what courses do you offer i am new to trading never traded and would really luv to learn how to trade futures i am look for a no BS course that teaches you what you need to know not trying to upsell you on everything
What setup (platform + datafeed) would you recommend for trading order flow based strategies on ES futures? I'm looking for footprint charts, deltas, DOM, absorption, exhaustion etc. Down the line I would want to write an automation script for this strategy too..
Thanks for the heads up on Tradeovate. I made it to the end! Nice video. I have been practicing trading the miniS&P on TOS as I have a TD account already. They won't let me have level 2 options, short stocks or trade futures though. So I am looking for a new secondary platform to trade futures on. I have been successful on TOS on paper trades and I love that there is no PDT rule. I joined IBKR but the platform is super confusing for a newbie like me. Thanks again!
Thank for the comment. Tradovate good place to start. Hear ya on IB TWS, it's pretty crappy. NinjaTrader has a connection to IBKR that is really good. I just posted a video on how to try out Ninja and some unique bars we use if you wanna check that out.
So when you deposit the initial mininum $250 on Tradovate are you spending that money or is there so you can start trading once you're ready with thay same money?
You aren’t required to trade the live account. You do need to buy a data plan which costs about $15/mo and then you can trade your demo account for as long as you need to.
I don't provide advice :), but I wouldn't trade with $500. I'd look at one of the prop programs where you can have a no-risk demo account to learn how to trade leveraged markets like futures. Check out Apex Trader Funding. tradersdevgroup.com/apex Coupon: TDG9080 to get 90% off!
@@futuresfanatic Ok thank you I'll check it out rn. I know 500 is def a small amount so I prob wouldn't even bother unless I used at least 1000 but ya I hear ya
I use a Mac and I like MotiveWave. It is quite extensive and robust. The tools are easy and quick to use (you don’t have to scroll and scroll as in Trading View)
Thanks for the comment/question. I haven't used the Jigsaw tools in quite some time so not able to guide there. You might check futures.io as I'd suspect there would be a thread on the topic.
Futures do not have any PDT restrictions, one of the many reasons they are a superior asset class for day-trading. Account minimums are around $500, but a better route is to look at the online futures prop trading programs where you don't need to risk any of your own capital while learning futures.
Just what I was looking for, thanks for explaining the difference between different platforms and brokers! I just got started with apex and difficult to understand the different platforms. What does Rithmic fall under? a platform also? Is Ninja it's own platform and broker like you said tradovate is?
Yes, NinjaTrader has a broker Ninja Brokerage and Ninja now owns Tradovate too. You might check out my free course for more everything futures goodness. tradersdevgroup.com/free-futures-course/
Sierra Chart (the standard Package 3) is no longer free from 1 April 2021 through AMP (Sierra's decision to stop that model). But still only US$26 (with discounts for 3 or 6 month payments). Still low cost I think for what it does. And data still via AMP. But now would need to look at other AMP supplied platforms if super price sensitive.
Great video as always! 👍 I wanted to ask something unrelated: 🤔 I only have these words 🤔. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What is this? 🤔
Most brokers prevent the opening of new positions the week of the contract expiration. Open contracts are settled on expiration in different ways depending on the product / instrument. In the case of stock indices, positions are simply closed, auto-liquidated resulting in either a profit or loss depending on the closing price.
Great video....I've been trading live for a little under a year primarily with tos but also have a tradovate acct....my problem with tradovate is that when the markets go crazy the platform seems to freeze for a couple of seconds, sometimes up to 5 or 6 at a time....the system clock and dom just literally do not move and the clock will just hang and skip fwd 2-5 seconds seems to be the most common....i have tos running on another screen which is fine so I'm pretty sure it's not on my end but support keeps telling me that it's not on their side....have you ever heard of this problem? again it's usually only when volatility and volume go haywire, during "normal" periods it seems to work fine....thanks for any input
I do see the same issues. I've mentioned in other comments performance glitches when the markets speed up, though I'm likely not a good use case as I stream live and have many other trading applications running in addition to Tradovate web and desktop so I believe it's local at least for me. I do see lags occasionally even on Ninja Trader and always on IB TWS. My most reliable platform is Trading Technologies (TT).
@@futuresfanatic ok thx.... I'll check out tt... I've heard that light speed is the fastest as far as execution but I don't even know if you can trade futures on it
@@marksmann5636 Don't think Lightspeed offers futures. I've slowed down a lot in my old(er) age so don't need super fast execution, just a platform that stays up and can handle the data surges. Keep in mind that sometimes the culprit is data provider (CQG, Rithmic).
@@deannacobb5376 it's very hefty. Check with your broker as they can sometimes offset the fees based on your trading volume. www.tradingtechnologies.com/resources/pricing/
I prefer trading futures at a futures only broker (AMP, Tradovate, StoneX, NInja, etc) as the commission and margins are more competitive than Schwab / TOS. My favorite of the big brokers for futures is Interactive Brokers that has a connector to NinjaTrader.
@@futuresfanaticthis is a great comment. My biggest concern is commissions. What’s the cheapest overall long-term broker/platform combo to trade futures? I don’t need any data, just RSI.
Some firms do a credit check, but I don't believe there is a minimum income requirement. You might check out the prop trading firms so that you don't have to deposit any of your own capital to learn futures trading.
I was with Elite trader funding program, but due to their 20/80 profit split, No news trading, 40% rule, 80% monthly charges - I am switched to Apex trader funding instead, especially with the 80% discount. However, I am having such difficulty trading with Ninja because I had a great setup with Tradovate for trading and Trading view for chart. Is there a way to have Trading view with Apex trader funding?
Not currently but I hear they'll be rolling out Tradovate soon. And the integration will be between all platforms, Ninja, Tradovate, and TradingView. Trade on any interchangeably. They'll also have EOD programs at some point too!
