Trembling Hand
Can be found on the bid
- Joined
- 10 June 2007
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Over what time frame?
Does anyone happen to know where I can start paper trading futures?
Over what time frame?
Intraday/daily. I've recently tried to apply for some proprietary trading firms but got turned down. Part of the reason was because I've yet to shown an active interest trading (including paper trading) futures. Any other advice is much appreciated.
Thanks
So you haven't traded anything before?
If you are wanting to trade prop or more to the point want to trade in a fashion that will get you a job at a prop shop then that means active intraday. For that you need a live intraday data feed from esignals.com (will be $$$$) and connect it to something like NinjaTrader (Free) for your sim (paper trading) and charting and performance data.
Hi all,
This is my first time trading, my grandad has always been big into share trading and has passed me on some of his shares as an investment for me to hold. I am not looking to get involved in some short term trading in order to supplement my very modest salary at the age of 24.
An advice that you can give me as to where to start would be great. Im looking at setting up an online trading account with either Westpac or Commsec, any suggesstions?
Ta
Have you looked at setting up an account with Bell Direct or Interactive Brokers (IB)?
They offer much cheaper brokerage, easy to set up an account and great user interfaces. I used to trade through commsec but I found the brokerage was starting to add up. Bell directs brokerage is about half the cost of Commsec.
Good luck.
I'm yet to to start trading. Recently I've been reading up and researching to start trading on a buy-hold strategy (long-term) to get started on something. Now also looking to paper trade futures intraday to gain experience and improve my chances of getting a job.
Esignal.com is about $130~/month, that's abit too much for paper trading, but I could still do their 30-day trial. Interactive Brokers price is $40~/month I think, still going through the website.
Well looks like I'll need to spend some money to paper trade. Appreciate the help.
I definitely wouldn't be spending $30/Month to paper trade.
Have you tried setting an account up with IG Markets? They have a decent web platform for futures I believe. I don't know how strict they are taking on new clients.
No they don't offer 'futures' trading.Have you tried setting an account up with IG Markets? They have a decent web platform for futures I believe.
Hi All,
As you can probably tell I kinda got extremely busy and have reneged on my promise to do a segment on Dividend Yields as they approach the end of the cycle. I also need to do some prep work in this area. It's easy enough to put this information together and I did have it on my old comp, but I need to rebuild it and it will take me a couple of hours to collate the data....a couple of hours that I just don't have to spare as we approach the end of the financial year.
I'll try and get back to this when things are a bit more normal for me but the next few months are shaping up to be fairly busy.
Alternatively if someone else wants to do the groundwork and post it here we can discuss the implications.
What is required is a data sample of the top stocks by market capitalisation over the recent cycle (mid '03 to end '07). ASX50 would be good ASX100 is better. What you are looking for is the actual dividends paid during this period of time for the constituents of the index, compared to the share price. (To give you the Dividend yields). Alternatively you can use the EPS (earnings per share) figures. Monthly figures are fine for this purpose.
You'll then need to create several things...
1) A chart showing the fluctuations across the whole index
2) A chart showing the fluctuations across industry sectors (Use the GICS clasification)
The reason for the two is that changes in the sectors reveal things that you cannot see when you look at the index as a whole. For example, you'll see interesting things happening to the yields on Utility companies because of the correlation with the Credit cycle and interest rate cycle, and this is expressed in the dividend yield information.
I'll check back in a week or so to see if someone has posted the info. Feel free to discuss it of course if I am not around about what you think is happening across the various sectors. (and perhaps some of the old salts around here can give us their opinions as well).
Cheers
Sir o
Hi Sir Osis,
Assuming you still post here, has your recommendation of two investment properties before shares changed given the current economic outlook? The housing market looks to be slowly deleveraging.
I doubt you will ever get the skills to trade prop while learning with CFDs.
No. With CFDs you just hit a button and get given a price. With Futures you execute into an exchange mostly one thats offshore.How come? Aren't CFDs just like mini futures?
Nope. You learn very little hitting a at market button of a CFD entry screen trading a couple of dollars a tick two or three times a day compared to getting a fill in an exchange at $250 to $2500 a tick and doing 10 to 100 round trips a day like you would trading prop.If a system works in CFDs shouldnt it work in futures too?
Thanks for that answer. You're right I misquoted but I suppose I was asking for your opinion on the housing market and I've got it, thank you.Jerm - I believe I said two investment properties before PPR (Principle place of residence), not shares.
Cheers
Sir O
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