Welcome to the Traders Laboratory Forums.
Brokers and Data Feeds Discuss brokers and data feeds here - forex, futures, stock, options

Reply
Old 04-05-2007, 07:44 PM   #1

Join Date: Apr 2007
Posts: 7
Ignore this user

Thanks: 0
Thanked 0 Times in 0 Posts

Online Futures Trading...Who is good to use?

What are some of the best places to trade futures online?
Also, What is their account minimum to open?
(I'm looking for a service that is as simple to use as Scottrade is with stocks.)

Thanks
baseballeyeq is offline  
Reply With Quote
Old 04-05-2007, 09:39 PM   #2

brownsfan019's Avatar

Join Date: Jan 2007
Location: USA
Posts: 4,255
Ignore this user

Thanks: 1,912
Thanked 1,789 Times in 895 Posts

Re: Online Futures Trading...Who is good to use?

baseball - most futures traders do not trade via an online form, like stocks. Since these markets can move very quickly, most traders use a stand alone program that runs on your computer. The biggest issue with using a purely online order entry is that by the time your order gets through to where it needs to go, it may be way too late for that order to execute timely.

Most software platforms offer a trial so you can see it for yourself.

I would recommend a platform called T4 (http://www.ctsfutures.com/content/t4/) I use T4 through Mirus Futures. They call it Dorman Direct b/c T4 allows each broker to put their own company name on the platform. And Mirus is an IB for Dorman Trading. I know, very confusing in the beginning.
brownsfan019 is offline  
Reply With Quote
Old 04-05-2007, 09:51 PM   #3

Soultrader's Avatar

Status: Super Moderator
Join Date: Aug 2006
Location: Tokyo
Posts: 3,623
Ignore this user

Thanks: 545
Thanked 1,370 Times in 491 Posts
Blog Entries: 4

Re: Online Futures Trading...Who is good to use?

With futures you need a fast execution system. The Infinity AT platform is extremely fast. Brownsfan mentioned T4 which is impressive as well. There are alot of futures brokers out there but only a few have tools for serious trading. Make sure you try the demos whenever available and feel comfortable with what you are using.

Alot traders use the tradestation matrix as well but I personally find it a little slow when it comes down to execution.
__________________

Soultrader is offline  
Reply With Quote
Old 04-06-2007, 11:29 PM   #4

Join Date: Apr 2007
Posts: 7
Ignore this user

Thanks: 0
Thanked 0 Times in 0 Posts

Re: Online Futures Trading...Who is good to use?

Thanks everyone.
baseballeyeq is offline  
Reply With Quote

Reply

Thread Tools
Display Modes Help Others By Rating This Thread
Help Others By Rating This Thread:


Similar Threads
Thread Thread Starter Forum Replies Last Post
Good poker players make good trader? Nextek Trading Psychology 26 10-30-2008 12:02 PM
Who has a good paper trading simulator JBahn Beginners Forum 32 04-11-2008 02:34 AM
Some Good Trading Psychology Quotes Soultrader Trading Psychology 12 02-28-2007 03:33 PM
Where are the Good Trading Rooms? nebraska Forex Trading Laboratory 2 12-03-2006 03:06 PM
online trading? Suzy Beginners Forum 1 10-08-2006 05:47 AM

All times are GMT -4. The time now is 08:26 AM.
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
CS to VB integration by DeskLancer
©2006-2011 Traders Laboratory, All Rights Reserved.