Recommendation for broker/platform/data for scalp/trading stocks - Reviews of Brokers and Data Feeds | futures io social day trading
futures io futures trading


Recommendation for broker/platform/data for scalp/trading stocks
Updated: Views / Replies:4,007 / 39
Created: by w4rri0r 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 90,000 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 Ė 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 donít 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

Reply
 
Thread Tools Search this Thread
 

Recommendation for broker/platform/data for scalp/trading stocks

  #31 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,545 since Nov 2011
Thanks: 4,479 given, 2,311 received
Forum Reputation: Legendary


NinjaTrader View Post
For clarification, NinjaTrader can be acquired in various ways.


  • Fully functional simulation only - Always FREE
  • Basic live trading version - FREE (with NinjaTrader Brokerage account)
  • Live trading version lease - $60 per month paid quarterly
  • Live trading version lifetime license - $999



Also, there's a multi-broker NinjaTrader license.

I have one. I broker with IB and NinjaTrader Brokerage FXCM.

Do you guys still offer it, please?

Ron


Sent from my iPhone using futures.io

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Reply With Quote
 
  #32 (permalink)
Market Wizard
Reading UK
 
Futures Experience: None
Platform: Sierra
Broker/Data: Lmax
Favorite Futures: My 3 boys
 
Grantx's Avatar
 
Posts: 799 since Oct 2016
Thanks: 721 given, 978 received
Forum Reputation: Legendary


Blash View Post
Here is a quick video I made for you on my internal from IQFEED...



and here is an example of my data I get from them...(made this IQFEED pic for another post that's why I put a square around the market depth info)

Ron, thanks so much for taking the time to make that video!
So do you trade both forex and futures?

Reply With Quote
The following user says Thank You to Grantx for this post:
 
  #33 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,545 since Nov 2011
Thanks: 4,479 given, 2,311 received
Forum Reputation: Legendary



Grantx View Post
Ron, thanks so much for taking the time to make that video!

So do you trade both forex and futures?



Yes. FX with an eye mainly towards swing trading.

Ron


Sent from my iPhone using futures.io

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Reply With Quote
 
  #34 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES
 
NinjaTrader's Avatar
 
Posts: 1,257 since May 2010
Thanks: 153 given, 1,888 received


Blash View Post
Also, there's a multi-broker NinjaTrader license.

I have one. I broker with IB and NinjaTrader Brokerage FXCM.

Do you guys still offer it, please?

Ron

Yes we do.

$90 per month paid quarterly lease
$1,499 lifetime license

Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
Reply With Quote
 
  #35 (permalink)
Elite Member
Burlington, Vermont
 
Futures Experience: Beginner
Platform: StockTwits
Broker/Data: Robinhood
Favorite Futures: ES, GC, ZB
 
nathanologist's Avatar
 
Posts: 695 since Jun 2015
Thanks: 869 given, 771 received


Grantx View Post
Am I correct in saying that in order to trade futures I need the following:
1. Pay for a platform such as ninja trader. $900
2. Pay for a data feed. $50 to register and then $78 per month.
3. Pay IB a monthly fee (How do they fit into this picture? Im paying for a platform and datafeed already)
4. Buy a 'proper' VSA indicator because the standard ones are pointless. Dont know how much I imagine about $500?
5. $100 subscription to this site

What other costs are involved to get properly setup?

I traded futures when I got started out using the free version of NT7 Direct Edition(I think), starting a NT brokerage account for $1000 deposit, data was through NT Brokerage for $5/month (I think it's just for ES, NQ, and a couple other instruments) and pestering A LOT of the regulars on this forum for advice and explanations of context, not to mention a lot of chart posts in the public (at the time) spoonalysis threads. Also free is the Adam Grimes trading course, which I discovered after viewing the Adam Grimes random lines webinar on this site.

What I mean to say is, you can trade futures for a $1000 deposit, $5/month, and $4.48 per contract all-in round turn commissions. this was my set up for about a year while I explored trading futures. To avoid inactivity fees ($25 I think) I made 1 live trade of one contract per month. I used a 2 tick stop so that the losing trade was about the same as inactivity fees, and traded in the direction of a strong move so that much of the time the stop wasn't hit. By the end of year 1 my account balance was just over $2000, my max draw down was about $250. Was it smart or safe? Most would say not really, but I feel that it was suitably low risk and affordable way to learn.

I know guys who literally have spent thousands if not tens of thousands of dollars on systems and data and newsletters and all manner of "education" and have barely made 50 live trades in the last 5 years. But none of that is necessary IMO.

