Support Board
Date/Time: Thu, 28 Nov 2024 16:23:25 +0000
Post From: Im new and all confused
| [2013-12-13 01:11:22] |
| vegasfoster - Posts: 444 |
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Data feeds vary from broker to broker. Even good brokers can have lousy data feeds, depending, and for whatever reason, reliability can vary even from different brokers that offer supposedly the same data feed. The differences that can exist are 1) some brokers filter their data so you don't get all of the transactions that occurred, 2) some brokers offer incomplete data, e.g. certain components of volume data required for Market Profile may be missing, 3) their servers are unreliable and the data feed drops regularly or during heavy activity, e.g. news times, or 4) some brokers turn-off their data feed during certain times of the day or weekends. For these reasons many traders who like their broker, will pay a premium for a secondary data feed. Sierra Chart developed their data feed so those users would have an affordable solution. You will have to use your broker's feed before you know whether it's adequate or not, regardless of how wonderful they are telling you it is :). If you are simming and they aren't charging you a monthly fee, then the cheapest path would be to use a broker to start out. If they are charging you a monthly fee or if you don't want to tie up the cash with a broker or you figure out it's inadequate for you needs, then use Sierra Chart's data feed. |