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Nasdaq

Nasdaq brokers offer trading on a key American stock exchange that acts as a benchmark for technology stocks. This guide will share tips for comparing online brokers that offer trading on the Nasdaq with a list of the top platforms in 2024. It will also detail how the Nasdaq operates, including trading hours, performance, and rules. In addition, we explain how to start day trading on the Nasdaq, from trading brokers to charts, graphs, tickers, and strategy considerations.

Nasdaq Brokers

These are the 5 best brokers for trading on the Nasdaq:

  1. AvaTrade
  2. Deriv.com
  3. Pepperstone
  4. XM
  5. IC Markets

#1 - AvaTrade

Why We Chose AvaTrade

AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, alongside a comprehensive education center and multilingual customer support.

"AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting
  • Regulator: ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM
  • Platforms: WebTrader, AvaTradeGO, AvaOptions, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail) 1:400 (Pro)

Stock Exchanges

AvaTrade offers trading on 15 stock exchanges:

  • Australian Securities Exchange (ASX)
  • Borsa Italiana
  • Deutsche Boerse
  • Euronext
  • Hang Seng
  • IBEX 35
  • Japan Exchange Group
  • London Stock Exchange
  • Nasdaq
  • Russell 2000
  • SIX Swiss Exchange
  • Shanghai Stock Exchange
  • Shenzhen Stock Exchange
  • Taiwan Stock Exchange
  • Toronto Stock Exchange

Pros

  • Day traders can access stable spreads and zero commissions with no hidden fees
  • There's a great range of fee-free deposit methods, including bank wire, credit cards and popular e-wallets like Skrill
  • The broker offers reliable 24/5 multilingual customer support with fast response times during testing

Cons

  • There is no ECN account with raw spreads
  • There’s an above-average $50 inactivity fee after three months, though this won't impact active day traders
  • It’s a shame that there are no rebate schemes for serious traders looking for additional perks - CMC Markets would be a better choice here
Visit AvaTrade

#2 - Deriv.com

Why We Chose Deriv.com

Deriv.com is a low cost, multi-asset broker with over 2.5 million global clients. With just a $5 minimum deposit, the firm offers CFDs, multipliers and more recently accumulators, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house charting software and the hugely popular MetaTrader 5.

"Deriv.com will suit day traders looking to make fast-paced trades using CFDs and multipliers with high leverage up to 1:1000. The broker is also the industry leader in synthetic indices, which simulate real market movements and are available around the clock. "

- DayTrading Review Team
  • Instruments: CFDs, Multipliers, Forex, Stocks, Indices, Commodities
  • Regulator: MFSA, LFSA, VFSC, BFSC
  • Platforms: Deriv Trader, MT5
  • Minimum Deposit: $5
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:1000

Stock Exchanges

Deriv.com offers trading on 5 stock exchanges:

  • Australian Securities Exchange (ASX)
  • Dow Jones
  • Japan Exchange Group
  • Nasdaq
  • New York Stock Exchange

Pros

  • The low $5 minimum initial deposit suits those on a lower budget
  • Beginners and experienced day traders can access a good range of 20+ technical indicators in Deriv Trader vs 30+ in MT5
  • There's a good range of fast deposit and withdrawal methods with zero payment fees and low minimum deposits

Cons

  • There's no loyalty program or rebate scheme for high volume traders
  • The range of 100+ assets trails some competitors such as Quotex which offers 400+
  • There are limited copy trading tools and analysis features compared to alternatives like IQ Cent
Visit Deriv.com

#3 - Pepperstone

Why We Chose Pepperstone

Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.

"Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
  • Regulator: FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
  • Platforms: MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
  • Minimum Deposit: $0
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail), 1:500 (Pro)

Stock Exchanges

Pepperstone offers trading on 22 stock exchanges:

  • Australian Securities Exchange (ASX)
  • CAC 40 Index France
  • DAX GER 40 Index
  • Deutsche Boerse
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hang Seng
  • Hong Kong Stock Exchange
  • IBEX 35
  • Japan Exchange Group
  • Korean Stock Exchange
  • London Stock Exchange
  • Nasdaq
  • New York Stock Exchange
  • Russell 2000
  • S&P 500
  • SIX Swiss Exchange
  • Shanghai Stock Exchange
  • Shenzhen Stock Exchange
  • Taiwan Stock Exchange
  • Toronto Stock Exchange

Pros

  • There’s support for a range of industry-leading charting platforms including MT4, MT5, TradingView, and cTrader, catering to various short-term trading styles, including algo trading.
  • Now offering spread betting through TradingView, Pepperstone provides a seamless, tax-efficient trading experience with advanced analysis tools.
  • Award-winning customer support is available via telephone, email or live chat with response times of <5 minutes during testing.

Cons

  • Pepperstone does not support cTrader Copy, a popular copy trading feature built into the excellent cTrader platform and available at alternatives like IC Markets.
  • Pepperstone’s demo accounts are active for only 30 days, which may not be not long enough to familiarize yourself with the different platforms and test trading strategies.
  • There’s no simplified proprietary trading platform, nor are there any social trading features, which could be a disadvantage if you are new to day trading.
Visit Pepperstone

#4 - XM

Why We Chose XM

XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.

"XM is one of the best forex and CFD brokers we have tested. The flexible account types will suit a variety of short-term trading styles while the $5 minimum deposit and smooth sign-up process make it easy to start trading."

- DayTrading Review Team
  • Instruments: Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures
  • Regulator: ASIC, CySEC, DFSA, FSC, FSCA
  • Platforms: MT4, MT5
  • Minimum Deposit: $5
  • Minimum Trade: 0.01 Lots

Stock Exchanges

XM offers trading on 14 stock exchanges:

  • Australian Securities Exchange (ASX)
  • Borsa Italiana
  • CAC 40 Index France
  • DAX GER 40 Index
  • Deutsche Boerse
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hang Seng
  • IBEX 35
  • Japan Exchange Group
  • Nasdaq
  • S&P 500
  • SIX Swiss Exchange

Pros

  • XM is a hugely respected broker authorized by tier-one regulators
  • 1000+ instruments are available, including recently added thematic indices, providing exposure to emerging industries
  • The broker offers premium research including market sentiment, fundamental insights and strategy builders

Cons

  • There's $5 inactivity fee after only 3 months, though this won't affect active traders
  • There is weak regulatory oversight through the global entity
  • PayPal deposits are not supported
Visit XM

#5 - IC Markets

Why We Chose IC Markets

IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.

"IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
  • Regulator: ASIC, CySEC, FSA
  • Platforms: MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade
  • Minimum Deposit: $200
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)

Stock Exchanges

IC Markets offers trading on 12 stock exchanges:

  • Australian Securities Exchange (ASX)
  • CAC 40 Index France
  • DAX GER 40 Index
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hang Seng
  • IBEX 35
  • Nasdaq
  • New York Stock Exchange
  • Russell 2000
  • S&P 500

Pros

  • As a tightly regulated and widely respected broker, IC Markets prioritizes client security and transparency, helping to ensure a reliable trading experience globally.
  • IC Markets offers among the tightest spreads in the industry, with 0.0-pip spreads on major currency pairs, making it especially cost-effective for day traders.
  • You have access to over 2,250 CFDs across various markets, including forex, commodities, indices, stocks, bonds, and cryptocurrencies, allowing for diversified trading strategies.

Cons

  • While IC Markets offers a selection of metals and cryptos for trading via CFDs, the range is not as extensive as brokers like eToro, limiting opportunities for traders interested in these asset classes.
  • Despite four industry-leading third-party platforms, there is no proprietary software or trading app built with new traders in mind.
  • There are fees for certain withdrawal methods, including a $20 wire charge, which can eat into profits, especially for frequent withdrawals.
Visit IC Markets

Comparing Nasdaq Brokers

Before you start day trading on the Nasdaq exchange, you will need to choose an online brokerage. Brokers with access to the Nasdaq will facilitate your trades and provide you with the assistance and tools you need to start generating profits. However, with so many Nasdaq brokers out there, what should you look for when you’re shopping around for the best platforms?

