Online Trading Software Platform

ristac

ristac

ristac

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So does anyone on here trade semi professionally from home?

If you do what software trading platform do you use??

Yes I have been watching BBC2 and I have seen all the fancy charts that the home traders are using and I am interested in learning a little more.
 
ristac said:
So does anyone on here trade semi professionally from home?

If you do what software trading platform do you use??

Yes I have been watching BBC2 and I have seen all the fancy charts that the home traders are using and I am interested in learning a little more.
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FYI all that stuff needs a very stable low latency connection so bear that in mind.
 
software platform depends somewhat on what you want to trade

some of the people featured on that program were spread betting or trading FX via a similar sort of provider - in those cases you don't have a choice - the trading platform is the one supplied by the spread betting firm i.e. IG, CMC, Capital Spreads etc...

if you were to trade the underlying futures on the other hand then there are a range of platforms - some retail guys use things like ninja trader, CGQ has a basic platform that won't break the bank but they can get a bit pricey if you want more features, TT is another option but also quite pricey and can vary depending on your broker's infrastructure other platforms like rithmic R Trader and CTS T4 are quite reasonably priced.
 
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Efour said:
whole thread on it if you search.

that and Bitcoins, but that ship has sailed.
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I know that there is a massive thread on stocks and shares, this was more a question of what if any software platforms do people use, not what stocks or shares do they think will perform.

dowie said:
software platform depends somewhat on what you want to trade

some of the people featured on that program were spread betting or trading FX via a similar sort of provider - in those cases you don't have a choice - the trading platform is the one supplied by the spread betting firm i.e. IG, CMC, Capital Spreads etc...

if you were to trade the underlying futures on the other hand then there are a range of platforms - some retail guys use things like ninja trader, CGQ has a basic platform that won't break they can get a bit pricey if you want more features, TT is another option but also quite pricey and can vary depending on your broker's infrastructure other platforms like rithmic R Trader and CTS T4 are quite reasonably priced.
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Thanks for that
 
you need access to Level 2 trading data as a minimum if your considering day trading/serious trading etc. That will cost you.

some options here

http://www.londonstockexchange.com/...s/level2/level2-providers/level2suppliers.htm

http://www.londonstockexchange.com/...2/level2-where-to-get/level2-where-to-get.htm

Consider reading things like

http://nakedtrader.co.uk/agree.htm

His books are a decent starting point.

But you need SERIOUS time and money commitment to make a decent future out of it.

If you just considering buying stocks and shares and holding them longer term (i.e not "trading") - then most banks etc have a stockbroking service etc.
 
Here's another well-known site with a "level 2" feature.

http://uk.advfn.com/

Edit: nevermind, it's listed in booyaka's second link.

Damn, checked my "monitor" page on ADVFN... PHTM went from 50p to £1.35p, STOB from 85p to £1.15p and CUP from £1.13 to 33p, oh well, can't win them all.
 
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Get metatrader 4 or 5 and start playing with a demo account if you're really interested. I did it for a week and made £100 fake money, though i was very risk averse. It's good fun but it's still basically gambling.

edit: this is for forex trading
 
I'd be careful with the spread betting firms and various FX 'brokers' they are offering a parallel market, you're trading against the firm itself and you're forced to cross the spread to enter/exit trades. They are perhaps useful if you can't really afford any other option but in general, for short term trading, you're usually better off avoiding and trading the underlying futures or equities that SB firms will be hedging with anyway (or in the case of UK equities - look at CFDs offered by interactive brokers or IG Markets).

Its a good idea to go through the exchange website(s) for whatever you're trading - there are a whole ton of educational resources on most of them.

Also this book is worth a read:

http://www.amazon.co.uk/Reminiscences-Stock-Operator-Marketplace-Book/dp/0471059706
 
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