I'm not a fan of TOS for trading futures, but if you already have an account at TD/Schwab then you can start there. The margins are a lot higher than the day-margins offered by futures only brokers like AMP, Ninja, StoneX, etc.
what are a few of the best platforms for rapid-fire day trading? not technically 'high frequency' but very fast manual trading. multiple trades per minute in some cases. for example, there is a broker out there called LightSpeed that claims to be the best for rapid trading with great fills. i've been warned that Tradavate + TradingView is not the best combination for rapid day trading. too many moving parts or something. thank you
You first need a Windows, thick client application. Web-based platforms like Tradovate and TradingView are not suitable for anything “rapid-fire.” NinjaTrader is the best if you are a chart trader. Trading Technologies (TT) is best for DOM traders.
Great video, Which plan should I get with Tradovate if I trade Micros? There is the plan free, the $99 plan, the commission free plan $199. I know it is how many contracts gets traded monthly, but I would like to know the cutoff limit of one plan vs the other. Cheers
Sounds like you are already trading micros live? If you'd be new to Tradovate, it might be best to start with no plan, just the regular commission schedule and then see how you like the platform, customer services, etc. Most of the best deals are on an annual plan which is probably "risky" (ha!) until you know you've found a home.
TradingView is great for charting and analysis across asset classes. Though it has broker integration it can't compete with a native platform like ToS or TWS in terms of execution. But for futures specifically, I would choose a futures only broker and use platforms like Ninja, Tradovate, Sierra, or others.
is there anyway you could show how to purchase and sell natural gas futures for these platforms and show all the fees and commission prices as well as explain data costs and how they will rack up, and explain why you would need to use a combination of platforms, it seems with the fees on these a person might want them to be good enough to stand alone, and why would you want trading view if your not going work in the futures market
Thanks for the comment. Probably more than I could outline in a reply. Natural Gas is traded under the symbol NG and you can find it on most platforms with a CME data bundle. Always remember that your friend for everything futures is the CME. www.cmegroup.com/trading/energy/natural-gas/natural-gas.html
@@futuresfanatic right now i just use BOIL and KOLD but what im wonder is difference cost between WEBULL and actual futures is doesn't seem like it would worth the few hours in the middle of the night to do it , the actual costs adding up is what i would need to see before researching further, i understand the tickers i follow them on Barcharts for free so i will know the opening price at premarket on KOLD and BOIL
@@hayseedfarmboy Trading Nat Gas ETFs are completely different animals than energy futures and transaction costs are the least of the issues. It's best to stay away from energy futures until you have some experience with basic stock index futures first.
@@futuresfanatic ok i get that, but what are the expenses an actual example per P&L percentage compared to cost , what are advantages that justify those cost is what im asking, lets say im going to pull at least 300% P&L this year likely 400% P&L and a stretch 600% how can these platforms increase that and justify the added expense
@@futuresfanatic and if transaction cost are the least of the difference please explain that , what do mean, some solid information could be useful, you may want to read your statement , it comes off as deflective and generally thats a flag for some one being less than forth right to put it politely
I don't use IronBeam with TradingView but if it is a supported integration then the performance should be acceptable to good, but generally I wouldn't use TradingView as a front end for scalping or frequent trading.
Solid platform. I coded in Easy Language for a long time. Brokerage services are average. For most, though, it's over kill and the developer ecosystem has all moved to Ninja and other platforms.
I use tws to trade futures. The execution speed is excellent but the chart is very ugly and difficult to use and configure. I'm thinking of switching to Ninja Trader in the near future. thanks for this video
There are several. The most accessible is via Interactive Brokers. I believe the "retail" API is Rest but they also have FIX for registered entities. www1.interactivebrokers.com/en/index.php?f=5041
@@futuresfanatic Thx a lot, I just saw the page you provided. Great news. Is IB the broker to use these days or are there any competitors on the same level? I heard from amp, ninja traders etc but don't know whether they allow connecting an app that is communicating with their platform via an API.
Yes, you can trade FDAX and the Mini-FDAX at Tradovate, IB, AMP and other U.S. Brokers. "Leverage" is generally Forex/CFD terminology. With CME Futures products, the margin is set by the exchange and then brokers (FCMs) can set their own initial, day-trade, and maintenance margin. In dollar terms, most brokers require between $100-500 in margin per micro contract.
@@futuresfanatic Thank you so much. I was absolutely in panic when I found that CFDs are banned in US. I thought only stocks are there. But futures have the same margin as CFDs leverage and much lower spreads which is amazing. The margin is 1:20 anyway, but one can use 1:10 with money management.. CFDs are just for people that cant afford real contract.
If your platform is freezing you need to upgrade your RAM. Other platforms such as Trading Technologies, Motive Wave, and Quantower will also require a lot of resources.
hey guys, my name is Cassio I'm Brazilian and I don't live in Australia, I want to know how the taxation on day trade in futures in Australia for foreigners works
@@futuresfanatic is the execution any better on NinjaTrader vs AMP? I went with NinjaTrader because they convinced me that the execution would be better than AMP but Amps seems way cheaper. And what should I use with AMp or ninja if I’m scalping or day trading. Which data bundle? All that good stuff
Hey I live in Canada and I was wondering if I could trade with ninjatrader. If I can would I need to set up a bank account in the US or how would the money part of it work
Contact Ninja Brokerage for the lastest but there are Canadian members in my trading group that use Iron Beam (via GFF) and Interactive Brokers Canada. NinjaTrader has a connector to Interactive Brokers.
Hey I am just wondering what did you end up choosing. I had tradestation for almost 10year and they are leaving Canada due to political restrictions on brokerage house.
Something about futures trading seems to good to be true. If i trade a strategy successfully say trading the ES with 1 contract then over time as the account grows you can take on more contracts so $100 trades now trading 5 contracts would be equivalent to $500. But then the question comes in at what contract level do you hit a market ceiling ? At some point you may suffer slippage, partial fills and low liquidity. So how do u know what that point is ?