Importantly, the right Nasdaq brokers can compliment and enhance your investing performance. In contrast, the wrong online brokerage could quickly see you sink into the red.

wall st sign

What Is The Nasdaq?

The straightforward definition – Nasdaq is a global electronic marketplace, where you can buy and sell securities. It also stands as a benchmark index for US technology stocks. The term ‘Nasdaq’ is often used in reference to the Nasdaq Composite.

This is an index of over 3000 listed stocks listed on the Nasdaq Exchange. Of the top dozen or so components, you will find some of the world’s most infamous and influential businesses, from Google (GOOGL) and Amazon (AMZN) to Uniqure (QURE) and Wynn Resorts (WYNN).

By June 2015, the Nasdaq Stock Market had achieved an impressive annual growth rate of 9.24% since it opened in February 1971. However, since coming out of the rescission in June 2009, it has increased by around 18% per year. The best Nasdaq brokers offer rich historical data on the exchange.

History

Early History

Nasdaq was founded in 1971 by the National Association of Securities Dealers (NASD). Then the NASDAQ acronym stood for the National Association of Securities Dealers Automated Quotations.

When it began trading on February 8, 1971, it was the first ever electronic stock market. Admittedly, it was simply a quotation system to start with and could not facilitate electronic trades. However, the Nasdaq Stock Market helped to lower the spread (the difference between the bid price and ask price of a stock). This attracted resentment from brokerages who generated much of their earnings from the spread.

As the years have passed, the Nasdaq has become more of a stock market by introducing trade and volume reporting, plus automated trading systems. It became the first stock market in the US where you could trade online. It confidently proclaimed itself “the stock market for the next hundred years”.

Recent History

The Nasdaq of today is a far cry from the humble beginnings of the early years. It separated from the NASD and in 2006 it started operating as a national securities exchange. The following year it combined with the Scandinavian exchange group ‘OMX’, to form the Nasdaq OMX group.

This move saw the Nasdaq OMX group become a global powerhouse and the largest exchange company and listing center. Today, data shows it powers a staggering one in ten of the world’s securities transactions.

In addition, from its headquarters in New York, the Nasdaq OMX operates in twenty-six markets. The bulk of which, are:

It also boasts three clearinghouses, plus five central securities depositories across the US and Europe. Its sophisticated technology has seen it be adopted by seventy exchanges, in fifty countries. Today its electronic trading model acts as the standard for markets across the world and is explained on every continent. It is perhaps no surprise then that in the technology boom of the 1980s and 1990s, many of the world’s technology titans opted to list on the Nasdaq.

Since 2002 you will see its stocks listed on the Nasdaq with the symbol NDAQ. Also, from 2008, it has been a part of the S&P 500.

Key Dates

The US Nasdaq Stock Market had an important year in 1992. It joined with the London Stock Exchange to create the first intercontinental linkage of securities markets. Then, in 2002, the National Associate of Securities Dealers split from the Nasdaq Stock market to become a publicly traded company.

Below are some more important dates in the Nasdaq timeline:

Nasdaq Live Price Chart

INDEX-NASX Chart by TradingView

Indices

The main index list is the Nasdaq Composite, which has been published since its creation. It is also worth noting, however, its exchange-traded fund has tracked the large-cap Nasdaq-100 index since 1985. This was published alongside the Nasdaq Financial Index which ranks the largest one hundred companies by market capitalization.

In terms of performance, the Nasdaq Composite index surged in the late 1990s but plummeted as a result of the dot-com bubble. Many of the best Nasdaq brokers offer market data and financial metrics into key trends in the index.

Nasdaq-100

In essence, the Nasdaq-100 Index contains the 100 most actively traded US companies listed on the Nasdaq stock exchange.

It is a capitalization-weighted index. The weight of index-listed stocks are calculated using their market capitalizations, but also by applying specific rules. These rules are designed to limit the influence of the largest constituents. Quarterly Nasdaq reviews will adjust weightings if distribution stipulations aren’t being adhered to.

