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I'm new to the forum here and also new to the futures markets. I'm in the process of setting up a brokerage account and choosing a trading platform. After reading several threads here, I've decided on Velocity Futures and Ninjatrader.
I chose Ninjatrader mainly because I wanted an easy way to sim trade. Since I have a full time job the market playback feature really appealed to me. Anyways, my question has to do with historical data. It's my understanding that both Velocity and Ninjatrader will not give me access to historical data. I realize you can record market data with Ninjatrader to play back later, but I'd rather not leave my computer running all night while I'm at work.
Am I able to purchase a data subscription from someplace like Kinetick or IQfeed that will give me access to historical data and then link that up with Ninjatrader? Will Ninjatrader use both the Trading Technologies feed from Velocity and a secondary feed at the same time? I'm a little confused as to how it works. Please excuse me as I know this is a pretty basic question but I wasn't able to turn up much with the search.
TheShrike
Can you help answer these questions from other members on NexusFi?
I've never used Velocity , but if no historical data at all, seems like better options exist , starting out with high overhead can add up ....
Also, most brokers with software and standalones offer trials , if new to trading and not setup yet, I would try as many as possible and use the time and opportunity to try and test and see what is best for you.... jmo
"Successful trading is one long journey, not a destination" Peter Borish Former Head of Research for Paul Tudor Jones speaking on conversations with John F. Carter
Thanks for the push in the right direction guys. I'll go check out those sites and see what I can come up with. All of the different brokers, platforms, and data feed options are kinda confusing for someone just getting into this. Thanks again.
They propose a non-streaming intra-day or end-of day (backfill only) solution for their platform named DTN-Market-Access ($15/month). I am not sure if a similar solution is available for Ninja through Kinetick.
Thanks for the links guys. I'll check them both out. Really cool that the forum is able to team up with some of the vendors to offer the members here a little savings. I've decided to pull the trigger and go with Velocity. Still undecided on platform, but I suppose I could demo a few and just see which one I'm the most comfortable with.
Mike, I know you're a big proponent of starting a trading journal. Do you think there would be any interest in a journal written by someone completely new to trading?