(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.
I will explain: In order to distribute quotes on an on going basis you need to qualify by the exchanges as a data vendor. So for example companies like Future Source, Esignal, DTN, etc could distribute quotes where you pay monthly fees depending on the exchange requested, and some of the fee goes back to the exchange as there is a cost for quote distribution. Brokers and FCMs are not quote vendors therefore they can't charge that kind of a fee.
The exchanges want to get paid one way or another, either for quote distribution or by you participating paying the futures clearing fees.
Companies for example like Rithmic are allowed to give you demos via the platform they route their data-feed through, but they cant give you a life-time live quotes demo, again because they are not quote vendors.
Everyone is reasonable in this industry, and no one will disable you if you go through periods of not trading.
People take vacation, breaks from trading, and it's understood. I can't talk in terms of time, but I think it would be a long time before one would be flagged in the system.
Personally, I don't have a problem if someone does not trade. If you need to take a break, retest the methodology and/or put it back on sim account.
I hope this helps.
PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
The following 2 users say Thank You to mattz for this post:
Just a good idea while any trader is in the discipline building stage......set a daily LOSS LIMIT through your broker. If you start out with $2500 then set a daily loss limit of say $125.00.....at any point during the day you go red $125 your position will go flat and you will be locked out for the day from further trading. This way you won't blow your acct out from one bad day where you went deer in the head lights playing with two lots.
Talk to any broker where you will set up a newb acct and see if they offer that capability......better to bleed slow then have a single day a$$ kicking!
The following user says Thank You to FulcrumTrader for this post:
yes that's all good. but I don't believe for a second that you would get in trouble for inactivity. maybe from a broker I could understand, but never from an exchange. unless you show me, I don't remember signing anything like that when I opened my account.
relax already. no one is getting in trouble!
I had one incident of a a guy who was inactive for a VERY long time, and I was notified to ask if he will trade.
I was surprised as it was the first time of this sort, so I assumed guys who are considered inactive will be flagged if they are inactive FOR A VERY LONG TIME...VERY LONG.
PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
Another aspect: It's a nuisance to have to close positions at the end of the regular trading day because the balance on the account is too low for the (much higher) overnight margin.
I wouldn't trade if i had less than say 10k on the account.
The following 2 users say Thank You to kiasom for this post:
Well, if you really wanted to, you could close it at the end of RTH and re-open it at the start of the night session, depending on instrument that is 15 minutes to a few hours later. Assuming you could afford the increased commission costs based on the reward of the position.
Mike
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.
The following user says Thank You to Big Mike for this post: