors to form strategies and ideas by interacting with one another. As a discount broker, TradeKing isn’t interested in the bells and whistles of flashy advertising, but instead invests in making sure its traders pay low fees and have access to the right research tools to build stock portfolios worth bragging about. Sign Up – Read More

The video game wars are heating up this summer, now that Blizzard released the new Diablo 3. However, investors may want to stay wary of Activision Blizzard (ATVI). Activision’s financial performance is top-notch, but its upcoming lineup is not looking too promising either. To tell the truth, Activision has always had a reputation for running … Read More

There are many strategies and techniques for stock trading. One method is called “day trading” and it’s a strategy recommended for people who have experience with the stock market and the discipline to research and study the various stocks. Day Trading is perhaps the most exciting type of stock trading. Those that enter day trading … Read More

Just as there are a variety of ways to begin stock trading, there are also different types of investors who make trades in the market on a daily basis.  Which type of investor do you want to be? Your choice will depend on your personal comfort level with risk, and your knowledge of how the

http://www.investopedia.com/articles/active-trading/061214/best-daytrading-schools.aspTrading equipment[edit]

Some day trading strategies (including scalping and arbitrage) require relatively sophisticated trading systems and software. This software can cost $45,000 or more. Since laymen have now entered the day trading space, strategies can now be found for as little as $5,000. Many day traders use multiple monitors or even multiple computers to execute their orders. Some use real time filtering software which is programmed to send stock symbols to a screen which meet specific criteria during the day, such as displaying stocks that are turning from positive to negative. Some traders use community based tools including forums and chat rooms.

Brokerage[edit]

Day traders do not usually use market maker brokers or discount brokers because they are slower to execute trades, trade against order flow, and charge higher commissions than direct-access brokers, who allow the trader to send their orders directly to the ECNs. Direct access trading offers substantial improvements in transaction speed and will usually result in better trade execution prices (reducing the costs of trading). Outside the US, day traders will often use CFD or financial spread betting brokers for the same reasons.

Commission[edit]

Commissions for direct-access brokers are calculated based on volume. The more shares traded, the cheaper the commission. The average commission per trade is roughly $5 per round trip (getting in and out of a position). While a retail broker might charge $7 or more per trade regardless of the trade size, a typical direct-access broker may charge anywhere from $0.01 to $0.0002 per share traded (from $10 down to $.20 per 1000 shares), or $0.25 per futures contract. A scalper can cover such costs with even a minimal gain.

As for the calculation method, some use pro-rata to calculate commissions and charges, where each tier of volumes charges different commissions. Other brokers use a flat rate, where all commissions and charges are based on which volume threshold one reaches.

Spread[edit]

Main article: Bid-ask spread

The numerical difference between the bid and ask prices is referred to as the bid-ask spread. Most worldwide markets operate on a bid-ask-based system.

The ask prices are immediate execution (market) prices for quick buyers (ask takers) while bid prices are for quick sellers (bid takers). If a trade is executed at quoted prices, closing the trade immediately without queuing would always cause a loss because the bid price is always less than the ask price at any point in time.

The bid-ask spread is two sides of the same coin. The spread can be viewed as trading bonuses or costs according to different parties and different strategies. On one hand, traders who do NOT wish to queue their order, instead paying the market price, pay the spreads (costs). On the other hand, traders who wish to queue and wait for execution receive the spreads (bonuses). Some day trading strategies attempt to capture the spread as additional, or even the only, profits for successful trades.

Market data[edit]

Market data is necessary for day traders, rather than using the delayed (by anything from 10 to 60 minutes, per exchange rules[9]) market data that is available for free. A real-time data feed requires paying fees to the respective stock exchanges, usually combined with the broker’s charges; these fees are usually very low compared to the other costs of trading. The fees may be waived for promotional purposes or for customers meeting a minimum monthly volume of trades. Even a moderately active day trader can expect to meet these requirements, making the basic data feed essentially “free”.

In addition to the raw market data, some traders purchase more advanced data feeds that include historical data and features such as scanning large numbers of stocks in the live market for unusual activity. Complicated analysis and charting software are other popular additions. These types of systems can cost from tens to hundreds of dollars per month to access.

Regulations and restrictions[edit]

Day trading is considered a risky trading style, and regulations require brokerage firms to ask whether the clients understand the risks of day trading and whether they have prior trading experience before entering the market.

Pattern day trader[edit]

Main article: Pattern day trader

In addition, in the US the Financial Industry Regulatory Authority and SEC further restrict the entry by means of “pattern day trader” amendments. Pattern day trader is a term defined by the SEC to describe any trader who buys and sells a particular security in the same trading day (day trades), and does this four or more times in any five consecutive business day period. A pattern day trader is subject to special rules, the main rule being that in order to engage in pattern day trading in a margin account, the trader must maintain an equity balance of at least $25,000. It is important to note that this requirement is only for day traders using a margin account.[10]

Daily Action in Forex[edit]

If you plan to make a profit you have to determine to choose or create a best intra-day trading strategy. Many investors would prefer high liquidity of the Forex Market and leverage – trading property from taking advantage of the daily high profitable transactions;

Intraday candlestick chart by looking at price movements can analyse a raw way.

Trend lines and triangular formations using the instant you can obtain information about the price movements.

Particularly at what point and at what point are you going to determine the volume of transactions in ascending or descending order to observe. The candlestick chart formations when used in an appropriate manner will show you the most reliable entry point.

Scalping is one of the most popular strategies. This strategy is also a process to become profitable is replaced immediately with the direction of the position.

[11]

See also[edit]

Direct access trading

Extended hours trading

Financial instruments

Fundamental analysis

Futures market

Scalping

Stock market

Technical Analysis

Trader

Trend following

Day trading software

Price discovery

Notes and references[edit]

Jump up^ Sale, Robert (2001). Trading Strategies for Direct Access Trading: Making the Most Out of Your Capital

Jump up^ “U.S. government warning about the dangers of day trading”.

Jump up^ Gomez, Steve; Lindloff, Andy (2011). Change is the only Constant. IN: Lindzon, Howard; Pearlman, Philip; Ivanhoff, Ivaylo. The StockTwits Edge: 40 Actionable Trade Set-Ups from Real Market Pros. Wiley Trading. ISBN 978-1118029053.

Jump up^ Gomez, Steve (October 2009). “Adapting To Change”. SFO Magazine (republished on Trader Planet, 2013). Retrieved 2013-10-17.

Jump up^ Investopedia. “Uptick Rule”.

Jump up^ http://www.forextradingonline.com/forex-trading-course/range-trading.html

Jump up^ “Type of Day Trader”. DayTradeTheWorld. Retrieved 11 August 2014.