Formulation

It primarily contains companies from the following industries:

Facts and figures show the technology sector is responsible for a massive 54% of the index’s weight. After that, consumer services, such as restaurants and retailers take up the next biggest slice. Their size can be partly attributed to the growth of retail giant Amazon.

The smallest slice of the pie is formed by the healthcare industry and telecommunications. However, there remain other big players, such as Vertex Pharmaceuticals (VRTX).

It is also worth highlighting, it does not contain any financial companies, such as investment and commercial banks. Instead, these will be found on separate indices. This distinguishes it from S&P 500 brokers.

QQQ

The Nasdaq-100 is traded through the PowerShares QQQ trust. This has been formulated to track the performance of the 100 largest listed companies on the Nasdaq exchange. There are certain admission rules that must be met. Each company in the trust has to be a member of the Nasdaq 100, plus be listed on the broader exchange for a minimum of two years. There also exists criteria around liquidity.

Having said that, there are certain exceptions. Admittance can sometimes be granted to newly public companies with abnormally high market capitalizations. On top of that, listed constituents on the stock index must also have an average daily trading volume of 200,000. They must also have publicly reported earnings both quarterly and annually.

If a company has bankruptcy issues, they will be excluded from the PowerShares QQQ trust. You may find at times that the trust and index do not quite mirror each other. However, the objective of the QQQ remains to monitor both the price and performance of the underlying index.

Record Values

Performance results and new highs are continuously tracked and announced at Nasdaq brokers. Currently, the all-time highs are as follows:

These recent results have produced both Nasdaq winners and losers, who have either generated impressive returns or suffered significant losses at the hands of volatile stocks.

On top of the well known Nasdaq-100 index, there also exits other important lists within the Nasdaq umbrella. Look out for Nasdaq brokers that also offer these opportunities. These include:

Market Tiers

Put aside the Nasdaq q-50 index ETF for a minute. The Nasdaq Stock market consists of three straightforward market tiers:

Nasdaq OMX 100 Index

This list is comprised of the 100 largest companies listed on the Nasdaq OMX group exchanges in the United States and the Nordic countries. Since it was introduced in March 2008, it was poised to be a global index, listing in both US dollars and euros. Calculations are listed in real time and stocks include heavy hitters such as Cisco and Danske Bank.

Some of the top Nasdaq brokers also offer access to the international index.

Nasdaq Composite Index

Here you will find a market capitalization-weighted index with around 3,000 popular equities that are listed on the Nasdaq Stock Exchange. Commonly listed securities include:

This index is different from others in that it is not restricted to companies that have US registered headquarter addresses. Companies base locations can span across the world.

The index’s value equals the total value of the shares weights of each constituent security, multiplied by each security’s last price. Then, the total is modified by dividing by an index divisor. This amends the value to a more straightforward figure for reporting and broadcasting purposes. This calculation is reported each second and a final value is announced at 16:16 each trading day.

Nasdaq 100 vs Nasdaq Composite

Both indexes are commonly confused with each other. The Nasdaq Composite is often referred to as just ‘The Nasdaq’ and is quoted more in the mainstream media than the Nasdaq-100.

However, it is important to point out some crucial differences between the Nasdaq Composite and the Nasdaq-100. The Composite includes around 3,000 stocks that are traded on the Nasdaq exchange. Whereas, the Nasdaq-100 is a far smaller, subdivision, that includes around 100. The Nasdaq-100 is responsible for 67% of the total market capitalization of the Nasdaq Composite.

The Nasdaq-100 is a modified capitalization-weighted index. This methodology, created in 1998, enables Nasdaq brokers and the exchange to limit the impact of large companies, affording greater diversity.

Trading Hours

The Nasdaq Stock Market sessions in eastern time are:

It is 14:30 to 21:00 for those looking for the Nasdaq normal operating hours in GMT. This means for day traders in the UK or Europe, a significant part of the day will take place in the afternoon. Also note, trading can get choppy around 17:00 to 19:00 GMT when it is lunchtime in the US. Key times for specific securities will be listed on Nasdaq brokers’ websites.

