Hi,
From Delhi. Starting to trade the Indian markets as of next week. Been involved in FX trading past two years. My friend has an acct at Indiabulls where i have taken a stake and i will be managing the trading operation. Some questions.
1) How bad is Indiabulls really? Are they a dealing desk?
2) Has anyone worked the NSE through interactive Brokers yet? I know they just set up shop in Bombay and have been actively holding seminars on their TWS platform. Has anyone used the TWS?
3) Charting -- Well the Powerbulls platform really sucks. The charts are pathetic. What do professional traders in India use for their charting. I am ready to pay for charting, if neccassary. Anyone use E signal for India?
4)Is there another broker that I am missing. Btw, ive checked out Motilal, ICICI, HDFC, HSBC ...... basically same as Bulls .... their all trash.
Thanks.
As an aside note. I strictly trade 90% mechanical systems.
All based on technical set ups. I forward test my systems at minimal position sizes and paper trading in order to gain an accurate idea of the expectancy that I am dealing with. My position sizes are extremely small usually for my intraday to short term swing trades, approx 0.2%. And higher for my daily and weekly positions, 1% max. I basically am a trend trader, but will adapt hopefully to new conditions if presented. I strive to earn 3% a month or more when possible. Thats it in a nutshell.
Take care.
From Delhi. Starting to trade the Indian markets as of next week. Been involved in FX trading past two years. My friend has an acct at Indiabulls where i have taken a stake and i will be managing the trading operation. Some questions.
1) How bad is Indiabulls really? Are they a dealing desk?
2) Has anyone worked the NSE through interactive Brokers yet? I know they just set up shop in Bombay and have been actively holding seminars on their TWS platform. Has anyone used the TWS?
3) Charting -- Well the Powerbulls platform really sucks. The charts are pathetic. What do professional traders in India use for their charting. I am ready to pay for charting, if neccassary. Anyone use E signal for India?
4)Is there another broker that I am missing. Btw, ive checked out Motilal, ICICI, HDFC, HSBC ...... basically same as Bulls .... their all trash.
Thanks.
As an aside note. I strictly trade 90% mechanical systems.
All based on technical set ups. I forward test my systems at minimal position sizes and paper trading in order to gain an accurate idea of the expectancy that I am dealing with. My position sizes are extremely small usually for my intraday to short term swing trades, approx 0.2%. And higher for my daily and weekly positions, 1% max. I basically am a trend trader, but will adapt hopefully to new conditions if presented. I strive to earn 3% a month or more when possible. Thats it in a nutshell.
Take care.