Jump up^ Charles Duhigg. Artificial intelligence applied heavily to picking stocks – Business – International Herald Tribune. November 23, 2006.

Jump up^ “Exchange Requirements for Delayed Market Data”

Jump up^ Website that explains NASD Rule 2520 the Pattern Day Trader Rule

Jump up^ Daily Action in Forex

External links[edit]

U.S. Securities and Exchange Commission on day trading

 plifies gains and losses, such that substantial losses or gains can occur in a very short period of time. In addition, brokers usually allow bigger margins for day traders. In the USA for example, while the overnight margins required to hold a stock position are normally 50% of the stock’s value, many brokers allow pattern day trader accounts to use levels as low as 25% for intraday purchases. This means a day trader with the legal minimum $25,000 in his or her account can buy $100,000 (4x leverage) worth of stock during the day, as long as half of those positions are exited before the market close. Because of the high risk of margin use, and of other day trading practices, a day trader will often have to exit a losing position very quickly, in order to prevent a greater, unacceptable loss, or even a disastrous loss, much larger than his or her original investment, or even larger than his or her total assets.

History[edit]

Originally, the most important U.S. stocks were traded on the New York Stock Exchange. A trader would contact a stockbroker, who would relay the order to a specialist on the floor of the NYSE. These specialists would each make markets in only a handful of stocks. The specialist would match the purchaser with another broker’s seller; write up physical tickets that, once processed, would effectively transfer the stock; and relay the information back to both brokers. Brokerage commissions were fixed at 1% of the amount of the trade, i.e. to purchase $10,000 worth of stock cost the buyer $100 in commissions and same 1% to sell. (Meaning that to profit trades had to make over 2 % to make any real gain.)

One of the first steps to make day trading of shares potentially profitable was the change in the commission scheme. In 1975, the United States Securities and Exchange Commission (SEC) made fixed commission rates illegal, giving rise to discount brokers offering much reduced commission rates.

Financial settlement[edit]

Financial settlement periods used to be much longer: Before the early 1990s at the London Stock Exchange, for example, stock could be paid for up to 10 working days after it was bought, allowing traders to buy (or sell) shares at the beginning of a settlement period only to sell (or buy) them before the end of the period hoping for a rise in price. This activity was identical to modern day trading, but for the longer duration of the settlement period. But today, to reduce market risk, the settlement period is typically three working days. Reducing the settlement period reduces the likelihood of default, but was impossible before the advent of electronic ownership transfer.

Electronic communication networks[edit]

The systems by which stocks are traded have also evolved, the second half of the twentieth century having seen the advent of electronic communication networks (ECNs). These are essentially large proprietary computer networks on which brokers could list a certain amount of securities to sell at a certain price (the asking price or “ask”) or offer to buy a certain amount of securities at a certain price (the “bid”).

ECNs and exchanges are usually known to traders by a three- or four-letter designators, which identify the ECN or exchange on Level II stock screens. The first of these was Instinet (or “inet”), which was founded in 1969 as a way for major institutions to bypass the increasingly cumbersome and expensive NYSE, also allowing them to trade during hours when the exchanges were closed. Early ECNs such as Instinet were very unfriendly to small investors, because they tended to give large institutions better prices than were available to the public. This resulted in a fragmented and sometimes illiquid market.

The next important step in facilitating day trading was the founding in 1971 of NASDAQ—a virtual stock exchange on which orders were transmitted electronically. Moving from paper share certificates and written share registers to “dematerialized” shares, computerized trading and registration required not only extensive changes to legislation but also the development of the necessary technology: online and real time systems rather than batch; electronic communications rather than the postal service, telex or the physical shipment of computer tapes, and the development of secure cryptographic algorithms.

These developments heralded the appearance of “market makers“: the NASDAQ equivalent of a NYSE specialist. A market maker has an inventory of stocks to buy and sell, and simultaneously offers to buy and sell the same stock. Obviously, it will offer to sell stock at a higher price than the price at which it offers to buy. This difference is known as the “spread”. The market maker is indifferent as to whether the stock goes up or down, it simply tries to constantly buy for less than it sells. A persistent trend in one direction will result in a loss for the market maker, but the strategy is overall positive (otherwise they would exit the business). Today there are about 500 firms who participate as market-makers on ECNs, each generally making a market in four to forty different stocks. Without any legal obligations, market-makers were free to offer smaller spreads on ECNs than on the NASDAQ. A small investor might have to pay a $0.25 spread (e.g. he might have to pay $10.50 to buy a share of stock but could only get $10.25 for selling it), while an institution would only pay a $0.05 spread (buying at $10.40 and selling at $10.35).

Technology bubble (1997–2000)[edit]

Following the 1987 stock market crash, the SEC adopted “Order Handling Rules” which required market-makers to publish their best bid and ask on the NASDAQ. Another reform made was the “Small Order Execution System“, or “SOES”, which required market makers to buy or sell, immediately, small orders (up to 1000 shares) at the market-makers listed bid or ask. The design of the system gave rise to arbitrage by a small group of traders known as the “SOES bandits”, who made sizable profits buying and selling small orders to market makers by anticipating price moves bef

1 Characteristics

1.1 Profit and risks

2 History

2.1 Financial settlement

2.2 Electronic communication networks

2.3 Technology bubble (1997–2000)

3 Techniques

3.1 Trend following

3.2 Contrarian investing

3.3 Range trading

3.4 Scalping

3.5 Rebate trading

3.6 News playing

3.7 Price action

3.8 Candlestick charts

3.9 Artificial intelligence

4 Cost

4.1 Trading equipment

4.2 Brokerage

4.3 Commission

4.4 Spread

4.5 Market data

5 Regulations and restrictions

5.1 Pattern day trader

5.2 Daily Action in Forex

6 See also

7 Notes and references

8 External links

  • Characteristics[edit]

    Some day traders focus only on price momentum, others on technical patterns. Some traders choose to focus on a limited number of strategies they feel can be profitable.

    Some day traders use an intra-day technique known as scalping that usually has the trader holding a position for a few minutes or even seconds.

    Most day traders exit positions before the market closes to avoid unmanageable risks—negative price gaps (differences between the previous day’s close and the next day’s open bull price) at the open—overnight price movements against the position held. Other traders believe they should let the profits run, so it is acceptable to stay with a position after the market closes.[1]

    Day traders sometimes borrow money to trade. This is called margin trading. Since margin interests are typically only charged on overnight balances, the trader pays no fees for the margin benefit, though still running the risk of a margin call. The margin interest rate is usually based on the broker’s call.

