More advice needed!!!! Yes its that time of the month!

Splat ,

and don't you sell your house for daytrading ever if you email me i will tell you why

 

Used to earn $175000 a year before i quit to start trading , believe me you will be rudely awakened when you see no income for maybe the first 6months.

So keep your job and daytrade after work.

 

Splat, avoid UK market. Quotes are bad, commissions are bad, software (browser based) is bad.

Get account with IB. Do not quit your job – trade after work.

You will be surprised how much time it takes to understand even the most fundamental daytrading setups.

You will be shocked how much money you can lose while you are learning the trading game.

Under no circumstances use the money you can’t flush down the toilet and feel remorse.

And remember, with the pain comes the pleasure and vice versa.

Enough rambling – good luck and safe trading (use stop losses allways).

 

Agree, the UK markets are way behing the US and the main European markets. It seems that they can't accept the fact that we live in 2002. Not 1852!

Wake up UK! The world is developing.

 

MIKI
“Splat, avoid UK market. Quotes are bad, commissions are bad, software (browser based) is bad”

MarkDavis
“Agree, the UK markets are way behing the US and the main European markets. It seems that they can't accept the fact that we live in 2002. Not 1852!”

SPLAT
“But there doesnt seem to
be any flexibility here to trade as in the US. For instance
I have not come across any (I am sure there must be)
DA brokerages - it seems that here in the UK as with
most other things these kinds of things are virtual monopolies
with one or two main suppliers”

Like I said the UK markets ARE crap.

 

Hi Everyone,

Thanks a lot for the feedback.

I am initially going to get a Direct Access account at IB initiallyas recommended by some of you. I am also thinking of
maybe creating an esignal equities only (50 Symbols,
AMEX, NYSE, NASDAQ LI + LII, LSE) datafeed costing $219 pm
and also esignal market scanner (turbo package) at $59 pm.

I am planning to use the datafeed for some trend analysis using
Tradestation 2000i to complement the market scanner package.

Do people think this is a good idea? Also what do you think of the
esignal packages I have indicated above?

Thanks

Splat