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The cost of getting started scalping futures


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The cost of getting started scalping futures

  #11 (permalink)
TradingTom
Munich Germany
 
Posts: 32 since Jan 2017
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Thanks Raider, I didn't know there where 2 license keys. I'll keep that in mind.

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  #12 (permalink)
 tpredictor 
North Carolina
 
Experience: Beginner
Platform: NinjaTrader, Tradestation
Trading: es
Posts: 644 since Nov 2011

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).

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  #13 (permalink)
 Raider 
Canada
 
Experience: Intermediate
Platform: NinjaTrader & Jigsaw
Broker: Rithmic
Trading: ZB UB
Posts: 143 since Dec 2016


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.


Sent from my iPhone using futures.io

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  #14 (permalink)
TradingTom
Munich Germany
 
Posts: 32 since Jan 2017
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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)
 
xplorer's Avatar
 xplorer 
London UK
Site Moderator
 
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
Frequency: Never
Duration: Never
Posts: 5,925 since Sep 2015
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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.

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  #16 (permalink)
TradingTom
Munich Germany
 
Posts: 32 since Jan 2017
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It says 14 days on their website but thanks for the info.

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  #17 (permalink)
 
xplorer's Avatar
 xplorer 
London UK
Site Moderator
 
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
Frequency: Never
Duration: Never
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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)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
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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)
MichaelFlowTrader
Atlanta
 
Posts: 152 since Jan 2017
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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)
 Raider 
Canada
 
Experience: Intermediate
Platform: NinjaTrader & Jigsaw
Broker: Rithmic
Trading: ZB UB
Posts: 143 since Dec 2016


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.


Sent from my iPhone using futures.io

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Last Updated on March 20, 2017


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