Best Day Trading Brokers for Beginners- Buying Stocks, Short Selling, Small Account Trading & more

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🔽Time stamps:
1:48 Best broker for buying stocks
6:45 Best brokers for shorting
9:17 Best broker for shorting with a small account under PDT
10:49 Best broker to avoid PDT rule
12:37 Brokers for options trading, free commission trading

Trade with me: https://bit.ly/3NDfhUu

Best brokers for going long stocks:
1. Interactive Brokers: https://bit.ly/3bE82u4
Account minimum: $2,500 USD
Pros: Cheap commissions. Getting better at having short borrows on small call penny stocks. I use this broker for day trading penny stocks. Plenty of easy to borrow stocks to short at no extra borrow cost.
Cons: Expense on monthly individual data subscriptions add up. Terrible customer service. No hard to borrow stocks and short stock locate function.
My Interactive Brokers TWS Platform set up: https://youtu.be/UWTWz2GZq30

2. Fidelity Active Trader Pro
Pros: Good execution fills and customer service.
Con: Outdated trading platform, sometimes the buttons lag.
3. TradeStation
Great for trading automation, direct access broker, Matrix feature for faster order entries

Best brokers for Shorting Stocks with a Large Account ($30K Min)
1.Cobra Trading: https://bit.ly/3iNLqJq
Great list of hard to borrow stocks to reserve short, affordable fees for overnight short swings
Get 25% off commissions, mention “Humbled Trader” at the time of account opening

2. Centerpoint Securities (Broker for shorting with Large account)
Great list of hard to borrow stocks to reserve short, at a more premium price. Great customer service. https://bit.ly/3LKdlID

Best brokers for Shorting Stocks with a Small account
TradeZero: https://bit.ly/38OlfSv
-3 months FREE platform + 1 Month 10% off locates
My Trade ZeroPro platform set up: https://youtu.be/BWBTKqPzE_o

Broker to Avoid PDT Rule:
1. CMEG- Capital Markets Elite Group: https://www.cmelitegroup.com/

Honorable mentions:
1. Schwab Streetsmart Edge- Great for options trading
2. Thinkorswim
Powerful interface for options strategies. OnDemand feature. Great platform for technical analysis. FREE live data.
My Thinkorswim set up for day trading: https://youtu.be/Hjn40uLaewQ
3. ETrade – Going long stocks, free commission trading

📉My Trading Broker Platforms:
TradeZero: https://bit.ly/38OlfSv
-Get 3 months FREE platform + 1 Month 10% off short locates

Centerpoint Securities ($30K min): https://bit.ly/3LKdlID
-Get 50% off Commissions & Short locates for 60 days
-Get 6 months FREE Trade Ideas scanner

Interactive Brokers: https://bit.ly/3bE82u4
Interactive Brokers Canada: https://bit.ly/2FBwdMo

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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

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Scalp Trading Website, Best Day Trading Brokers for Beginners- Buying Stocks, Short Selling, Small Account Trading & more.

Just how much do forex traders make a day?

As an example, with an average five-pip profit as well as 10 professions per day with a micro great deal of $1,000, the investor will certainly make $5 (Note: this is a price quote and will certainly depend upon the money pair traded). This does not appear significant in financial terms, however a 0.5% return on a $1,000 account in a solitary day is remarkable.

What Is Foreign exchange Scalping?

Foreign exchange scalping is a trading style used by forex traders to acquire or sell a currency pair and after that hold it for a short amount of time in an attempt to make a profit. A forex scalper aims to make a lot of trades, making the most of the little rate motions which are common throughout the day. While scalping efforts to catch tiny gains, such as 5 to 20 pips per profession, the earnings on these professions can be multiplied by boosting the placement size.

Forex scalpers will normally hold trades for secs to mins, and also open as well as close numerous placements within a single day.

Forex scalping involves purchasing as well as marketing money, normally with a brief holding time as well as with several trades taken every day.
Forex scalpers maintain threat little in an attempt to record tiny price motions for an earnings. The little cost activities can end up being significant amounts of cash with utilize and also huge setting dimensions.

Foreign exchange scalpers generally utilize ECN foreign exchange accounts, as using a typical account will certainly place them at a downside.
Leverage, spreads, charges, and also slippage are all risks that the scalper needs to control, take care of, as well as account for as long as possible.

Summary:

Scalping is extremely fast-paced. If you like the action and also like to concentrate on one- or two-minute graphes, then Scalping might be for you. If you have the personality to react swiftly and also have no compunction in taking very quick losses, not more than two or 3 pips, then Forex Scalping may be for you.

But if you such as to evaluate and also think through each decision you make, probably you are not suited to scalp trading.

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Legal Warning, Please Note:

All products listed on our website TradingForexGuide.com are traded on leverage which suggests they lug a high level of financial risk and also you might lose greater than your deposits. These items are not appropriate for all capitalists. Please guarantee you fully recognize the dangers and very carefully consider your economic scenario and also trading experience prior to trading. Seek independent recommendations if necessary.

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