For trading FX,
1 Can I trade using Ninjatrader / FXCM (which is available to me as a mon-US trader)
2 What Margin is possible? Are the Margin rules the same as designated by FXCM?
3 Can I use Ninja with with my own indicators?
4. Can I use another known Forex broker, registered with Australian and/or UK authorities?
For Futures:
Can I use Ninja with with my own indicators and linked to Dorman?
Should I be granted funds to trade, post-60 days, must I use a specific broker or platform?
If yes, what are the RTurn fees for Spot FX?
If no, can I assume that the current RTurn fees apply as set by my preferred broker?
thank you
Sienna
Can you help answer these questions from other members on futures io?
@dyst, absolutely! That’s fine. Just explain your normal frequencies when you describe your style. It’s very flexible! The main thing is that if you say you only take one trade a day and then all of a sudden lose a trade and try and make it back by over trading the rest of the day and you make the situation worse, they may want to talk to you about that. Even more so if they saw it happen multiple times. Or being a scalper who all of a sudden held a losing trade for days. None of these inconsistencies will make you fail but it may reduce your offer.
I hope that helps!
Earn2Trade www.earn2trade.com Become a Professional Trader. Decisions That Can Change Your Life Forever.
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Unfortunately you have to use the broker that the prop firm uses. It’s their account structure you would be under since you would actually be under their firm ownership.
The broker for FX is OANDA. The broker for Futures is INTL FCStone, which is one of the bigger ones. The margin is the max allowed by US regulation, 50:1.
Regarding NT, you can currently use it during the 60 day test only if you have a paid license. We are working with NT to get a free key permissioned for our environment while they do their test. That should hopefully be set up in the next week.
You can absolutely use your own indicators but for FX, OANDA is only available via NT8.
Let me know if you have more questions!
Earn2Trade www.earn2trade.com Become a Professional Trader. Decisions That Can Change Your Life Forever.
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Let me clarify, in regards to NinjaTrader usage (which the post was asking about), NinjaTrader does not support OANDA on NT7 thus NT8 must be used.
OANDA is available on any platform which supports their v20 REST API or via MT4. Unfortunately fxTrade and their web platform are unavailable due to the account permissions that OANDA allows for. OANDA does not allow for multiple users to login to their own platforms and have access only to a certain sub-account and not the entire account structure. Due to the fact that the live account is owned by the prop firm and not the individual, the individual can only have access to their specific sub-account.
I hope that clarifies things!
Earn2Trade www.earn2trade.com Become a Professional Trader. Decisions That Can Change Your Life Forever.
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So sorry for the delayed response. Never got a notice of this post.
To answer your questions:
1) Yes you can use NT8 as long as you have a paid license and it supports Rithmic.
2) The income for futures would be passed through as short/long term capital gains, which is how futures are taxed.
Earn2Trade www.earn2trade.com Become a Professional Trader. Decisions That Can Change Your Life Forever.
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