Practice Account - Traders Hideout | futures io social day trading
futures io futures trading


Practice Account
Updated: Views / Replies:1,415 / 19
Created: by rjones215 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
 

Practice Account

  #1 (permalink)
Trading Apprentice
Baltimore Maryland /USA
 
Futures Experience: Beginner
Platform: MetaTrader
Favorite Futures: Currency
 
Posts: 1 since Feb 2016
Thanks: 0 given, 0 received

Practice Account

Hello - I had a quick question can someone please send me in the right direction for a practice platform.....

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Trading Apprentice
Oklahoma City, Oklahoma
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Futures
 
Ave L's Avatar
 
Posts: 4 since Feb 2016
Thanks: 3 given, 5 received


I was about to post the same question- I want to sim trade the ES on live data without putting the money commitment into it first. I was using NinjaTrader until my free demo ran out. Any suggestions?

Reply With Quote
 
  #4 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
Platform: CQG
Favorite Futures: Futures
 
xplorer's Avatar
 
Posts: 3,057 since Sep 2015
Thanks: 6,579 given, 4,834 received
Forum Reputation: Legendary


rjones215 View Post
Hello - I had a quick question can someone please send me in the right direction for a practice platform.....


Ave L View Post
I was about to post the same question- I want to sim trade the ES on live data without putting the money commitment into it first. I was using NinjaTrader until my free demo ran out. Any suggestions?

I use a product called QTrader, it has a relatively low monthly license cost of 40 USD.

To that you need to add the cost of a data feed - If you guys don't work in the financial sector you classify, according to the CME, as "non-professionals", which means that the cost per month of a data feed for the ES would be 5 USD. To have access to all of the CME live data you would pay a capped fee of 15 USD per month.

You would need to open up an account though and deposit real money, even if you don't trade with real money. You can SIM trade until such time you feel ready to experiment with real money. The monthly cost would be deducted from the money you deposited in your account.

I believe NinjaTrader also offers similar deals.

I'm sure there's other options out there which I'm not familiar with.

Reply With Quote
The following 2 users say Thank You to xplorer for this post:
 
  #5 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
Platform: CQG
Favorite Futures: Futures
 
xplorer's Avatar
 
Posts: 3,057 since Sep 2015
Thanks: 6,579 given, 4,834 received
Forum Reputation: Legendary


xplorer View Post
I use a product called QTrader, it has a relatively low monthly license cost of 40 USD.

To that you need to add the cost of a data feed - If you guys don't work in the financial sector you classify, according to the CME, as "non-professionals", which means that the cost per month of a data feed for the ES would be 5 USD. To have access to all of the CME live data you would pay a capped fee of 15 USD per month.

You would need to open up an account though and deposit real money, even if you don't trade with real money. You can SIM trade until such time you feel ready to experiment with real money. The monthly cost would be deducted from the money you deposited in your account.

I believe NinjaTrader also offers similar deals.

I'm sure there's other options out there which I'm not familiar with.

I also wanted to add.... there is a school of thought that proposes that SIM trading only for a considerable amount of time is a good idea.... there's another school of thought that suggests that too much time spent on simulation can be bad because one can risk developing bad habits that can persist when trading with real money...

Personally I tend to favour the second approach - I spent about 5 months doing SIM trades and then I decided to move live. Moving live can be a trauma, at least initially, because you deal with the emotions of winning and losing real money, which can be tough, especially for beginners.

Reply With Quote
The following user says Thank You to xplorer for this post:
 
  #6 (permalink)
Trading Apprentice
Oklahoma City, Oklahoma
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Futures
 
Ave L's Avatar
 
Posts: 4 since Feb 2016
Thanks: 3 given, 5 received


xplorer View Post
I also wanted to add.... there is a school of thought that proposes that SIM trading only for a considerable amount of time is a good idea.... there's another school of thought that suggests that too much time spent on simulation can be bad because one can risk developing bad habits that can persist when trading with real money...

Personally I tend to favour the second approach - I spent about 5 months doing SIM trades and then I decided to move live. Moving live can be a trauma, at least initially, because you deal with the emotions of winning and losing real money, which can be tough, especially for beginners.


xplorer- may I ask you how exactly what platform you started sim trading on? And don't worry, and someone who's only been trading for 2 weeks, I'm pretty sure I haven't reached that "too much sim trading" stage yet.

Reply With Quote
 
  #7 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
Platform: CQG
Favorite Futures: Futures
 
xplorer's Avatar
 
Posts: 3,057 since Sep 2015
Thanks: 6,579 given, 4,834 received
Forum Reputation: Legendary


Ave L View Post
xplorer- may I ask you how exactly what platform you started sim trading on? And don't worry, and someone who's only been trading for 2 weeks, I'm pretty sure I haven't reached that "too much sim trading" stage yet.

If you're asking how exactly I chose the platform when I started... it was decided for me: I took a training course and they were using QTrader so I stuck with it when I finished the course.

The reasons I stuck with it
  • Excellent value for money. Lots of tools available (indicators, basic backtesting, alerts, custom formulas and functions) for a low monthly cost
  • Reasonable live technical support
  • I'm told that the quality of the CQG data feed (which provides 'tick by tick' data) is among the best out there
  • Good API interface with Excel

Like all software products, QTrader is not perfect, so there is the occasional minor glitch, but you will probably find those in pretty much any product.

Reply With Quote
 
  #8 (permalink)
Determined
Lexington KY/USA
 
Futures Experience: Beginner
Platform: SC,TastyWorks,ToS
Broker/Data: TDA, OANDA,AMP/CQG
Favorite Futures: Looking for it/them
 
LDog's Avatar
 
Posts: 126 since Sep 2015
Thanks: 3,525 given, 159 received

Just went/am going through that

I plan to start trading futures within the next few months and have (pretty much) decided on the platform I want to use (Sierra Charts - it is NOT beginner friendly, but I like it because it's a fast, pretty much fully customizable platform).

What I (as a newb) would recommend is:

1) Going through this great (free) course - Home - The Art and Science of Trading (I personally didn't get into the meditation, but I probably will, eventually )

2) Picking a platform or two to try and doing the free demo.

3) Once you've chosen a platform, decide on a broker (like was mentioned above) - Sim trading's cheap, but it ain't free for long because your gonna have to pay for data, exchange fees and such. (I'm pretty sure I'll go through Infinity Futures, cause they proved the Level 5 Sierra chart for free and they seem to have a good rep).

That's pretty much as far as I've gotten .

Reply With Quote
The following user says Thank You to LDog for this post:
 
  #9 (permalink)
 R.I.P. 1969-2016 
montreal quebec/canada
 
Futures Experience: Beginner
Platform: CQG/NT7
Broker/Data: IB/AMP/CQG
Favorite Futures: CL
 
Okina's Avatar
 
Posts: 2,149 since Sep 2015
Thanks: 758 given, 5,422 received

QTrader has also so serious limitations

No real backtesting (but for that you have to pay even with IC)
1 charts at a time
no complex bracket orders

and some nice features

really easy programming (by far the easiest one I've seen, same level of "difficulty" than excel formulas)
very low resources usages
very stable
free with some brokers
good data feed

For NT when I was practicing I have enrolled my wife and my son...so lot of time of paper trading

R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.
Reply With Quote
The following 2 users say Thank You to Okina for this post:
 
  #10 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
Platform: CQG
Favorite Futures: Futures
 
xplorer's Avatar
 
Posts: 3,057 since Sep 2015
Thanks: 6,579 given, 4,834 received
Forum Reputation: Legendary


Nice one Okina... although I would argue that QTrader offers some basic backtesting... called Signal Evaluator.

By basic backtesting I mean
  • Gives you decent profit curve tools for signal evaluation
  • Export that evaluation into Excel

The other limitation that applies to backtesting is that you only have 3 months worth of detailed data... some experienced people on this forum suggest to backtest with 10 years of data, so 3 months is a bit thin...

Reply With Quote

Reply



futures io > > > Practice Account

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
Deliberate Practice bijeremiad Psychology and Money Management 20 March 10th, 2017 01:05 AM
VPA Forex trading Practice Raceletrose Trading Journals 8 August 27th, 2015 11:37 PM
PATIENCE AND PRACTICE tigertrader Psychology and Money Management 13 May 5th, 2015 05:10 PM
begginer in MC - where to practice EasyLanguage ? elibelly EasyLanguage Programming 9 May 11th, 2012 05:23 PM
Competition/practice tading account lokgotkent Traders Hideout 8 October 20th, 2010 08:05 AM


All times are GMT -4. The time now is 12:40 AM.

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 2017-12-16 in 0.17 seconds with 37 queries on phoenix via your IP 54.226.113.250