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Just starting out on Ninja's Superdom on sim..Though have had a look at Jigsaws 3rd party add on which prints contracts hitting into the bids/offers for more depth though haven't purchased it yet..Probably most on here are way ahead of me in any case.The recommendation is to take a month or two just looking at the Dom.Bit of a wake call tbh..Thankfully only two years & not 10 to find out charts & indicators are a pretty good way to wipe out your account..Any advice is greatly appreciated as I may get a foot in on the 5% success club..If only I'd been an intern in the city and not a van driver...
you could give a try to either CQG sim or TT sim they both excellent. Jigsaw is a bit more advanced although the video's of the jigsaw frontman are must watch items.
Each facets of trading has its own rules and tricks: DOM, charts, psycho, MM, funda.. and each has some very good trainers but different learning curve. No single source of good education unfortunately and even the costs of education is highly different. To learn all this just by doing on your own at home... phhh am very sceptic about that.
If you are interested in trying to trade order flow off the DOM you will be better off just buying the Jigsaw product straight away. You are going to learn very little from looking at the Ninja DOM as IMO it is really only good for order entry. Trying to read the order flow on it is hindered by it not having split volume or volume profile and the low refresh rate for the data.
Also, if you are an Elite member here go to trading webinars/videos and look at 'Order Flow Scalping w/John Grady No BS Day Trading'. Or just go to his website and watch some of his videos.
Thanks Matthew..
Yes I purchased the programme for beginners on no BS trading & on recommendation will purchase it after having studied through the Intermediate course..The Ninjatrader Dom is not really beneficial as you say..Is there any correlation between the futures contracts trading (Dax or otherwise) on the DOM & say a Dax CFD or spreadbet ? I'm assuming they're ticking over with the same amounts on the futures platform unless I have it incorrect..
just trading the dom (no charts) is not an easy task. takes a lot of experience imho.
what I like is information before a trade (dom) and information right after a trade (footprint chart). this should give you a pretty good idea what's going on right now. a great combo is from market delta:
