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Forex, aka virtual market, on retail level is one of the worst. Futures are the best bet for day trading.

While things you say do sound great, if you believe all of them, you live in a very rosy world.

Looser mentality will ruin anyone in any field. Nothing to do with trading per se.

It has nothing with the ability to code, but with infrastructure costs. HFTs also enjoy things which should be illegal, such as flash trading, hidden orders and so on. During old specialist days, there were rules against front running (how often they were broken is another story). No one is...

Just read this book: Dark Pools: The Rise of the Machine Traders and the Rigging of the U.S. Stock Market by Scott Patterson It answers most of the questions about HFT, and how even very sophisticated traders are being eaten alive by HFT bots.

Bla, bla , bla. Let them talk and envy. Last time I checked people from all over the world still using any means possible to get and stay in our great country. UK does not dominate globally, yet that still did not stop f....n bastards in 2005. Pathetic.

I found it very interesting that there is not much discussions going on Jigsaw products. I would be curious to find out why. Their products are quite unique and do offer interesting DOM and T&S info. I personally coded similar staff myself and find it extremely helpful for short term trading.

Bob is not talking about futures, where hft are a lot less intrusive and damaging. He talks about individual equities.

Very good summary. Real money making edges are almost never disclosed. The only exception that I could think off was during SOES days, when Daytek, Houtkin and the like needed a band of traders to execute.

It actually shows that you do not know the subject. I rarely agree with pspr, but he is spot on that Islam wants to dominate the world. They will never stop trying.

Hi Jack, Just a plain math: 1) Starting amount: 105K, 2) made 8K 3) and somehow the account went down to 104K, Your explanation is BS. Commissions on ES are quite small. Are you saying that all your profits were eaten by commissions???? Regards, redduke

These idiots simply do not understand that FTT will only work if applied globally to all kinds of markets. Otherwise, transactions will shift to non FTT regions. Why can't they get it through their heads that FTT will not work. All their projected revenues will fall way short since the...

Agree with most things said about ET above. I looked at most of them and ET way more superior.

Be mindful of what you wish for. A society needs needs some social safety mechanism (ssi, unemployment), they act as a valve in steam engine, plus police/firefighters and so on. Then comes research with its "byproducts" used by all of us, space exploration and so on. The list is long. It's...

What I love about trading futures is that a small fish like me and large institutions will transact at the same venue. No dark pool and trades spread via 30 exchanges for the same stock. All info is visible, it just needs to be interpreted correctly.

Yep, DOM games.

The price just moves between bid and ask. If I want to sell via market order I would hit a bid at 1583, if I want to buy, I would, lift the offer at 1583.25. The size displayed in DOM are passive limit orders. Just read jigsaw website from the earlier posts, it has all beginner nuances there.

It all depends on strategy, leverage, # of contracts and many other things. 500K can just as be as too little and too much.

No clue. I asked this question on their website, and they said no ETA.

The script would have plotted on the chart bid/ask ratio in red or green depending on where the larger size sits. It accumulates bids/asks for nearest 5 levels in its calculation.