    Profit and risks[edit]

    Because of the nature of financial leverage and the rapid returns that are possible, day trading results can range from extremely profitable to extremely unprofitable, and high-risk profile traders can generate either huge percentage returns or huge percentage losses. Because of the high profits (and losses) that day trading makes possible, these traders are sometimes portrayed as “bandits” or “gamblers” by other investors.

    Nevertheless, day trading can be risky, especially if any of the following is present while trading:

trading a loser’s game/system rather than a game that’s at least winnable,

trading with poor discipline (ignoring your own day trading strategy, tactics, rules),

inadequate risk capital with the accompanying excess stress of having to “survive”,

incompetent money management (i.e. executing trades poorly).[2][3]

  1. The common use of buying on margin (using borrowed funds) amplifies gains and losses, such that substantial losses or gains can occur in a very short period of time. In addition, brokers usually allow bigger margins for day traders. In the USA for example, while the overnight margins required to hold a stock position are normally 50% of the stock’s value, many brokers allow pattern day trader accounts to use levels as low as 25% for intraday purchases. This means a day trader with the legal minimum $25,000 in his or her account can buy $100,000 (4x leverage) worth of stock during the day, as long as half of those positions are exited before the market close. Because of the high risk of margin use, and of other day trading practices, a day trader will often have to exit a losing position very quickly, in order to prevent a greater, unacceptable loss, or even a disastrous loss, much larger than his or her original investment, or even larger than his or her total assets.

    History[edit]

    Originally, the most important U.S. stocks were traded on the New York Stock Exchange. A trader would contact a stockbroker, who would relay the order to a specialist on the floor of the NYSE. These specialists would each make markets in only a handful of stocks. The specialist would match the purchaser with another broker’s seller; write up physical tickets that, once processed, would effectively transfer the stock; and relay the information back to both brokers. Brokerage commissions were fixed at 1% of the amount of the trade, i.e. to purchase $10,000 worth of stock cost the buyer $100 in commissions and same 1% to sell. (Meaning that to profit trades had to make over 2 % to make any real gain.)

    One of the first steps to make day trading of shares potentially profitable was the change in the commission scheme. In 1975, the United States Securities and Exchange Commission (SEC) made fixed commission rates illegal, giving rise to discount brokers offering much reduced commission rates.

    Financial settlement[edit]

    Financial settlement periods used to be much longer: Before the early 1990s at the London Stock Exchange, for example, stock could be paid for up to 10 working days after it was bought, allowing traders to buy (or sell) shares at the beginning of a settlement period only to sell (or buy) them before the end of the period hoping for a rise in price. This activity was identical to modern day trading, but for the longer duration of the settlement period. But today, to reduce market risk, the settlement period is typically three working days. Reducing the settlement period reduces the likelihood of default, but was impossible before the advent of electronic ownership transfer.

    Electronic communication networks[edit]

    The systems by which stocks are traded have also evolved, the second half of the twentieth century having seen the advent of electronic communication networks (ECNs). These are essentially large proprietary computer networks on which brokers could list a certain amount of securities to sell at a certain price (the asking price or “ask”) or offer to buy a certain amount of securities at a certain price (the “bid”).

    ECNs and exchanges are usually known to traders by a three- or four-letter designators, which identify the ECN or exchange on Level II stock screens. The first of these was Instinet (or “inet”), which was founded in 1969 as a way for major institutions to bypass the increasingly cumbersome and expensive NYSE, also allowing them to trade during hours when the exchanges were closed. Early ECNs such as Instinet were very unfriendly to small investors, because they tended to give large institutions better prices than were available to the public. This resulted in a fragmented and sometimes illiquid market.

    The next important step in facilitating day trading was the founding in 1971 of NASDAQ—a virtual stock exchange on which orders were transmitted electronically. Moving from paper share certificates and written share registers to “dematerialized” shares, computerized trading and registration required not only extensive changes to legislation but also the development of the necessary technology: online and real time systems rather than batch; electronic communications rather than the postal service, telex or the physical shipment of computer tapes, and the development of secure cryptographic algorithms.

    These developments heralded the appearance of “market makers“: the NASDAQ equivalent of a NYSE specialist. A market maker has an inventory of stocks to buy and sell, and simultaneously offers to buy and sell the same stock. Obviously, it will offer to sell stock at a higher price than the price at which it offers to buy. This difference is known as the “spread”. The market maker is indifferent as to whether the stock goes up or down, it simply tries to constantly buy for less than it sells. A persistent trend in one direction will result in a loss for the market maker, but the strategy is overall positive (otherwise they would exit the business). Today there are about 500 firms who participate as market-makers on ECNs, each generally making a market in four to forty different stocks. Without any legal obligations, market-makers were free to offer smaller spreads on ECNs than on the NASDAQ. A small investor might have to pay a $0.25 spread (e.g. he might have to pay $10.50 to buy a share of stock but could only get $10.25 for selling it), while an institution would only pay a $0.05 spread (buying at $10.40 and selling at $10.35).

    Technology bubble (1997–2000)[edit]

    Following the 1987 stock market crash, the SEC adopted “Order Handling Rules” which required market-makers to publish their best bid and ask on the NASDAQ. Another reform made was the “Small Order Execution System“, or “SOES”, which required market makers to buy or sell, immediately, small orders (up to 1000 shares) at the market-makers listed bid or ask. The design of the system gave rise to arbitrage by a small group of traders known as the “SOES bandits”, who made sizable profits buying and selling small orders to market makers by anticipating price moves before they were reflected in the published inside bid/ask prices. The SOES system ultimately led to trading facilitated by software instead of market makers via electronic communications networks (“ECNs”).

    In the late 1990s, existing ECNs began to offer their services to small investors. New brokerage firms which specialized in serving online traders who wanted to trade on the ECNs emerged. New ECNs also arose, most importantly Archipelago (“arca”) and Island (“isld”). Archipelago eventually became a stock exchange and in 2005 was purchased by the NYSE. (At this time, the NYSE has proposed merging Archipelago with itself, although some resistance has arisen from NYSE members.) Commissions plummeted. To give an extreme example (trading 1000 shares of Google), an online trader in 2005 might have bought $300,000 of stock at a commission of about $10, compared to the $3,000 commission the trader would have paid in 1974. Moreover, the trader was able in 2005 to buy the stock almost instantly and got it at a cheaper price.

    ECNs are in constant flux. New ones are formed, while existing ones are bought or merged. As of the end of 2006, the most important ECNs to the individual trader were:

Instinet (which bought Island in 2002),

Archipelago (although technically it is now an exchange rather than an ECN),

the Brass Utility (“brut”), and

the SuperDot electronic system now used by the NYSE.

