Hi all
I'm a new part time trader looking to eventually make a career out of this. I have been reading books and researching the net for a few months now, a couple weeks ago I opened an account with an online broker and did my first 10 or so trades. Being a first timer, I lost about 9% of my capital (and learned in the process), and I'm sure that if I had had more tools to determine the entry and exit point I would have made better profit.
So here is what my broker offers with there trading platform.
-No platform fees
-Direct access trading
-Flat 9.95$ a trade fee
-Level 1 and 3/4
-real time quotes and charting
-tools like MA and Stochastics
And here is what they DONT offer or offer them at a hi price.
- Real time market indexes such as the NYSE , Nasdaq and Dow
-Real time Industry indexes
-TICK and TRIN for all market and industry indexes
-E-mini S&P 500 Futures
-Streaming news and news search by keywords
SO MY QUESTION IS : Where can I find those missing tools for a reasonable price or for free? Do I need to Change my broker? Am I simply asking too much? Got a better strategy for a beginner day trader?
Thanks for sharing your knowledge and opinions
Yan
I'm a new part time trader looking to eventually make a career out of this. I have been reading books and researching the net for a few months now, a couple weeks ago I opened an account with an online broker and did my first 10 or so trades. Being a first timer, I lost about 9% of my capital (and learned in the process), and I'm sure that if I had had more tools to determine the entry and exit point I would have made better profit.
So here is what my broker offers with there trading platform.
-No platform fees
-Direct access trading
-Flat 9.95$ a trade fee
-Level 1 and 3/4
-real time quotes and charting
-tools like MA and Stochastics
And here is what they DONT offer or offer them at a hi price.
- Real time market indexes such as the NYSE , Nasdaq and Dow
-Real time Industry indexes
-TICK and TRIN for all market and industry indexes
-E-mini S&P 500 Futures
-Streaming news and news search by keywords
SO MY QUESTION IS : Where can I find those missing tools for a reasonable price or for free? Do I need to Change my broker? Am I simply asking too much? Got a better strategy for a beginner day trader?
Thanks for sharing your knowledge and opinions
Yan