Quote from chiproptrader:
I am looking into doing some part time trading from home.
I am looking at paying close to $6/RT for the ER2 with no trading platform fee for TT.
Is this an OK deal, or are there better offers out there.
If so , where should I look.
Thanks
$6/RT is fine for any broker, as long as you are not too active intraday... if you are are doing a high trading frequency, you must look for better deals, particularly when you up your size, since low commissions are a major edge with scalping (personally, I have grown out of the scalping game, since my days as a Nasdaq scalper -- but its a good, low risk game for young and energetic traders)... if you are only doing a handful of trades a day with a 1 lot, the $6/RT is pretty standard...
Start with 1 contract and stay with 1 contract until you have netted at least 3 positive months (anything above $0, three months in a row, after subtracting commissions, feed costs, and other trading costs)... if you find you are doing upwards of 10 trades a day,
once you have hit consistency, then the commissions are probably on the high side...
Personally, I am a low frequency intraday index futures trader, so commissions do not factor into my bottomline in any significant way...