@Blash recommendations in the first reply is about as good as it gets. Another set-up that I think many would recommend is the sierra chart, IB, IQfeed.

The best money I've spent in getting started is the money I've lost. The second best is the $100 elite membership to this forum after suffering my biggest daily draw down. The gomi scripts/indicators/infrastructure for NT7 alone were worth that. But the advice from very experienced traders on this forum is invaluable, and much of that can be had without being an elite member.

Nate
Reply With Quote
The following 5 users say Thank You to nathanologist for this post:
 
  #36 (permalink)
Market Wizard
Reading UK
 
Futures Experience: None
Platform: Sierra
Broker/Data: Lmax
Favorite Futures: My 3 boys
 
Grantx's Avatar
 
Posts: 799 since Oct 2016
Thanks: 721 given, 978 received
Forum Reputation: Legendary


Blash View Post
Here is a quick video I made for you on my internal from IQFEED...

Hey Blash, What is the name of the footprint indicator that you are using in your video? Is that NT8?

Reply With Quote
The following user says Thank You to Grantx for this post:
 
  #37 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,545 since Nov 2011
Thanks: 4,479 given, 2,311 received
Forum Reputation: Legendary


Grantx View Post
Hey Blash, What is the name of the footprint indicator that you are using in your video? Is that NT8?



Hey there,

Acme Volume Impression.

This is a Rancho Dinero tool, yes for NT8.

Ron


Sent from my iPhone using futures.io

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Reply With Quote
The following user says Thank You to Blash for this post:
 
  #38 (permalink)
Market Wizard
Reading UK
 
Futures Experience: None
Platform: Sierra
Broker/Data: Lmax
Favorite Futures: My 3 boys
 
Grantx's Avatar
 
Posts: 799 since Oct 2016
Thanks: 721 given, 978 received
Forum Reputation: Legendary


Blash View Post
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Hi Ron,
What does the 'market depth' option provide you?
And the Globex level2 non pro?

Thanks,
Grant

Reply With Quote
The following 2 users say Thank You to Grantx for this post:
 
  #39 (permalink)
Elite Member
Des Moines, Iowa/USA
 
Futures Experience: Beginner
Platform: Ninjatrader, IB
Favorite Futures: ES, NQ
 
Posts: 2 since Oct 2015
Thanks: 4 given, 0 received


Seahn View Post
The $0.53 is the NT Brokerage commission, to that you need to add clearing fees, exchange fees, regulatory fees. In total for a lifetime license the commission is $3.62 per round turn for the ES it is more for other contracts. You need to look at the "all in commissions" on the NT web site.

All-in commissions on NT site for ES

Exchange Fee + NFA + NT Commission Lifetime License

As of 1/5/2017: 1.19 + 0.10 + 0.53 = 1.82 (3.64 for RT)

On 9/8/2015: 1.16 + 0.01 + 0.53 = 1.70 (3.40 for RT)

On 11/10/2014: 1.15 + 0.01 + 0.53 = 1.69 (3.38 for RT)

Reply With Quote
 
  #40 (permalink)
Elite Member
Riyadh, KSA
 
Futures Experience: Intermediate
Platform: MetaTrader
Favorite Futures: Currency
 
Posts: 2 since Nov 2016
Thanks: 3 given, 0 received

What is a Recommended CFD Forex Broker


Please advise me of couple of Brokers to:
- Invest around 500k$ of Capital
- UK FCA regulated
- Offers CFA Forex
- Offers MT4 as Trading Platform

Reply With Quote

Reply



futures io > > > > Recommendation for broker/platform/data for scalp/trading stocks

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Recommendation for broker/platform for scalp trading Futures bickolas Reviews of Brokers and Data Feeds 12 April 10th, 2016 01:22 AM
Looking for a new platform/broker for my futures spread trading.... SpreadOption Platforms and Indicators 19 January 6th, 2016 12:57 PM
Help Info Overload Broker/Platform/Data/Mobile JudyQ Reviews of Brokers and Data Feeds 12 November 18th, 2015 03:42 AM
Broker/data recommendation Jmccoyiii Reviews of Brokers and Data Feeds 4 May 28th, 2015 03:25 AM
Recommendation for european options broker ? leinster Options on Futures 8 June 2nd, 2013 12:48 PM


All times are GMT -4. The time now is 11:48 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
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 2017-11-19 in 0.12 seconds with 19 queries on phoenix via your IP 54.161.3.96