I have a couple of questions. The first one being that I am very new to daytrading and I am looking for software. I am in the process of doing the free trial versions and I would love some input. Please don"t laugh at this question. When I was applying, it asked if I wanted to apply for an equity trader account or a commodity trader account. Anyone know the difference and/or which one I should apply for? Does anyone also know of any software that is under $100 a month? Thanks so much in advance everyone.
timsk
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Hi efh1210,
Welcome to T2W.
Equities refers to stocks and shares , e.g. Barclays - an equity in the UK banking sector, or Google - an equity in the U.S. technology sector etc. Commodities is a catchall term to cover the different categories of futures markets. Both terms are explained in this FAQ: What Should I Trade?
With respect, you've got a lot of ground to cover before starting to think about software for day trading - or any other trading come to that. I suggest you start at the beginning - and the place to do that is by clicking on the 2nd link in my signature. Fools rush in where angels fear to tread etc!
Tim.
Welcome to T2W.
Equities refers to stocks and shares , e.g. Barclays - an equity in the UK banking sector, or Google - an equity in the U.S. technology sector etc. Commodities is a catchall term to cover the different categories of futures markets. Both terms are explained in this FAQ: What Should I Trade?
With respect, you've got a lot of ground to cover before starting to think about software for day trading - or any other trading come to that. I suggest you start at the beginning - and the place to do that is by clicking on the 2nd link in my signature. Fools rush in where angels fear to tread etc!
Tim.
Hi efh1210,
Welcome to T2W.
Equities refers to stocks and shares , e.g. Barclays - an equity in the UK banking sector, or Google - an equity in the U.S. technology sector etc. Commodities is a catchall term to cover the different categories of futures markets. Both terms are explained in this FAQ: What Should I Trade?
With respect, you've got a lot of ground to cover before starting to think about software for day trading - or any other trading come to that. I suggest you start at the beginning - and the place to do that is by clicking on the 2nd link in my signature. Fools rush in where angels fear to tread etc!
Tim.
Thanks so much for your reply and I totally agree. I am working on that. I am actually reading a book and I will tell you about the method that I think I am going to use later when I get it mapped out. Again, I really appreciate your time for answering my question.
Thats a good way to look at learning to trade. Take your time and learn one concept on trading at a time.
Here is a cool video that I have created on system building. I hope that it will be a small help to you along your journey of learning this business.
Cheers
Blaiserboy
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Perhaps you can use some free software with live feed to learn to trade before you commit to software expense...
You can use a forex demo account which is free for a long time and learn quite a bit before deciding on a market to trade.
Often a broker will provide a free software and feed once you open a live account.
Software may be a low priority on your list for now as there are some excellent free ones available
I agree. You can get a demo account for just about any platform/software out there. The Platform I use can be found at:
www.InfinityFutures.com
The demo account lasts for 30 days and includes free charts.
Hi
Try Amibroker(demo www.amibroker.com) with IQfeed for data
I have been using Amibroker since 2006, great software.
balukasx
forex2010
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I would try www.metatrader.com which is probably the most well known FOREX trading platform available. It's free, lots of brokers use it, and there is a massive online community around it, including on this forum.