Category Archives: Getting Started Trading

Where to trade? – Finding a Broker

Singapore, home of many Brokers
Singapore, home of many Brokers

In this article, I will discuss Forex and CFD brokers. I will discuss how they operate and how to find one for successful trading. Many of the ideas that I share about these brokers will also apply to brokers of other securities like Bonds, Stocks, ETFs, and Options.

I am a big proponent of building your own infrastructure. However, as a retail trader, there is only so much you can do. It is not cost-effective to pay for direct access to an exchange and co-locating some trading servers right there at the exchange. That is not what this article is about. This article is about building a trading infrastructure that is flexible and independent enough to be able to execute trades through any broker you see fit.

I believe that you should not get locked into a platform in a way that will allow you to only trade with the broker that provides the platform. That is why I use spreadsheets, open-source programming frameworks/libraries (python) and freely available charting software to do my trading analysis. But first, let’s go into what it is you should look (out) for in a broker. Continue reading

Tools of the trade

Tools of the trade
Tools of the trade

In this article, I will tell you about the possible tools you have at your disposal for trading. Whether you are building a fence or building a trading strategy, you need tools to get the work done. In the previous articles, we already looked at the question of why, how, what and where to trade. Now it is time to get some tools and set up an infrastructure for trading. We basically need three types of tools. Continue reading

Find trading ideas and educate yourself

Find good trading Ideas
Find good trading Ideas

This is article six of the getting started trading series. I have hopefully introduced you enough in the subject of trading and investing, that you can start to make some choices on how you would like to go about trading based upon what fits you, your personality and lifestyle.

I could jump in right now and start explaining how I trade, but instead, I will first give you some pointers ad to where I got my trading ideas and how I educate my self. I hope it will inspire you to find your own way and hopefully, my future articles/lessons will help you educate yourself and give you plenty of ideas. Continue reading