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  • 2 Post By hamzan

Trading Nasdaq Stock

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  1. #1

    Join Date
    Feb 2012
    Posts
    1

    Trading Nasdaq Stock

    Hey Guys
    Im a 22 year old and I think now is the right time to start trading. I am fairly new to Hong Kong and dont know much about the market and indicators here but for starters I am planning to trade Nasdaq stocks.
    Can anyone of you offer any guidance if thats a good Idea. Also any recommendations of an online broker thats offering real time qoutes, low margin rates and automatic buy sell stops.
    Any help will be quite valuable for me. If theres anyone else whose new here...or if ud just like to help..lemme know and maybe we all can form a group for discussions/tips/ideas

    Cheers

    peainpod and Haohengwan like this.

  2. #2

    Join Date
    Jul 2007
    Location
    TST and Macau
    Posts
    1,487
    Quote Originally Posted by hamzan:
    Hey Guys
    Im a 22 year old and I think now is the right time to start trading. I am fairly new to Hong Kong and dont know much about the market and indicators here but for starters I am planning to trade Nasdaq stocks.
    Can anyone of you offer any guidance if thats a good Idea. Also any recommendations of an online broker thats offering real time qoutes, low margin rates and automatic buy sell stops.
    Any help will be quite valuable for me. If theres anyone else whose new here...or if ud just like to help..lemme know and maybe we all can form a group for discussions/tips/ideas

    Cheers
    Try Citibank. They let you trade US stocks. No custodian fees like HSBC and they waive the buying fees if you trade regularly which leaves only the stamp duty of 0.1% when buying and a total of 0.3% when selling.

  3. #3
    Quote Originally Posted by hamzan:
    Hey Guys
    Im a 22 year old and I think now is the right time to start trading. I am fairly new to Hong Kong and dont know much about the market and indicators here but for starters I am planning to trade Nasdaq stocks.
    Can anyone of you offer any guidance if thats a good Idea. Also any recommendations of an online broker thats offering real time qoutes, low margin rates and automatic buy sell stops.
    Any help will be quite valuable for me. If theres anyone else whose new here...or if ud just like to help..lemme know and maybe we all can form a group for discussions/tips/ideas

    Cheers
    1. why do you want to trade NASDAQ? Do you know the trading hours for NASDAQ is from 21:30-04:00 in Hong Kong Time, which means you have to stay awake every day until morning?
    2. If you wanna trade NASDAQ after re-consideration, then try to apply a trading account in Tradestation, http://www.tradestation.com/; or Interactive broker, https://www.interactivebrokers.com.hk/en/main.php. Both offers the lowest commission fee in the market, but no reports provided, most of their customers are active pro traders.

    Good Luck!

    Jason

  4. #4

    Join Date
    Mar 2010
    Posts
    6,745

    Go to HK library and read as much as you can get hold of while waiting for the next big crash