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Advice on Broker platform and learning resources

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Legendary Market Chamois
Chicago, IL
 
Trading Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,955 since Nov 2011
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cpu2007 View Post
Hello everyone,



I am new to this and was wondering if someone could help me choose the best platform when it comes to trading.



I have a basic knowledge when it comes to trading so I will be investing very little and try to learn on top of that. If you have any recommendation when it comes to learning more about day trading then please advise me what resources I can look for.



During my research I came across ThinkOrSwim, which seems like a good interactive broker platform. However it seems like it doesn't work in the uk anymore.

What's the best broker platform I can use to do day trading in the UK?

I'd like to invest in multiple markets, the uk one as well as the US ,such as tesla etc...



any help will be appreciated. thank you



Hi

I can guarantee you will end up with a different platform than you start with. My third platform I stuck with.

Download a few and see what floats your boat. Ask for a trail extension if you find one you sort of like.

What to learn in trading depends completely on your personality, time constraints and much more.

You will lose money.... just understand that much upfront. If you persevere you will make money.

Trading is a business. Every business has some upfront costs. Some greater than others. Generally speaking trading has lower upfront costs as far businesses go.

Your road to profitability will be bumpy.

A hobby offers enjoyment and consumes time and money to some extent.

A business can offer enjoyment but tends to lean towards a grind.... consumes time but makes money.

Create a plan for every single trade you place, before you take it, and stick to it .... PERIOD THE END. If you can do this one thing you will be very far ahead of most.

Itís ok to make mistakes. Learn from them.

Learn about yourself. What are your beliefs about money, life, work... are you patient.... or do you like a quick outcome.

Read trade book and absolutely watch many webinars here at FIO.

Take care and good luck

Ron



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