Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

strtedat22

starting in future. what fees should i pay for?

Recommended Posts

hello,

 

im diving in to the world of futures you guys. im tired of stocks. QQQQ have been really nice to be but now its time for me to move on to futures. i dont use any indicators. just S/R and trendlines. tape and volume is all i need. is the BASE PLATFORM FEE and CBOT EXCHANGE and CBOT MARKET DEPTH all i need for my type of trading style? im going through tradestation.

 

thanks.

Share this post


Link to post
Share on other sites
hello,

 

im diving in to the world of futures you guys. im tired of stocks. QQQQ have been really nice to be but now its time for me to move on to futures. i dont use any indicators. just S/R and trendlines. tape and volume is all i need. is the BASE PLATFORM FEE and CBOT EXCHANGE and CBOT MARKET DEPTH all i need for my type of trading style? im going through tradestation.

 

thanks.

 

Yes and no.

 

The platform is free if you do 10 round trips per month, otherwise its $100 a month.

 

The ecbot data with market depth is free for the time being, dunno if that will change or not...hope not. ;)

 

You may want opra, nyse and some other data add ons depending on what internals or added things you want to look at.

 

You are going into a heavily leveraged instrument and the ecbot can and has gone down a handful of times this year. You should have a hedging plan in case you are in a trade and the ecbot craps out. If you decide to set that up you will need to pay for data for the ES for example.

Share this post


Link to post
Share on other sites
Yes and no.

 

The platform is free if you do 10 round trips per month, otherwise its $100 a month.

 

The ecbot data with market depth is free for the time being, dunno if that will change or not...hope not. ;)

 

You may want opra, nyse and some other data add ons depending on what internals or added things you want to look at.

 

You are going into a heavily leveraged instrument and the ecbot can and has gone down a handful of times this year. You should have a hedging plan in case you are in a trade and the ecbot craps out. If you decide to set that up you will need to pay for data for the ES for example.

 

thanks mcichiko,

 

im only dealing with the YM for the time being...i wanna study that one first before i jump into the ES...I heard the CBOT does go down from time to time...is it tradestations fault or CBOT's fault? how can i close out a position if im in it if the CBOT goes down? :doh:

 

thanks

Share this post


Link to post
Share on other sites
thanks mcichiko,

 

im only dealing with the YM for the time being...i wanna study that one first before i jump into the ES...I heard the CBOT does go down from time to time...is it tradestations fault or CBOT's fault? how can i close out a position if im in it if the CBOT goes down? :doh:

 

thanks

 

Same here on trading the YM. But you need to be able to trade the ES or some other index to hedge worst case scenario. ES most closely mimics the YM movement with every 10 YM points equaling about 1 ES point.

 

If Tradestations platform or your connection to the net goes down you can still call in a exit order though you get hit with I believe a $20 fee.

 

If the ecbot goes down thats effects all brokers and you will be trapped in your position till the ecbot comes back up. You cannot call an exit in and are left to hedge or pay the piper should it move against you. :crap:

Share this post


Link to post
Share on other sites
Same here on trading the YM. But you need to be able to trade the ES or some other index to hedge worst case scenario. ES most closely mimics the YM movement with every 10 YM points equaling about 1 ES point.

 

If Tradestations platform or your connection to the net goes down you can still call in a exit order though you get hit with I believe a $20 fee.

 

If the ecbot goes down thats effects all brokers and you will be trapped in your position till the ecbot comes back up. You cannot call an exit in and are left to hedge or pay the piper should it move against you. :crap:

 

Ill keep that in mind...so ill study both then. with the base platform being waved each 10 roundtrips, is the DOM the same as the tape for equities?

Share this post


Link to post
Share on other sites
Ill keep that in mind...so ill study both then. with the base platform being waved each 10 roundtrips, is the DOM the same as the tape for equities?

 

For equities you need a separate $5k+ account. The accounts aren't universal, for some dumb reason they subcontract their futures accounts.:angry:

 

DOM is just slang for a depth of market style of order entry as I understand it. Tradestation calls theirs "matrix". Time n' sales will be supported if you pay for level 2 for whichever equity data feed you need.

 

http://www.tradestation.com/fees/platform_fees.shtm

Platform and data fees link

 

http://www.tradestation.com/fees/All_Asset_Types.shtm

Commish and other stuff

Share this post


Link to post
Share on other sites
Check out OpenECry as well in the mix. Not sure if it has everything you need, but check them out as commissions are competitive along with a strong platform that is free to customers.

 

I loved the simulated trading on OECry. I may end up with them though I'm quite fond of the programming options on Tradestation. I love the chart trading on OECry and the daytrade rates and DOM order entry tool are kick a$$ too.

 

Decisions, Decisions. ;)

Share this post


Link to post
Share on other sites
Check out OpenECry as well in the mix. Not sure if it has everything you need, but check them out as commissions are competitive along with a strong platform that is free to customers.

