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Choosing the Best Futures Trading Platform:
Charts are a trader’s best friend, so good charting is a must when deciding what platform to use. After that it depends on style. If you are a day trader you need the ability to trade with one click, because you are trying to capture quick moves in the market. If you are holding for a period of days this is obviously less important. Everyone should have risk management in their trades, so having a platform that allows you to place stop orders the way you like, (limit, market, trailing, OCO’s) is extremely important. Finally, if you are trading multiple markets, or just watching other markets that effect the one you are trading, having the ability to have multiple charts and DOMs on one screen is nice. Everyone has different style and nuances to trading, so finding what works for you will help make the experience much more enjoyable.
Other factors to consider: Read the rest of this entry »