Hello Anna Thank you very much for your reply. The products I would be interested in would be on European Stock markets, and also SP 500, E-mini, Options, Futures, etc. No Forex, no commodities, no warrants. Initially I was interested with NYSE and NASDAQ, but now the dollar has gone down so much, I could just go around and pick for the best markets??? I once was tested to know whether I would be a good trader, and the result was yes, mostly because I am a very cautious person who hates taking too much risk! (I suppose that is the reason I won’t start without serious tuition!) I prefer day trading, or swing, anyway closing all positions on Friday evening (Swiss time). I don’t think I would like Monday morning surprises… I found a site called http://www.tradingacademy.com/index.htm, an american company, which has premices in London. They offer a week’s tuition in London for about 7′000$, which I find terribly expensive, not counting the trip and hotel fees… It’s as you said! Thank you for any better suggestion, kind regards Semira
Dear Semira
If you want to day trade you will need access to Level 2 data (Direct Access Trading) – this is very important as it tells us what the professional money is buying and selling and you will not be able to day trade without it. Therefore you will need some kind of data feed and trading platform. Some brokers such as Interactive Brokers – http://www.interactivebrokers.com combine both – they are execution only and offer a whole raft of instruments and markets which you can trade. Be aware that for day trading stocks and shares you will need a minimum amount as a deposit. I believe the figure is $25k. You will need to check this out. However, I would suggest you spend some time understanding how level 2 (or direct access) actually works and start by applying it to just one market.
I hope the above helps and good luck with your trading.
Kind regards.
Anna
February 22nd, 2009 at 12:45 pm