How many people are trading on your website at any given time? Which person (or company) do these trades for?
To answer these questions, you need a better idea of how long your trading activity will last. You can also get some guidance on how many people are trading in your target area based on the price, volume, and time of day when the trades occur. You can also get a sense of the average cost of transactions on your website, whether they’re short or long, high volume or low. I’d advise you to do a little research to see how many people are trading in your target area.
Step 2 – Develop, Build, and Sell Online Portfolios for Your Trading
We’re not going into how to put together a profitable trading platform today. Instead, let’s focus on getting started with a simple online trading platform – one with limited features and few restrictions that don’t require you to be a complete expert.
Once you’ve finished your research, the next step is to create your own website. You’ll find several sites that are worth exploring here on TradingWith.
I use TradeStation, and my first site is called Investing With Trader, which provides all the features I have wanted. It has great tutorials and videos, and is a solid choice for a beginner trader with a limited amount of time.
For more advanced users, there are many more sites that have more extensive features. In addition to the features I just listed, there’s the TradeStation Trade Explorer , which offers a very detailed dashboard of all the trades you’ve made. In fact, I’m an explorer myself and use it everyday to look at my trades and learn more about my trading experience.
Step 3 – Build Your Site in the Right Region
If you want to set up a trading platform, your first step should be to decide on which region to work with. Most likely, you’ll work with one of the following sites:
The easiest way to locate each of the sites I just listed is by using the US Interactive Brokers API . If you’ve got a subscription, check out their API for the trading platform you want to invest in.
Now that you know where to work with an API, I’ll cover how to create a trading account in each region to set up a trading platform. Each account has two accounts – a Trading Account and the Portfolio Account .
The Trading Account
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