Best Day Trading Platform sites for Beginner Traders & also for Long Term Investors?

port_of_spain

bery_451 said:

port_of_spain said:

Never mind which platform. Why do you want to lose money by day trading? There are better ways to get shot of any surplus money you may have — even in a lockdown

Such as?

Buy music on bandcamp (a high percentage of your money goes to the artists). Donate money to charities helping people who are worse affected by Covid-19 than you are. I'm sure you can think of more ideas ...

Thrugelmir

wmb194 said:

It depends on what you mean by, “best.” If you mean cheapest then Freetrade is another option as its trades are free and it has the usual FSCS cover that the better known British brokers have. I’ve been using it a little bit and whilst it’s very basic - no 15 second quotes, different order types or real-time prices and charting - it’s pretty good and, despite what some here will try to tell you it doesn’t rip you off on the bid-offer spreads, it just gives you the ‘best’ price in the moment your order is placed, and I base this from observing the live prices whilst I’ve placed my orders. I certainly have a much better feeling about it than when I tried Trading212 for the free share - when I sold that it took 20 minutes for the order to execute and the price moved against me - and rather than Trading212’s ever changing, insane ramblings it just has the normal UK brokerage T&Cs.

Edit: Oh, one issue with Freetrade is that compared to other brokers the range of shares you can invest in in London is relatively limited but as I’ve only been buying and selling shares in the FTSE350 it’s been fine for me. YMMV. On the flip side, it does appear to give easier access to US shares than other brokers.

Eventually the financial backers of Freetrade will want to see a return on their money. Winning market share is the easy part with low pricing. 

wmb194

Sure, but in the meantime you take advantage of offers like these and when they end you move on.

bery_451

Okay I hear online that most platforms/exchanges/sites fake their Volume to attract visitors. Which sites do not fake their Volume?

wmb194

bery_451 said:

Okay I hear online that most platforms/exchanges/sites fake their Volume to attract visitors. Which sites do not fake their Volume?

Huh? Crypto exchanges perhaps but not the grown up exchanges like the LSE and NYSE. If you’re planning to buy shares in established companies why does it even matter to you anyway?

kinger101

Day trading.  Beginner.  What could possibly go wrong?

bery_451

Firstly in the Whole World are there just 5 Main Markets?:

- Equities

- Currencies

- Commodities

- Bonds

- Funds & ETF's


That can only be represented by Indices or Currencies? Any main markets I missed from list above?

Which one does Real Estate market fall under?


Who are the top 10 richest actively day traders in the world and the top 10 richest actively long term investors in the world and do these top players share their portfolios to view and where do they go for their data or they have access to Insider Trading that the public dont?

wmb194

bery_451 said:

Firstly in the Whole World are there just 5 Main Markets?:

- Equities

- Currencies

- Commodities

- Bonds

- Funds & ETF's


That can only be represented by Indices or Currencies? Any main markets I missed from list above?

Which one does Real Estate market fall under?


Who are the top 10 richest actively day traders in the world and the top 10 richest actively long term investors in the world and do these top players share their portfolios to view and where do they go for their data or they have access to Insider Trading that the public dont?

Financial Times, Bloomberg, CNBC, Reuters, the companies themselves via their own reporting*, analyst reports from the big banks you name it. Look, you seem to know absolutely nothing and are casting around in the dark. Why don’t you start with something like Investors Chronicle? It’s a weekly magazine that’s been around forever, it is part of the Financial Times and it’ll give you some ideas about what is going on in the markets, a bit of analysis, the ways to invest and ideas for where and how to invest, some analysis of company results, every week it has a portfolio clinic where someone asks for advice, it has stock screens using different strategies and no doubt other things I’ve forgotten. Obviously it has a website but you can also get it in print from a newsagent or supermarket or on your iPad. This really isn’t a forum for day traders and even if it was no-one is going to hold your hand to tell you exactly what to do when.

* Investegate.co.uk is a good place to find company RNS’ all in one place.

bery_451

Okay I can see markets are recovering on the bases of hoping lock-down restrictions are lifted and everything is back to normal by June.

However... Governments are saying there might be a 2nd wave of the virus later this year or next year. Will we experience another crash like we had in march when 2nd wave hits?

Some countries have eased lock-down but eased doesn't mean back to normal. Eased means there are still some restrictions in place. How will this affect markets and economy, is it in a volatile way? Also eased down lock-downs mean more people will get together and governments will say virus cases have gone back up relating to the 1st wave of the virus and proper lockdown will be re-introduced. Will markets and economy have a crash from this?

Also does shutting down businesses in lockdown and businesses re-opening in ease lockdown and shutting down again in 2nd lockdown on 2nd wave of the virus. What kind of damage this can do to a business or company where its open and closed for long durations during the year? Will companies increases prices to make up losses during the shutdown periods?

Government will say the only way to end these type of disruptions is a vaccine. Only after a vaccine then we will see a proper recovery of the markets right?

Whats your take on this? I have a feeling it wont be simply a U or V shape recovery. Its gonna be volatile like M or W until a vaccine right? If theres no vaccine and theres a 2nd wave then it will be L game over for the markets.

Thrugelmir

bery_451 said:

Who are the top 10 richest actively day traders in the world and the top 10 richest actively long term investors in the world and do these top players share their portfolios to view and where do they go for their data or they have access to Insider Trading that the public dont?

Will be hedge funds. Real time data is expensive to purchase. Likewise they can trade at better prices than you or I.