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The cost of getting started scalping futures
Started: by TradingTom Views / Replies:2,620 / 41
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The cost of getting started scalping futures

  #11 (permalink)
Trading Apprentice
Munich Germany
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: Emini ES
 
Posts: 23 since Jan 2017
Thanks: 32 given, 9 received

Thanks Raider, I didn't know there where 2 license keys. I'll keep that in mind.

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  #12 (permalink)
 Vendor: www.orderflowdashpro.com 
North Carolina
 
Futures Experience: Beginner
Platform: NinjaTrader, Tradestation
Favorite Futures: es
 
Posts: 119 since Nov 2011
Thanks: 21 given, 123 received

Honestly, if you are worried about saving $200 on software then you probably don't have enough to trade futures.
Also, I doubt that is an approved use of their software. Most companies offer extra keys because many traders have extra computers and not for sharing among multiple users (for example, we always have offered 1 extra license per subscriber/purchaser for extra machines but not for sharing among users). Futures contracts are large. Even a few order entry mistakes can end up costing a couple thousand dollars.

I'm not sure why you feel you require the things listed because there are other good programs out there and probably cheaper options too. True scalping is also the most difficult type of futures trading there is (to make money from).


Last edited by tpredictor; January 18th, 2017 at 09:07 AM.
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  #13 (permalink)
Elite Member
Canada
 
Futures Experience: Intermediate
Platform: NinjaTrader & Jigsaw
Broker/Data: Rithmic
Favorite Futures: ZB FESX
 
Posts: 75 since Dec 2016
Thanks: 56 given, 33 received


Yeah I found out a bit later that you're not supposed to split the jigsaw keys.. if you're super cost averse or poor then I guess it could make sense, but yeah you're not supposed to.


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  #14 (permalink)
Trading Apprentice
Munich Germany
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: Emini ES
 
Posts: 23 since Jan 2017
Thanks: 32 given, 9 received


tpredictor View Post
Honestly, if you are worried about saving $200 on software then you probably don't have enough to trade futures.

I was already wondering when this might come up and you are right of course.

I do not mind paying any of the above listed once I know that this is the kind of trading I want to do regularly and feel comfortable with.
I do mind paying several thousand dollars for something to try though...

And I don't plan to scam anybody out of a license payment, but knowing there are 2 might give me a chance to find someone who'll let me try it out for a few weeks first.

Hope that makes sense...

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  #15 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
Platform: CQG
Favorite Futures: Futures
 
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TradingTom View Post
I was already wondering when this might come up and you are right of course.

I do not mind paying any of the above listed once I know that this is the kind of trading I want to do regularly and feel comfortable with.
I do mind paying several thousand dollars for something to try though...

And I don't plan to scam anybody out of a license payment, but knowing there are 2 might give me a chance to find someone who'll let me try it out for a few weeks first.

Hope that makes sense...

As for Jigsaw you have the ability to pay the 399 dollars and then ask for a refund within 14 days.

So it's a bit like a trial.


Last edited by xplorer; January 19th, 2017 at 05:22 AM. Reason: correction from 30 day trial
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  #16 (permalink)
Trading Apprentice
Munich Germany
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: Emini ES
 
Posts: 23 since Jan 2017
Thanks: 32 given, 9 received

It says 14 days on their website but thanks for the info.

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  #17 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
Platform: CQG
Favorite Futures: Futures
 
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Posts: 2,379 since Sep 2015
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TradingTom View Post
It says 14 days on their website but thanks for the info.

Yes, my bad, I will amend that post, thanks for letting me know.

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  #18 (permalink)
Market Wizard
Houston TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 1,801 since Dec 2013
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TradingTom View Post
I am kind of shocked at what seems to be the cost of a setup to get started here compared to FX.

The cynical would say that they make the FX trading easy to enter, so there's always a constant flow of new 'customers' to lose their money.

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  #19 (permalink)
Trading Apprentice
Atlanta
 
Futures Experience: Intermediate
Platform: CTS T4; R|Trader
Favorite Futures: ZN, ZB, ES
 
Posts: 20 since Jan 2017
Thanks: 2 given, 8 received

A lot of us former Forex guys come over to Futures to experience real scalping and using a DOM and the benefits of using an exchange vs and over the counter market.

I don't think that you need all of those things to get started. You can typically find a broker who will basically give you a platform for free that will come with a DOM. You don't have to use Jigsaw, although it gives the most information of any DOM but you don't have to use it as you get started.

You should probably just get your feet wet and not use Ninja or Jigsaw and once you know that this is what you want to do, then spend more money-- You might find out that you don't need them.

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  #20 (permalink)
Elite Member
Canada
 
Futures Experience: Intermediate
Platform: NinjaTrader & Jigsaw
Broker/Data: Rithmic
Favorite Futures: ZB FESX
 
Posts: 75 since Dec 2016
Thanks: 56 given, 33 received


Curren futures trader, left the forex market and have been fairing better x 10. Don't trade forex. That's my advice after trading with a bucket shop.


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