Quote from myminitrading:
So do you have a plan? a written plan. If not you need one. Trading the Index futures with second rate software and data feed is asking for trouble.
Trust me I know, data lags, corrupt data,programs freezing up during critical events is what you can expect with $40 software.
Using leverage in the index futures market requires the best software along with the best data feed. I f you just want to trade 100 shares of some stock the the products mentioned here are just fine.
If you plan on trading index futures with the pros, you better have the right gear.
I recommend CQG, they have their own data plant, the feed is rock solid, the data is flawless.
I do have a plan, but one that needs fine-tuning. Therefore for the next couple months I want to see how well this plan works via papertrading or maybe having the odd 1 contract trade here and there, mainly for educational purposes. As such I don't think I need to invest in high end software just yet, but you do make a valid point.