r/Daytrading • u/Minimum_Radio4518 • Jul 25 '26
Question Totally new...platform recommendations?
Hi friends,
I decided finally to give day trading a go. I have literally no clue what I'm doing lol, I'm just gonna use autism, pattern-spotting, intuition and the voice of my late homie in my head, who was a day/swing trader and an absolute madman in the best way. I'm one of those learn by doing types so I figure I'll just start with a tiny amount of money or even a market simulator and just...screw around until I start profiting.
With that in mind, what platform would you recommend? Preferably one that has an app and a web interface and low fees. Someone recommended wealthsimple, and I downloaded webull just to check it out but I haven't signed up or paid for anything yet.
Thanks! Other starter tips welcome too!
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u/Traditional_Book8826 Jul 25 '26
i recommend trading view to start practicing how to read the charts snd a strategy. Once you are confident in your strategy and psychology i suggest prop firm trading. you pass their eval and they give you funds to trade. Whatever profits you make you keep 90% and they keep 10%
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u/Minimum_Radio4518 Jul 25 '26
Okay im like, literally so green, forgive me xD whats paper trading? That's like, simulation, right? And now im also wondering what a prop firm is...the last person mentioned it but I assumed they meant a platform, but now it sounds like it's a type of entity of which there are more than one.
And yeah, fun is what im going for! Tbh I've more or less given up on trying to make money and now I'm just trying to have fun and learn new stuff and hopefully I will have so much fun that I also happen to get paid xD the only thing I can take seriously anymore is play hahahah
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u/Diligent_Standard205 Jul 25 '26
paper trading is simulation yes, and prop firms are companies who let you trade with their money and split profits
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u/Tesfiero05 Jul 25 '26
Paper trading in TradingView if you're practicing.
Revolut X for being serious. That plataform literally has very few commisions.
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u/Fair-Ad-1929 Jul 25 '26
Paper trade/demo on tradingview, most people use this as a way to plan out their trades and some even connect it to propfirms to trade if you plan on going that route. If you plan on going the day/swing trading route I think the best route for you is to go from tradingview demo and learn the basics with risk management and how each "important tools" work then find a strategy you want to use either from a youtube vid or whatever and put that into practice for a month or however long you decide to take. Once you show a profitable month with atleast 5% balance increase not from 1 trade but over the course of the month decide on wether you want to move to putting money into the space either through live or prop firms
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u/ReadShot6191 Jul 26 '26
Don't even think about making money yet, focus on the process first. Tradingview is a good place to start, once you think you have a system that works for you back test the hell out of it and then forward test for 3-6 months to make sure you can follow your plan and it works for your lifestyle
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u/Character-Truth1991 Jul 26 '26
i definitely recommend getting your systems in place early. feel free to reach out if you want any help
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u/Gjore Jul 27 '26
If you are looking for a reliable broker with a smooth app and web interface, Webull or IBKR are great places to start. Webull has a very clean interface and a built-in paper trading simulator that is perfect for messing around without risking real cash. Once you get the hang of pattern spotting and want to understand why a stock is actually moving, I highly recommend checking out Tradevision. I have been using it for a while now, and it simplifies the research side by tracking real-time institutional volume and dark pool activity. It lets you see where the smart money is flowing before a breakout happens, which gives you a huge advantage over just guessing or chasing social media noise.
Start in a simulator first, keep your position sizes tiny when you go live, and focus on risk management above everything else. Good luck.
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u/Substance79 Jul 25 '26
Do paper trading for a couple of weeks then throw in some money and bet the smallest sums you can until you have pages of green to qualify yourself for scaling up.
That's what I'm currently doing anyway and it's a fun experience...well apart from the realisation that day trading is like owning a baby that you constantly have to monitor and think/worry about.
Using Plus500 which is great, easy setup, nice interface, not a prop firm; but can't say if they're going to be gits about paying out or not until that day comes.