hey guys well i am from india ,where the trading stuff is pretty simlified(not much options).The broker software provides the chartig and trading interface. so i get my quotes and enter my order in one software itself and see the charts too. I would want to trade futures using Interactive brokers. Looking at all the software around i am getting confused. So i have a few questions. 1. what is the trading setup of most guys? for example i see lots of guys writing Quote Tracker and IB data feed. 2. so which software allows u to enter orders in Quote Tracker + Ib data feed combo? 3. does datafeed mean only data is supplied or orders are also placed through it. eg IB 4. Another example sierra charts , does it provide only charts and i have to trade using the IB TWS software OR i trade using the charting software. 5. lastly in some setups i see : Ninja trader + IB tws + sierra charts . Why are we using ninja and which place in the three software i actually hit the buy/sell button. Thanks in advance guys (cos i know pretty naive questions)
thanks a lot easyrider. Though i have one more question which brokers can i open an account with less than $2000 for futures?
I don't think you can trade with less than $2K @IB. I believe you can open an account and get their datafeed for about $500 deposit and $10 per month for datafeed to trade a demo account until you get enough capital. But you need over $2000 to open a trade at IB. QuoteTracker is a charting program that's free and will use IB's datafeed. Those two are a pretty good combo if they suit your needs but you're going to need more capital to trade regardless of where you open your account.