NASDAQ Vs NYSE Vs LSE!!! Can Someone Help?

[minhphan2506]

I recently got into a trading firm and they promise to train me for a year. They ask me to compare couple stock exchange markets. Can you pros tell me as a day trader, what are the most important things to compare among the markets? Is it what way the market going? what type of stocks are listed? It would be more understandable for me to compare two stocks.
There's no fee and i will start trading in NASDAQ with their capital after 4-5 months. They say that I will averagely do 200-300 trades per day. Is this possible?? The deal is that i get 40% from whatever I make. Can someone give me a comment on this deal? Thanks a lot.

[Thierry Martin]

I recently got into a trading firm and they promise to train me for a year. They ask me to compare couple stock exchange markets. Can you pros tell me as a day trader, what are the most important things to compare among the markets? Is it what way the market going? what type of stocks are listed? It would be more understandable for me to compare two stocks.
There's no fee and i will start trading in NASDAQ with their capital after 4-5 months. They say that I will averagely do 200-300 trades per day. Is this possible?? The deal is that i get 40% from whatever I make. Can someone give me a comment on this deal? Thanks a lot.

:welcome:) to OnlineTradersForum.com minhphan2506!

Are they charging you to train? Have you checked up on the outfit you are going to "train" with?

[wallstreetsedge]

I recently got into a trading firm and they promise to train me for a year. They ask me to compare couple stock exchange markets. Can you pros tell me as a day trader, what are the most important things to compare among the markets? Is it what way the market going? what type of stocks are listed? It would be more understandable for me to compare two stocks.
There's no fee and i will start trading in NASDAQ with their capital after 4-5 months. They say that I will averagely do 200-300 trades per day. Is this possible?? The deal is that i get 40% from whatever I make. Can someone give me a comment on this deal? Thanks a lot.


as for comparing the 3 exchanges.. nyse has buyers and sellers trading among each other and in case things get out of hand, they trade with a specialist who carries and inventory to prevent drastic movements. the nasdaq however are buyers and sellers trading with market makers.. so basically your playing blackjack in vegas here. now to compare them to lse. first the lse is similar to the nyse, shares trade between buyers and sellers. however the main difference is in the us when shares trade, you pay per share but on the lse you pay per trade - if your trying to move huge blocks in the us, you can break up those blocks into any size and it will still cost you the same. since lse is per trade, it attempts to prevent that. another benefit of the lse is the time difference and that they offer benchmark pricing, if you ever need to pick up or drop shares when the us markets are closed just head to london

basically it sounds like youre working as amarket maker for them, since you have no experience... 40% is pretty good.. normally its 50%+ but like i said, you have no experience.. the 300-400 trades are just the beginning when it comes to making markets. most market makers are executing 1000+ trades but it really depends on whoyoure dealing with

[minhphan2506]

Thanks wallstreetsedge, that's great information you gave. I've been looking aroung and seem like the main different is specialist vs market makers. There's no charge for train. First 3 months will be about basic and advance theory, TI, stimulator. The trainning take 1 year and they say only about 1/3 can become profitable. I would want to ask what's the diff on trading with each other and trading with market makers? Is it like in Nasdaq, the market makers can control the price since they do both side?

[wallstreetsedge]

yep basically your answered your own question

in nyse and lse, buyers and sellers trade with each other. when things get out of hand, the specialist tries to keep things stable

with the nasdaq, market makers dont really care, theyll push the stock in any direction because theyre job is simply to make money on the spreads and they get paid a % of their wins