South African Traders - Beginners and Introductions | futures.io
futures.io futures trading


South African Traders
Started: by TraderDynamix Views / Replies:1,888 / 18
Last Reply: Attachments:0

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Reply
 
Thread Tools Search this Thread
 

South African Traders

  #11 (permalink)
Trading Apprentice
Singapore
 
Futures Experience: Intermediate
Platform: Rtrader,Zaner 360
Broker/Data: Deep Discount Trading/Rithmic,DeCarley/Gain
Favorite Futures: Future Options
 
Posts: 35 since Sep 2012
Thanks: 46 given, 49 received

Hi DPT,

I've been here just over 2 years now, I wasn't sure of the time zone issues but it actually suits trading the US markets very well, things kick off from around 830 pm till 11-12'ish, so can do a bit of the family thing after work , keep the missus happy before going off to the 'cave' as she calls it to trade.

I did trade from SA, actually back towards the late 90's when we still had to phone the states and give futures orders over the phone, dial-up was still relatively new then. The I left to work in the UK to get more trading capital and then went back for a few years , traded on dial-up - those were interesting telkom bills.

Last time I traded in SA was in March on holiday and with ADSL line was fine for my style of trading.

Reply With Quote
 
  #12 (permalink)
Elite Member
South Africa, Gauteng, Sandton
 
Futures Experience: Advanced
Platform: NinjaTrader, Sierra Chart
Broker/Data: Interactive Brokers / DTN.IQ
Favorite Futures: Futures - Equity Index, Interest Rates
 
Posts: 11 since Jan 2011
Thanks: 8 given, 15 received


Harvard16 View Post
As a Saffa living and trading in Singapore, I really feel for you guys back home, your overhead on a fast connection down there is a big nut to crack just to b/e.

I've got a 100Mbps fibre connection for the equivalent of USD 63/mo, and that includes, basic sat TV package, mobile and land line thrown in.

It's not just telkom, so many people have sown up exclusive rights to services and import goods, that there is just no healthy competition to give the man in the street a fair deal.

Man oh man I wonder when that will happen here, I am looking at bonding 4xDSL lines just to get things up to 16mbs and thats going to be around $400 minimum

Reply With Quote
 
  #13 (permalink)
Elite Member
South Africa, Gauteng, Sandton
 
Futures Experience: Advanced
Platform: NinjaTrader, Sierra Chart
Broker/Data: Interactive Brokers / DTN.IQ
Favorite Futures: Futures - Equity Index, Interest Rates
 
Posts: 11 since Jan 2011
Thanks: 8 given, 15 received



DarkPoolTrading View Post
Good to hear Telkom are working towards 20Mbps and 40Mbps options. But it remains to be seen what the pricing will be like on these. Personally, im not hopeful that it will be affordable for the general public (at least not for a few years after launch).

Check it out:
40Mbps uncapped DSL guaranteed for SA Broadband MyBroadband Tech and IT News

Broaden 40Mbps broadband trial, ISPA tells Telkom Broadband MyBroadband Tech and IT News

40Mbps Telkom VDSL hands-on Broadband MyBroadband Tech and IT News

Thanks for the links there bud, that's going to be so good when its finally available. Not much more info on the Cell_C 4G network but I am sure that will be available early next year if they want it to make an impact.

Reply With Quote
 
  #14 (permalink)
Elite Member
Johannesburg - South Africa
 
Futures Experience: Intermediate
Platform: Self built + Sierra + TWS
Favorite Futures: Stocks and Options
 
DarkPoolTrading's Avatar
 
Posts: 1,020 since May 2012
Thanks: 1,186 given, 1,265 received

Just checking in with any fellow South African traders still around on here. With all the adsl upgrades and price cuts from Telkom over the last year or so, our connectivity options have improved substantially. Obviously nothing compared to the US, asia etc. But getting there...

You donít trade the markets; you only trade your beliefs about the markets.
- Van K Tharp
Reply With Quote
 
  #15 (permalink)
Elite Member
South Africa
 
Futures Experience: Beginner
Platform: Charts:MarketDelta, Orders:Ninja+Jigsaw
Broker/Data: IQFeed
Favorite Futures: ES
 
Posts: 16 since Oct 2013
Thanks: 53 given, 13 received

Latency

Futures Edge on FIO
Hi Guys

I've recently started looking at my connectivity and was wondering how it will shape up if ever I go live.

I currently demo trade the e-mini ES on a 10mbps line (fastest available in my area) with a live DTN IQ data feed.

My ping to Chicago is somewhere in the low 300's.

I am hoping some of you might be able to tell me how what latency's you are currently getting and how, if any, it affects your order entries, and what connectivity you are using.

Reply With Quote
 
  #16 (permalink)
Elite Member
Johannesburg - South Africa
 
Futures Experience: Intermediate
Platform: Self built + Sierra + TWS
Favorite Futures: Stocks and Options
 
DarkPoolTrading's Avatar
 
Posts: 1,020 since May 2012
Thanks: 1,186 given, 1,265 received


Fatfish View Post
Hi Guys

I've recently started looking at my connectivity and was wondering how it will shape up if ever I go live.

