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  1. J

    How do market makers make money?

    I know what the spread is but it still doesn't make sense. If there is a stock which is crashing hard then how are they not losing money. It seems all of you also have no idea how it works - you keep spewing out the same nonsense about the spread but don't actually understand the spread has...
  2. J

    How do market makers make money?

    I've looked everywhere but still can't figure out how they make money. If they are required to provide liquidity by always being there to either buy or sell a stock, how are they not losing money on an obvious 'pump and dump' stock where the price jumps by 400% in one day, only to then come...
  3. J

    What do you guys use to backtest a strategy?

    Thanks all but can someone give a basic step by step guide? How do I get the historic data? and then how do I load it into Python? I have no idea where to start as I'm new to trading Thanks in advance for your help and sorry to be a pain
  4. J

    What do you guys use to backtest a strategy?

    Thanks for your reply Felix, but I'm trying to find all stocks which meet my parameters, so I don't know the tickers I'm interested as that's what I'm trying to find out Is there anyway you know of to find this out? Basically I want to do a historic equity feed type scan, there must be a...
  5. J

    What do you guys use to backtest a strategy?

    Thanks Felix! Very informative reply, so what would be the final manual step to get historic data according to my parameters, as you are right, scanners only give a real time scan of the market and not historic so where would I go for that info?
  6. J

    What do you guys use to backtest a strategy?

    Thanks everyone, this is extremely helpful. I'm very new to trading so could you give a quick step by step summary as to where you first get the data to then backtest your strategies? Am I right in thinking, it's all already within the backtest program? So for instance, if I want to look at all...
  7. J

    Which Level 2 should I pay for? Interactive Brokers or Equityfeed?

    that's awesome! so you mean in bookmap you can see which bids/ offers are new and which are existing? that's a cool feature and since I guess it helps figure out if people are sending 'fake' bid/ offers right?
  8. J

    What do you guys use to backtest a strategy?

    As per the title, what software/ website do you use?
  9. J

    Which Level 2 should I pay for? Interactive Brokers or Equityfeed?

    cool thanks for your reply, so if you use bookmap for level 2 - is there much delay compared to the quotes you see on there and the Level 1 prices you see on IB? That's my biggest concern because obviously I want the same price I see on level 2 of bookmap or another platform when i actually...
  10. J

    Which Level 2 should I pay for? Interactive Brokers or Equityfeed?

    Thanks for your reply, if you use QuoteStream for level 2 - is there much delay compared to the quotes you see on there and the Level 1 prices you see from whichever broker platform it is that you use? That's my biggest concern
  11. J

    Which Level 2 should I pay for? Interactive Brokers or Equityfeed?

    My broker is IB and they charge for level 2 quotes (as do Equityfeed). I will be paying for equityfeed but want to know if I should add their level 2 quotes to my package or pay IB for their level 2 data? Also on a sidenote, where can I go to see detailed historic quotes so that I can backtest...
  12. J

    How to trade forex immediately

    How was I spared? I almost doubled my demo account doing the exact same thing I would have done with a live account
  13. J

    How to trade forex immediately

    I'm a newbie but I did my research beforehand albeit it quite late. I was right. The move I anticipated was that the GBP/ USD would fall significantly from what it was when I originally started this thread due to the US government inevitably announcing that they had reached a deal. I could...
  14. J

    How to trade forex immediately

    No of course I'm not trolling, I opened an account with forex.com and they approved me immediately however I've now heard bad things about them so is there anyone similar who approves immediately but is actually reputable?
  15. J

    How to trade forex immediately

    I've looked at Oanda, Dukascopy, Interactive Brokers but they all take at least a few business days to process your application. I need to start trading immediately as I believe something significant will happen in the markets today. Which reputable broker that offers low commissions can I...
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