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

Discussion in 'Educational Resources' started by Nana Trader, Jul 2, 2005.

please read below before voting

  1. $100 to $200

    122 vote(s)
  2. $210 to $300

    39 vote(s)
  3. $310 to $450

    20 vote(s)
  4. $460 to $600

    16 vote(s)
  5. $610 to $800

    9 vote(s)
  6. $810 to $1,000

    7 vote(s)
  7. $1,010 to $1,500

    8 vote(s)
  8. $1,510 to $3,000

    8 vote(s)
  9. $3,000 to $10,000

    7 vote(s)
  10. $10,000 to ...........

    9 vote(s)
  1. 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
    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.
  2. $39.00 a month with Ensign software for IB.
  3. This is what i will use and used
    1-$150 to $200
    7-$150 (i don't anymore)
    Total $450 to $550 Maximum
  4. About $150.00 USD per month for QCharts and Cable Internet Connection.

    - Spydertrader
  5. $100 to $200 is too high. I spend $9/mo on SierraCharts plus my cable connection. Less than $50 all told.
  6. it's zero. Unless the net connection I use @ home is included.

    Long live IB & QT!
  7. So that means the connection is free too, what about
    the Home rent? :D
  8. lar


    $50 High speed cable connection.
  9. KevinK

    KevinK Guest

    My main cost is Realmoney.com, Cable connection, news services and level II.
  10. 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.
    #10     Jul 2, 2005