Is there software to buy and sell stocks in real time on very small moves in price?
I know that day trading involves more than just simplifying buying and selling stocks.
I'm very new to stock trading, but I was wondering if there is real time software that could do the following on the NYSE and TSE.
Say there is a sudden surge in purchase volume for a stock, and the value increases by a small margin e.g. 1/4 percent page. I would then set a trigger to purchase the stock, and once it increases by another 1/4 % then I would sell the stock. If it was to fall more than 1/2 % then I would sell also to cut my loss.
Also, what websites will show you the current biggest daily gainers? (real time)
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I'm answering in a perspective of an End-User within the United Kingdom.
Most stockbrokers won't provide Real-time information without 'Level 2' access, however this comes free for most who trade over a certain threshold. If you're like me, who trade within their ISA Holding each year, you need to look elsewhere.
I personally use IG.com. They've recently began a stockbroking service, whereas this comes with realtime information etc with a paid account without any 'threshold'. Additionally, you may want to look into CFDs/Spreadbets as these, won't include the heavy 'fees' and tax liabilities that trading with stocks may bring.
Note that the pros pay for extremely fast access and are literally fighting over nanoseconds to get every possible advantage. Your system won't come close to that by several orders of magnitude. Consider the implications for the kinds of automated trading you want to perform.
(Pico was overstating it. Nano, at the processor level and in terms of which transaction is first into the buffers, is certainly true. A millisecond is a Long Time in this domain.)
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