Nasdaq Rules

Admission

Over time Nasdaq has introduced an array of demanding requirements that companies must meet in their listing application before they can be included in the index. Some of the most important standards are as follows:

Changes

Nasdaq velocity and forces see to it that the list of Nasdaq companies changes regularly. Delisting can occur when constituents declare bankruptcy, merge, transfer to another exchange, or fail to meet application listing requirements.

Apart from that, rankings are only changed once a year, in December. Nasdaq makes this determination using two factors:

Constituents ranked 101 to 125 only remain if they made the top 100 of the previous year’s annual review. Companies that fail to move into the top 100 in the next year’s review, will automatically be dropped.

When a company doesn’t make the top 125, they are demoted, regardless of their previous year’s ranking. If a company fails to achieve an index weighting of at least one-tenth of a percent after two consecutive months, they will also be dropped.

Uplisting requirements are relatively straightforward. Companies with the greatest market value who do not already feature in the index will replace the losers. It’s worth noting, predictions and forecasts as to who will be this year’s upgrades and movers, can all lead to stock price fluctuations at Nasdaq brokers.

A press release announcing changes will be given at least five business days before changes are scheduled to be made. Therefore, 2018 re-ranking results were announced on December 14th. Changes then took place on December 24th. Look out for scheduled dates within your Nasdaq brokers economic calendar.

Nasdaq Vs Dow Jones

You will often hear the term ‘the market’ used in discussions about both the ‘Nasdaq’ and the ‘Dow’. This has lead to confusion and a misunderstanding of how the two are different.

Firstly, the famous figure most commonly reported in business news reports is the Dow Jones Industrial Average (DIJA). It provides a strong indicator of how the overall stock market is performing.

The problem is, both terms refer to an index or average data derived from price movement within certain stocks. When you hear people saying ‘the Nasdaq is down’, they are referring to the Nasdaq Composite Index.

The DIJA tracks the performance of just 30 companies who are thought to be the major players in their respective industries. The Nasdaq Composite, however, tracks around 3,000 to 4,000 stocks listed on the Nasdaq exchange.

The DIJA is primarily concerned with companies on the NYSE and includes only a few Nasdaq stocks, such as Apple (AAPL), Cisco (CSCO), and Intel (INTC).

So, despite both referring to market indices, only the Nasdaq refers to an exchange where you can actually purchase and sell stock. However, strictly speaking, you cannot trade the Dow or Nasdaq indices. The indexes are just mathematical averages used by individuals to paint a clear picture of the stock market. What you can do, however, is purchase 100 index funds or exchange-traded funds, which are securities that track the indexes at Nasdaq brokers.

Biggest Players

So, who are the greatest movers and shakers that dominate volumes at Nasdaq brokers? Below you will find ten of the current heavyweights, their market capitalizations and 100 tickers.

  1. Apple Inc. (APPL) – $890.23 billion
  2. Google Inc. (GOOGL) – $771.43 billion
  3. Microsoft Corporation (MSFT) – $680.35 billion
  4. Amazon.com Inc. (AMZN) – $592.29 billion
  5. Facebook Inc. (FB) – $542.95 billion
  6. Intel Corporation (INTC) – $209.38 billion
  7. Cisco Systems Inc. (CSCO) – $195.45 billion
  8. Comcast Corporation (CMCSA) – $191.81 billion
  9. Pepsico Inc. (PEP) – $168.77 billion
  10. Amgen Inc. (AMGN) – $131.14 billion

All of the above boast massive net worths. Although, if you want to day trade any of these stocks, it warrants a careful strategy, as competition and risk are high. Your timings need to be accurate, as historical Nasdaq trading halts and patterns may not repeat going forward. Many of the top Nasdaq brokers will offer detailed insights into leading stocks, along with key financial metrics.

