Best Day Trading Brokers for Beginners- Buying Stocks, Short Selling, Small Account Trading & more
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1:48 Best broker for buying stocks
6:45 Best brokers for shorting
9:17 Best broker for shorting with a small account under PDT
10:49 Best broker to avoid PDT rule
12:37 Brokers for options trading, free commission trading
Trade with me: https://bit.ly/3NDfhUu
Best brokers for going long stocks:
1. Interactive Brokers: https://bit.ly/3bE82u4
Account minimum: $2,500 USD
Pros: Cheap commissions. Getting better at having short borrows on small call penny stocks. I use this broker for day trading penny stocks. Plenty of easy to borrow stocks to short at no extra borrow cost.
Cons: Expense on monthly individual data subscriptions add up. Terrible customer service. No hard to borrow stocks and short stock locate function.
My Interactive Brokers TWS Platform set up: https://youtu.be/UWTWz2GZq30
2. Fidelity Active Trader Pro
Pros: Good execution fills and customer service.
Con: Outdated trading platform, sometimes the buttons lag.
Great for trading automation, direct access broker, Matrix feature for faster order entries
Best brokers for Shorting Stocks with a Large Account ($30K Min)
1.Cobra Trading: https://bit.ly/3iNLqJq
Great list of hard to borrow stocks to reserve short, affordable fees for overnight short swings
Get 25% off commissions, mention “Humbled Trader” at the time of account opening
2. Centerpoint Securities (Broker for shorting with Large account)
Great list of hard to borrow stocks to reserve short, at a more premium price. Great customer service. https://bit.ly/3LKdlID
Best brokers for Shorting Stocks with a Small account
-3 months FREE platform + 1 Month 10% off locates
My Trade ZeroPro platform set up: https://youtu.be/BWBTKqPzE_o
Broker to Avoid PDT Rule:
1. CMEG- Capital Markets Elite Group: https://www.cmelitegroup.com/
1. Schwab Streetsmart Edge- Great for options trading
Powerful interface for options strategies. OnDemand feature. Great platform for technical analysis. FREE live data.
My Thinkorswim set up for day trading: https://youtu.be/Hjn40uLaewQ
3. ETrade – Going long stocks, free commission trading
📉My Trading Broker Platforms:
-Get 3 months FREE platform + 1 Month 10% off short locates
Centerpoint Securities ($30K min): https://bit.ly/3LKdlID
-Get 50% off Commissions & Short locates for 60 days
-Get 6 months FREE Trade Ideas scanner
Interactive Brokers: https://bit.ly/3bE82u4
Interactive Brokers Canada: https://bit.ly/2FBwdMo
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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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Scalp Trading Website, Best Day Trading Brokers for Beginners- Buying Stocks, Short Selling, Small Account Trading & more.
What is considered scalping?
Ticket resale (likewise referred to as ticket scalping or ticket proclaiming) is the act of marketing tickets for admission to occasions. Tickets are purchased from licensed vendors as well as are after that cost a cost determined by the individual or company in ownership of the tickets.
Example of Forex Scalping the EUR/USD.
Assume a foreign exchange scalper trades the EUR/USD making use of a pattern trading technique. They determine the recent trend, await a pullback, and afterwards get when the rate starts moving back in the trending direction.
Depending on volatility, the investor usually risks four pips and also takes profit at eight pips. The incentive is two times the threat, which is a favorable risk/reward. If volatility is more than usual, the trader will take the chance of even more pips, and also attempt to make a bigger revenue, but the position dimension will be smaller sized than with the four pip stop loss.
Assume the trader has a $10,000 account and is willing to risk 0.5% of their account per trade. That suggests they can shed $50 per profession. They are taking the chance of four pips. Each common whole lot ($ 100,000) equates to $10 in profit or loss per pip. Given that the investor is risking 4 pips, they can trade 1.25 standard whole lots ($ 50/ (4 pips x $10)). If they shed 4 pips on 1.25 basic lots, they will certainly shed $50 which is their optimum risk per trade. Their revenue is double, so if they make eight pips, they will gain $100.
The account has $10,000 in it, yet they are making use of a $100,000 position dimension. This is 10:1 take advantage of.
The Bottom Line:
The bottom line is that scalping might appeal to your trading design or it might not. Various other kinds of investing to take into consideration are intraday trading as well as swing trading, which are popular on the currency markets. A great number of brokers would recommend them over scalping.
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