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Can I use a Ninja demo account to trade with a live web-based account?


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  #1 (permalink)
 budfox 
Toronto
 
Experience: Beginner
Platform: Sierra
Broker: MB
Trading: ES
Posts: 313 since Jun 2013

Hi Everybody,

I will be starting to trade LIVE REAL MONEY FOR THE FIRST TIME IN A FEW DAYS!!!

yeah so excited.

I habe been on sim for about 5 weeks now (various platforms)

Well my question is this:

The free platform they are providing us (Ironbeam web based- you know the crappy one where you its basically just a website), is real crap, and I dont want to pay them to use Ninja.

So I am thinking of using a demo account Ninja platform to analyze the charts, and then when I see a setup i will just enter my trade in the ironbeam certigo web based platform.

Is this a good or stupid idea? will the demo feed and the live feed be drastically different?

PLease advise,

Thank YOU

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  #3 (permalink)
 
lifeguardsteve88's Avatar
 lifeguardsteve88 
Pompano Beach, Florida, USA
 
Experience: Beginner
Platform: S5 Trader, Ninja Trader
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I know this doesn't answer your question.... but please don't trade ES with a $2000 account.

Cheers!
Steve

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  #4 (permalink)
 traderwerks   is a Vendor
 
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budfox View Post

I habe been on sim for about 5 weeks now (various platforms)

Well my question is this:

The free platform they are providing us (Ironbeam web based- you know the crappy one where you its basically just a website), is real crap, and I dont want to pay them to use Ninja.

So I am thinking of using a demo account Ninja platform to analyze the charts, and then when I see a setup i will just enter my trade in the ironbeam certigo web based platform.


Why don't you SIM your Ironbeam / Ninjatrade combo for a few weeks and see. My gut says that the chance for entry /fat finger mistakes will be higher. You have enough to worry about , and worrying about your trade entry software should not be one of them.

Math. A gateway drug to reality.
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  #5 (permalink)
 
DarkPoolTrading's Avatar
 DarkPoolTrading   is a Vendor
 
Posts: 1,034 since May 2012
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@budfox,

All your threads center around one theme. Trading the ES live as soon as possible with $2000-$3000. It's great that you're excited. The market can definitely be an exciting place when you first come to it with all that it promises. But you seem to be ignoring the advice that has been given to you in most of your threads. The advice is not to try and keep you away from some holy grail money printing press known as the market and keep it all to themselves. The markets are big enough for everyone.

Why do you insist on trading the ES? Is there some secret ES strategy that you have developed which wont work on other markets?

Have you looked at spot forex, micro-futures, the YM or NQ. All of those options will lengthen your learning curve to varying extents because your losses will be smaller. (I presume when you read that all you're thinking is: But my profits will be smaller).

I presume you've worked hard for the capital you're about to put into the market. Surely you want it to last so that you can really make a go of being a trader? Starting on the ES with very little experience and being under capitalized is not going to allow for that.

Sorry if any of this is a bit harsh, but being a consistently profitable trader is about surviving the learning curve. Jumping into the ES with $2000-$3000 is going to result in a very short time to learn.

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  #6 (permalink)
 budfox 
Toronto
 
Experience: Beginner
Platform: Sierra
Broker: MB
Trading: ES
Posts: 313 since Jun 2013


DarkPoolTrading View Post
@DarkPoolTrading,


Why do you insist on trading the ES? Is there some secret ES strategy that you have developed which wont work on other markets?,


1. Not all advice told me to "not" trade the ES with only $2000....some said its better I start an account with only 2000 and lose a "small" amount than lose 10 000 .

I dont understand why people think its such a bad idea .


DarkPoolTrading View Post
Have you looked at spot forex, micro-futures, the YM or NQ. All of those options will lengthen your learning curve to varying extents because your losses will be smaller. (I presume when you read that all you're thinking is: But my profits will be smaller).

The ES was the first index I was introduced to, maybe you are right I should consider the other instruments.

but tell me what makes you think the instruments you mentioned are so much safer? and I see you trade currencies, what makes currencies so much safer than ES?

And Yes I want an instrument that will give me decent profits (not a $1 a point etc).




DarkPoolTrading View Post
Sorry if any of this is a bit harsh, but being a consistently profitable trader is about surviving the learning curve. Jumping into the ES with $2000-$3000 is going to result in a very short time to learn.

PLease describe what all is included in this learning curve.


And I have had made consistent profits trading stocks...and the setups are similiar in ES....

besides the risk, I dont see how index futures are tremendously more different (in fact its simpler just studying the S&P, than many different stocks)


How long have you been trading on the JSE for? (Do a lot of people in south africa trade the ES?)


Lets break this down (going way off topic to the original thread):

why would I blow my account so quickly?

I run tight stops (as in a 1point stop). Think about it: I would really need 20 consecutive losses to blow my account.... and my success rate is around 55%

anway gents back to the original topic

Using a ninja demo to trade on a real web based platform.

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  #7 (permalink)
 budfox 
Toronto
 
Experience: Beginner
Platform: Sierra
Broker: MB
Trading: ES
Posts: 313 since Jun 2013


traderwerks View Post
Why don't you SIM your Ironbeam / Ninjatrade combo for a few weeks and see. My gut says that the chance for entry /fat finger mistakes will be higher. You have enough to worry about , and worrying about your trade entry software should not be one of them.

Thanks for actually addressing the issues in the thread.

In terms of data feed wouldn't it actually be the same? or would the prices in the demo be delayed?

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  #8 (permalink)
 
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 Big Mike 
Manta, Ecuador
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budfox View Post

And Yes I want an instrument that will give me decent profits (not a $1 a point etc).

Dead giveaway of inexperienced trader. All eyes on profit, no clue on risk.

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  #9 (permalink)
 budfox 
Toronto
 
Experience: Beginner
Platform: Sierra
Broker: MB
Trading: ES
Posts: 313 since Jun 2013


lifeguardsteve88 View Post
I know this doesn't answer your question.... but please don't trade ES with a $2000 account.

Cheers!
Steve

How long you been trading the ES for? and what is your success rate?

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  #10 (permalink)
 budfox 
Toronto
 
Experience: Beginner
Platform: Sierra
Broker: MB
Trading: ES
Posts: 313 since Jun 2013



Big Mike View Post
Dead giveaway of inexperienced trader. All eyes on profit, no clue on risk.

Sent from my LG Optimus G Pro

How do you then recommend I manage my risk?

(besides have a larger account)

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Last Updated on July 16, 2013


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