Since futures are highly leveraged products, they are capital efficient and there isn't a need to trade large size. That said, if you trade ES, MNQ and/or bonds (ZN) there is plenty of liquidity, slippage is minimal, and you could fill hundreds of contracts within a few ticks.
Hello, congratulations for the channel! In the past I have traded with the broker Infinity Futures and Sierra Chart, and I must say that Sierra is really good! I do day trading, statistical study and ATM positions. I doubt whether to use Ninjatrader with Ninja Broker, or AMP Futures with Sierra Chart. What do you recommend? And which data feed do you recommend for the study of the historian? I trade on 1-2-3, ross hook, reversal, Joe Ross trading. A thousand thanks!!!!
Sierra with AMP is a combo I prefer over Infinity. NjnjaTrader will take some time to learn but overall I prefer it to Sierra. I would still edge toward Ninja since they now own Tradovate so you get a web and mobile platform too which isn’t available for Sierra.
@@futuresfanatic Hi, I really want to try Tradovate's platform and use a reputable broker like AMP, but apparently Tradovate no longer has any connectivity to AMP. I'm not a fan of Sierra Charts. Do you have any other suggestions on a trusted broker and a mobile/desktop platform like Tradovate that can also be used with AMP or another comparable broker?
@@rubysundae134 If you want to use AMP, you'll need to use one of the many platforms they offer. Of note, AMP never offered Tradovate as it has always been a closed platform. So if you want to use Tradovate, then open an account with Ninja/Tradovate brokerage. Also, there is nothing special or reputable about AMP versus the dozens of other FCMs.
Totally agree! It's a great platform for options on futures too. But, as you also mention, the charts and pretty lacking and they don't support trade from charts, or have advanced order management, or many other features needed for active futures trading.
Tradovate, now called Ninja Web Trader. Mnay futures brokers also offer other web based platforms like iBroker, CQG Desktop, and of course TradingView is browser based.
Not my area of expertise. Crypto futures are generally not permitted in the U.S. If you're outside the U.S. there are many options available. I have accounts with Bitget, Binance, Kraken and others. All have "platforms," most of which are TradingView interfaces.
Hello, I would appreciate a lot if you could help me with this question. 1.- I linked the plaforms Tradingview & Tradovate but when I try to buy a contract it tells me the cost is $12k USD, (In my papertrade account) How can I actually buy a contract in $50 USD? Notes: I have not paid the plan Tradovate -SIM $12.99 USD I only Paid the price to linked the account on the Ad-On When I use the demoacccount of tradovate on tradingview it doesnt tell me the trade value only when I use the papertrade of tradingview
You need a real time data plan to paper trade so the connection fee alone will not work. Once you have real time data from Tradovate or you can purchase it directly from TradingView, then you'll be able to paper trade. The smaller margin products are micros like MES, MNQ, and MYM.
@@futuresfanatic Thanks a lot Roderick! Which one you recommend more for scalping, Ninja or Tradovate & Tradingview? Is just that I learned good strategies on youtube for scalping and I was ready to try them live with tradovate and tradingview
Well I did get to the end of it; and found it "very very informative" :) but it took a lot longer than 18 minutes, I'm still too much a novice and with so much information offered at such speed; I had to go back over things sometimes several times, but I've got a lot of notes; and will watch this superb educational again because quite simply there is so much information in it. I'm also very conscious that there is a direct dollar equation between "live-information", for which you typically have to pay, and "delayed-information" which is more likely to be free. Without going back over it right now; it would seem the cheapest "live-information" is on the ninja platform?. you clearly know this business and these platforms far better than most who are also offering information and advice. (Thank you, :) "ticked and subscribed",) John - Perth - Australia
NinjaTrader is an excellent platform for charting, analysis, and execution. However, currently, the only crypto futures you can trade are ETH (Etherium) and MBT (Micro Bitcoin). Please note, these are Chicago Mercantile Exchange (CME) regulated products and very different than the "crypto futures" of all the Asian based exchanges. There is a data feed to Coinbase for NinjaTrader but trading is not yet enabled.
Appreciate the comment. In case you missed my latest, here's how you can learn trading strategies for several of those platforms in my free online course: ua-cam.com/video/ZYdDrVIUtEM/v-deo.html
Thanks a ton for this video. Ninja T does not offer advanced chart based trading and automated facilities through their basic funded account. You need to have a fully licensed version for this. Thought I might add this.
Thank you for producing this video was very informative. My only complaint was the background music, soundtrack was distracting, not necessary to continue for the entire video. Maybe at the beginning or at the end would be suitable, thanks.
@@mr.g1683 I have a video on platforms. Ninja is the best for charting and execution combination but there are many good options at AMP and Tradovate is the best web/mobile option. ua-cam.com/video/-PtVysqiCVc/v-deo.html
@@donkeyface Both Tradovate and TradingView have desktop apps for Mac. www.tradingview.com/desktop/ www.tradovate.com/devices/ You can also run all Windows apps using virtualization from VMWare Fusion or other VPS providers
@@donkeyface the only real way to run Windows programs on a Mac is virtualization or a VPS. Correct, TradingView/Tradovate currently use CQG. Many of our members use www.ninjamobiletrader.com/?rfsn=6135293.b2c82a8
Is this a question or a suggestion? :) TransAct is an FCM, not a platform and was purchased by Ninja so they are part of the family along with Tradovate. I never cared for the platforms offered at TransAct.
TradingView is great for charting and analysis and they are doing a nice job adding support for multi-asset class brokers, but it's still terrible for trade execution and order management.
Yeah, every connection to TV is via a broker API. Agreed, the UX of TradingView is top notch. But for futures trading at least, there is often a lag between TV and brokers like Tradovate, TradeStation, and others.
