Day trading with CFDs

Especially stock and index CFDs with DMA brokers, which settle the contracts at comprehensible market prices, are relevant for day traders. As they replicate the price of the underlying instrument 1:1 with very low capital requirements, CFDs are ideal for beginners in particular. Today, day trading no longer requires elite equipment, but still requires full equipment, especially with regard to software and price supply.

PC & other terminal equipment

The need for a PC with a fast internet connection is self-evident. While access to the trading account with mobile devices via apps is also possible without particularly high technical standards, a stationary PC or laptop should have a certain level of performance with regard to the requirements of modern trading platforms. However, special "trader PCs" with a "buy" button and several screens are not absolutely necessary.

Price supply

Day traders absolutely need a complete supply of real-time push prices for all relevant markets. End-of-day data are just as insufficient as prices with a 15-minute delay. By no means all brokers provide this quote supply free of charge. However, the fees for price data subscriptions are sometimes reduced or refunded if there is sufficient trading activity.

Analysis and order software

Not just any order screen meets the requirements of a day trader. It must be possible to observe several markets in parallel and to send orders in a very short time. The more order options (trailing stop, if-done order, etc.) are available, the better. The analysis software should also go well beyond a repertoire of drawing tools and the most common indicators.

Those with little or no programming knowledge must look for a large pool of functions, indicators and strategies that can ideally be easily combined.

Development possibilities for trading systems

Sometimes it may be necessary to use third-party offers parallel to a broker's software. This is especially true with regard to development possibilities for trading systems. Here, backtesting, community and development environment should not only be sufficient for beginners.

Market scanner

Here is good point ffrom Thai website: "ผู้ค้ารายวันใน Exness ประเทศไทย ไม่สามารถตรวจสอบตลาดที่เกี่ยวข้องทั้งหมดตลอดเวลาเพื่อหาสัญญาณการซื้อขายที่อาจเกิดขึ้น. ดังนั้นหนึ่งในเครื่องมือที่ใช้งานได้จริงที่สําคัญที่สุดคือเครื่องสแกนตลาด (โดยปกติจะมีให้จากผู้ให้บริการบุคคลที่สาม)."
"Day traders cannot examine all relevant markets around the clock for the possible occurrence of trading signals. Therefore, one of the most important practical tools is a market scanner (usually available from third-party providers)."

Scanners can be used, for example, to search the German or North American stock markets specifically for stocks whose indicators are close to an entry signal. These shares can then be included in a watch list, for example.

Brokers that allow day trading and are worth their money

Some brokers exclude day trading or deliberately put obstacles in the way of short-term scalpers. Among all other day trading brokers, the one that offers the lowest order fees for the individual transaction profile is not automatically the best.

The order fees, taking into account all discounts, are important for day traders, but they are not the only criterion. The quality of price setting and order execution is at least as important.