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I'm new, have been fake trading on "Howthemarketworks.com" for a few years.
My real capital was invested in my home---my home spiked 80%+ in 3 years --- and we sold it a few months ago.
Now I have a bank account sitting doing nothing while we rent and look for a house.
I have tons of time, no job.
I've read hours and hours of newbie material to scare the hell out of me.
Still I'm ready to move forward.
I'd like to do a combo of larger swing/long trades with most of the cash, a minority of the funds trying my hand at scalping when the moment is right and fits to my plan.
I don't have a platform yet
Here's my questions:
DIRECT ACCESS?
The more I learn about brokers, the more I want Direct Access.
To me, the larger cost seems reasonable for the amount of control you gain from it.
But when I search for Direct Access info, everything online was written or uploaded 2013 or way before...
Did that ship sail?
Are brokers better than Direct Access?
By better I mean comparable accuracy and speed with cheaper cost?
What do I need for DIRECT ACCESS?
I see people with multiple monitor setups - are these windows all opened from the same program and moved to other screens?
Do I need to pay for a charting program in addition to the DA account?
Anyone prefer Direct Access in 2015?
thank you!!!
Can you help answer these questions from other members on NexusFi?
Maybe the question was for Direct Market Access, for futures and/or stocks?
For swing trades I don't see why DMA would be needed, and I don't see the link between multiple monitors and DMA.
Site Administrator Developer Swing Trader R.I.P. 1977-2026
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,669 since Jun 2009
Thanks Given: 33,669
Thanks Received: 102,586
Yes I assumed DMA which is why I said we are primarily futures here. But maybe I misunderstood his question. He could be talking about internet connectivity to the exchange with a dedicated lease line vs a typical consumer grade connection.
