Friday, March 25, 2011
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"When i trade at home, I often watch the sparrows in my garden. When I feed them bread, they take just a little piece at a time and fly away.They keep on flying back and forth, taking small bits of bread. You will never be able to shoot a sparrow, it is just too fast. That is the way I day trade". M. Weinstein.
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6 comments:
Hi FX-bird.
I know you use IB/Ninjatrader. Looking at their website it seems you must go a rather complicated set-up with ninja connecting through IB's own platform TWS FX Trader. Is this how you are running? How does that work out for you.
http://www.ninjatrader.com/ConnectionGuides/Interactive-Brokers-Connection-Guide
Thanks a mil for your reply.
Thomas
hi Thomas,
I use NT only for charting. The marks you see on the charts are entered via buy/sell buttons by me, immediately after my entries/ exits. I use IB as broker with an Excellent front end, Zerolinetrader since a while, because 1-click entries are not any more allowed on Booktrader that i used for 4 years.
I see, OK. Thanks for answering :-)
Which data provider do you have ninja plugged into? Kinetik? Zenfire?
Is Zerolinetrader freeware/comes with IB free?
/Thomas
I use IB feed for data, so i knoe precisely where i am. ZT is not free, $120/year, a lot cheaper than other solutions.
I really like the level of consistency with you. I have learned a lot from this while the important lesson I have got is to be choosy with when to trade instead of throwing random darts because then it could be very risky. I do it all very nicely thanks to OctaFX broker using their marvelous features which include 50% bonus, zero balance protection, small spread, swap free account and much more, it’s all very good and useful to work with.
For traders who are new to the art of trading in Contracts for Difference market, use of tools and strategies to obtain accurate trade information could be confusing and tough at the same time. FXB Trading offers many educational articles to help these beginners learn the tricks of the trade in their climb to the top in a FXB Trading market.
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