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I want a killer computer trading setup... Direct access, or???
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I want a killer computer trading setup... Direct access, or???

  #1 (permalink)
Trading Apprentice
SANTA ROSA, CA/US
 
Futures Experience: None
Platform: none
Favorite Futures: stocks
 
Posts: 2 since Aug 2015
Thanks: 0 given, 0 received

I want a killer computer trading setup... Direct access, or???

Hi everyone!

I'm new, have been fake trading on "Howthemarketworks.com" for a few years.
My real capital was invested in my home---my home spiked 80%+ in 3 years --- and we sold it a few months ago.

Now I have a bank account sitting doing nothing while we rent and look for a house.
I have tons of time, no job.
I've read hours and hours of newbie material to scare the hell out of me.
Still I'm ready to move forward.

I'd like to do a combo of larger swing/long trades with most of the cash, a minority of the funds trying my hand at scalping when the moment is right and fits to my plan.

I don't have a platform yet

Here's my questions:

DIRECT ACCESS?
The more I learn about brokers, the more I want Direct Access.
To me, the larger cost seems reasonable for the amount of control you gain from it.

But when I search for Direct Access info, everything online was written or uploaded 2013 or way before...
Did that ship sail?
Are brokers better than Direct Access?

By better I mean comparable accuracy and speed with cheaper cost?

What do I need for DIRECT ACCESS?
I see people with multiple monitor setups - are these windows all opened from the same program and moved to other screens?
Do I need to pay for a charting program in addition to the DA account?

Anyone prefer Direct Access in 2015?

thank you!!!

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  #2 (permalink)
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  #3 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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futures.io (formerly BMT) is almost exclusively futures traders, not forex.

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  #4 (permalink)
Administrator: Retired Backtester
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Big Mike View Post
futures.io (formerly BMT) is almost exclusively futures traders, not forex.

Mike

Maybe the question was for Direct Market Access, for futures and/or stocks?
For swing trades I don't see why DMA would be needed, and I don't see the link between multiple monitors and DMA.

Success requires no deodorant! (Sun Tzu)
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  #5 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received


sam028 View Post
Maybe the question was for Direct Market Access, for futures and/or stocks?
For swing trades I don't see why DMA would be needed, and I don't see the link between multiple monitors and DMA.

Yes I assumed DMA which is why I said we are primarily futures here. But maybe I misunderstood his question. He could be talking about internet connectivity to the exchange with a dedicated lease line vs a typical consumer grade connection.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote

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