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  #7671 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,493 since Sep 2010
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trademyoptions View Post
Hi


From what I can see I need to fund
- Sierra Charting software for a monthly subscription.
- A data feed, either through sierra charts or an external feed.
- Then you will have your brokerage commission and fees which is also through someone else.
- Then possibly a clearing house (unsure about this as it's not part of OTC brokers), also through someone else.

1) Yes, you can pay for it via SC, or in some instances via the trading account.
2) For trading, you would need an external data for execution (CTS, RIthmic, CQG). You may need historical carts from SC via their feed, or not. SC data is a not a must.
3) The FCM of your choice is the one deducting the commissions.

I hope this helps.

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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  #7672 (permalink)
trademyoptions
Adelaide
 
Posts: 5 since Aug 2017
Thanks Given: 2
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mattz View Post
1) Yes, you can pay for it via SC, or in some instances via the trading account.
2) For trading, you would need an external data for execution (CTS, RIthmic, CQG). You may need historical carts from SC via their feed, or not. SC data is a not a must.
3) The FCM of your choice is the one deducting the commissions.

I hope this helps.

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Thanks Matt Z

Happy to go through Optimus. If you could help me set up my live account that would be awesome.

First step I heard I get SC for free or discounted if I trade enough round trips in a month, do you know if this is true and if so can I do this through Optimus?

Second step I have read that CTS maybe the right fit for me, do I go through CTS, SC or Optimus to organise this?

Thirds step I know nothing about clearing houses is this something Optimus organise or can you point me in the right direction.

Thank you for your assistance and I can see that you are very active and helpful on this thread.

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  #7673 (permalink)
trademyoptions
Adelaide
 
Posts: 5 since Aug 2017
Thanks Given: 2
Thanks Received: 0



mattz View Post
1) Yes, you can pay for it via SC, or in some instances via the trading account.
2) For trading, you would need an external data for execution (CTS, RIthmic, CQG). You may need historical carts from SC via their feed, or not. SC data is a not a must.
3) The FCM of your choice is the one deducting the commissions.

I hope this helps.

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Hi

Also what roll does the broker play then if - CTS is the external data feed (unsure what an internal data feed would be then) - SC is the charting software - and lets say AMP is the FCM.

Also if I was to go through AMP do I start up an account and fund it directly with them or through Optimus?

Can't see the reason for the broker or where their cut is in all of this.

Sorry for all of the questions

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  #7674 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,493 since Sep 2010
Thanks Given: 2,441
Thanks Received: 3,791


trademyoptions View Post
Hi

Also what roll does the broker play then if - CTS is the external data feed (unsure what an internal data feed would be then) - SC is the charting software - and lets say AMP is the FCM.

Also if I was to go through AMP do I start up an account and fund it directly with them or through Optimus?

Can't see the reason for the broker or where their cut is in all of this.

Sorry for all of the questions

The data feed is a technology provider, but they are not licensed brokers and they are not authorized to hold your funds.

We are an independent IB. We introduce business to FCMs, and this is our business model.
I do my best to attempt to help traders to match their needs while FCMs provide us with wholesale costs so remain to be competitive. We publish our prices right on our site, so you are more than welcome to shop around and figure out your total cost.

Thank you,
Matt Z
Optimus FUtures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #7675 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,493 since Sep 2010
Thanks Given: 2,441
Thanks Received: 3,791


trademyoptions View Post
Thanks Matt Z

Happy to go through Optimus. If you could help me set up my live account that would be awesome.

First step I heard I get SC for free or discounted if I trade enough round trips in a month, do you know if this is true and if so can I do this through Optimus?

Second step I have read that CTS maybe the right fit for me, do I go through CTS, SC or Optimus to organise this?

Thirds step I know nothing about clearing houses is this something Optimus organise or can you point me in the right direction.

Thank you for your assistance and I can see that you are very active and helpful on this thread.

You are welcome. I suggest getting a demo going first. On our platforms pages, there is a specific CTS/Sierra combo.

If you like the speed and/or execution then we can assist with an account.
Sierra has many connections: CQG, RIthmic, and CTS via Optimus. As a beginner, I am not sure of your frequency, so for starters, any one of them can do. Don't overwhelm your self initially with many decisions. It takes a while to learn a platform and the connection you need due to your location and internet speed. feel free to reach out to me directly via my email. Some of your questions should not be on this thread. I will PM you my email.

Thank you,
Matt Z

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
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  #7676 (permalink)
trademyoptions
Adelaide
 
Posts: 5 since Aug 2017
Thanks Given: 2
Thanks Received: 0


mattz View Post
You are welcome. I suggest getting a demo going first. On our platforms pages, there is a specific CTS/Sierra combo.

If you like the speed and/or execution then we can assist with an account.
Sierra has many connections: CQG, RIthmic, and CTS via Optimus. As a beginner, I am not sure of your frequency, so for starters, any one of them can do. Don't overwhelm your self initially with many decisions. It takes a while to learn a platform and the connection you need due to your location and internet speed. feel free to reach out to me directly via my email. Some of your questions should not be on this thread. I will PM you my email.

Thank you,
Matt Z

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Hi Matt

Can you PM me your email as I can't PM you as I'm new on this thread. I already have a demo and ready to try the execution on live account.

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  #7677 (permalink)
trademyoptions
Adelaide
 
Posts: 5 since Aug 2017
Thanks Given: 2
Thanks Received: 0

Sorry I need one more post till I can PM, sooooooo....... there it was.

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  #7678 (permalink)
Mustang4985
Alexandria, VA
 
Posts: 1 since Aug 2017
Thanks Given: 0
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Greetings. I learned the importance of saving and investing from a grumpy old farmer born at the turn of the last century. I tested the trading waters back in 2006 with "penny stocks". I ended up with just a few pennies more than I started with. Saved a few dollars since then and soon it will be time to test my skills against the S&P E-mini traders.

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  #7679 (permalink)
 abrahamFarrar 
Moore, Oklahoma/USA
 
Experience: None
Platform: Ninja Trader
Trading: Emini ES
Posts: 5 since Sep 2017
Thanks Given: 6
Thanks Received: 2

Complete Newbie here! Just trying to stalk the forums and learn the terminology. At a total lose as to where to start so I'll just be doing a lot of reading, researching, clicking on links and getting lost down rabbit trails until I have some sort of idea what everyone is talking about. Glad to have found the forum and looking forward to what I will learn!

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  #7680 (permalink)
amigosydivisas
Almeria + Spain
 
Posts: 1 since Sep 2016
Thanks Given: 0
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Hi, im trying introduce into trading system.

Thanks to all.

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