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Day Trading as a Career
Rank: User Joined: 1/5/2013 Posts: 66
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Hey Wazuans,
I am new. Need some advice on brokerage firms. I have retired from my day job (I am 30 years old) and want to make money day trading.
I need some advice on the best brokers on the following:-
1- Speed of execution of orders. I am currently with a brokerage firm that is as slow.
2-Brokerage fees. Just noticed my broker charges "transaction fees" plus a commission. Needless to say, that is money I'd rather have in my pocket.
3-Speedy service.
Thanks in advance
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Dyer & Blair pap!! Mark 12:29
Deuteronomy 4:16
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Rank: New-farer Joined: 11/12/2012 Posts: 92
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sorry to say you can't daytrade the NSE. 2% fees,3 day settlement,no leverage and poor execution.
you can try learning Forex or futures,with the latter requiring at least $5000 minimum balance.
I'm so amazed most people don't know this options exist.
Next you have to buy(cracked shhhhh!) backtesting software .Best is Amibroker but you need to learn C#/AFL language.
let the games begin.....I'd be amazed if you can find a quantifiable edge in less than 2 yrs.
This game is so simple its wickedly hard. You have pros against pros,what are your chances?
I don't want to discourage you but the facts are that about 2% of players are net profitable after a decade.
It's the hardest way to make money.
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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sentinel prime wrote:sorry to say you can't daytrade the NSE. 2% fees,3 day settlement,no leverage and poor execution.
you can try learning Forex or futures,with the latter requiring at least $5000 minimum balance.
I'm so amazed most people don't know this options exist.
Next you have to buy(cracked shhhhh!) backtesting software .Best is Amibroker but you need to learn C#/AFL language.
let the games begin.....I'd be amazed if you can find a quantifiable edge in less than 2 yrs.
This game is so simple its wickedly hard. You have pros against pros,what are your chances?
I don't want to discourage you but the facts are that about 2% of players are net profitable after a decade.
It's the hardest way to make money. If you learn C# or any other programming language won't you just need data? I agree,already investments and programming are starting to meld(e.g. High Frequency Trading) but the next challenging group is IT financial gurus who do it independently. How do you compete with someone who utilizes software that reads news,information and other publications and makes trades with it faster than you can read the information. Uncertainty is certain.Let go
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Rank: User Joined: 1/5/2013 Posts: 66
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Dyer & Blair, from what l'v read in this site they are slow. On the forex trading, the effect of the new rules may have an impact on my profit margins. Any one with experiences of trading in other markets in Africa? Would appreciate the insight if they are more speedier than the local one.
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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 Click the sad face, if it works please let us know.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Mukiri wrote: Click the sad face, if it works please let us know. This is the trading site for dyer and blair  "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Mukiri wrote: Click the sad face, if it works please let us know. @Mukiri do you even own a brokerage account?? https://dyerandblaironline.com/TradeWeb/login.aspxMark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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guru267 wrote:[quote=Mukiri] Click the sad face, if it works please let us know. @Mukiri do you even own a brokerage account?? https://dyerandblaironli...com/TradeWeb/login.aspx[/quote] that login page looks excatly like for cfc! weird The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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guru267 wrote:[quote=Mukiri] Click the sad face, if it works please let us know. @Mukiri do you even own a brokerage account?? https://dyerandblaironli...com/TradeWeb/login.aspx[/quote] 404 - File or directory not found. The resource you are looking for might have been removed, had its name changed, or is temporarily unavailable. Iko shida gani? Is there an email for assistance? And while you are it, their hall is too small, I also feel their front office is understaffed. The front office guy and chick sometimes look harassed
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Mukiri wrote:404 - File or directory not found. The resource you are looking for might have been removed, had its name changed, or is temporarily unavailable. Iko shida gani? Is there an email for assistance? And while you are it, their hall is too small, I also feel their front office is understaffed. The front office guy and chick sometimes look harassed Clearly you need to invest in up to date IT since other wazuans seem to have accessed the site with ease!! Its also clear you have never been to D&B because there is a lady at the front desk! Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Ati day trading? Hehe. T+3 unless @lovely can come back & explain.
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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guru267 wrote:Mukiri wrote:404 - File or directory not found. The resource you are looking for might have been removed, had its name changed, or is temporarily unavailable. Iko shida gani? Is there an email for assistance? And while you are it, their hall is too small, I also feel their front office is understaffed. The front office guy and chick sometimes look harassed Clearly you need to invest in up to date IT since other wazuans seem to have accessed the site with ease!! Its also clear you have never been to D&B because there is a lady at the front desk! Coming week I'll get you both their names... thats a promise. Madam, with all due respect, clean your house.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Mukiri wrote:guru267 wrote:Mukiri wrote:404 - File or directory not found. The resource you are looking for might have been removed, had its name changed, or is temporarily unavailable. Iko shida gani? Is there an email for assistance? And while you are it, their hall is too small, I also feel their front office is understaffed. The front office guy and chick sometimes look harassed Clearly you need to invest in up to date IT since other wazuans seem to have accessed the site with ease!! Its also clear you have never been to D&B because there is a lady at the front desk! Coming week I'll get you both their names... thats a promise. Madam, with all due respect, clean your house. Mukiri has no account....clearly "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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CFC copied D&B? D&B's page has been like this for the longest, they need to upgrade "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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murchr wrote:holycow wrote:Aguytrying wrote:that login page looks excatly like for cfc! weird Exactly. CFC copied D&B? D&B's page has been like this for the longest, they need to upgrade lol. Copycat CFC. No wonder the new system doesn't have the some key features of the previous (e.g. info on foreign sales and buys)
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mwekez@ji wrote:murchr wrote:holycow wrote:Aguytrying wrote:that login page looks excatly like for cfc! weird Exactly. CFC copied D&B? D&B's page has been like this for the longest, they need to upgrade lol. Copycat CFC. No wonder the new system doesn't have the some key features of the previous (e.g. info on foreign sales and buys) the lack of foreigner column has really inconvenienced you. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Aguytrying wrote:mwekez@ji wrote:murchr wrote:holycow wrote:Aguytrying wrote:that login page looks excatly like for cfc! weird Exactly. CFC copied D&B? D&B's page has been like this for the longest, they need to upgrade lol. Copycat CFC. No wonder the new system doesn't have the some key features of the previous (e.g. info on foreign sales and buys) the lack of foreigner column has really inconvenienced you. Yea. Those columns were very handy in tracking of foreign money that has been moving the market. ... Any idea of an online service provider giving this info on realtime
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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@mwekezaji - Real time with plenty of info... My Stocks Live Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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