How to Start Online Trading?


Home \| Download Library \| Contact Us \| Tell a Friend \| Forum \| Subscribe Now ! \| Search \| Member Login

Indicators

Mentorships

Trading Systems

Webinars

Live Seminars

CDs and DVDs

Trading Journal

Day Trading Book

Take a Tour

Live Trading Room

John's Newsletter

Hubert's Newsletter

Subscribe Now !

Watch Live Trading

Free Webinars

Free Videos

Tips and Articles

FAQ

Member Webinars

Download Library

Blogs

Discussion Forum

Online Image Gallery

Reviews

About us

Feedback

Site Map

Tell a Friend

Text Size

John Carter

Hubert Senters

November 2008

S	M	T	W	T	F	S
						1
2	3	4	5	6	7	8
9	10	11	12	13	14	15
16	17	18	19	20	21	22
23	24	25	26	27	28	29
30

View All Events

How to Start Online Trading?

How to start online trading?

Before you start online trading you want to make sure that you are on a level playing field for all online traders in regards to the equipment and software they are using to tackle the markets. If a trader can start this part right correctly, he is at least going to have a fighting chance to compete on a level playing field with everybody else. If a trader is behind the technology curve, he is going to be trading at a distinct disadvantage. This is the easiest part of a solid trading plan, and the first step to start online trading.

How much money do you need to start online trading?

The amount and type of trading equipment that a trader has is going to depend a little on their own financial resources, and a lot based on the type of trading they are doing. Top of the line systems with three or four monitors are available from companies like Dell on a leasing program for less than $150.00 per month, so cost isn't a huge issue. If a trader has a computer that is more than 3 years old, he needs to upgrade some of its components or just get a new one.

What hardware do you need in your computer to start online trading?

The most important component of a trader's computer is the RAM. This is the amount of memory available while running applications in real time. A trader with an older computer will definitely need a boost here, as this has a major impact on how fast he will be receiving his quotes and other live data. This is also the most expensive part of the computer, though prices continue to drop. As I'm writing this on February 7, 2005, there are three ads on the Internet that boast top of the line computers for $399. These are equipped with a nice 2.4 gigahertz processor, a fat 40 Gigabyte hard drive . . . and a puny 256 megabytes worth of RAM. This is inadequate for a trader who would like to start online trading. The RAM on a trader's computer should be at least 1 gigabyte, and nearly all basic systems come with much less than that. Realistically, to start online trading, a trader is going to spend about $2500.00 for a top of the line computer with at least 1 gigabyte of RAM, multiple flat screen monitors and a solid multi-monitor ready graphics card. There are companies out there that market "trader computers" for a lot more money, but the exact same computer is available at Dell for much less. The main thing to keep in mind is that a online trading computer should be specifically setup for trading, and have a minimum of "other stuff" going on.

Digg This | Bookmark on del.icio.us | Submit to Reddit

Online Trading Articles

· Day Trading Training
· Day Trading Strategy
· Day Trading Online Rule
· Day Trading Tips for Successful Day Trading Online
· Are You a Newbie Trader?
· Trading Plan: Why Are You Failing To Follow It?
· Online Stock Market Trading Tip
· Day Trading Stock Tip
· Day Trading Online Tricks

[ view sample videos ]

Recent Day Trading Forum Posts

• TradeMonster - nice trading platform guys

• dollar/yen futures exchange rate

• Infinity Platform

• IV Bands for 11/21/08

• Friday's Economic News

• Prince Alwaleed

• Chicago IL members?

• TTM Value Chart - video available?

• DOW 5300

• IV Bands for 11/20/08

• No IV Bands this morning

• New Member Intro

• No @ES data on Tradestation

• Josh, based on the response

• Squeeze alerts on Radar Screen and Trading Specs

*Unique experiences and past performances do not guarantee future results! Please click here for full disclosure.

Here's what our online trading clients are saying ...

"Every penny I spent was worth the investment. Your group has given me the tools and knowledge needed to succeed."

Randy S.
11/25/07
More customer reviews

"As I was listening to one of your videos, one of my 13 yr old twin girls walked by my desk. As she put the earbuds in from her mp3 she inquired in a teenager way, "You're listening to that annoying man again?" I replied, "Honey that man is the sound of money and paid for your mp3, so deal with it!"

Bob W.
11/07/07
More customer reviews

Tonight's live trading video was right on the MONEY. Your information is really great and you make it look EASY. Thank so much for all your effort, knowledge, and generosity.

Bill C.
10/18/07
More customer reviews

Thank you for your videos- quality and content is excellent- you've recently raised your game by introducing the forex and currency futures. Superb. I've personally gained so much knowledge from the site which is beginning to reflect in an improving equity curve. Excellent work!

Daniel C.
9/28/07
More customer reviews

I can't tell you how much I've learned since becoming a TTM member. The nightly videos and live trading room have been excellent teaching tools for me as a beginner trader.

Todd K.
9/03/07
More customer reviews