EchoTrade traders

Are you sending Limit Orders at the Bid Or Ask? Are you able to execute such orders with the simulator?

 

So the simulator is re

 

sorry
The simulator is real time and you may use it to train in the first weeks.

I agree with you there is nothing like the real experience, ie trading with real money, but trading through a simulator is key if you want to develop your trading system, trading skills and your reflexes.

It's like when driving, you cannot become an excellent driver from day one. ... you must train.

 

The demo mode is real time data.

It will fill a marker order to buy on the ask and a market order to sell on the bid (which isn't always realistic on the NYSE).
Limit orders get filled but they have to sit in awhile. SImulator doesn't recognize that you may have placed your order before the market got there and were first in line. So it errors on the conserative side.

It is very easy for Echo to put anyone on the simulator who is trading with our firm. All they require is that the trader be flat to switch from demo to real or real to demo. A phone call to the clearing firm is all that is required.

Robert

 

ButterMilk,

Rtharp is right, the only downside is the limit orders. Over all its a good system.

White

 

Hi Folks,

Can anyone please elaborate on EchoTrade remote trading?

In particular:

1. How much capital you need to contribute?

2. What is the amount of leverage they provide for day/swing/intermediate term trading?

3. What are the restrictions on the withdrawal of capital and profits?

4. How are losses and gains handled? When do you receive payouts of your gains?

5. Any other benefits that come with being employed at EchoTrade? Medical?

Thanks.

-- Punter

 

Do they allow europeans to day trade in their offices in the US without a work permit and if yes what are the conditions???


Thanks for the answers

 

Hi Punter

The capital contribution minimum is $10,000 but they will then restrict you on the amount of margin.

The amount of leverage they allow depends your strategies/ experience.

You can recieve payouts on your gains twice a month

Losses and gains are 100% yours.

There is a medical plan than you can join if you wish.

Robert THarp

 

Hi There is a trader from Canada who will be joining me here in the Phoenix office next month, In Jan a trader from Sweden will be joining us here in the local office.

It can be done. I'm not clear on the conditions I would recommend calling Gabrielle and asking her.

Robert Tharp