|
PureBytes Links
Trading Reference Links
|
Hi Marvin,
".il" means Israel.
I live in a town on top of a mountain in Northern Israel, about 14 km
from Lebanon. If you can trade from here, you can trade from almost
anywhere.
I don't know Bridge trading, but I'll look at their web site now. It
sounds like a 64K lease line will be a lot better than ordinary Internet
access.
Right now I'm trading over the internet temporarily. Another trader in
the same room with me has been experimenting and when he finds a good
solution, we'll all sign up. He has tried ISDN (not a big improvement, at
least not in Israel), frame-relay, and now he has some kind of connection
through S&P Israel's office which is leasing a 256k line to America. This
last solution has been the best so far. I'll find out the details from
him.
If he weren't in the same room, I would find it impossible to trade.
Sometimes I get no data at all and when I'm in a trade, I would be in big
trouble if I couldn't call out to him and get a picture of the market
until my data feed returns. The plain vanilla internet is not really
viable.
I'll let you now when I get more details.
Gila
>Hello Gila,
>
>Does ".il" mean Ireland?
>Your post is very imformative, especially for forigners to US.
>I trade spot forex and index futures, mostly daytrading, by the
>traditional phone-broker way. I'm looking for online FCM & equity
>broker to trade futures and stocks online. But the Internet stability
>is a serious concern, especially for foreigners to US.
>
>Do you have any knowledge of the Bridge Trading? I'm to lease
>BridgeStation which is delivered to my desktop via 64K lease line,
>allowing access to the Internet (not as Reuters 3000 which is confined to
>Reuters own network). So if I can place orders via Bridge's network,
>it will be the most reliable and efficient vehicle for e-trading US stocks.
>Besides, from Bridge's web I learned that Bridge Trading is capable
>of trading European, Asia-Pacific Rim & Latam stocks, an edge to
>the other US-based online brokers.
>
>I live in Taipei, Taiwan. Not comfortable in spoken English and much
>limited to the e-trading world. You mentioned the frame-relay connection
>and non-US setup, I'm very curious about this, and appreciate with your
>share of information and experience.
>
>Marvin Lin
>marvlin@xxxxxxxxxxxxx
>
>Winthorpe,
>>
>>There are 3 daytrading software packages that I know of currently popular
>>in the U.S. which do what you want. They are Real Tick III, Cybertrader,
>>and Tradecast. Some have other names but are really private label
>>versions of these three.
>>
>>First you open an account with a daytrading firm that supports remote
>>traders (this is not an "online brokerage" such as Etrade, Datek, etc.).
>>Many have web pages, such as AB Watley, MB Trading, Investscape, Harbor
>>Securities, Polar Trading, and many others. The firm you sign up with
>>will give you their software. This software is directly linked to the
>>order execution system with one keystroke. That is, you configure your
>>keyboard such that one key means, e.g., "Buy 1000 shares at the market"
>>Other keys might mean "Bid 1/16 higher than the inside bid for 1000
>>shares." The stock is whatever you clicked on last. You don't need to
>>enter an account number because that is in your setup. When you press the
>>order entry key, you will see your order on the screen and then see the
>>execution. It takes 1-2 seconds for a market order. Sometimes it seems
>>instantaneous.
>>
>>Your quote feed is part of this software package. These packages provide
>>Level II quotes, intraday charts and historical charts all of which can
>>be displayed at the same time. Each software package has its own
>>"extras." The ticker you mentioned is also standard. I use Real Tick III
>>and several basic indicators are available in it as well. You cannot
>>input any custom formulas or indicators. All of this should be run from
>>one computer, with 2 monitors. Windows 98 will give you this ability.
>>
>>The software and commission costs vary from brokerage to brokerage, but
>>they are approximately $300 per month for the software plus exchange
>>fees. Some firms will annul the software fees when you do a certain
>>number of trades per month. You might want to bypass the internet
>>altogether and get a frame-relay connection direct to the server. This is
>>more reliable. You'll have to look into the costs for yourself. I'm not
>>in the U.S., so my setup is different. Your brokerage firm should be able
>>to advise you.
>>
>>I am also running Signal/Metastock on a separate computer. I am probably
>>going to stop this. It adds significantly to the cost of trading. I am
>>paying the cost of Signal, plus another open phone line. I also find the
>>Metastock RT setup too awkward to work with in light of real daytrading.
>>For example, in Metastock, you must create a security to collect data on
>>that security. Then, the data starts only when you started. So if someone
>>suggests you quickly take a look at XYZ, in Real Tick, I type in XYZ and
>>get my 5-min chart setup the way I preconfigured it, going back 3 days,
>>and a daily chart next to it, going back 200 days. In Metastock, I
>>"create security," then open the chart, then the data starts collecting
>>at that moment. I don't know what happened earlier in the day and the
>>chart is totally out of context and meaningless.
>>
>>If you're serious about daytrading, I don't think Metastock RT or
>>Tradestation is the way to go. Of course, other people might have had a
>>different experience, and it would be interesting to hear from them.
>>
>>I hope I've answered your questions. Write again if you have more.
>>
>>Gila
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>--------------------------------------------------------------------------
>>"Who is rich? He who is happy with what he has." -- Ethics of the Fathers
>>--------------------------------------------------------------------------
>>
>
--------------------------------------------------------------------------
"Who is rich? He who is happy with what he has." -- Ethics of the Fathers
--------------------------------------------------------------------------
|