day trade

hrughai

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Hi
im looking to daytrade UK equities, i just need to know if there is any good direct accsess brokers in the UK.

Harjinder
 
Last edited:
up 2 you - personally no i wouldnt.

time & sales is essential in my opinion as is accurate data and an honest broker. look for reliability in platform and data
 
1lotwonder said:
up 2 you - personally no i wouldnt.

time & sales is essential in my opinion as is accurate data and an honest broker. look for reliability in platform and data

Thanks but i do my own homework and just need good entry prices and spreads see how it pans out.
 
hrughai said:
Thanks but i do my own homework and just need good entry prices and spreads see how it pans out.


bit odd editing your question after the answer has been given so as to make the answer look out of context.
 
"Daytrading UK equities by direct access" means you intend to buy and sell uk shares on the same day.

If this is really your intention then you will have to pay stamp duty, which will make it almost impossible to become profitable.

If you want to daytrade shares look to the us or almost anywhere except uk! If you need to trade uk shares look for longer timeframes, or go through cfd providers or spreadbetters to avoid the stamp duty
 
Thanks,

New question, If you had a capital base of a few hundred thousand pounds, what medium would you use to trade things like forex or inidces ?

would you use spread betters or a futures broker ? or somthing else...

or if it was a million would you leave the country to aviod tax to trade actively.

Hrughai
 
Good grief - when you said in February 2005 you do your own homework you weren't joking - 6 years later and you're back here posting like a maniac!
 
LoL and things are working slowing but surely im seeing the light from this dark tunnel, its been a long journey!

but im the master!
 
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