The use of a
Direct Access Trading (DAT) system, such as that from SpeedTrader, is essential for the day trader looking for a real-time trading solution. Conventional online brokers can result in the slow execution of orders because of middle-men, whereas DAT systems allow one to trade stocks directly into the market in real-time.
Also, free DAT system simulators allow one to practice trading in a safe, simulated environment. This is essential for beginners in day trading as you can test equity strategies without opening an account and without risking any capital. Simulators also let you test drive the DAT system software before opening an account.
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