 

i checked OECry out...they look good brownsfan...can you make you own indicators on OECry like pivot points

Share this post


Link to post
Share on other sites
i checked OECry out...they look good brownsfan...can you make you own indicators on OECry like pivot points

 

str - to my knowledge, it's not as easy to just make your own indicators in OEC. I could be wrong and it's a better question for their tech staff. I use pretty standard stuff, so it works for me. They have a ton of indicators built in though. You can see a lot of the software highlights here - http://www.openecry.com/software/softwarehighlights.cfm

Share this post


Link to post
Share on other sites
Check out OpenECry as well in the mix. Not sure if it has everything you need, but check them out as commissions are competitive along with a strong platform that is free to customers.

 

are u from OEC? seems that your recommendation for OEC is everywhere...free platform? I think it's already included in the commmissions :crap:

Share this post


Link to post
Share on other sites
im loving oecry...the simulated platform is fun to play with. brownsfan, i cant locate the tape...they have the DOM but no tape. whats going on here :o

 

yea OEC has no tape...another free platform is ninjatrader...

 

it even has market reply so you can analyze your trades in real time

Share this post


Link to post
Share on other sites
Guest biswayroop

Thanks guys, yeah once i get the basics down going to start the grind of screen time. That's why i love ninjatrader so much, i just leave my pc on the entire day while at work, then come home and replay the day's action tick by tick and paper trade it.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 31st March 2025.   Trump Confirms Tariffs on All Countries, Sending Stocks Lower.   The NASDAQ continues to trade lower due to the US confirming the latest tariffs will be on all countries. In addition to this, bearish volatility also is largely due to the higher inflation data from Friday. The NASDAQ declines to its lowest price since September 11th 2024. Core PCE Price Index - Inflation Increases Again! The PCE Price Index read 2.5% aligning with expert forecasts not triggering any alarm bells. However, the Core PCE Price Index rose from 0.3% to 0.4% MoM and from 2.7% to 2.8% YoY, signalling growing inflationary pressure. This increases the likelihood that the Federal Reserve will maintain elevated interest rates for an extended period. The NASDAQ fell 2.60% due to the higher inflation reading which is known to pressure the stock market due to pressure on consumer demand and a more hawkish Federal Reserve. Boston Fed President Susan Collins recently commented that tariffs could drive up inflation, though the long-term impact remains uncertain. She told journalists that a short-term spike is the most probable outcome but believes the current pause in monetary policy adjustments is appropriate given the prevailing uncertainties. Although, certain investment banks such as JP Morgan actually believe the Federal Reserve will be forced into cutting rates. This is due to expectations that the economy will struggle under the new trade policy. For example, JP Morgan expects the Federal Reserve to delay rate cuts but will quickly cut towards the end of 2025. Market Risk Appetite Takes a Hit! A big factor for the day is the drop in the risk appetite of investors. This can be seen from the VIX which is up almost 6%, Gold which is trading 1.30% higher and the Japanese Yen which is the day’s best performing currency. Most safe haven assets, bar the US Dollar, increase in value. It is also worth noting that all indices are decreasing in value during this morning's Asian session with the Nikkei225 and NASDAQ witnessing the strongest decline. Previously the stock market rose in value as investors heard rumours that tariffs would only be on certain countries. This bullish swing occurred between March 14th and 25th. Over the weekend, President Donald Trump indicated that the upcoming tariffs would apply to all countries, not just those with the largest trade imbalances with the US. NASDAQ - Technical Analysis In terms of technical analysis, the NASDAQ continues to obtain indications that sellers control the price action. The price opens on a bearish price gap measuring 0.30% and trades below all Moving Averages on all timeframes. The NASDAQ also trades below the VWAP and almost 100% of the most influential components (stocks) are declining in value.     The next significant support level is at $18,313, and the resistance level stands at $20,367.95. Key Takeaway Points: NASDAQ falls to its lowest since September 2024 as the US confirms tariffs on all countries, adding to inflation concerns. Core PCE inflation rises to 0.4% MoM and 2.8% YoY, increasing the likelihood of prolonged high interest rates. Investor risk appetite drops as VIX jumps 6%, gold gains 1.3%, and safe-haven assets outperform. NASDAQ shows strong bearish momentum, trading below key technical levels with support at $18,313 and resistance at $20,367.95. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • PM Philip Morris stock, top of range breakout at https://stockconsultant.com/?PM
    • EXC Exelon stock, nice range breakout at https://stockconsultant.com/?EXC
    • UTZ Utz Brands stock, watch for a bottom breakout at https://stockconsultant.com/?UTZ
    • FL Foot Locker stock, nice breakdown follow through at https://stockconsultant.com/?FL
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.