  •  

     

    The evolution of average NASDAQ share prices between 1994 and 2004

    This combination of factors has made day trading in stocks and stock derivatives (such as ETFs) possible. The low commission rates allow an individual or small firm to make a large number of trades during a single day. The liquidity and small spreads provided by ECNs allow an individual to make near-instantaneous trades and to get favorable pricing. High-volume issues such as Intel or Microsoft generally have a spread of only $0.01, so the price only needs to move a few pennies for the trader to cover his commission costs and show a profit.

    The ability for individuals to day trade coincided with the extreme bull market in technological issues from 1997 to early 2000, known as the Dot-com bubble. From 1997 to 2000, the NASDAQ rose from 1200 to 5000. Many naive investors with little market experience made huge profits buying these stocks in the morning and selling them in the afternoon, at 400% margin rates.

    In March, 2000, this bubble burst, and a large number of less-experienced day traders began to lose money as fast, or faster, than they had made during the buying frenzy. The NASDAQ crashed from 5000 back to 1200; many of the less-experienced traders went broke, although obviously it was possible to have made a fortune during that time by shorting or playing on volatility.

    In parallel to stock trading, starting at the end of the 1990s, a number of new Market Maker firms provide foreign exchange and derivative day trading through new electronic trading platforms. These allowed day traders to have instant access to decentralised markets such as forex and global markets through derivatives such as contracts for difference. Most of these firms were based in the UK and later in less restrictive jurisdiction, this was in part due to the regulations in the US prohibiting this type of over-the-counter trading. These firms typically provide trading on margin allowing day traders to take large position with relatively small capital, but with the associated increase in risk. Retail forex trading became a popular way to day trade due its liquidity and the 24-hour nature of the market.

    Techniques[edit]

    The following are several basic strategies by which day traders attempt to make profits. Besides these, some day traders also use contrarian (reverse) strategies (more commonly seen in algorithmic trading) to trade specifically against irrational behavior from day traders using these approaches. It is important for a trader to remain flexible and adjust their techniques to match changing market conditions.[4]

    Some of these approaches require shorting stocks instead of buying them: the trader borrows stock from his broker and sells the borrowed stock, hoping that the price will fall and he will be able to purchase the shares at a lower price. There are several technical problems with short sales—the broker may not have shares to lend in a specific issue, some short sales can only be made if the stock price or bid has just risen (known as an “uptick”), and the broker can call for the return of its shares at any time. Some of these restrictions (in particular the uptick rule) don’t apply to trades of stocks that are actually shares of an exchange-traded fund (ETF).

    The Securities and Exchange Commission removed the uptick requirement for short sales on July 6, 2007.[5]

    Trend following[edit]

    Main article: Trend following

    Trend following, a strategy used in all trading time-frames, assumes that financial instruments which have been rising steadily will continue to rise, and vice versa with falling. The trend follower buys an instrument which has been rising, or short sells a falling one, in the expectation that the trend will continue.

    Contrarian investing[edit]

    Main article: Contrarian investing

    Contrarian investing is a market timing strategy used in all trading time-frames. It assumes that financial instruments which have been rising steadily will reverse and start to fall, and vice versa. The contrarian trader buys an instrument which has been falling, or short-sells a rising one, in the expectation that the trend will change.

    Range trading[edit]

    Main article: Swing trading

    Range trading, or range-bound trading, is a trading style in which stocks are watched that have either been rising off a support price or falling off a resistance price. That is, every time the stock hits a high, it falls back to the low, and vice versa. Such a stock is said to be “trading in a range”, which is the opposite of trending.[6] The range trader therefore buys the stock at or near the low price, and sells (and possibly short sells) at the high. A related approach to range trading is looking for moves outside of an established range, called a breakout (price moves up) or a breakdown (price moves down), and assume that once the range has been broken prices will continue in that direction for some time.

    Scalping[edit]

    Main article: scalping (trading)

    Scalping was originally referred to as spread trading. Scalping is a trading style where small price gaps created by the bid-ask spread are exploited by the speculator. It normally involves establishing and liquidating a position quickly, usually within minutes or even seconds.

    Scalping highly liquid instruments for off-the-floor day traders involves taking quick profits while minimizing risk (loss exposure). It applies technical analysis concepts such as over/under-bought, support and resistance zones as well as trendline, trading channel to enter the market at key points and take quick profits from small moves. The basic idea of scalping is to exploit the inefficiency of the market when volatility increases and the trading range expands. Scalpers also use the “fade” technique. When stock values suddenly rise, they short sell securities that seem overvalued.[7]

    Rebate trading[edit]

    Rebate trading is an equity trading style that uses ECN rebates as a primary source of profit and revenue. Most ECNs charge commissions to customers who want to have their orders filled immediately at the best prices available, but the ECNs pay commissions to buyers or sellers who “add liquidity” by placing limit orders that create “market-making” in a security. Rebate traders seek to make money from these rebates and will usually maximize their returns by trading low priced, high volume stocks. This enables them to trade more shares and contribute more liquidity with a set amount of capital, while limiting the risk that they will not be able to exit a position in the stock. Rebate trading was pioneered at Datek Online and Domestic Securities. Omar Amanat founded Tradescape and the rebate trading group at Tradescape helped to contribute to a $280 million buyout from online trading giant E*Trade.

    News playing[edit]

    The basic strategy of news playing is to buy a stock which has just announced good news, or short sell on bad news. Such events provide enormous volatility in a stock and therefore the greatest chance for quick profits (or losses). Determining whether news is “good” or “bad” must be determined by the price action of the stock, because the market reaction may not match the tone of the news itself. This is because rumors or estimates of the event (like those issued by market and industry analysts) will already have been circulated before the official release, causing prices to move in ancitipation. The price movement caused by the official news will therefore be determined by how good the news is relative to the market’s expectations, not how good it is in absolute terms.

    Price action[edit]

    Keeping things simple can also be an effective methodology when it comes to trading.[citation needed] There are groups of traders known as price action traders who are a form of technical traders that rely on technical analysis but do not rely on conventional indicators to point them in the direction of a trade or not. These traders rely on a combination of price movement, chart patterns, volume, and other raw market data to gauge whether or not they should take a trade. This is seen as a “simplistic” and “minimalist” approach to trading but is not by any means easier than any other trading methodology. It requires a sound background in understanding how markets work and the core principles within a market, but the good thing about this type of methodology is it will work in virtually any market that exists (stocks, foreign exchange, futures, gold, oil, etc.).

    Candlestick charts[edit]

    Candlestick charts are used by traders using technical analysis to determine chart patterns. Once a pattern is recognized in the chart, traders use the information to take a position. Some traders consider this method to be a part of price action trading.