You have a lot of information no doubt but would be smooth if u had it written down and stick to topic in a fluent way. Lot of side notes and “by the way” and “going to talk about that later” and more “by the way” make the information get lots of interruptions. Thanks for ur vid tho
Tradestation is a good platform and decent broker but I prefer the futures focused firms / platforms like Tradovate and NinjaTrader. For all asset trading, the best retail option is Interactive Brokers. TWS, the IB platform, connects to Ninja too.
Really like the people, brokers, support staff, etc. Their platforms and technology fell behind. However, TransAct (the owner and holding company of Infinity) was recently purchased by Ninja so you may see some cross over soon. Could be worth checking out.
@@futuresfanatic I was at Infinity for almost 10 years and they were once the standard, but slipped over that last couple of years. I am now with Tradovate. Infinity never seemed to evolve and offer customers new options. As Roderick mentioned, perhaps they'll offer more now that they've been bought out.
![How To Trade Futures For Beginners | The Basics of Futures Trading [Class 1]](http://i.ytimg.com/vi/TC8b9bL0900/mqdefault.jpg)
![How To Trade Futures For Beginners | The Basics of Futures Trading [Class 1]](/img/tr.png)
11:35 - Surprise Surprise! I trade with Ninja Trader from my phone in Starbucks all the time!!!
Get my entire 30-video futures trading course for the price of a sub and your email (yeah, it's FREE!): tradersdevgroup.com/free-futures-course/
what courses do you offer i am new to trading never traded and would really luv to learn how to trade futures i am look for a no BS course that teaches you what you need to know not trying to upsell you on everything
Get my entire 30-video futures trading course for the price of a sub and your email (yeah, it's FREE!): tradersdevgroup.com/free-futures-course/
I made a trade in Starbucks and made $200 with a quick scalp. Trade /NQ lol, funny you said that.
What platform did you use?
What setup (platform + datafeed) would you recommend for trading order flow based strategies on ES futures? I'm looking for footprint charts, deltas, DOM, absorption, exhaustion etc. Down the line I would want to write an automation script for this strategy too..
Trading Technologies.
Thanks for the heads up on Tradeovate. I made it to the end! Nice video. I have been practicing trading the miniS&P on TOS as I have a TD account already. They won't let me have level 2 options, short stocks or trade futures though. So I am looking for a new secondary platform to trade futures on. I have been successful on TOS on paper trades and I love that there is no PDT rule. I joined IBKR but the platform is super confusing for a newbie like me. Thanks again!
Thank for the comment. Tradovate good place to start. Hear ya on IB TWS, it's pretty crappy. NinjaTrader has a connection to IBKR that is really good. I just posted a video on how to try out Ninja and some unique bars we use if you wanna check that out.
Do you have a training program for futures trading? You seem like a great teacher
How do you feel about trading futures on E-Trade ?
So when you deposit the initial mininum $250 on Tradovate are you spending that money or is there so you can start trading once you're ready with thay same money?
You aren’t required to trade the live account. You do need to buy a data plan which costs about $15/mo and then you can trade your demo account for as long as you need to.
Hi Roderick. Thank you for sharing your experience. Please what your thoughts on Dorman trading?
Good and reputable firm. Most access through other IBs and not directly.
Ok so if I'm just starting out and you were me. What broker and platform would you use if you had 500 bucks to start trading futures with??
I don't provide advice :), but I wouldn't trade with $500. I'd look at one of the prop programs where you can have a no-risk demo account to learn how to trade leveraged markets like futures.
Check out Apex Trader Funding.
tradersdevgroup.com/apex
Coupon: TDG9080 to get 90% off!
@@futuresfanatic Ok thank you I'll check it out rn. I know 500 is def a small amount so I prob wouldn't even bother unless I used at least 1000 but ya I hear ya
I use a Mac and I like MotiveWave. It is quite extensive and robust. The tools are easy and quick to use (you don’t have to scroll and scroll as in Trading View)
What broker?
Having a hard time deciding between AMP or Ninja to use with Jigsaw Daytradr platform. Any input on which firm is better to work with?
Thanks for the comment/question. I haven't used the Jigsaw tools in quite some time so not able to guide there. You might check futures.io as I'd suspect there would be a thread on the topic.
I like it the sum up without wasting time!
what is the minimum amout for trading, does it have same PDT rules for futures?
Futures do not have any PDT restrictions, one of the many reasons they are a superior asset class for day-trading. Account minimums are around $500, but a better route is to look at the online futures prop trading programs where you don't need to risk any of your own capital while learning futures.
Just what I was looking for, thanks for explaining the difference between different platforms and brokers! I just got started with apex and difficult to understand the different platforms. What does Rithmic fall under? a platform also? Is Ninja it's own platform and broker like you said tradovate is?
Yes, NinjaTrader has a broker Ninja Brokerage and Ninja now owns Tradovate too. You might check out my free course for more everything futures goodness. tradersdevgroup.com/free-futures-course/
Sierra Chart (the standard Package 3) is no longer free from 1 April 2021 through AMP (Sierra's decision to stop that model). But still only US$26 (with discounts for 3 or 6 month payments). Still low cost I think for what it does. And data still via AMP. But now would need to look at other AMP supplied platforms if super price sensitive.
Thanks. Great info.
Which platform on amp is free AND good (that you can recommend)? Thanks!
I use Sierra with Sierra's data feed (not order routing), so can't say re other platforms, sorry.
Great video as always! 👍 I wanted to ask something unrelated: 🤔 I only have these words 🤔. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What is this? 🤔
What do you think about IronBeam? I have it on my iPad. I like it a lot..
Yeah, like IronBeam, both the broker and their platform.
Is the $400 deposit for trading or is that the cost to use the platform and data?
The platform is free. The deposit can be used for trading and / or to cover the monthly cost of data which is about $15/mo for non-professionals .
