What are your fixed trading costs - Traders Hideout | futures io social day trading
futures io futures trading


What are your fixed trading costs
Updated: Views / Replies:2,613 / 29
Created: by Big Mike 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
 

What are your fixed trading costs

  #21 (permalink)
Elite Member
Syracuse NY/USA
 
Futures Experience: Beginner
Platform: TOS,Ninja
Broker/Data: TOS, Visions/Rithmic, IQ Feed
Favorite Futures: Currency, Metals & Energy Futures
 
LoanShark's Avatar
 
Posts: 17 since Jul 2012
Thanks: 594 given, 18 received

Fixed Costs

I voted over $250. I pay for three VPS(s), Ninja lease, IQFeed data for backtest database. That doesn't include any office hardware expenses that I wouldn't have bought were it not for trading.

"Soak it all in, It's a game you can't win, Enjoy the ride" - Zac Brown, Wyatt Durette
Reply With Quote
 
  #22 (permalink)
Elite Member
london, UK
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: NT
Favorite Futures: Stocks, Bonds
 
Posts: 131 since Sep 2013
Thanks: 152 given, 52 received

>$50

NinjaTrader LifeM/ship Ninjabroker, Continnium Data Feed, this a new setup, previously CQG(Charts) TT(frontend), facilitated office £2500 all in, pretty standard costs in UK, this set up was all about getting to market first, can not compete with the speed of co lo servers.
Trading from home 5-8pm GMT

Reply With Quote
 
  #23 (permalink)
Elite Member
London + UK
 
Futures Experience: Advanced
Platform: Proprietary Analytics
Broker/Data: Multiple broker + Multiple feed
Favorite Futures: Currently European and US equities
 
sands's Avatar
 
Posts: 432 since Dec 2013
Thanks: 223 given, 205 received


platform(s), data, internet access, hardware, office space (utilities: power/heating), food!...etc.

Cost allocation is part of my monthly reporting, so being attributable on the true costs is important.

$250-$1000 (not including transaction fees)

Reply With Quote
 
  #24 (permalink)
Elite Member
Vienna Austria
 
Futures Experience: Advanced
Platform: Ninjatrader with Jigsaw
Favorite Futures: ES
 
Posts: 37 since Sep 2012
Thanks: 14 given, 21 received

Around 100$

Just Ninja Lease + Jigsaw Live Trading Subscribtion.

"You adapt, evolve, compete or die" Paul Tudor Jones
Reply With Quote
 
  #25 (permalink)
Hyde Park,
Chicago, Illinois
 
Futures Experience: Intermediate
Platform: Tradingview.com
Broker/Data: Optionhouse
Favorite Futures: Options
 
Bermudan Option's Avatar
 
Posts: 467 since May 2011
Thanks: 395 given, 252 received

I voted Under $50. All I pay for is Tradervue (even then I forgot to update my details when I was issued a new debit card)

Reply With Quote
 
  #26 (permalink)
Elite Member
Callala Bay NSW Australia
 
Futures Experience: Intermediate
Platform: Interactive Brokers TWS
Broker/Data: Interactive Brokers TWS
Favorite Futures: Stocks and FX and Futures
 
Posts: 1 since Aug 2013
Thanks: 1 given, 0 received

Monthly trading costs

I use Interactive Brokers TWS as my trading platform so Nil costs. The live data feeds cost about $80.

I recently took a yearly subscription on commodity seasonality with Larry Williams "ireallytrade" that costs about $30 per month. I have only just started trading this so am not sure how I will go, but the level of initial cost per trade on these commodities is fairly high so I have only been trading 1 contract, or have traded options but the cost each is $2500 to $4500.

I keep considering various subscriptions including Back To The Future software, and just now Chuck Hughes Life Time Income Lite for $997 for 6 months, but am resisting as I have not done well out of such subs in the past and my beautiful wife says no more!

My most successful trading is option spreads done through Halifax Brokers and their Trade Me system whereby they email me when they have identified a new trade so I open the Trade Me App and they have a detailed description of the trade, the cost, the likely risk including an exit strategy and profit target; and i if I like the recommendation I simple nominate the number of contracts I want to trade, sign to trade and they manage the whole trade giving daily progressive reports. The total brokerage cost is about $60 for the two trades (in and out). They use TWS for their trading platform for the USA trades.

Reply With Quote
 
  #27 (permalink)
Elite Member
Como, Italy
 
Futures Experience: Advanced
Platform: Tradestation, IB
Broker/Data: Tradestation, IB
Favorite Futures: ES
 
Posts: 158 since Aug 2014
Thanks: 236 given, 228 received

data feed 80
subscription research 40
internet 120
utilities 40
hardware (considering life computer 2 years, even if I usually change after 4) 100

tot 380

did I forget anything?

Reply With Quote
 
  #28 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,352 given, 83,223 received


montanajtt View Post
data feed 80
subscription research 40
internet 120
utilities 40
hardware (considering life computer 2 years, even if I usually change after 4) 100

tot 380

did I forget anything?

For purpose of this thread, I believe everyone else is excluding internet, utilities and depreciation, so your total would be $120.

You don't pay for a platform?

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.

Reply With Quote
 
  #29 (permalink)
Trading Apprentice
Toronto, Canada
 
Futures Experience: Beginner
Platform: CTS T4
Favorite Futures: TF,YM
 
Posts: 19 since Sep 2011
Thanks: 3 given, 5 received

CTS T4 $25 minimum, $0.5 per sides, $500 maximum per month


Last edited by MXTrader; September 7th, 2014 at 03:33 PM.
Reply With Quote
 
  #30 (permalink)
Elite Member
Como, Italy
 
Futures Experience: Advanced
Platform: Tradestation, IB
Broker/Data: Tradestation, IB
Favorite Futures: ES
 
Posts: 158 since Aug 2014
Thanks: 236 given, 228 received



Big Mike View Post
For purpose of this thread, I believe everyone else is excluding internet, utilities and depreciation, so your total would be $120.

You don't pay for a platform?

Mike

I use tradestation and currently they rebate it

Reply With Quote

Reply



futures io > > > What are your fixed trading costs

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Fixed % Risk no erocla MultiCharts 4 March 4th, 2014 08:11 AM
Fixed Trading Expenses, how much do you spend? Big Mike Traders Hideout 20 May 19th, 2013 09:49 PM
Despite Cliff Deal: 'Nothing Really Has Been Fixed' Quick Summary News and Current Events 0 January 2nd, 2013 09:00 AM
DevStop indicator need to be fixed Pazan NinjaTrader Programming 35 October 28th, 2011 08:45 PM
Trading Costs CASAMANIA Reviews of Brokers and Data Feeds 13 May 10th, 2011 11:06 PM


All times are GMT -4. The time now is 06:51 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 2017-12-13 in 0.10 seconds with 19 queries on phoenix via your IP 54.90.92.204