What computer software do I need to start day trading?

Which are the best software?What computer software do I need to start day trading?You don't need any software. All you need is Scottrade (free to sign up), and money to fund your trading. Good Luck, buy "C"What computer software do I need to start day trading?I'm assuming you're talking about trading stocks.



The worst program would be to use browser-based software like Ameritrade, and the slowest would be Etrade.



Register with thinkorswim and download the application. They won't require you to fund the account, and you can have access to live quotes as long as you want. I'm not sure what their data feed costs when you get ready to trade, so check with them on that.



https://www.thinkorswim.com/tos/displayP鈥?/a>



Or, for forex and forex futures, download the NinjaTrader program free trial. They will let you keep it going for six months before funding. Full access to historical data if you need that. Lowest margin rates I've seen anywhere; $500 for forex and emini S%26amp;P and Dow.



Everything is free, but if you want to trade stocks, you'll have to pay $45/mo for the data feed; the lowest I've found.



http://www.ampfutures.com/index.php



Develop a trading plan and test it on the NinjaTrader simulator, or Thinkorswim simulator before risking your hard-earned money.What computer software do I need to start day trading?Here's a great article for you;

http://webreprints.djreprints.com/239028鈥?/a>



I use ThinkOrSwim %26amp; Interactive Brokers. ThinkOrSwim has an active trader platform (actually two) where you can trade directly off a chart (no extra charges). ThinkOrSwim also has great webinars. A special one they have right now is every Monday (for the next few months) on trading psychology.



I also use HotScans by Marketguage for scanning the market ($75 a month). Needless to say..... I'd hold off day trading until I nailed down swing trading...... getting good at swing trading can take 2-5 years. I still read a new book (or re-read an old one) on trading almost every month. The hardest part about trading is the enormous time every day %26amp; weekends that you'll need for perfecting your skill. Even with a tremulous effort..... less than 5% of the people that try day trading succeed.



Good luck. It's hard....... but it's worth it.