Great video. Thank you
Just wondering what would happen if the futures contract go over expiration date without being closed out?
Most brokers prevent the opening of new positions the week of the contract expiration. Open contracts are settled on expiration in different ways depending on the product / instrument. In the case of stock indices, positions are simply closed, auto-liquidated resulting in either a profit or loss depending on the closing price.
Great video....I've been trading live for a little under a year primarily with tos but also have a tradovate acct....my problem with tradovate is that when the markets go crazy the platform seems to freeze for a couple of seconds, sometimes up to 5 or 6 at a time....the system clock and dom just literally do not move and the clock will just hang and skip fwd 2-5 seconds seems to be the most common....i have tos running on another screen which is fine so I'm pretty sure it's not on my end but support keeps telling me that it's not on their side....have you ever heard of this problem? again it's usually only when volatility and volume go haywire, during "normal" periods it seems to work fine....thanks for any input
I do see the same issues. I've mentioned in other comments performance glitches when the markets speed up, though I'm likely not a good use case as I stream live and have many other trading applications running in addition to Tradovate web and desktop so I believe it's local at least for me. I do see lags occasionally even on Ninja Trader and always on IB TWS. My most reliable platform is Trading Technologies (TT).
@@futuresfanatic ok thx.... I'll check out tt... I've heard that light speed is the fastest as far as execution but I don't even know if you can trade futures on it
@@marksmann5636 Don't think Lightspeed offers futures. I've slowed down a lot in my old(er) age so don't need super fast execution, just a platform that stays up and can handle the data surges. Keep in mind that sometimes the culprit is data provider (CQG, Rithmic).
@@deannacobb5376 TT is a great platform. The strength is the DOMS vs the charts so if you use the DOM it's a very good option.
@@deannacobb5376 it's very hefty. Check with your broker as they can sometimes offset the fees based on your trading volume. www.tradingtechnologies.com/resources/pricing/
What do you think about using think or swim to execute trades while using trading view indicators and charts?
I prefer trading futures at a futures only broker (AMP, Tradovate, StoneX, NInja, etc) as the commission and margins are more competitive than Schwab / TOS. My favorite of the big brokers for futures is Interactive Brokers that has a connector to NinjaTrader.
@@futuresfanaticthis is a great comment. My biggest concern is commissions. What’s the cheapest overall long-term broker/platform combo to trade futures? I don’t need any data, just RSI.
How much income is required so that an AMP futures account could be opened???.Is 54000USD per annum enough?
Some firms do a credit check, but I don't believe there is a minimum income requirement. You might check out the prop trading firms so that you don't have to deposit any of your own capital to learn futures trading.
@@futuresfanatic Thanks Roderick for the advice.
Hi great video, thanks for the info, I'm looking at trading cocoa options, do you have any tips on that, thanks again, Big Al.
How about for Canadians?
All the prop programs allow Canadian traders. For live trading, I recommend Interactive Brokers.
I was with Elite trader funding program, but due to their 20/80 profit split, No news trading, 40% rule, 80% monthly charges - I am switched to Apex trader funding instead, especially with the 80% discount. However, I am having such difficulty trading with Ninja because I had a great setup with Tradovate for trading and Trading view for chart. Is there a way to have Trading view with Apex trader funding?
Not currently but I hear they'll be rolling out Tradovate soon. And the integration will be between all platforms, Ninja, Tradovate, and TradingView. Trade on any interchangeably. They'll also have EOD programs at some point too!
Is think or swim good for futures trading??
I'm not a fan of TOS for trading futures, but if you already have an account at TD/Schwab then you can start there. The margins are a lot higher than the day-margins offered by futures only brokers like AMP, Ninja, StoneX, etc.
what are a few of the best platforms for rapid-fire day trading? not technically 'high frequency' but very fast manual trading. multiple trades per minute in some cases. for example, there is a broker out there called LightSpeed that claims to be the best for rapid trading with great fills. i've been warned that Tradavate + TradingView is not the best combination for rapid day trading. too many moving parts or something. thank you
You first need a Windows, thick client application. Web-based platforms like Tradovate and TradingView are not suitable for anything “rapid-fire.” NinjaTrader is the best if you are a chart trader. Trading Technologies (TT) is best for DOM traders.
Great video,
Which plan should I get with Tradovate if I trade Micros?
There is the plan free, the $99 plan, the commission free plan $199.
I know it is how many contracts gets traded monthly, but I would like to know the cutoff limit of one plan vs the other.
Cheers
Sounds like you are already trading micros live? If you'd be new to Tradovate, it might be best to start with no plan, just the regular commission schedule and then see how you like the platform, customer services, etc. Most of the best deals are on an annual plan which is probably "risky" (ha!) until you know you've found a home.
@@futuresfanatic Thank you, yes I am starting to trade with tradovate, but I wasn't sure what is the best plan yet.
How does TradingView compare to ToS? I tried the free demo but wasn't particularly blown away.
TradingView is great for charting and analysis across asset classes. Though it has broker integration it can't compete with a native platform like ToS or TWS in terms of execution. But for futures specifically, I would choose a futures only broker and use platforms like Ninja, Tradovate, Sierra, or others.
What we can use in canada?
Interactive Brokers and all of the prop programs allow Canadian traders.
is there anyway you could show how to purchase and sell natural gas futures for these platforms and show all the fees and commission prices as well as explain data costs and how they will rack up, and explain why you would need to use a combination of platforms, it seems with the fees on these a person might want them to be good enough to stand alone, and why would you want trading view if your not going work in the futures market
Thanks for the comment. Probably more than I could outline in a reply. Natural Gas is traded under the symbol NG and you can find it on most platforms with a CME data bundle. Always remember that your friend for everything futures is the CME.
www.cmegroup.com/trading/energy/natural-gas/natural-gas.html
@@futuresfanatic right now i just use BOIL and KOLD but what im wonder is difference cost between WEBULL and actual futures is doesn't seem like it would worth the few hours in the middle of the night to do it , the actual costs adding up is what i would need to see before researching further, i understand the tickers i follow them on Barcharts for free so i will know the opening price at premarket on KOLD and BOIL
@@hayseedfarmboy Trading Nat Gas ETFs are completely different animals than energy futures and transaction costs are the least of the issues. It's best to stay away from energy futures until you have some experience with basic stock index futures first.