We are often asked for “the best stocks on the Nasdaq” or “the best Nasdaq stocks to buy today” – when it comes to short term trading, you need liquidity and some level of volatility (you can not trade static prices). So for those reasons, the above equities are the most frequently traded. So there is no ‘best stock’ to trade, but the larger volumes suit shorter term trades most.

Why Trade The Nasdaq?

Forget dividend stocks, mutual funds and leveraged ETFs for a minute. What, if any, are the main reasons to focus your trading attention on Nasdaq brokers and assets?

How To Start Day Trading The Nasdaq

Strategy

Once you have selected from the list of top Nasdaq brokers, you can start investing. The cost of day trading Nasdaq stocks can quickly rack up if you do not have an effective strategy. In today’s world of stock charts and market data, the importance of utilizing effective technical analysis is vital.

Quite simply, the right chart will paint a clear picture of historical price data, highlighting patterns that will enable you to better predict future price movements. Your trading platform via Nasdaq brokers, be it MetaTrader 4 (MT4), or an alternative, should allow you create an array of graphs and charts. It is worth making sure you can access strong trend tracking and comprehensive price history, plus information on company economics at Nasdaq brokers. All of which, if used correctly, could bolster your performance. Whichever terminal is your preference, ensure it is reliable and stable as it is your gateway to the market.

For detailed fundamental analysis guidance, see our charts, patterns, and strategy guides.

Stock Screening

One of the best things about day trading with the Nasdaq Index is that in many ways, you can trade it just like you would commodities, forex, the FTSE, or the CAC 40 index. This is because ultimately, you are trading against people, who are predictable.

The biggest hurdle though isn’t getting your head around the Nasdaq 20 and 5635 rules, or 100 heat maps and 5-year graphs. Instead, it’s ascertaining which stocks to trade via Nasdaq brokers. Which of the thousands of opportunities will provide you with most profit potential?

Do you opt for popular stocks like Facebook or Nike? Alternatively, do you stick to IPOs and hope to profit from the brief hype? Whatever your strategy, finding the best day trading stocks is half the battle. Fortunately, several of the best stock screening techniques have been outlined below.

1. Use Pre-market Movers

Pre-market movement throws many day traders. A stock could be up 5% in the pre-market, only to open up 1% when the opening bell rings. A combination of price shifts and minimal volume is often to blame.

So, be at your desk scanning stocks with plenty of time before the session begins. Look for the following:

Typically Nasdaq brokers should offer you a selection of pre-market movers. However, if they do not, or you want to try another resource, below are some popular alternatives:

2. Utilize Volume

If you have plenty of funds in your account, you want to be looking for stocks that enable you to enter and exit positions with ease. Some people like to use 35,000 shares per 5-minute bar as a minimum.

Nasdaq brokers will normally provide you with a volume chart, showing history, leaders, and highlighting any unusual volume patterns. However, you may find the list contains just the top twenty or so stocks. This is where an abundance of day traders will be.

The solution – broadening your search to investigate opportunities that aren’t on the radar of every other day trader.

It’s also worth pointing out that you want stocks that are increasing in volume compared to themselves. A stock that normally trades at 1.5 million shares a day, but has 4 million shares traded before 10:00 is something to take note of.

If Nasdaq brokers fail to provide a thorough screener for high volume stocks, consider the highly regarded alternatives below:

The best stocks to trade with Nasdaq brokers are those with increased volume.

3. Monitor Earnings Calendars

If you’re looking for a volatility trigger, an earnings report is ideal. Whilst you don’t want to enter a position before the earnings announcement, you do want to have an idea of who is likely to move. You can then add these to your watch list. All of the websites below publish earnings calendars which are often integrated into Nasdaq brokers’ platforms:

4. Develop A Niche

Technology giants and retailers dominate the Nasdaq weightings. So, focus on an industry and track the movement of top issues. See how a couple of the top stocks trade, follow their movements and you’ll be in a better position to predict price fluctuations in future at Nasdaq brokers.

However, it’s worth noting those that are always found at the tops of indices do not necessarily make the best investment decisions. They put you in close competition with thousands of other day traders. Instead, consider opting for companies such as Paypal (PYPL), Tesla (TSLA), or IBM, for example.

