Does anyone out there have any experience please of trading with satellite broadband? If so, what are the good and bad points for trading?
I live in a rural area and have to rely on slow ADSL broadband and have been considering changing to satellite broadband (my only option). I know the bandwidth will be greatly improved, but I understand the ping rate goes from around 35ms to anything up to 700ms. This is my concern for trading, as it might not be a big improvement over ADSL.
The following user says Thank You to Alien Heat for this post:
Alternatively you may choose to run on a VPS and use a bot, then you only need your connection
to look at the results... ;-)
I think anything that relies on clicking in a second and ultra short timeframes... is not feasible
for retail trading, there is plenty of profit to capture on higher timeframe, it will make you better
and your broker less better.. and avoid jumping in and out for a few ticks and ticking a big hit
from time to time...
The following user says Thank You to rleplae for this post:
I have used a satellite connection briefly while staying at a friend's house. It was Hughesnet in California. I wouldn't want to depend on it full time. It's doable if you trade a less volatile market and a time frame where you can tolerate losing a tick sometimes because of the delay. Also there were occasional outages of service. So it's certainly not for scalping CL !
Been using the last gen of Hughes. No major problems. Run 4-5 markets at a time day trading. I've found that Trade Navigator works better than most platforms with the sats. It also has a feature that tells you if you are behind on the data feed. I do pay attention to the weather as it can drop out the feed. Thinking about going to a cloud based platform to back it up tho.
The following user says Thank You to dbarno for this post: