Traders International | Trading Reviews and Vendors


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Trading Reviews and Vendors


Discuss and review vendors of commercial trading products, trading rooms and services, trading indicators or third-party paid add-ons




 

Traders International

  #4 (permalink)

Adelaide, South Australia
 
Trading Experience: Beginner
Platform: NinjaTrader
Broker/Data: Mirus/Zen-Fire
Favorite Futures: 6E, FDAX, ES
 
Meggs's Avatar
 
Posts: 19 since Jul 2009
Thanks: 3 given, 27 received

Buying others "systems"...

Hi folks,
A few words about "buying" others systems. Do they offer you value for money? What do you actually get for your $$$$ (4 dollar signs used deliberately)? Are there any recurrent costs i.e. monthly fees, subscriptions etc and what do you get for these costs? Do they use a specific broker and what are the quoted commissions? Do you have to use a defined trading DOM or charting package? Are there proprietary indicators and how are they distributed? How do they calculate their rate of return? Do they conveniently forget about commissions in their sales pitch? I'm sure there are lots of other questions that should be asked. Then again some people will be happy to spend the money and I'm OK with that too.

Seems to me there are lots of "systems" available for purchase and the web sites generally have pictures of big yachts moored near tropical islands... (sigh)...

Meggs

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