Best analyzing tools, black boxes, best broker | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Russian Doll - Boxes within boxes price action 6 replies

Analyzing currencies with gold 2 replies

All the most widely used tools = the strongest tools 5 replies

Analyzing Indicators Powerful 7 replies

Analyzing the Carry Trade on Yen 1 reply

Best analyzing tools, black boxes, best broker

  • #1
  • First Post: Jun 1, 2017 4:01pm Jun 1, 2017 4:01pm
I found robinhood.com, a zero commission broker, however there is not much in the way of charting for technical analysis. Also, the downside is they only seem to have the major stocks. There are a lot of penny stocks I would like to purchase, such as the marijuana stocks, however the commissions or minimum balance for the major brokers seem awfully high.

What have you found, and how do you know they are reputable?

I am going to find a way to scalp with robinhood.

I am also interested in black box systems, but these tend to work in a zero commission environment. I wonder if there is a way with robinhood somehow. They don't seem to offer it but perhaps there is a program that can utilize their commission free system.
  • #2
  • Jun 1, 2017 5:08pm Jun 1, 2017 5:08pm
Quoting Jared
I found robinhood.com, a zero commission broker, however there is not much in the way of charting for technical analysis. Also, the downside is they only seem to have the major stocks. There are a lot of penny stocks I would like to purchase, such as the marijuana stocks, however the commissions or minimum balance for the major brokers seem awfully high. What have you found, and how do you know they are reputable? I am going to find a way to scalp with robinhood. I am also interested in black box systems, but these tend to work in a zero commission...
My favorite is FXPIG Broker... Reputable and nice feeds since years used them )

According to black box , Stop seeking
https://www.forexfactory.com/showthread.php?t=663538

Here is a small information about that "Black box" Companies.. You have to create your own one.. You cant buy , Its not sold..

Takes years to develop from scratch and to learn what to do.

You need Great "Team mates" "Mentors" To be able reach that goal..
Take it easy.
  • #3
  • Jun 1, 2017 7:13pm Jun 1, 2017 7:13pm
Quoting Jared
There are a lot of penny stocks I would like to purchase, such as the marijuana stocks, however the commissions or minimum balance for the major brokers seem awfully high. What have you found, and how do you know they are reputable? I am going to find a way to scalp with robinhood. I am also interested in black box systems, but these tend to work in a zero commission environment. I wonder if there is a way with robinhood somehow. They don't seem to offer it but perhaps there is a program that...
If you're going to "scalp", you'll be limited to 3 "day-trades" in a 5-day period unless you keep $25,000 in the account.
This rule applies to all US equity brokers.
  • #4
  • Jun 16, 2017 12:54am Jun 16, 2017 12:54am
Quoting srt
{quote} If you're going to "scalp", you'll be limited to 3 "day-trades" in a 5-day period unless you keep $25,000 in the account. This rule applies to all US equity brokers.
Ive found Robin Hood good for swing trading ETF's. I just do my analysis in tradestation but purchase in RH. I imagine you could use something like stockcharts in a similar fashion.
  • #5
  • Last Post: Jun 17, 2017 3:26pm Jun 17, 2017 3:26pm
Best Analysis Tool: TradeStation

Best Broker: Interactive Brokers

Best black box... One that you program yourself in tradestation.

Sorry for the last sarcastic answer but my own opinion is that any store-bought black box will probably lose you money. Maybe there are some millionaire systems buyers that it works for, but my own opinion is that if you don't understand what the system is doing you'll stop trading it when it loses money and/or trade heavier when it makes money right into a draw down period.

As for scalping, i'm also skeptical. The bid/ask and/or commissions will eat you alive.

Best of luck.
0 traders viewing now