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3 Best Day Trading Online Broker Websites
Some books to help you start day trading
If you have good knowledge of finances, understand how bonds, futures, options trading and investing works, then you can make quite a lot of money doing online trading. There is great potential in online trading and now is the time to start doing it. You see, the confusion with the world economy and the crisis of the European currency provides ideal conditions to make a lot of money doing online trading in general.
The best way to start trading is do day trading or high speed trading. Day trading means that you will need to do quite a lot of trades per month, which means a lot of work. But it's worth it as the returns are pretty much immediate and the risks are easier to calculate.
Now, there is no point pretending than trading is something anyone can do. First of all, you need to understand how trading works and what are the risks. You need to keep on top of things and keep up with the economic trends. You will need to be able to calculate whether something is likely to grow in value or not. In other words, trading requires skill and expertise, just like everything else.
But there is one other thing that you need to choose carefully if you want to succeed in day trading - you need to choose the best online trading platform for high speed trading. So, here are three best day trading online broker websites.
SpeedTrader is an online broker that has been around since 1999. They have a good reputation and use advanced technology that ensures the high speed of the platform and real-time results. With SpeedTrader you can:
- trade pre-market and post-market
- get NASDAQ total view
- access Level I and Level II quotes
- access real-time charting
- place different order types (OCO and OTO)
- select a platform of your choice
A day trading account requires a balance of $25,000.
Lightspeed is another online stock, options and futures trading platform that is especially good for day trading. Once of the major advantages of this online broker is its lower prices. There are no account maintenance fees, no order cancellation fees and no ticket charges. On top of that, it's really fast and you can use the trading platform of your choice. As for the trading options, you get everything to make money trading - level II quotes, real time option chains, customizable charting and block trader ticker alerts. On top of that, Lighspeed has a good education section for you to learn how to do day trading and other types of online trading. You need a minimum of $25,000 to maintain a day trading account.
3. Interactive Brokers
Interactive Brokers is another online broker that offers day trading options. You can trade in stocks, options, futures, bonds and mutual funds over 90 markets using a single account. You can trade from your PC or use a mobile device such as Android, iOS or Blackberry to do online trading. You need a $10,000 minimum to open an account.
These are the 3 best day trading online broker websites. Remember that trading is not only about earning a lot of money - you can also lose money if you don't know what you are doing and sometimes if you just get unlucky. Never consider online trading a gamble and behave responsibly.
© 2012 Snurre