Among the online discount brokers Ameritrade has always been among the leaders. I find their trade window and usability much easier for most people. I’ve used been numerous online brokers over the years and Ameritrade still comes in first place.

The great thing about Ameritrade is that it incorporates with Quote Tracker. Quote Tracker works with many online brokers and was recently bought by Ameritrade not too long ago. QT allows for 1 click trading and is great for charting.

QT and Ameritrade is currently offering a special discount for new accounts. $5 comissions for 1 year!! You have to use this link though http://www.tdameritrade.com/offer/quotetracker.html?a=PFD&referrer=bullrally

Just like you won’t go to war without guns and tanks, if you want to day trade you must have the right tools. Every day is a battle and those on the other side of the trade is your enemy.

The person with the faster tool can get a better price and get out of a stock faster if things go wrong. Makes me laugh when people attempt to trade using a web based platform. Although many of these tools have improved, many do require you to type in the share amount and price.

In a fast moving market you can’t manually type in the price fast enough to follow a stock and most likely will miss the trade unless you go with a market order.

The trading software I’ve been using for the last 10 years is called Quote Tracker It’s totally free and integrates with most of the online brokers. The best part about QT is that is creates intra-day charts from the quote data it receives.

QT also has a trade window that follows the bid or ask price on any stock which then allows for 1 click trading. With streaming quotes and level 2 quotes, Quote Tracker is more than enough for any trader to compete in the battle field.

If you’re going to start investing or trading online then you will need an
online broker.  This is basically like a bank account that allows you to
place trades online.  Certain online brokers have special services that
cater to a certain type of investor but for the most part, I will list the most
common brokers that most people use.

Ameritrade

Scottrade

Etrade

Zecco

First Trade

Share Builder

Interactive Brokers

Think Or Swim

Trade King

I use Ameritrade with QuoteTracker. I’ve been using quotetracker for many years and I find it just as good if not better than any other software out there.

Quotetracker is free and was recently bought by Ameritrade. Quotetracker integrates with many brokers and datefeeds. QT is great because it provides 1 click trading for many of the web based trading brokers.