Is Disnat good for day trading?
- Asked By
- Updated On:17-Dec-2022
- Replies:1
Short Answer
Day trading is buying and selling shares actively within the same trading day. Disnat Direct trading platform is well suited for day traders.
Detailed Answer
What is Disnat?
The full form of Disnat is Desjardins online brokerage account. It is one of the first discount brokerage accounts in Canada. The platform offers access to both US and Canadian markets. It is a member of CIPF and is regulated by IIROC. It offers both non-registered accounts and registered accounts such as TFSA, RESP, RRIF, LIRA, LIF etc. Individuals, association of people investment clubs, co-operatives, sole traders, proxies, trusts, private foundations, estate, NPOs etc can open an account with Disnat. The platform offers investments such as stocks, options, structured notes, new issues, mutual funds, bonds, T-bills, GICs etc.
Features of Disnat
The account offers two platforms - Disnat classic and Disnat Direct.
**Disnat Classic **
- You get access to research information from Trading Central, Desjardins Wealth Management Securities and Morningstar.
- You get instant news notifications via daily podcasts, news notifications and exclusive publications.
- You get training programs and courses.
- Access to socially responsible investments
- You can trade in mobile apps and in online log-ins.
- Real time quotes
- Easy navigation of trading screen
- Access to level 1 market data.
Disnat Direct
• Web application
• Platform compatible with Safari
• Customisation of charts
• You can view unlimited number of charts, watchlists and streaming,
• Access to level 1 and level 2 market data.
• Technical analysis of markets
Is Disnat good for day trading?
Day trading is buying a share on a particular trading day and selling the same shares on that day, in order to take advantage of price movements. Given the tools offered by Disnat, speed of the platform, ease of use of the trading application, real time information, access to research, trading fees and commissions, Disnat can be used by day traders. Within the account, Disnat Direct of well suited for active traders as it streams real time market data and charts.
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Discussion (0)
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