Hello Everyone so happy to find this forum. I have been dreaming of becoming a day trader for a while now. I only have about 1000 to work with. Can you guys advice me on the best site to use. I heard Robin hood was free. And any other advice you guys could give would be greatly appreciated.
Day Trading
- Thread starter TheFoot
- Start date
Depends what you want to trade.
(Equities, Futures, Options, Forex, ...)
(America, Europe, Asia, ...)
(Where you’re from, ...)
Usually we talk more about brokers and platforms.
I can’t tell about Stocks brokers.
But lately Robinhood has lots of newcomers.
Be prepared to lose your thousand
Good luck and welcome.
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Here is a link of some stock broker.
I’ve heard RH try to “gamify” the process.
I’d go with TD Ameritrade, ETrade, Intetactive Broker or Lightspeed.
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And what do you hope to accomplish with your $1000 and commission free Robin hood account?
If I were you I’d trade stocks (Equities) rather than Forex or other derivatives.
Learn about volume analysis,
Look at what the guys at SMB do here.
I’d advise to paper (Demo) Trade for a while.
You can try for free I believe.
Open a free Interactive broker demo account.
You have everything there (Forex, Equities, Futures, Options).
Give yourself some time to explore.
Some time to learn then invest some real $$$
It’s not easy.
You can lose 1K in the blink of an eye.
I would recommend a site or group if I knew of anyone making money day trading. But unfortunately, I don't. About 95% of day traders loose money (from what I've experienced and read, including myself). I would say the best way to loose $1000 very quickly, is to become a day trader. Good luck.
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Bearish thread.
Well, I guess a $1000 is not to much to pay for some tuition, is it?
True.