NexusFi: Find Your Edge


Home Menu

 





South African Traders


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one DarkPoolTrading with 6 posts (3 thanks)
    2. looks_two TraderDynamix with 5 posts (0 thanks)
    3. looks_3 Harvard16 with 2 posts (0 thanks)
    4. looks_4 jproux with 2 posts (2 thanks)
    1. trending_up 5,827 views
    2. thumb_up 7 thanks given
    3. group 14 followers
    1. forum 23 posts
    2. attach_file 0 attachments




 
Search this Thread

South African Traders

  #11 (permalink)
Harvard16
Singapore
 
Posts: 43 since Sep 2012
Thanks Given: 57
Thanks Received: 70

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

Can you help answer these questions
from other members on NexusFi?
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Exit Strategy
NinjaTrader
Better Renko Gaps
The Elite Circle
 
  #12 (permalink)
 TraderDynamix 
South Africa, Gauteng, Sandton
 
Experience: Advanced
Platform: Sierra Charts, TT ADL
Broker: Interactive Brokers / DTN.IQ
Trading: Primarily Equity Index and Interest Rates Futures
Posts: 14 since Jan 2011
Thanks Given: 9
Thanks Received: 22


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

Started this thread Reply With Quote
  #13 (permalink)
 TraderDynamix 
South Africa, Gauteng, Sandton
 
Experience: Advanced
Platform: Sierra Charts, TT ADL
Broker: Interactive Brokers / DTN.IQ
Trading: Primarily Equity Index and Interest Rates Futures
Posts: 14 since Jan 2011
Thanks Given: 9
Thanks Received: 22



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.

Started this thread Reply With Quote
  #14 (permalink)
 
DarkPoolTrading's Avatar
 DarkPoolTrading   is a Vendor
 
Posts: 1,036 since May 2012
Thanks Given: 1,244
Thanks Received: 1,326

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...

Diversification is the only free lunch
Follow me on Twitter Reply With Quote
  #15 (permalink)
 Fatfish 
South Africa
 
Experience: Beginner
Platform: Jigsaw
Broker: AMP, CQG
Trading: ES
Posts: 18 since Oct 2013
Thanks Given: 55
Thanks Received: 22

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)
 
DarkPoolTrading's Avatar
 DarkPoolTrading   is a Vendor
 
Posts: 1,036 since May 2012
Thanks Given: 1,244
Thanks Received: 1,326


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.

Diversification is the only free lunch
Follow me on Twitter Reply With Quote
Thanked by:
  #17 (permalink)
 
Sad Planet's Avatar
 Sad Planet 
Mossel Bay-South Africa
 
Experience: Intermediate
Platform: Sierra - MetaTrader 5
Broker: ActivTrades - Amp/Rithmic
Trading: Futures and FX
Posts: 62 since Aug 2010
Thanks Given: 18
Thanks Received: 38


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
Thanked by:
  #18 (permalink)
 Positiveo 
Johannesburg South Africa
 
Experience: Beginner
Platform: NinjaTrader, MetaTrader
Trading: Emini ES
Posts: 1 since Aug 2016
Thanks Given: 0
Thanks Received: 0

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)
ExchangeAfrica
Cape Town South Africa
 
Posts: 1 since Oct 2016
Thanks Given: 0
Thanks Received: 0

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
  #20 (permalink)
 jproux 
Pretoria, South Africa
 
Experience: Beginner
Platform: Sierra Chart
Broker: CTS
Trading: BackTesting This
Posts: 47 since Sep 2016
Thanks Given: 41
Thanks Received: 48


Nice to see other Saffas in Futures.io - Yes, line speeds improved drastically since the 1st thread on this topic. Looking forward to chat to some of you going forward

PS - Anyone on here intraday trading the ALSI?

Reply With Quote
Thanked by:




Last Updated on March 18, 2017


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts