Real time prices.

AllSpent

Hi,
Is there any benefit to subscribing to real time share prices. I trade 10-15 times per month and use 15 min delayed data from Yahoo Finance. I occasionally day trade and wonder whether it's more targeted to that. Would it help? Secondly, should I receive interest or dividends through the broker if I purchase shares?
Many Thanks.

purch

Is there any benefit to subscribing to real time share prices

I doubt the actual real time price quotes would be worth the subscription fees alone, but usually with that kind of access you will be able to get much more information about Stock and Company's than is generally available.

tradetime

AllSpent wrote: »

Hi,
Is there any benefit to subscribing to real time share prices. I trade 10-15 times per month and use 15 min delayed data from Yahoo Finance. I occasionally day trade and wonder whether it's more targeted to that. Would it help? Secondly, should I receive interest or dividends through the broker if I purchase shares?
Many Thanks.

Personally, at the risk of sounding rude, I'd say if you have to ask the question then likely the answer is no. To qualify that, if you are already trading 10-15 times a month then you are likely basing your trading decisions on some sort of preconceived idea of the stocks likely movement using price levels for entry and exit. Realtime quotes will likely only add "market noise" to the picture and could actually be detrimental to you existing strategy. Imho the cost is only justified to active daytraders seeking to take advantage of very short term movements in price.
If you are trading electronocally through an online broker then dividends would be credited to your account where applicable. As for interest? some brokers pay interest on cash balances above a certain level. Margin interest will automatically be deducted, not sure if that's what you are referring to.

P.S. Do most brokers not provide realtime quotes for free?

alared

What you should do if you`re really interested and not wasting my time,is open a Halifax nominee share dealing account.

They look after all the "paperwork" and the dividends,which they pay into your cash management account.

The account is free,also live prices and costs about £12 a trade.

You can also join these which give live prices for free
http://www.advfn.com/

AllSpent

Yes, obviously the price is being quoted by my broker and I should have probably realised that. Still finding my feet with my recently opened trading account. Thanks for the replies.