Poll: How much $ do you on Trading tools and resources monthly?

[Nana Trader]

Please skip cost related to brokerage like commission,
wire transfer, PCs and other hardware, ...or any other
common cost that every one HAS to pay.

Costs like:
1-TA software or platform charges
2-Front ends, Scanners
3-Signals, advisory services, chatrooms, proprietary
software or any add-ons indicators.
4-News services
5-"Data" any kind including realtime exchange subscription
6-Various type of internet connection
7-Office rental or web site related cost for runing Trading
business
8- Any managed funds costs, fees and % commissions
for net profit

p.s. losses from trading are not counted

I appreciate if anyone can specify their expenses here.
Thanks for voting.

 

[Rickshaw Man]

$39.00 a month with Ensign software for IB.

 

[Nana Trader]

Quote from Nana Trader:

Please skip cost related to brokerage like commission,
wire transfer, PCs and other hardware, ...or any other
common cost that every one HAS to pay.

Costs like:
1-TA software or platform charges
2-Front ends, Scanners
3-Signals, advisory services, chatrooms, proprietary
software or any add-ons indicators.
4-News services
5-"Data" any kind including realtime exchange subscription
6-Various type of internet connection
7-Office rental or web site related cost for runing Trading business
8- any managed funds costs,fees and % commissions for
net profit

p.s. losses from trading are not counted

I appreciate if anyone can specify their expenses here.
Thanks for voting.

This is what i will use and used
1-$150 to $200
2-$50
3-$150
4-0.00
5-$50-100
6-$50
7-$150 (i don't anymore)
8-0.00
----------------
Total $450 to $550 Maximum

 

[Spydertrader]

About $150.00 USD per month for QCharts and Cable Internet Connection.

- Spydertrader

 

[Lamont_C]

$100 to $200 is too high. I spend $9/mo on SierraCharts plus my cable connection. Less than $50 all told.

 

[Cdntrader]

Quote from Nana Trader:

Please skip cost related to brokerage like commission,
wire transfer, PCs and other hardware, ...or any other
common cost that every one HAS to pay.

Costs like:
1-TA software or platform charges
2-Front ends, Scanners
3-Signals, advisory services, chatrooms, proprietary
software or any add-ons indicators.
4-News services
5-"Data" any kind including realtime exchange subscription
6-Various type of internet connection
7-Office rental or web site related cost for runing Trading
business
8- Any managed funds costs, fees and % commissions
for net profit

p.s. losses from trading are not counted

I appreciate if anyone can specify their expenses here.
Thanks for voting.

it's zero. Unless the net connection I use @ home is included.

Long live IB & QT!

 

[Nana Trader]

Quote from Cdntrader:

it's zero. Unless the net connection I use @ home is included.

Long live IB & QT!

So that means the connection is free too, what about
the Home rent?

 

[lar]

$50 High speed cable connection.

 

[KevinK]

My main cost is Realmoney.com, Cable connection, news services and level II.

 

[Nana Trader]

Quote from KevinK:

My main cost is Realmoney.com, Cable connection, news services and level II.

I never thought of using news service (Like Dow Jones
News Service which cost $95 from TS and $115 charged
by eSignal) because intraday, you will see and react faster
to the price action than the news released to you, espcialy
if using tight stop orders.

I could have saved about $100 if i had account with IB,
but still i would have used that saving and spend it on
somthing else.

I don't think it make much different to your year-end
results, not spending or saving extra 100-200$/month.
The only thing that you can control is broker commision,
and when it come to negotiation, you have to bargain
to the death, that's where you can save another few
Hundreds of $ dollors.

Lets say you are trading with at least 2 contracts, and
if you trading is profitable, you can offered to spend, on
the other hand if you are lossing, loses will have many
times more impact on your equity each day.