Share Trading software + Brokers?

[Ice2Cool]

bleh

 

[Mamajyot]

Hey all!

Okay, so ive finally decided to take the plunge and start stock trading after studying finance for the last few years. But theres something they dont teach u in books is what software to use to track and graph the stocks and which brokers to use?

Since im not starting with alot of capital, what do you suggest is the best way to start trading? I would like to trade with medium term views and as i progress move to day trading. Currently through Standard Bank Online Share Trading, it costs about R50 per trade i belieev which is quite high and prohibive to make any money through day trading.

What software do you guys use in our local market? Any suggestions for brokers? Do you trade in the foreign markets at all? What about forex?

Hi Ushir,

I was in your position 2 years ago.

Even though slightly more expensive I chose nedbank online share trading as it integrated very easily with my banking profile etc.

Provided I make more than 1 trade per month I dont pay monthly fees.

Advice from my side, only invest any money that you are prepared to lose.
Its not a joke and if you invest your life savings you can be in for some serious heartache.

Sharetrack software should not be used in isolation as my friend who has a 12k package has still made some good guys and some bad beats along the way.

I generally read all the daily papers finance section, fin24.com moneyweb.co.za and miningmx.com for my fix on finance news.

Also, follow strict stop losses and be disciplined.

Lastly, GOOD LUCK and make some money!!!

 

[bierman]

Software

Yo, u can call CNK Monleyline, they sell software tht u use on the stock market, unfortunatly the software is like R10000 or more. their number is 012-6636128, they got reps and agents all over the country.

Just make sure u read the term and condition, before signing the contract

 

[Alastairo]

I use PSG online at around R50 per month. I put 120K in a few years ago and it went up to 400k, but the meltdown halved that.
Still much better than being in the bank

 

[fdaniels]

Wow, that is insane growth. Growth like that would do wonders to my home deposit, but I am going to stick with the bank because I would be devastated if I lost it

 

[RoryK]

I noticed in your post you asked about forex...Im not sure if you meant that question in regard to trading shares off shore or if you meant trading the forex market itself , in case you meant trading forex...here are some details:

Charting and brokers are much easier and accessable.

The Brokers for forex are easy to fund (credit card or wire transfer or paypal) and the charting off their platforms is superb , with all the analytical tools you could want or need.

Leverage is good as well now seen as it is regulated to maximum 1:100 so its more difficult for new traders to kill their accounts than the old days of 1:500 leverage , but you still have enough to make good money.

Just in case you didnt mean trading forex itself , I will end the post there.

I hope you have good success with your venture.

 

[splicelife]

hi guys, anyone heard of titantrade before? they got my parents to sign up and deposit, but from what i've seen there are many negative comments about them, anyone know if they realy are legit?

 

[Sly21C]

I use Standard Bank online share trading. Trading software is so unnecessary these days.

I use PSG online at around R50 per month. I put 120K in a few years ago and it went up to 400k, but the meltdown halved that.
Still much better than being in the bank

Envy!!!

What company did you invest in to grow from R120k to R400k? It's unfortunete you lost half your R400k.