timsk
Legendary member
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Hi KVN,
Welcome to T2W.
Your question 'what is important for such kind of trading?' is rather general and somewhat vague. If you've not read them already, look at the Trading FAQs forum - starting with the Stickies at the top.
As for the type of broker you require - that will depend upon the markets and instruments you wish to trade. If you're trading equities in the short term - i.e. a few days - then a Spread Betting broker may be suitable. If you're intending to hold positions open for many months - then the financing costs may rule this option out, and you'd be better off buying actual shares. If you're trading U.K. equities, you'll have to pay stamp duty which might impact your decision further.
In short, you need to do a lot of research and study the markets of your choice thoroughly in order to weigh up the options available and arrive at the best solution for your personal circumstances.
Tim.
Welcome to T2W.
Your question 'what is important for such kind of trading?' is rather general and somewhat vague. If you've not read them already, look at the Trading FAQs forum - starting with the Stickies at the top.
As for the type of broker you require - that will depend upon the markets and instruments you wish to trade. If you're trading equities in the short term - i.e. a few days - then a Spread Betting broker may be suitable. If you're intending to hold positions open for many months - then the financing costs may rule this option out, and you'd be better off buying actual shares. If you're trading U.K. equities, you'll have to pay stamp duty which might impact your decision further.
In short, you need to do a lot of research and study the markets of your choice thoroughly in order to weigh up the options available and arrive at the best solution for your personal circumstances.
Tim.
Thank you, I really appreciate it.
market_bull
Active member
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And by "a lot of research", he basically means that this is a life-long learning commitment. 
I've been sucked into it, too.
I've been sucked into it, too.
Pazienza
Senior member
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Try a combination of basic fundamental analysis (and I do mean basic) for direction and simple chart-reading for entry timing.
Read How to Trade in Stocks by Jesse Livermore, there's an excellent method described in there that works very well. He talks bout the concept of pivotal points and if you back test this on, for example indices or commodities you should be pleasantly surprised with the results.