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Old 11-22-2007, 01:07 AM
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Re: starting in future. what fees should i pay for?

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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.

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Price is simply the 2 way auctions method of advertisement. Volume measures the willingness of market participants to transact at the advertised price (AKA perceived value).
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