    Artificial intelligence[edit]

    An estimated one third of stock trades in 2005 in United States were generated by automatic algorithms, or high-frequency trading. The increased use of algorithms and quantitative techniques has led to more competition and smaller profits.[8]

    Cost[edit]

    Trading equipment[edit]

    Some day trading strategies (including scalping and arbitrage) require relatively sophisticated trading systems and software. This software can cost $45,000 or more. Since laymen have now entered the day trading space, strategies can now be found for as little as $5,000. Many day traders use multiple monitors or even multiple computers to execute their orders. Some use real time filtering software which is programmed to send stock symbols to a screen which meet specific criteria during the day, such as displaying stocks that are turning from positive to negative. Some traders use community based tools including forums and chat rooms.

    Brokerage[edit]

    Day traders do not usually use market maker brokers or discount brokers because they are slower to execute trades, trade against order flow, and charge higher commissions than direct-access brokers, who allow the trader to send their orders directly to the ECNs. Direct access trading offers substantial improvements in transaction speed and will usually result in better trade execution prices (reducing the costs of trading). Outside the US, day traders will often use CFD or financial spread betting brokers for the same reasons.

    Commission[edit]

    Commissions for direct-access brokers are calculated based on volume. The more shares traded, the cheaper the commission. The average commission per trade is roughly $5 per round trip (getting in and out of a position). While a retail broker might charge $7 or more per trade regardless of the trade size, a typical direct-access broker may charge anywhere from $0.01 to $0.0002 per share traded (from $10 down to $.20 per 1000 shares), or $0.25 per futures contract. A scalper can cover such costs with even a minimal gain.

    As for the calculation method, some use pro-rata to calculate commissions and charges, where each tier of volumes charges different commissions. Other brokers use a flat rate, where all commissions and charges are based on which volume threshold one reaches.

    Spread[edit]

    Main article: Bid-ask spread

    The numerical difference between the bid and ask prices is referred to as the bid-ask spread. Most worldwide markets operate on a bid-ask-based system.

    The ask prices are immediate execution (market) prices for quick buyers (ask takers) while bid prices are for quick sellers (bid takers). If a trade is executed at quoted prices, closing the trade immediately without queuing would always cause a loss because the bid price is always less than the ask price at any point in time.

    The bid-ask spread is two sides of the same coin. The spread can be viewed as trading bonuses or costs according to different parties and different strategies. On one hand, traders who do NOT wish to queue their order, instead paying the market price, pay the spreads (costs). On the other hand, traders who wish to queue and wait for execution receive the spreads (bonuses). Some day trading strategies attempt to capture the spread as additional, or even the only, profits for successful trades.

    Market data[edit]

    Market data is necessary for day traders, rather than using the delayed (by anything from 10 to 60 minutes, per exchange rules[9]) market data that is available for free. A real-time data feed requires paying fees to the respective stock exchanges, usually combined with the broker’s charges; these fees are usually very low compared to the other costs of trading. The fees may be waived for promotional purposes or for customers meeting a minimum monthly volume of trades. Even a moderately active day trader can expect to meet these requirements, making the basic data feed essentially “free”.

    In addition to the raw market data, some traders purchase more advanced data feeds that include historical data and features such as scanning large numbers of stocks in the live market for unusual activity. Complicated analysis and charting software are other popular additions. These types of systems can cost from tens to hundreds of dollars per month to access.

    Regulations and restrictions[edit]

    Day trading is considered a risky trading style, and regulations require brokerage firms to ask whether the clients understand the risks of day trading and whether they have prior trading experience before entering the market.

    Pattern day trader[edit]

    Main article: Pattern day trader

    In addition, in the US the Financial Industry Regulatory Authority and SEC further restrict the entry by means of “pattern day trader” amendments. Pattern day trader is a term defined by the SEC to describe any trader who buys and sells a particular security in the same trading day (day trades), and does this four or more times in any five consecutive business day period. A pattern day trader is subject to special rules, the main rule being that in order to engage in pattern day trading in a margin account, the trader must maintain an equity balance of at least $25,000. It is important to note that this requirement is only for day traders using a margin account.[10]

    Daily Action in Forex[edit]

    If you plan to make a profit you have to determine to choose or create a best intra-day trading strategy. Many investors would prefer high liquidity of the Forex Market and leverage – trading property from taking advantage of the daily high profitable transactions;

Intraday candlestick chart by looking at price movements can analyse a raw way.

Trend lines and triangular formations using the instant you can obtain information about the price movements.

Particularly at what point and at what point are you going to determine the volume of transactions in ascending or descending order to observe. The candlestick chart formations when used in an appropriate manner will show you the most reliable entry point.

Scalping is one of the most popular strategies. This strategy is also a process to become profitable is replaced immediately with the direction of the position.

Direct access trading

Extended hours trading

Financial instruments

Fundamental analysis

Futures market

Scalping

Stock market

Technical Analysis

Trader

Trend following

Day trading software

Price discovery

  • Notes and references[edit]

Jump up^ Sale, Robert (2001). Trading Strategies for Direct Access Trading: Making the Most Out of Your Capital

Jump up^ “U.S. government warning about the dangers of day trading”.

Jump up^ Gomez, Steve; Lindloff, Andy (2011). Change is the only Constant. IN: Lindzon, Howard; Pearlman, Philip; Ivanhoff, Ivaylo. The StockTwits Edge: 40 Actionable Trade Set-Ups from Real Market Pros. Wiley Trading. ISBN 978-1118029053.

Jump up^ Gomez, Steve (October 2009). “Adapting To Change”. SFO Magazine (republished on Trader Planet, 2013). Retrieved 2013-10-17.

Jump up^ Investopedia. “Uptick Rule”.

Jump up^ http://www.forextradingonline.com/forex-trading-course/range-trading.html

Jump up^ “Type of Day Trader”. DayTradeTheWorld. Retrieved 11 August 2014.

Jump up^ Charles Duhigg. Artificial intelligence applied heavily to picking stocks – Business – International Herald Tribune. November 23, 2006.

Jump up^ “Exchange Requirements for Delayed Market Data”

Jump up^ Website that explains NASD Rule 2520 the Pattern Day Trader Rule

Jump up^ Daily Action in Forex

Day trader

From Wikipedia, the free encyclopedia
 
 
This article is about the occupation. For the practice, see Day trading.

A day trader is a trader who adheres to a trading style called day trading. This involves buying and subsequently selling financial instruments (e.g. stocks, options, futures, derivatives, currencies) within the same trading day, such that all positions will usually be closed before the market close of the trading day. Depending on one’s trading strategy, it may range from several to hundreds of orders a day.

Types[edit]

There are two types of day traders: institutional and retail. Both institutional and retail day traders are described as speculators, as opposed to investors.