@@futuresfanatic ok i get that, but what are the expenses an actual example per P&L percentage compared to cost , what are advantages that justify those cost is what im asking, lets say im going to pull at least 300% P&L this year likely 400% P&L and a stretch 600% how can these platforms increase that and justify the added expense
@@futuresfanatic and if transaction cost are the least of the difference please explain that , what do mean, some solid information could be useful, you may want to read your statement , it comes off as deflective and generally thats a flag for some one being less than forth right to put it politely
Hello, Can you please let me know how Ironbeam broker is when Sync with Trading view for execution. Is it fast or okay okay
I don't use IronBeam with TradingView but if it is a supported integration then the performance should be acceptable to good, but generally I wouldn't use TradingView as a front end for scalping or frequent trading.
Hi Rod, i hope you can make a vid on how to connect a TD account to N8. Thanks a lot.
ninjatrader.com/ConnectionGuides/TDAmeritrade-Connection-Guide
What's your take on tradestation.
Solid platform. I coded in Easy Language for a long time. Brokerage services are average. For most, though, it's over kill and the developer ecosystem has all moved to Ninja and other platforms.
What is a great futures broker that allows MT4 platform? Any of the three above you have mentioned above do this?
Check with AMP Futures. I believe they offer MT5, not sure about MT4.
I use tws to trade futures. The execution speed is excellent but the chart is very ugly and difficult to use and configure.
I'm thinking of switching to Ninja Trader in the near future.
thanks for this video
Your welcome. Yeah, TWS is not a good home for futures trading. I think you'll like either Ninja or their web offering Tradovate.
Is there any platform where I can trade futures via an API?
There are several. The most accessible is via Interactive Brokers. I believe the "retail" API is Rest but they also have FIX for registered entities. www1.interactivebrokers.com/en/index.php?f=5041
@@futuresfanatic Thx a lot, I just saw the page you provided. Great news. Is IB the broker to use these days or are there any competitors on the same level? I heard from amp, ninja traders etc but don't know whether they allow connecting an app that is communicating with their platform via an API.
@@Andersson584 IB is the best I'm aware of.
@@futuresfanatic Thx again for your insights!
@@Andersson584 why trade with an API and what is it?
So you advise cqg over rithimic?
CQG is a more reliable data feed.
In USA right? What leverage on trading FDAX? Is it even allowed in USA?
Yes, you can trade FDAX and the Mini-FDAX at Tradovate, IB, AMP and other U.S. Brokers. "Leverage" is generally Forex/CFD terminology. With CME Futures products, the margin is set by the exchange and then brokers (FCMs) can set their own initial, day-trade, and maintenance margin.
In dollar terms, most brokers require between $100-500 in margin per micro contract.
@@futuresfanatic Thank you so much. I was absolutely in panic when I found that CFDs are banned in US. I thought only stocks are there. But futures have the same margin as CFDs leverage and much lower spreads which is amazing. The margin is 1:20 anyway, but one can use 1:10 with money management.. CFDs are just for people that cant afford real contract.
@@futuresfanatic but which broker is absolutely best for futures YM and FDAX? Where is the lowest commission with certified and reliable broker
@@futuresfanatic NO you can't trade FDAX in USA.
U.S. residents are unable to trade options on futures for most foreign indicies
@@dominludwin7 I didn't say anything about options.
I watched hoping you wouldnt say Sierra and Ninja. Ninja is better than Sierra but it freezes. I need something that can handle the load....
If your platform is freezing you need to upgrade your RAM. Other platforms such as Trading Technologies, Motive Wave, and Quantower will also require a lot of resources.
hey guys, my name is Cassio I'm Brazilian and I don't live in Australia, I want to know how the taxation on day trade in futures in Australia for foreigners works
TastyTrade is one of the few U.S. based brokers that provides accounts/futures trading in Australia. I'd check with them.
@@futuresfanatic Thank you
Great video, answered all my questions. Thankyou so much 🙏
Happy to help!
i heard bad things about AMP... not sure why you placing it here
I've had a good experience with AMP. For the combination of cost and platforms, it's the best option for beginners.
@@futuresfanatic is the execution any better on NinjaTrader vs AMP? I went with NinjaTrader because they convinced me that the execution would be better than AMP but Amps seems way cheaper. And what should I use with AMp or ninja if I’m scalping or day trading. Which data bundle? All that good stuff
Hey I live in Canada and I was wondering if I could trade with ninjatrader. If I can would I need to set up a bank account in the US or how would the money part of it work
Contact Ninja Brokerage for the lastest but there are Canadian members in my trading group that use Iron Beam (via GFF) and Interactive Brokers Canada. NinjaTrader has a connector to Interactive Brokers.
Hey I am just wondering what did you end up choosing. I had tradestation for almost 10year and they are leaving Canada due to political restrictions on brokerage house.
@@ac-jn3wz I just used ninja trader they are good but I didn’t go to far with them because it just stopped and did other stuff
@@westonh991 ic. Thanks for the reply. greatly appreciated
Something about futures trading seems to good to be true. If i trade a strategy successfully say trading the ES with 1 contract then over time as the account grows you can take on more contracts so $100 trades now trading 5 contracts would be equivalent to $500. But then the question comes in at what contract level do you hit a market ceiling ? At some point you may suffer slippage, partial fills and low liquidity. So how do u know what that point is ?