Unfortunately, those who opt for the jack of all trades, master of none approach, often find themselves out of pocket.

Nasdaq Brokers Day Trading Tips

Rise & ShineNasdaq brokers trading hours

Those high Nasdaq historical returns are harder to come by today. No longer can you get to your desk at 09:15 to start the day. The market speed is increasing, with a surge in volume from hedge funds.

As a result, premarket hours have become essential. You need to be up and prepping for the trading session ahead at around 08:00. This allows you enough time to conduct your morning research, check yesterday’s performance, configure your monitors, and decide which stocks you will actively track for the day. The top Nasdaq brokers may also permit extended hours trading meaning you can buy and sell securities when major markets are closed.

Demo Account

Every market moves in a different way and is home to its own unique nuances. That’s why switched on day traders will practice with a demo account. Many Nasdaq brokers provide this service free of charge. Demo accounts are usually funded with simulated money. This means you don’t have to risk real capital until you feel confident.

A Nasdaq market simulation is the perfect place to craft a strategy and test a platform. Then when you’re turning consistent profits by the closing bell each day, you can upgrade to a real-time account at brokers that support trading on the Nasdaq.

News

One of the biggest catalysts for price movements in the Nasdaq indices are news announcements. So, staying tuned into the news is essential, as successful day trader David Rogerson has highlighted. If you can react to the news before most of the market, you have got your edge. Thankfully, there is now a vast array of news sources out there at Nasdaq brokers and beyond. To name just a few popular websites:

News websites and Nasdaq brokers can often provide economic calendars too. This allows you to track quarterly earnings, plus yearly charts and returns.

Traders who fail to keep up to date with the news, often find themselves lagging behind on trading days, making costly mistakes and missing opportune moments. You want to be up to date with investor relations, IPO calendars, and other ventures of interest. Look out for Nasdaq brokers that integrate these into their services and tools. Being able to access all this information at the click of a button will be advantageous.

Educational Resources

Successful trader Paul Tudor Jones correctly asserted, “The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.” Markets and instruments evolve and you must adapt alongside them. In today’s digital world, you have access to a multitude of invaluable resources that can help enhance your performance. To name some of the most beneficial resources out there:

The top Nasdaq brokers will provide a variety of resources and content within their platforms. Interactive Brokers, for example, hosts a full training academy, suited to both new and experienced day traders. Topics include a full keyword glossary, podcasts, blog posts and short videos.

Nasdaq Websites

On top of the above educational resources available via Nasdaq brokers and internet sources, there now exists a number of Nasdaq specific websites that offer a whole host of data, information, and explanations. They could help you with:

Automation

One of the top Nasdaq brokers tips is to explore automated trading once you have an effective strategy. Once you’ve ironed out any creases, algorithms and robots can execute trades on your behalf. They act on the pre-determined criteria, saving you time and potentially increasing your profits. This is because an automated system can make far more trades than you ever could manually.

Journal

A journal is a fantastic way to monitor and improve your trading performance. You can use an Excel spreadsheet as your journal or some Nasdaq brokers permit notes to be made within a client dashboard. Note down the following:

What’s the meaning of all this? With this data laid out in front of you, it’s far easier to compare this with your earnings calendar to identify where and why you are going wrong. Those without Nasdaq diaries can go on trading for many months, sacrificing profits, before they hone in on the problem.

Practise trading within a Nasdaq brokers’ demo account offering. Finesse a strategy and trade completely risk-free with virtual funds.

Final Word On Nasdaq Brokers

Despite blockchain and Bitcoin dominating the news of late, the Nasdaq indices continue to house some of the most powerful and influential companies in the world. Therefore, it is little surprise to learn an increasing number of day traders are looking to try their hand at Nasdaq brokers.

However, to maintain an edge and secure those high returns, you will need to utilize the range of resources available to you. Compare Nasdaq brokers suited to your investment needs and develop an intelligent and effective strategy.