Like all broker-dealers, day trading firms must register with the SEC and the states in which they do business. Confirm registration by calling your state securities regulator and at the same time ask if the firm has a record of problems with regulators or their customers. You can find the telephone number for your state securities regulator in the government section of your phone book or by calling the North American Securities Administrators Association at (202) 737-0900. NASAA also provides this information on its website at http://www.nasaa.org/QuickLinks/Cont...rRegulator.cfm.
In the late 1990s, existing ECNs began to offer their services to small investors. New brokerage firms which specialized in serving online traders who wanted to trade on the ECNs emerged. New ECNs also arose, most importantly Archipelago ("arca") and Island ("isld"). Archipelago eventually became a stock exchange and in 2005 was purchased by the NYSE. (At this time, the NYSE has proposed merging Archipelago with itself, although some resistance has arisen from NYSE members.) Commissions plummeted. To give an extreme example (trading 1000 shares of Google), an online trader in 2005 might have bought $300,000 of stock at a commission of about $10, compared to the $3,000 commission the trader would have paid in 1974. Moreover, the trader was able in 2005 to buy the stock almost instantly and got it at a cheaper price.
The bid-ask spread is two sides of the same coin. The spread can be viewed as trading bonuses or costs according to different parties and different strategies. On one hand, traders who do NOT wish to queue their order, instead paying the market price, pay the spreads (costs). On the other hand, traders who wish to queue and wait for execution receive the spreads (bonuses). Some day trading strategies attempt to capture the spread as additional, or even the only, profits for successful trades.
FX News Today 10-year Treasury yields are down -1.1 bp and JGB yields dropped -1.7 bp to -0.038% as Asian stocks tumbled on growth concerns and pessimism on US-Sino relations, with markets worrying that there won’t be a trade deal in time to prevent another round of tariff hikes. Asked whether he would meet Chinese President Xi Jinping before the March 1 deadline US President Trump said “No”, before adding “unlikely”, although he suggested they would “maybe” meet later. Topix and Nikkei lost -1.86% and -1.96% respectively today. The Hang Seng fell back -0.215, after returning from holiday, while mainland China markets remained closed. The ASX is down after the RBA slashed its growth projection to 2.5% from 3.25% with its quarterly statement on monetary policy today. The CPI forecast was cut to 1.25%. Growth warnings in Europe yesterday saw European and US markets closing with broad losses. The negative growth backdrop and heightened risk aversion is keeping bond markets supported. Oil prices fell back to USD 52.26 per barrel. Fed’s Bullard promotes caution on balance sheet unwind. He declined to say how close the Fed is to ending balance sheet unwind process but said “We are closer than I thought we were a year ago”. Charts of the Day
Yes, you can buy Stocks, along with Mutual Funds, Bonds and Guaranteed Investment Certificates (GIC) in your TD Direct Investing Self-Directed RSP account. Since it sounds like you may be new to stock trading, I recommend that you visit: http://www.tdwaterhouse.ca/pro.....ices/inves..., and take advantage of the new to investing webinars, educational seminars and online tools to help you get started.
One of the major question that every intraday trader needs to address is “how to find the right stock for intraday trading”. After all, everything boils down to holding the right stocks when it’s about making huge profits in intraday trading. When you are picking stocks for trading, you need to keep a number of factors in mind i.e. qualitative as well as quantitative. You may come across hundreds of listed shares in the market but not every share is suitable for intraday trading. Thus, you need to make informed and accurate decisions in this domain.
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. Attention Investors Prevent Unauthorized Transactions in your demat / trading account --> Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors. Circular No.: NSDL/POLICY/2014/0094, NSE/INSP/27436, BSE - 20140901-21
In addition, in the US the Financial Industry Regulatory Authority and SEC further restrict the entry by means of "pattern day trader" amendments. Pattern day trader is a term defined by the SEC to describe any trader who buys and sells a particular security in the same trading day (day trades), and does this four or more times in any five consecutive business day period. A pattern day trader is subject to special rules, the main rule being that in order to engage in pattern day trading in a margin account, the trader must maintain an equity balance of at least $25,000. It is important to note that this requirement is only for day traders using a margin account.
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While Interactive Brokers is not suitable for casual investors, it leads the industry in international trading and the low-cost commissions professional traders prefer. No online broker in our review matches Interactive Brokers in fees and trading tools. The Trader Workstation (TWS) platform is used by professionals and institutional traders around the globe. Read more...
i have been day trading for almost 6 six years now and i understand what your saying, very few ever make and very few actually make money but it is possible. From year 1-2 i blew my account of 25k- from 2-3 i was basically taking big loses them making it back and breaking even almost no profit. It wasnt until 4 years into trading everyday i got disciplined enough, and learned the right skills to be profitable, Its just like everything else, you go to a good school pay 40-60k tuition to get a degree and then you start making money. Consider your first few years of loses paying your tuition and learning the ropes. You put your time and effort you will become a profitable trader, you dont have to be a "day trader you can be doing swing trades, trading the es or just focusing on 1-2 commodities.
Thanks for your advice and I appreciate your concern but I think I know what I am doing. There should be a strategy and I am not greedy or careless. I am also trying to be very careful with what I trade. I research first and see what expert think about the specific stock. I buy when I see the market is going up and sell when it reaches my expectation. I don't wait more hoping it goes higher. I also sell as soon as I see it is dropping to avoid the lost. Basically it is a lot of work.
Rebate trading is an equity trading style that uses ECN rebates as a primary source of profit and revenue. Most ECNs charge commissions to customers who want to have their orders filled immediately at the best prices available, but the ECNs pay commissions to buyers or sellers who "add liquidity" by placing limit orders that create "market-making" in a security. Rebate traders seek to make money from these rebates and will usually maximize their returns by trading low priced, high volume stocks. This enables them to trade more shares and contribute more liquidity with a set amount of capital, while limiting the risk that they will not be able to exit a position in the stock.
Use market orders. When you trade stocks, you can buy or sell stocks with a market order. This means it will be traded at the best available price at that point in time. It is important to remember, however, that it takes a little while for a sale to go through, and if the market is changing very quickly, you may get a very different price than the one you originally saw. 
IMPORTANT – Like paid subscriptions, be careful with classes and courses. Most are easily over $1,000 and are sold with false promises to acquiring valuable knowledge. Their fantastic sales funnels will suck you in, take your money, excite you during the course, then leave you with a strategy that wasn’t even profitable to begin with. See, 10 Things I Wish I Knew About Trading Before I Got Started.
Courses – There is now an abundance of online and face-to-face courses available. These can teach you everything from the basics of day trading stocks to in-depth technical stock market analysis. On top of that, you will often discover the risks of certain strategies and how to avoid them. All can help you steer clear of the most common mistakes made by intraday stock traders.
That way you can find opportunities that aren’t on every other trader’s radar. Look for stocks with a spike in volume. If a stock usually trades 2.5 million shares daily, but you notice it has traded 6 million shares by 10 am, then this could be worth exploring. If your chosen platform fails to offer a rigorous screener for high volume stocks, utilise these alternatives:
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