Support Board
Date/Time: Wed, 12 Mar 2025 12:20:58 +0000
Step-by-step instructions for futures market beginners
View Count: 685
| [2022-05-08 13:29:32] |
| Radu Sirbu - Posts: 40 |
|
Hi guys, I've traded before, but I'm new to futures instruments and I'm a bit confuses about the order of steps I have to take in order to have access to Sierra Charts & real-time data, in the beginning just paper trading and after, for normal trading. I'm aware, that in order to be classified by CME as a non-professional, I have a to make a live account & deposit ~$200, but I don't know what is the order of steps. Below are the steps I thought of and, on some of those, I have some questions. Please help me in order to have a clearer view of the whole process. My needs: - buy the most comprehensive package you offer (12, that include MBO data) & have access to real-time data via a live account on Edge Clear 1. Create Sierra Charts account - done 2. Create a live account with Edge Clear using the link in your documentation - to be done after the following clarifications -> When I open that account do I have to mention anything about Sierra Charts? Or that I want to have Denali data feed? Or Teton Futures Order Routing Service? Teton Futures Order Routing Service refers to something different than Denali data feed? Or do I just have to deposit $ 200 in this step and that's it? What other taxes besides each trade commissions should I have to pay to Edge Clear? Is exchange data paid on Sierra when I buy the package? 3. Download platform & buy the most comprehensive package from Sierra that has also the MBO data - to be done. Or should this be step 2 and after that only create account with Edge Clear? 4. Buying the most comprehensive package (MBO data included) with Denali exchange data feed will allow me to have access to all the studies in the platform? Or data for some studies is available only via certain data provider (eg Rithmic) ? I know some questions may sound silly, but I don't live in the US and this is my first time trading future instruments. I would greatly appreciate your response in order for me to proceed further with the installation of the platform and the creation of the live account. |
| [2022-05-09 15:05:11] |
| John - SC Support - Posts: 38598 |
|
It really does not matter the order in which you do everything. It's just a matter of getting them all done. 2. You will want to let Edge Clear know that you want to be setup with the Teton Order Routing Service. That should be all you need to do, and then make the appropriate deposit. 3. Doesn't matter when you do it, as long as you have an Account Name to give to Edge Clear, which you do. 4. Package 12 gives access to all the studies. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
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