Since futures are highly leveraged products, they are capital efficient and there isn't a need to trade large size. That said, if you trade ES, MNQ and/or bonds (ZN) there is plenty of liquidity, slippage is minimal, and you could fill hundreds of contracts within a few ticks.
Anyone have experience with iron beam?and there firetip x platform?
Yes, solid broker and platform.
Hello, congratulations for the channel! In the past I have traded with the broker Infinity Futures and Sierra Chart, and I must say that Sierra is really good!
I do day trading, statistical study and ATM positions. I doubt whether to use Ninjatrader with Ninja Broker, or AMP Futures with Sierra Chart. What do you recommend? And which data feed do you recommend for the study of the historian? I trade on 1-2-3, ross hook, reversal, Joe Ross trading.
A thousand thanks!!!!
Sierra with AMP is a combo I prefer over Infinity. NjnjaTrader will take some time to learn but overall I prefer it to Sierra. I would still edge toward Ninja since they now own Tradovate so you get a web and mobile platform too which isn’t available for Sierra.
I don’t know anything about Joe Ross trading.
@@futuresfanatic Hi, I really want to try Tradovate's platform and use a reputable broker like AMP, but apparently Tradovate no longer has any connectivity to AMP. I'm not a fan of Sierra Charts. Do you have any other suggestions on a trusted broker and a mobile/desktop platform like Tradovate that can also be used with AMP or another comparable broker?
@@rubysundae134 If you want to use AMP, you'll need to use one of the many platforms they offer. Of note, AMP never offered Tradovate as it has always been a closed platform. So if you want to use Tradovate, then open an account with Ninja/Tradovate brokerage. Also, there is nothing special or reputable about AMP versus the dozens of other FCMs.
But Mini-Dax Futures is in Euro currency 1tick=5Euro, so how does is work when you live in USA and have Tradovate with dollars?
Euro based Eurex and CME products are converted into your base currency each day. So, yes, trading the FDAX in the U.S. has some currency risk too.
@@futuresfanatic My last question is - Where can I trade VX(VIX) futures? Tradovate doesn't have it
@@dominludwin7 You can trade VIX futures at AMP and Interactive Brokers.
Hello I am new in the futures world, Can anyone tell me if MT5 is a futures platform ?
Yes, you can trade futures on MT5, but not MT4. AMP Futures offers MT5, but it's the worst of all their options. Quantower a much better choice.
have you tried out quantower?
Yes, excellent platform. I mention it in a follow-up video on platforms.
Tastyworks for options and stock only. I love it. No way to use graphs for futures so never tasty for futures.
Totally agree! It's a great platform for options on futures too. But, as you also mention, the charts and pretty lacking and they don't support trade from charts, or have advanced order management, or many other features needed for active futures trading.
Does ninja trader offer a histogram chart for volume?
Yes, but it does require a paid license. The order flow volume suite of 5 indicators is unfortunately not available in the free version.
@@futuresfanatic oh I see thanks
what a great motivator you are always like to watching your videos🕶
which can I use on chrome book ?
Tradovate, now called Ninja Web Trader. Mnay futures brokers also offer other web based platforms like iBroker, CQG Desktop, and of course TradingView is browser based.
I got all the way to the end ... lol.
Hello ! I am looking for a plat form for single click futures for crypto
Not my area of expertise. Crypto futures are generally not permitted in the U.S. If you're outside the U.S. there are many options available. I have accounts with Bitget, Binance, Kraken and others. All have "platforms," most of which are TradingView interfaces.
Hello, I would appreciate a lot if you could help me with this question.
1.- I linked the plaforms Tradingview & Tradovate but when I try to buy a contract it tells me the cost is $12k USD, (In my papertrade account)
How can I actually buy a contract in $50 USD?
Notes:
I have not paid the plan Tradovate -SIM $12.99 USD
I only Paid the price to linked the account on the Ad-On
When I use the demoacccount of tradovate on tradingview it doesnt tell me the trade value only when I use the papertrade of tradingview
You need a real time data plan to paper trade so the connection fee alone will not work. Once you have real time data from Tradovate or you can purchase it directly from TradingView, then you'll be able to paper trade. The smaller margin products are micros like MES, MNQ, and MYM.
@@futuresfanatic Thanks a lot Roderick!
Which one you recommend more for scalping, Ninja or Tradovate & Tradingview?
Is just that I learned good strategies on youtube for scalping and I was ready to try them live with tradovate and tradingview
@@Despertar-Global Either Ninja or Tradovate. TradingView will have too much latency to get the order back to the connected broker.
Not IronBeam?
IronBeam has released a new platform since I recorded the video. I haven't used it but heard good things.
Is Falcoin trading platform legit ?
Not sure, never heard of it.
Can you cover atas?
Well I did get to the end of it; and found it "very very informative" :) but it took a lot longer than 18 minutes, I'm still too much a novice and with so much information offered at such speed; I had to go back over things sometimes several times, but I've got a lot of notes; and will watch this superb educational again because quite simply there is so much information in it. I'm also very conscious that there is a direct dollar equation between "live-information", for which you typically have to pay, and "delayed-information" which is more likely to be free. Without going back over it right now; it would seem the cheapest "live-information" is on the ninja platform?. you clearly know this business and these platforms far better than most who are also offering information and advice. (Thank you, :) "ticked and subscribed",) John - Perth - Australia
Thanks for the comment. I have a free video course if you'd care to check it out. tradersdevgroup.com/free-futures-course/
How is Ninja trader for trading Crypto futures?
NinjaTrader is an excellent platform for charting, analysis, and execution. However, currently, the only crypto futures you can trade are ETH (Etherium) and MBT (Micro Bitcoin). Please note, these are Chicago Mercantile Exchange (CME) regulated products and very different than the "crypto futures" of all the Asian based exchanges. There is a data feed to Coinbase for NinjaTrader but trading is not yet enabled.
