Whether you are an aspiring day trader or an experience active trader with years of screen time under your belt, it makes sense to always be evaluating platforms. The trading broker that you use is very important to how you make your profits. You need to be comfortable with the interface, the setup, the breakdown of the fees and understand all the research/education offerings that your broker can offer you.
Tradestation is a well known broker with lots of experience in the world of trading. It is the professional day trader’s first choice. But it can be a powerful tool for those that want to trade on the side of their day jobs in order to be proactive in their financial life.
The company is headquartered in Plantation, Fl. It was founded by two Cuban brothers that began as future traders. Because of their interest and expertise in computer science, the brothers created their own programming language, called EasyLanguage, that allows laypeople and traders with little computer skills to build trading algorithms that allow them to take advantage of the market.
Tradestation is known as the traders’ platform, because it was built by actual traders. The interface of Tradestation 10 is relatively simple to use for most traders but it may be a bit of a learning curve for novices. The company also offers Web Trading, which is a browser based platform that allows you to pare down the desktop platform offerings into the essentials.
Tradestation can be bit intimidating for new users and even users with hundreds of hours on the platform. But the advantages are hard to overstate.
Mobile trading is becoming more and more accepted in this new digital age. Tradestation offers apps for both iOS and Android apps. The apps show your watch lists upon opening and real-time quotes. And you can customize the interface to your mobile platform easily. You might need to do some work to make the watch lists on the desktop sync with the mobile app, but it is possible.
Even if you don’t want to open an account, you can pay for Tradestation Analytics package and get the system’s ability to process the market into your life. It includes both real-time and historical market data, along with proprietary analytics tools and mobile apps that allow you to check in on the market from pretty much anywhere.
Tradestation offers educational resources as well. There are daily webinar offerings that can involve new topics in the markets and give people good ways to get better at investing. Tradestation University is available, but the main focus is on how the platform works for users, equities and options.
Any kind of trader can use a real education from a day trading education site that allows for veteran traders to instruct people on the finer points of being in the market. Learning how to get better at day trading is important for any level of trader, from novice to expert.
I use TDAmeritrade for my Roth IRA and the TOS think or swim platform is amazing the tools are almost unlimited and the customer service is amazing ,I have always gotten excellent service.