A Typical Array Of Trading Set-Ups At An Online Trading Firm
Here is an example of an online trading platform. An Online trading execution provides several different trading platforms. What is the process through which online trading transactions actually happen? You contact the commodity broker and outline the conditions that have to occur for the go sign to flash on your trade. The broker monitors the market for the conditions to be met so he can call the clearing firm trading desk. When the conditions are met the trade is executed and the clearing firm contacts the broker, who contacts you.
This firm has several different ways to execute trades. At one level of service, the client has a broker. This is for traders who like a broker/client relationship and like to get the maximum level of advice for their trading. Its particularly useful for traders who are new to commodities futures and options. Trades are executed by the broker.
The second level of trading is to have automatic trade execution where the client has the trading decisions made automatically be a computer program. This is also known as programmed trading. You can use a standard automatic set-up of the company, or you can, if you are able to, design you own automatic futures trading system to do your trading. Once the system is started, it makes all trading decisions automatically.
The third way to trade is through online execution of trades, where several kinds of platforms and trading are available. They also have online commodities charts and commodity quotes, including future options prices. The client can trade futures, securities, and engage in Forex (foreign exchange) trading. Certain types of trading occur at the Chicago Board of Trade (CBOT) which is connected to brokers, who in turn are connected through the Internet to traders online. There is a lively debate on which online or on the floor systems are effective to make money for the trader. In fact, on different trading companies websites, different trading system are tracked over one, two , or even five years to see which one of them has yielded the highest profits. The results differ from as big a difference as +200% to negative -50% or more. In fact one trading system boasts that it has made money five out of the last six years! Not bad for something widely viewed as gambling.
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