Institutional day traders work for financial institutions and have certain advantages over retail traders due to their access to more resources, tools, equipment, large amounts of capital and leverage, large availability of fresh fund inflows to trade continuously on the markets, dedicated and direct lines to data centers and exchanges, expensive and high-end trading and analytical software, support teams to help and more. These advantages give them certain edges over retail day traders.[1]

Retail day traders use retail brokerages and generally trade with their own capital.[citation needed]

Auto traders use of computer programs and other tools to enter trading orders automatically. Because this all happens with the help of the computer algorithm, it is also called algorithmic trading.[2]

Pros and cons[edit]

Day traders’ objective is to make profits by taking advantage of small price movements in highly liquid stocks or indexes as well. According to Adam Leitzes and Josh Solan (Bulls, Bears and Brains: Investing With the Best and Brightest of the Financial Internet), the more volatile the market, the more favorable the conditions for the day trader, regardless of the longer-term direction of the trend in the market. Unlike some fund managers and investors, who hold positions over longer periods of time and are averse to selling equities short, the day trader is not committed to a position and can adapt himself to whatever condition the market is in at any given moment.[3]

A day trader who wants to achieve success needs appropriate knowledge, equipment, tools and markets together with the ability to trade the right electronic trading platform. A day trader with the right information might be able to succeed, otherwise, success will go to the other person in the transaction or to the broker, if he happens to be the best informed person in the transaction.

Also, a successful day trader needs to know which stocks to trade, when to enter the trade, and when to get out of the trade. Part of this knowledge is to find those stocks with liquidity and volatility, in order to generate profits.[4]

Markets for retail day traders[edit]

Previously seen as a niche market, or something for institutional speculators, the foreign exchange market (forex) by 2010 had increased exponentially to an average daily volume of about US$4 trillion worldwide,[5] with spot retail forex trades accounting for an estimated 10% of that volume.

Possible reasons for the surge in retail forex trading is the now high margin requirements[6] in individual U.S. equities (stocks) for day traders imposed after 2001 and apparent overt manipulation of commodities markets[7] making commodity futures markets a less desirable market in which to participate. However exchange-traded funds (ETFs) have gained rapidly in popularity, being seen as a less expensive way to trade all futures markets as well as some more exotic markets not otherwise available to retail day traders.

The amount of margin required by most retail forex brokers in contrast is negligible. With full size lots (100,000 units of currency), mini-lots (10,000) and even micro-lots (1,000) all with up to as much as 1000:1 leverage being available (although not in the US wherethe maximum is now 50:1 after a ruling by the CFTC), means a retail day trader could in theory trade a single micro-lot of USD for the cost of $20. Realistically most brokers require a minimum deposit of $500. The sheer volume of the forex market makes it a difficult one to manipulate in any meaningful way, even with the money available to large proprietary and institutional trading interests.

See also[edit]

Day trading

Direct access trading

Paper trading

Pattern day trader

Price action trading

Scalping

References[edit]

 

Jump up^ Davis, E. Philip; Steil, Benn (2001). “Part IV: Institutional Trading”. Institutional Investors. United States of America: MIT Press. p. 378. ISBN 0-262-04192-8. Retrieved 26 March 2012.

Jump up^ “Automated Trading and What an Auto Trader does”. Retrieved June 1, 2010.

Jump up^ Leitzes, Adam; Solan, Josh (6 December 2000). “How Day Traders Survive”. Forbes.com. Retrieved 26 March 2012.

Jump up^ “Day Trading Strategies For Beginners”. Retrieved June 1,2010.

Jump up^ Daily forex trading hits $4 trillion a day

Jump up^ Day Trading Margin Requirements: Know the Rules

Jump up^ Gray, Michael (11 April 2010). “Metal$ are in the pits”. New York Post.

 
 

The Day Trading Academy’s Blog

Here at The Day Trading Academy (DTA), we provide unrivaled analysis of the global investment markets and potential opportunities. We use these very skills to invest and trade our own money into the markets.  Our Master Traders and superior investment experience of over 50 years sets us apart in a crowded industry.

We have been able to train many successful beginners as well as advanced traders through our learning how to day trade project.  Our investment information and opinions are now being used by a variety of major investment houses in addition to private equity funds in Canada and the United States.

Feel free to peruse the most recent Day Trading Academy Blog articles by scrolling down or choose your topic of interest below:

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Here at The Day Trading Academy (DTA), we provide unrivaled analysis of the global investment markets and potential opportunities. We use these very skills to invest and trade our own money into the markets.  Our Master Traders and superior investment experience of over 50 years sets us apart in a crowded industry.

We have been able to train many successful beginners as well as advanced traders through our learning how to day trade project.  Our investment information and opinions are now being used by a variety of major investment houses in addition to private equity funds in Canada and the United States.

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The Day Trading Academy’s Blog

Here at The Day Trading Academy (DTA), we provide unrivaled analysis of the global investment markets and potential opportunities. We use these very skills to invest and trade our own money into the markets.  Our Master Traders and superior investment experience of over 50 years sets us apart in a crowded industry.

We have been able to train many successful beginners as well as advanced traders through our learning how to day trade project.  Our investment information and opinions are now being used by a variety of major investment houses in addition to private equity funds in Canada and the United States.

Feel free to peruse the most recent Day Trading Academy Blog articles by scrolling down or choose your topic of interest below:

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The national elections in the United Kingdom on May 07th is a crossroads for the future of the country. There are not only enormous economic implications, but political ones as well at stake. One is the future of the nation and its role within the European Economic Community (EEC). Will Mr. Cameron the incumbent […]

Recap Of Our Student Charts From Today’s Live Class

Want to thank everyone who joins us for the live market analysis class this morning. Even with one of the biggest news items of the year, FOMC, and a completely sideways market, we were able to extract roughly 6 pts (for beginners) from the market in roughly 1 hour. I wanted to share the charts […]

Japan: A Case Study In The Limits To Quantitative Easing

Economists and politicians that become addicted to quantitative easing, often fail to realize when it is no longer working. Touted as a panacea for economies caught in a malaise, it is supposed to deliver new economic growth and stave off the harmful effects of deflation. Based on a theory that if a dose of quantitative […]

China’s Latest Efforts At Monetary Stimulus

In an effort to encourage investment within China, the government has further relaxed bank reserve requirements. It is another attempt to maintain the Chinese rate of economic growth to at least 7%. The latest industry wide cut, is the second one in less than 3 months. The last one was on February 04th, when a […]

The Reluctant Economic Recovery in Europe

The European economy was stagnating in 2014. A number of the major economies in the region were on the verge of recession and deflation was haunting the continent. Austerity was being pursued with a vengeance in a number of countries, in an attempt to pay down debt and bring national budgets back into balance. Unemployment […]

A Wider War In The Middle East Is Now More Likely Than Ever

The news that Russia was going to sell Iran advanced S-300 surface to air missiles at the beginning of the week, raised the stakes for the ongoing crisis in the Middle East. In essence, it ends the international arms embargo against Iran and underlines the failure of the United States in trying to manage the […]

Nigeria: Will The Changing Of The Guard Help Investment?