Great info. I did watch all the way to the end, thanks
Awesome, thank you!
Appreciate the video . Very informative! Watched it all 👍
Appreciate the comment. In case you missed my latest, here's how you can learn trading strategies for several of those platforms in my free online course: ua-cam.com/video/ZYdDrVIUtEM/v-deo.html
I need tick charts who do i use?
The best tick charts are Ninja using Rithmic or CQG data. I'd stay away from tick data from Interactive Brokers if you connect to Ninja.
What are your thoughts on FGCT as a platform?
Unfortunately none as I'm not familiar with it at all. Actually have never heard of it.
Thanks a ton for this video. Ninja T does not offer advanced chart based trading and automated facilities through their basic funded account. You need to have a fully licensed version for this. Thought I might add this.
Yep, you're correct. There are a few indicators and functions that are only available in the licensed version of Ninja.
@@futuresfanatic Including the Chart Trader. How the F are you supposed to scalp the es without a chart trader? You can't and they know it.
What best platform to macs?
TradingView desktop or Tradovate desktop. I cover both in this video. ua-cam.com/video/Cny-1fJYAaM/v-deo.html
Thank you for producing this video was very informative. My only complaint was the background music, soundtrack was distracting, not necessary to continue for the entire video. Maybe at the beginning or at the end would be suitable, thanks.
Yeah - no music in more recent videos and I'm told I also ramble less. :)
@robertdonovan8801 Useless comment
Thank you but music was annoying
How much do they pay you for advertising the platform?
I have been asked to do sponsored videos but do not. If I ever do, I will note it. So the answer is zero.
Thanks man! Great video
Glad you liked it!
I love Sierra Chart
thanx
Thx back at ya.
What broker offers the lowest margin to trade (MES) MICRO E-MINI S&P 500 FUTURES
AMP Futures & Ninja Broker
@@futuresfanatic thank you kindly. Do you use either?
@@mr.g1683 Yes, I have accounts at both and Interactive Brokers and Tradovate.
@@futuresfanatic which do you find best for charting and which best to trade
@@mr.g1683 I have a video on platforms. Ninja is the best for charting and execution combination but there are many good options at AMP and Tradovate is the best web/mobile option. ua-cam.com/video/-PtVysqiCVc/v-deo.html
thx Roderick
No MotiveWave?
Yeah, not a fan of MotiveWave or MultiCharts. But like most software, it's often just familiarity as the feature sets are similiar.
@@futuresfanatic nothing native to Mac 🖥 worth mentioning. 😞
@@donkeyface Both Tradovate and TradingView have desktop apps for Mac.
www.tradingview.com/desktop/
www.tradovate.com/devices/
You can also run all Windows apps using virtualization from VMWare Fusion or other VPS providers
@@futuresfanatic But won't work with Rithmic i don't think??
@@donkeyface the only real way to run Windows programs on a Mac is virtualization or a VPS. Correct, TradingView/Tradovate currently use CQG. Many of our members use www.ninjamobiletrader.com/?rfsn=6135293.b2c82a8
I’m with CedarFX 😀🙌🏻
Why the crappy background music?
To annoy you. Success!
Thanks!
Welcome!
awesome video sir
Thanks. Glad you found it useful.
Transact futures
Is this a question or a suggestion? :) TransAct is an FCM, not a platform and was purchased by Ninja so they are part of the family along with Tradovate. I never cared for the platforms offered at TransAct.
Thank You
Thanks for watching!
Tradingview that's it end of conversation.
TradingView is great for charting and analysis and they are doing a nice job adding support for multi-asset class brokers, but it's still terrible for trade execution and order management.
@@futuresfanatic Well I connect via api of TV for my broker and tbh UX of TV is much better
Yeah, every connection to TV is via a broker API. Agreed, the UX of TradingView is top notch. But for futures trading at least, there is often a lag between TV and brokers like Tradovate, TradeStation, and others.
@@futuresfanatic Aha - I didn't note that. Thanks for sharing that will have a look on that.
Quantower all day
Yeah, solid platform.
👍
You have a lot of information no doubt but would be smooth if u had it written down and stick to topic in a fluent way. Lot of side notes and “by the way” and “going to talk about that later” and more “by the way” make the information get lots of interruptions. Thanks for ur vid tho
Yep. I'm a rambling man. Newer content is more focused and has time stamps.
Too much fluff
Wow can you stay on topic ?!
Yep, I got it. Thanks.
boohoo not in canada. bs.
The best option is Canada is Interactive Brokers. NInjaTrader can connect to Trader Work Station, the IB Platform.
Hahahahhahaha IB platform really sucks. L
you waste too much time by going on a tangent
Yep, agreed!
Thanks for the info. I just opened up on Tradestation Thoughts?
Tradestation is a good platform and decent broker but I prefer the futures focused firms / platforms like Tradovate and NinjaTrader. For all asset trading, the best retail option is Interactive Brokers. TWS, the IB platform, connects to Ninja too.
@@futuresfanatic I respect that I was lead here by whatever means...I just don't know how to get rolling...I'm not going to lie...I'm terrified...lol
@@jovellebennett9597 You might check out my free futures training course. You can get instant access here: tradersdevgroup.com/free-futures-course/
What do you think about Infinity Futures?
Really like the people, brokers, support staff, etc. Their platforms and technology fell behind. However, TransAct (the owner and holding company of Infinity) was recently purchased by Ninja so you may see some cross over soon. Could be worth checking out.
@@futuresfanatic I was at Infinity for almost 10 years and they were once the standard, but slipped over that last couple of years. I am now with Tradovate. Infinity never seemed to evolve and offer customers new options. As Roderick mentioned, perhaps they'll offer more now that they've been bought out.
thank you
You're welcome.