I currently demo trade the e-mini ES on a 10mbps line (fastest available in my area) with a live DTN IQ data feed.

My ping to Chicago is somewhere in the low 300's.

I am hoping some of you might be able to tell me how what latency's you are currently getting and how, if any, it affects your order entries, and what connectivity you are using.

Hi,

If you are scalping for ticks every few minutes then you are trying to compete against HFT's. In which case doing that remotely from South Africa is out of the question.

However if you are intraday position trading then you will have no problem.

Keep in mind that provided your orders are held on the server and that you use server held OCO's, then once you've submitted your order it goes into the queue along with everyone else at the exchange. It doesn't matter whether your're in the US, South Africa or on the moon, your order is sitting in the same queue.

Of course if your orders are held on your own PC and only submitted to the market when they are touched, that is another story completely.

Again, if you are not scalping then you will have no problem at all.

Good luck.

You donít trade the markets; you only trade your beliefs about the markets.
- Van K Tharp
Reply With Quote
The following 2 users say Thank You to DarkPoolTrading for this post:
 
  #17 (permalink)
Elite Member
Mossel Bay-South Africa
 
Futures Experience: Intermediate
Platform: Sierra - MT 5
Broker/Data: ActivTrades - Amp - FXCM
Favorite Futures: Forex Futures CFDs
 
Sad Planet's Avatar
 
Posts: 25 since Aug 2010
Thanks: 7 given, 20 received


Fatfish View Post
Hi Guys

I've recently started looking at my connectivity and was wondering how it will shape up if ever I go live.

I currently demo trade the e-mini ES on a 10mbps line (fastest available in my area) with a live DTN IQ data feed.

My ping to Chicago is somewhere in the low 300's.

I am hoping some of you might be able to tell me how what latency's you are currently getting and how, if any, it affects your order entries, and what connectivity you are using.

I alternate between living in Mossel Bay and the US, trading the NQ, and have never had any real issues with latency in either location. The ping here is usually around 200-250 and about 60 in Florida and I never notice a difference. I do trade more forex though these days when I'm in SA because of the time zones and those orders are filled in the UK. And by the way I use Telkom at 4mbps and most of my trading is off 5/15 min charts.

Reply With Quote
The following 2 users say Thank You to Sad Planet for this post:
 
  #18 (permalink)
Elite Member
Johannesburg South Africa
 
Futures Experience: Beginner
Platform: NinjaTrader, MetaTrader
Favorite Futures: Emini ES
 
Posts: 1 since Aug 2016
Thanks: 0 given, 0 received

Hi Guys,

Could we please chat concerning Platforms, data feed and brokerage whilst residing in South Africa.
For instance using NT Platform & NT as Brokerage for futures trading? and if I want to trade JSE stocks which broker to use?

If i could be shown or be put on the right track, it will be appreciated.

Thanks

Reply With Quote
 
  #19 (permalink)
Trading Apprentice
Cape Town South Africa
 
Futures Experience: Intermediate
Platform: Everything
Favorite Futures: Everything
 
Posts: 1 since Oct 2016
Thanks: 0 given, 0 received

Hi guys

I found this forum and thread and I would like to find out of any of you are still active on here?

We are trying to reach out to any prop traders in SA as we are looking to put together an event for professional traders in Jhb next year. We hope to bring out some top local and international speakers/traders and cover a range of topics that traders will find valuable.

Please have a look at our media links to get an idea of what we are trying to achieve:
website: exchange-africa.com
twitter: @_ExchangeAfrica
FB: @ExchangeAfricaforum

Please make contact with us as we would value your input on content and topics that you would find valuable, and if nothing else help create a larger trading community.

Thank you.

Reply With Quote

Reply



futures.io > > > > South African Traders

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

2016 True Edge Awards: Voting is open until Jan 21!

Now
 

An Afternoon with FIO member Massive l

Elite only
 

Anthony Drager: Pulling the trigger with confidence

Elite only
 

Leo Murphy: The Art and Science of Technical Analysis

Elite only
 

FuturesTrader71: Ask Me Anything

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Hi from South Africa DarkPoolTrading Beginners and Introductions 8 July 14th, 2016 05:36 PM
US Increases Pressure on 'Filthy Rich' African Regime Quick Summary News and Current Events 0 June 18th, 2012 05:50 PM
Newt Gingrich wins South Carolina primary stephenszpak News and Current Events 0 January 22nd, 2012 02:08 AM
It's on in South Carolina: Gingrich Comes Out Swinging Quick Summary News and Current Events 0 January 21st, 2012 01:30 PM
Huge South Korea Drill Likely to Infuriate North Quick Summary News and Current Events 0 December 22nd, 2010 03:00 AM


All times are GMT -4. The time now is 11:12 AM.

no new posts
Page generated 2017-01-19 in 0.12 seconds with 20 queries on phoenix via your IP 54.211.249.219