What will be suggestions for the day trade beginner? I am confused with the brokers because I want to invest only small amount initially. Experts help me pls? - Seedly

Standard Chartered Online Trading

DBS Vickers Securities

Stocks

Asked by Anonymous

Asked on 29 Jan 2019

What will be suggestions for the day trade beginner? I am confused with the brokers because I want to invest only small amount initially. Experts help me pls?

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Before you even start day trading, how confident are you of your strategy? Won't be easy especially if you are new to trading in general. You may want to find a way to practice your strategy using a demo account first or on good old pen and paper to see if there's a high success rate before going in live.

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Question Poster

30 Jan 2019

Thank you for your answer. What would you suggest if am looking for a daily minimum earning and to watch the market it on my own self. Like, what will be better.,, stocks? Forex?
Jonathan Chia Guangrong
Jonathan Chia Guangrong

30 Jan 2019

If you are looking to day trade and eventually do it full time, you will need to learn how to trade first and keep your day job. May be difficult to do with stocks as you will need quite a bit of capital unless you wanna contra, which itself will have some risks. I'd lean towards forex for pure day trading but you may want to engage a mentor to teach you. Personally I don't really touch forex and am looking to transit to a full time investor role using an options portfolio
LB Sheng
LB Sheng

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Level 2. Rookie
Updated on 07 Jun 2019

Guess DBS Vickers is friendly enough for beginner. Of course, do compare other brokers for the fees and charges.

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Question Poster

30 Jan 2019

Thank you so much.