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Day Trading as a Career
FOsiemo10M
#1 Posted : Saturday, January 12, 2013 1:33:45 PM
Rank: User

Joined: 1/5/2013
Posts: 66
Hey Wazuans,

I am new. Need some advice on brokerage firms. I have retired from my day job (I am 30 years old) and want to make money day trading.
I need some advice on the best brokers on the following:-

1- Speed of execution of orders. I am currently with a brokerage firm that is as slow.

2-Brokerage fees. Just noticed my broker charges "transaction fees" plus a commission. Needless to say, that is money I'd rather have in my pocket.

3-Speedy service.

Thanks in advance
guru267
#2 Posted : Saturday, January 12, 2013 4:41:49 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Dyer & Blair pap!!
Mark 12:29
Deuteronomy 4:16
sentinel prime
#3 Posted : Saturday, January 12, 2013 6:20:36 PM
Rank: New-farer

Joined: 11/12/2012
Posts: 92
sorry to say you can't daytrade the NSE. 2% fees,3 day settlement,no leverage and poor execution.

you can try learning Forex or futures,with the latter requiring at least $5000 minimum balance.

I'm so amazed most people don't know this options exist.

Next you have to buy(cracked shhhhh!) backtesting software .Best is Amibroker but you need to learn C#/AFL language.

let the games begin.....I'd be amazed if you can find a quantifiable edge in less than 2 yrs.

This game is so simple its wickedly hard. You have pros against pros,what are your chances?

I don't want to discourage you but the facts are that about 2% of players are net profitable after a decade.

It's the hardest way to make money.
ChessMaster
#4 Posted : Saturday, January 12, 2013 6:56:02 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
sentinel prime wrote:
sorry to say you can't daytrade the NSE. 2% fees,3 day settlement,no leverage and poor execution.

you can try learning Forex or futures,with the latter requiring at least $5000 minimum balance.

I'm so amazed most people don't know this options exist.

Next you have to buy(cracked shhhhh!) backtesting software .Best is Amibroker but you need to learn C#/AFL language.

let the games begin.....I'd be amazed if you can find a quantifiable edge in less than 2 yrs.

This game is so simple its wickedly hard. You have pros against pros,what are your chances?

I don't want to discourage you but the facts are that about 2% of players are net profitable after a decade.

It's the hardest way to make money.

If you learn C# or any other programming language won't you just need data? I agree,already investments and programming are starting to meld(e.g. High Frequency Trading) but the next challenging group is IT financial gurus who do it independently.

How do you compete with someone who utilizes software that reads news,information and other publications and makes trades with it faster than you can read the information.
Uncertainty is certain.Let go
FOsiemo10M
#5 Posted : Saturday, January 12, 2013 7:34:16 PM
Rank: User

Joined: 1/5/2013
Posts: 66
Dyer & Blair, from what l'v read in this site they are slow. On the forex trading, the effect of the new rules may have an impact on my profit margins. Any one with experiences of trading in other markets in Africa? Would appreciate the insight if they are more speedier than the local one.
Mukiri
#6 Posted : Sunday, January 13, 2013 1:47:39 AM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
Sad

Click the sad face, if it works please let us know.

Proverbs 19:21
murchr
#7 Posted : Sunday, January 13, 2013 3:31:36 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Mukiri wrote:
Sad

Click the sad face, if it works please let us know.


This is the trading site for dyer and blair

smile
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
guru267
#8 Posted : Sunday, January 13, 2013 5:24:04 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Mukiri wrote:
Sad

Click the sad face, if it works please let us know.


@Mukiri do you even own a brokerage account??

https://dyerandblaironline.com/TradeWeb/login.aspx
Mark 12:29
Deuteronomy 4:16
Aguytrying
#9 Posted : Sunday, January 13, 2013 8:42:49 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
guru267 wrote:
[quote=Mukiri]Sad

Click the sad face, if it works please let us know.


@Mukiri do you even own a brokerage account??

https://dyerandblaironli...com/TradeWeb/login.aspx[/quote]

that login page looks excatly like for cfc! weird
The investor's chief problem - and even his worst enemy - is likely to be himself
holycow
#10 Posted : Sunday, January 13, 2013 8:59:07 AM
Rank: Veteran

Joined: 11/11/2006
Posts: 972
Location: Home
Aguytrying wrote:
guru267 wrote:
[quote=Mukiri]Sad

Click the sad face, if it works please let us know.


@Mukiri do you even own a brokerage account??

https://dyerandblaironli...com/TradeWeb/login.aspx[/quote]

that login page looks excatly like for cfc! weird


Exactly.
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