Nigeria for investors has always been a nation with great potential since independence from the United Kingdom in 1960. The Civil War from the years 1967 to 1970 dashed the earlier hopes for a stable and prosperous economy. This was the end result of corruption and a series of military coups that culminated into violence […]

Superman Proves You Don’t Have to Win Big Every Trade

We are in an industry where large rewards are promised. In our fast paced culture we want everything yesterday. Many people think that they are going to learn how to day trade in a week and start making millions of dollars. Wrong. Learning how to trade takes patience, discipline, and tons of perseverance. Many people also […]

China’s Next Move And Triumph: Reserve Status For The Yuan

China is gaining increasing prestige and influence in the world by carefully working within Western established institutions, when it is to their advantage and going around them when it does not support the Chinese drive towards great power status. China has been largely successful in garnering enough world wide support in the establishment of the […]

The United States Economic Recovery Continues To Sputter

Despite the constant assurance by the United States government to investors, that all is well with the domestic economy there are a number of government reports and other statistics that say otherwise. The March jobs announcement is an example of this. Economists had expected non-farm payrolls to rise to 245,000. Instead the numbers came in, […]
 
 
 
 
 Here at The Day Trading Academy (DTA), we provide unrivaled analysis of the global investment markets and potential opportunities. We use these very skills to invest and trade our own money into the markets.  Our Master Traders and superior investment experience of over 50 years sets us apart in a crowded industry.

We have been able to train many successful beginners as well as advanced traders through our learning how to day trade project.  Our investment information and opinions are now being used by a variety of major investment houses in addition to private equity funds in Canada and the United States.

Feel free to peruse the most recent Day Trading Academy Blog articles by scrolling down or choose your topic of interest below:

Global Investing Blog — Day Trading Blog – _________________________________________________________________________________________

The Dangerous Nuclear Charade With Iran Continues

The second diplomatic deadline has now passed and once again there is no agreement. The United States government continues to insist that a nuclear deal is possible and almost appears desperate to get one. The nations of France, China, Germany, Russia and the United Kingdom along with the United States are attempting to delay what […]

China’s Asian Infrastructure Investment Bank: The Passing Of The Torch

At first glimpse a new investment bank for infrastructure, would seem like a totally noncontroversial occurrence that will benefit Asian nations in desperate need of additional funding. In reality, is has become the latest challenge to American and Western hegemony over international finance and investment. The Asian bank is a massive new initiative by China […]

Federal Reserve Bank Of The United States: The Lion In Winter

The Federal Reserve Bank of the United States which is the American equivalent of a central bank, has been the major driver of artificial economic growth not only at home but around the globe. The historic low interest rates that have been in place since 2008, have created a distortion in the domestic economy that […]

What Do All Successful Traders Share?

I recently had the privilege of going to our annual seminar to learn and meet students and teachers alike who have all had a tremendous impact in my own personal journey of making day trading my profession. Upon coming home and digesting all the great information I received I pondered on how I got here. Along this […]

Trader Goes Live: 38.75% Return – 10 Straight Days Of Profit – No Losses (Less Than 1 Hour A Day)

Meet Danyel. Another trader that has gone live with amazing results. Danyel just achieved (count them) 10 straight days of profitable trades. He did not have one losing day!!   We would like to put this into perspective for you. You could be 18 years old with a full plate of University classes or 50 years young with […]

Invest In The Mineral Wealth Of South Africa

Making an investment in the mineral wealth of South Africa while precious metals are low in price globally, is one way to capitalize on the general decline in value for commodities at the present time. The country is a world leader and virtual treasure house of a number of valuable minerals. South Africa has become […]

Master Trader Dr. Z Records His Live Trades/ In House Traders Close Out $2500 Position

Our Master Trader Dr. Z shows us once again his ability to make profitable trades on a daily basis.   He demonstrates some key traits that are necessary to be a successful trader: being patient and waiting for the most opportune time to enter trades, and being flexible by adjusting his targets accordingly based on […]

The Impact On Investment With The Reelection Of Netanyahu In Israel

Elections have consequences and the reelection of Israeli Prime Minster Netanyahu will be no different. This stunning electoral upset will have an impact on investment, that will reach far beyond the borders of Israel. There were various factors that lead to a landslide victory for an unprecedented nonconsecutive 4th term for Netanyahu, who has been […]

What Will A Strong American Dollar Mean To The World Economy

The American dollar is now hitting new 12 year highs. This has been the fastest rise in 40 years. The major currencies of the world continue to sink against the United States dollar (USD). As world commodities are priced in dollars, the rapid decent in their cost is creating new misery in developing nations. Many […]

Managed Accounts Team Traders Up $22,000 – NEW Live Webinar Wednesday

We have been having great days in the market this year. When we have these exceptional profit days we want to make sure to share them. This isn’t to believe that we don’t have losing days but we definitely are able to make consistent profits on a day to day basis. Here is the live […]

 

 

 

 

http://thedaytradingacademy.com/learning-how-to-day-trade-project

Learning how to day trade


 

 

Learning how to day trade is a decision that many people make to live their dream of having complete freedom in terms of time, money, and location.

Whether you’re looking to improve a current day trading strategy, improve consistency, or decrease dependence on indicators and software, we will demonstrate what sets The Day Trading Academy (DTA) apart based on our Learning How To Day Trade (LTD) Project.

With a combined 50+ years of experience in the industry, our Master Traders and DTA are in a unique position to assist you in achieving your goals and financial independence.   For some, it’s the freedom to spend time with their family; for others, it’s not having a boss to report to, or working 12 hours a day doing something they don’t enjoy.

Trading not only offers a flexible job, but a flexible lifestyle as well.

Our unique trading community has one goal, to teach how the market works in order to be able to rely on yourself and not companies or other individuals .

There are a lot of programs and software out there and unfortunately, most of them don’t teach exactly how to understand the market.  Many programs sell indicators or software to require us to rely on them to be able to trade.  We know because this happened to many of us when we first started training.

