Username:   Password:   
   
   Investment & Money Forum
Index  FAQ  Search  Memberlist  Usergroups  Profile  Register
 Log in to check your private messages
Canadian Day Trading, Need help, thanks :)
  Post new topic   Reply to topic x-investment-x.com Forum Index » General Investment & Money Forum     
Message
Slp     Reply with quote
Ok, l have now learned how to successfuly day trade and now l wanna know how l go about doing it.l live in Canada and l wanna know the following.

Where can l trade with trades at around $5-8 a trade?

If l buy a stock at 10.00 a share, do l have to pay more on a margin, aka 10.04 a share? And if l were to sell that share at 11.10 would l get that price or 11.05 area?

What software can l buy that has live quotes and live charts that are good with a tick by tick update or 20-30 sec updates on the stock chart for canadian charts?

What are the ETF`s l need to trade Canadian or US stocks that are on the TSE?l know HSU and HSD are up and down stocks respectively with double yields.l want double yields as l was doing great trading SDS and SSO on virtual stock exchange only.Is there any other good double yield ETFs?

Right now l am trading longterm (a few weeks or a week) and it costs $30 a trade (too much) and it is not possible to day trade as it takes time for money to get into my bank (B of NS)

Thank you
i do not know if HSU and HSD are based on the S&P in USA or the S&P in Canada
Dont     Reply with quote
l believe TD AMeritrade is available in Canada. All trades are $10.00, margin trades slightly more. They give you the software for free, and it is excellent. It mirrors what my full time broker has. l have used several online companies, l love TD Ameritrade the best. Call them 1-800-669-3900
Emilio     Reply with quote
The TSE gives information about their listed ETFs here.
http://tse.or.jp/english/rules/etfs/list.html
http://tse.or.jp/english/rules/etfs/index.html

You probably need to use an American Brokerage for most American stocks.
Etrade says you need to complete W-8BEN form (provided in the application form) if you're not a US citizen.
https://us.etrade.com/e/t/home/openanaccount
Strong     Reply with quote
You say; ''Ok, l have now learned how to successfuly day trade & now l want to know how l go about doing it. l live in Canada & l want to know the following''.

Warning: It is obvious to any serious day trader that u r going to be in for a rude surprise. It takes years to become a successful day trader. The only way to know if ur successful is to reflect on 3 years of trading. Reading a book or paper trading does not count.
Most successful day traders read a new trading book.. every month.

You have not any experiance in Money Management. which as u know is considered (by many) to be just or more important than what stock to pick.

To delcare that u can now ''successfuly day trade'' without ever doing it... misses the most important part of trading, the psychological.. the ability to recognize reality.

And to repeat: Virtual trading... (paper trading) gives very little indication on how successful u will be. Use good position sizing techniques.. or u will wipe yourself out.

Semi professional / professional platforms are;
ThinkOrSwim (best charting & other tools)
TradeStation (good charting & backtesting)
Interactive Brokers (best pricing, difficult platform)
Display posts from previous:   
  Post new topic   Reply to topic x-investment-x.com Forum Index » GeneralInvestment & Money Forum     

Lates Messages
How do I buy WaMu shares?
What should i invest £100,000 in to make the most money?
Should I buy $100 worth of Washington Mutual Stock
Getting started on online stock options
I own 320 WM stocks, what will happen to them now that Washington Mutual has filed bankruptcy
Can I lose my 401k funds if the outside investment company my employer uses goes bankrupt
AIG, Leh Brothers or Wamu
Are the monoline insurers (Ambac & MBI) part of the bailout?
We all know freddie mac is in trouble but with this bailout is investing a small a good idea
At what time should I sell Wal-Mart
Who are those people applauding at the NYSE during opening and closing bells
could i benefit from buying euros or english pounds just in case the dollar value drops
Is anyone familiar with the penny stock IBCIQ.PK?
Which currency will ride out the credit crisis with little pain ie the strongest currency in the world
Canada Savings Bonds
question about day trading
Will the Congress reach a decision on the "bail-out" in the next three days
What will this $700B bailout do to stocks in the companies?
Is WalMart stock going to crash?
experience day trader advice on a stock
WAMU stock is down to .16 cents, what will happen to this stock
what's #1 Stock to buy right now
No minimum to deposit Stock trading
What stock should I invest in, in this Failing Economy?
SO WAMU was bought out by JP Morgan and...
Washington Mutual stocks
Freddie Mac & Fannie Mae stock
Why do most Americans think that this financial crisis is a easy fix?
What are some good ideas for fund-raising?
How do you invest in soup kitchens?
With the economy the way it is, should I be cashing out my mutual funds
i am interested in trading(stocks), how do i learn and is this a good money making scheme
stock market course offered online for free
What will happen to shares of stocks of IBM in a brokerage account at WaMu's brokerage arm?
should people buy wamu stocks now
What will happen to CD at WaMu? ??
If I have more than $100,000 in a stock account and a bond and a savings/checkings account with wamu...
Is there any hope of the Nifty touching 4200 in the near future?
IF I BOUGHT STOCK AND THE COMPANY WAS BOUGHT OUT
Defense and aerospace stocks
What are the numbers for tonights Euro draw?
Did Washington mutual go out of buisiness? And if that's true what happened to their shareholders?
Are/have you adjusted your portfolio because of the crisis
What cheap short term stocks are safe and smart to invest in right now?
stock market question
So what happens to Washington Mutual (WM) common stockholders
How would you invest £50,000?
is now a bad time to start an IRA
Does anyone know what the Stock Ticker is for Heidi Klum? ??
Is FOREX 4 Real?Plz Help??
bath tiles forums , cheapest sunglasses forums , earth block machine forums , energy saver forums , metal shelters forums , toilet paper holder forums , cobra insurance forums , ceiling t bar forums , car dvd forums , candle holder forums , cage mills forums , best mortgage rates forums , all state insurance forums , air freshener forums , hydraulic pump forums , hospital equipments forums , glazed tile forums , glass cutting forums , garage opener forums , farmers ins forums , eliminate credit card debt forums , dump truck forums , cutting wheel forums , current mortgage rates forums , crisis of credit forums , pvc door forums , polyurethane foam forums , plasma tv forums , pittsburgh steelers jersey forums , pipe fitting forums , passenger elevator forums , packing machine forums , optical glass forums , middle east forums , insurance senior forums , wrapping machine forums , weighing indicator forums , vinyl window forums , va loan rate forums , used truck forums , used bulldozer forums , toilet paper forums , stringing block forums , steam room forums , stainless steel tube forums , spray paint forums , shower kit forums , shower fittings forums , sand casting forums , rolling shutters forums ,



You can post new topics in this forum
You can reply to topics in this forum
You can edit your posts in this forum
You can delete your posts in this forum
You can vote in polls in this forum