Hello,
...it is better to donate the money to poor people rather trading with IB(day traders)....no doubt that they are pioneer's in this field ....it is well suited for $ Accounts.....
.....its good to wait for data vendor to come up ,... rather trading with heavy trading cost.
I know exactly how you feel pal.
Someone on this forum asked me if i was a trader ... I was sad informing him "I Was'nt anymore ... I used to be".
Its frustrating trading in India. Specially if you are a day trader. No proper Data Feed or rather Limited genuine data feed vendors. No Support for third party execution platform. Limited support for third party charting tools. Exchange that have a limited basket of Order Type's. You are not allowed to Transfer Foreign Exchange to Trade in Offshore markets.
A Few year back i used to believe this country is slowly but steadily opening up to competition. That we are doing away with Red tapes and protectionist policies, we are opening up to concept of free markets where the strongest and best survives.
Today, i have come to accept the fact that we aint going any place's. We don't want to.
The reason for this whole post ....Fscking Frustration ..... I have been struggling to find a valid combination of A)Data Feed B) Charting tool C)Execution Platform.
I mean, in USA you would have spend the same time evaluating the available options. Here, by Jock, i cant seem to find one .. except IB (Yes, I don't consider ZeroDha-Amibroker Plugin & GlobalDatafeed combo ... as i don't consider AmiBroker as Execution platform).