The concept at DTA is to teach you how the market works so you can rely on yourself to make a great living day trading.  That means we aren’t going to try to sell software that you really don’t need or indicators that you don’t have to use.  Feel free to sign up for the email newsletter below to start your new day trading career. We will send you a new day trade guide we are working on, the three secrets to becoming a professional trader, and you will also be invited to exclusive live market presentation that we will be running next

http://thedaytradingacademy.com/about

Here’s What The Day Trading Academy Is All About

Welcome to The Day Trading Academy where people from all over the world arrive for the best day trading and investing education.  We use an organic approach to trading where we use our own traders to teach and develop our trading strategy.  At the core of our values is the idea that we are strong alone but stronger together.  We consider everyone in The Day Trading Academy to be family and continue to rely on each other to dominate the markets one day at a time.

Day trading for us is not a job or profession but a way of life.

We day trade for financial freedom, what are you doing to achieve yours?

The Day Trading Academy isn’t just about one man creating a strategy and sharing it. It is about a group of traders that develop things together to make sure that we all succeed.  Too often in this industry there are endless stories of secrets and deceit.  If you are an experienced trader you may have been a victim of this sad practice.

We started The Day Trading Academy to ensure that we could band together and help each other succeed.

We consider ourselves to be an open source project where we continue to adapt to the ever changing market dynamics.  Our traders don’t stop learning just because they go live and are doing well. They get even better by helping to train new traders that join the training program and giving back.  At the end of the day that is what being successful is all about, giving back to those that want to achieve their own levels of success and freedom.

 

We are very lucky to say that we are able to have our complete freedom. You can see some of our Master Traders above that have been able to see their dreams come true.  Manny on the left took his entire family to Italy on only day trading income while Nikolai and Guillherme on the right picture are helping us start our new day trading centers in Colombia and Brazil.

Every month, over 147,353 people visit The Day Trading Academy on the web in three different languages in order to receive

 

Look forward to seeing you on the other side!

The Beginning Of The Day Trading Academy

Our Founder, Marcello Arrambide, started The Day Trading Academy out of the demand from other traders.  An industry veteran spanning nearly 12 years of experience in the markets, Marcello has been part of many day trading companies in his career.

For roughly 8 years he was developing strategies and perfecting day trading techniques for many of the day trading companies you know of today.

He decided to leave the last company he was with due to unethical behavior by the company. He decided to see the world and began day trading and traveling.  He has been to over 80 countries and has lived in 12 countries spanning 5 continents.  He remembers very clearly the sacrifices he had to make in order to learn how to day trade and obtain his freedom.  Taking out an incredible $25,000 to start learning, he lost that in a month buying software programs and day trading indicators that he didn’t need.

He decided that he wasn’t going to be part of a company that wasn’t really going to teach people how to trade.

This is a story that is all too common in the industry.  Companies try to sell “software” and “day trading indicators” that people never need to truly learn how to trade.  In order to common consistent in the markets one has to learn how to read the market with good structure to adapt to changing market dynamics. He also didn’t want to hook people into paying more and more money over time.

He wanted to teach people how to day trade so they could do it on their own and have their own freedom.

 

While living in Ethiopia traders from the previous company he was with started to find his unique experiences traveling around the world on our sister site, WanderingTrader.com. This is where we talk more in depth about the lifestyle aspect of trading. The freedom that this profession gives you to be able to day trade from anywhere in the world as long as you have internet access.

He made the sacrifice to travel less and give up his part of his freedom to be able to teach others how to trade. He felt responsible for these traders as they were people that spent thousands dollars on training.

They never actually received the training they were promised by the previous company.

Instead of charging these students more money he opted to allow everyone to decide how much they wanted to pay.  This decision was on the sole premise that it wasn’t about the money since he was trading his own account for a living.  Its truly teaching traders to actually learn how to read the markets, understand them, and be able to day trade on their own. The financial commitment was only to ensure that they were serious about learning.

If you’re interested in learning more (don’t worry its free) about how we are able to make a living day trading just sign up for the email newsletter

http://www.tradingacademy.com/

About Online Trading Academy

A leader in investing and trading education for any market or asset class.

Mission Statement: Transforming lives worldwide through exceptional trading and investing education.

Online Trading Academy’s roots can be traced back to 1997, as one of the largest trading floors in the U.S., with 180 traders averaging half a billion dollars in daily transactions. To improve results, managers and the top traders offered daily coaching sessions in how to trade more consistently and profitably.

In 2001, we shifted our focus to solely providing education. Today we have a community of over 200,000 investors that have learned to trade with the skill and confidence of professional traders.

Trader education for every need and experience level:

We offer professional instruction in all of our state-of-the-art teaching facilities around the world, as well as a wide array of home study materials.

Classes cover a spectrum of trading styles and asset classes, from Short Term Trading, Swing Trading, Position Trading, and Investment Theory for Stocks, Exchange Traded Funds, Options, Futures (Eminis & Commodities) and Currencies.

Our on-location courses are geared toward individual investors or traders, novice or experienced, who want to learn how to use the same tools and professional trading techniques as the professional traders on Wall Street. These courses offer a complete education and training experience focusing on trading fundamentals, technical analysis, risk management, and highly-developed skills of execution for virtually any trading instrument.

Once the mechanics of trading have been learned, students may opt to spend an additional training period in our virtual classroom called Extended Learning Track, an online learning experience which enables the student to choose the area of study that best fits their chosen trading style, asset class and learning objectives. We have also developed a series of home-study CDs, which can be used on their own or in conjunction with our courses.

Many of our classes offer tuition rebates from our alliance partners. And we are unique in integrating live trading by the student in the class, with all expenses paid by us. We give you an account and cover your commissions and losses because we believe the only way to learn trading is to do it, in the live market with an experienced trader/instructor at your side.

As an Online Trading Academy student, you’ll become part of a community of active traders committed to succeed through continuously improving their professional skills. In fact, many of our classes offer free “retakes” for as long as you’re associated with us, while others offer lifetime learning at a reasonable cost.

 

http://www.tradingacademy.com/education/

On-Location and Online Courses

Transforming lives worldwide through exceptional trading and investing education.

Knowledge is power. That’s why institutions and brokers prefer to keep customers in the dark as they make their money on fees and commissions paid by novice investors. At Online Trading Academy you’ll learn to control your own destiny by mastering the markets in both the immediate and long term. You’ll have the freedom to choose when, where and how to trade as you move toward a secure future. Remember, you’ll pay for your education one way or another. You can give your money to the markets through novice trades, or pay it to the institutions as fees and commissions, or pay yourself by learning to trade like a professional.

To enroll in courses, you must first take a FREE Power Tradi


Financial Education Solutions

This path outlines your steps to financial success with Online Trading Academy education. See what courses we recommend as you pursue a solution for generating income, optimizing wealth, or both. Our in-person and online financial education courses will help you get started on your path today!

Financial Education Solutions
Income Solution

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  1. Mastermind Community

     

 

 

 

 

 

 

 

 

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