Trading Costs - Reviews of Brokers and Data Feeds | futures io social day trading
futures io futures trading

Trading Costs
Updated: Views / Replies:3,797 / 13
Created: by CASAMANIA Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • 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.

-- Big Mike, Site Administrator

Thread Tools Search this Thread

Trading Costs

  #11 (permalink)
Trading Apprentice
beverly hills, ca
Trading Experience: Beginner
Platform: TransAct, E-Futures International, Ninja
Broker/Data: Cannon /Transact
Favorite Futures: es
Posts: 14 since Apr 2010
Thanks: 15 given, 7 received

donzi View Post
Hey Casa Mania,

You asked a really excellent question. I am an active trader and 100 round turns per day is not unusual for me. That adds up comission wise, like 500 bucks most places I trade. But I suspect there is more below the surface?

You and I as retail traders, we trade quarters. In other words, if we are trading the ES we are filled at 00, 25, 50, or 75. Our brokers are trading the bigs, which are filled in dimes, in other words their orders are filled at 00, 10, 20, 30, 40, 50, 60, 70, 80, 90.

So, this means that when you place your limit order at "say" something .50, your broker will not fill you unless he is able to "offlay" your position at his dime less or .40. Then he fills you and he has your dime in his pocket.

Anybody who has traded for a long time begins to realize this is not a fair game.

Essentially you as a retail trader are at the mercy of your broker. "If your broker fills you at one tick less or more how would you know?"

My only good advice is too "Trade on a SIM account for at least 3 months."

I hope more experienced traders will correct any errors in my answer to Casa Mania's question.

this is totally wrong. You're not trading against your broker, as is the common practice in forex. Your order is filled at the exchange at the best available bid/offer, based on your position in the queue. And GLOBEX orders can be tracked from the moment they are placed to the moment they are filled. There is transparency if you ever want to question a fill

Reply With Quote
  #12 (permalink)
Membership Revoked
Oslo, Norway
Trading Experience: Advanced
Platform: CQG, Excel
Favorite Futures: CL
Lornz's Avatar
Posts: 1,198 since Apr 2010
Thanks: 500 given, 1,239 received

I think some of the posters on this thread might benefit from reading the CBOT or CME Handbook.... Either one will do. The Keywords are "clearing" and "price discovery".... CBOT Handbook of Futures and Options (9780071457514): Cbot: Books The CME Group Risk Management Handbook: Products and Applications (Wiley Finance) (9780470137710): CME Group, John W. Labuszewski, John E. Nyhoff, Richard Co, Paul E. Peterson, Leo Melamed: Books

Reply With Quote
  #13 (permalink)
Elite Member
Miami Beach, FL, USA
Trading Experience: Intermediate
Platform: Sierra Charts
Favorite Futures: ES, YM, NQ, TF, 6A, 6B, 6C, 6E 6J
Posts: 12 since Dec 2010
Thanks: 236 given, 14 received

Casa Mania - Trading Costs

Casa Mania asked about the costs related to trading.

I interpeted that question as a question related to surviving the costs of trading.

I wanted to point out that as "retail" traders we trade against professional money.

So, I am not arguing anything, I am just simply trying to point out to Casa Mania that his trading costs are the least of his problems.

Sorry to say that if Casa Mania falls into the 95% of us who do not survive the first year, he will not point to his trading costs as "what blew up his account"

This is a friendly post, please feel free to disagree with me, as I am often "WRONG"

Reply With Quote
The following user says Thank You to donzi for this post:
  #14 (permalink)
Membership Permanently Revoked
Trading Experience: Intermediate
Posts: 1,176 since Nov 2009
Thanks: 221 given, 850 received

I didnt click unsubscribe on this post... but before I leave for good...

donzi View Post
I wanted to point out that as "retail" traders we trade against professional money.

actually, you can not compete with pro's... you compete against those that are pro-wannabe's that used to be newbies and feed the markets ... you feed the pro's as they transfer funds from your account into theirs, that is not competition... dont take me wrong, there will always be someone who knows more than you, or me, or anyone else... there is always a bigger shark lurking on the ocean...

donzi View Post
please feel free to disagree with me, as I am often "WRONG"

understatement of the century... specially when @Lornz is telling you where you can educate yourself a bit more so you dont spew out senseless rethoric ... I guess ignorance is bliss...

Reply With Quote
The following 3 users say Thank You to sysot1t for this post:


futures io > > > > Trading Costs

Thread Tools Search this Thread
Search this Thread:

Advanced Search

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

Journal Challenge $1600 in Prizes & Free Journalytix for all participants!


3 Excellent Entries, and How To Automate Them w/Kevin Davey

Feb 21

The Driving Force Behind the Market w/Earn2Trade

Mar 5

TBA w/Stage5 & iSystems

Mar 12

TBA w/John Grady @ No BS Day Trading

Mar 19

Day Trading Oil Futures: Reducing Risk & Increasing Profits w/DTN IQFeed

Mar 26

Similar Threads
Thread Thread Starter Forum Replies Last Post
Ongoing monthly costs to trade futures... (for newbie) tammyd549 Traders Hideout 14 May 26th, 2017 09:41 PM
Scalping costs in Forex vs Futures or Stocks Trankuility Traders Hideout 24 August 25th, 2012 05:30 PM
Greek PM Says Borrowing Costs Not Sustainable Quick Summary News and Current Events 0 May 13th, 2011 06:30 AM
Companies Raise Prices as Commodity Costs Jump Quick Summary News and Current Events 0 February 15th, 2011 03:30 AM
Battle Looms Over Huge Costs of Public Pensions Quick Summary News and Current Events 0 August 7th, 2010 06:40 PM

account size, amp, average, broker, brokers, buy, cme, cqg, data, data feed, datafeed, dow, fcm, forex, futures, globex, how-to, information, interactivebrokers, limit order, ninja, ninja trader, order flow, orders, risk management, search, short, sim, sim_trading, support_and_resistance, tick, trading, volume

All times are GMT -4. The time now is 07:42 PM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432 WhatsApp Business,
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.
no new posts
Page generated 2019-02-20 in 0.21 seconds with 22 queries on phoenix