Trading dome?

BBHAR

Junior member
44 3
I over heard someone say somthing about a trading dome? Does anyone use one of these the concept sounded really cool.
 

BBHAR

Junior member
44 3
ah DOM okay that makes more sense i just heard it in a convo so must have miss heard it :)

I mean it looks cool and interesting any reason that you would advice not using it?
 

DionysusToast

Legendary member
5,963 1,499
I wouldn't advise against using it. I use it myself.

Sort of depends which markets you trade. For example forex has no market depth so it would be useless in that market. It's mostly for future and stocks with smaller spreads.
 

BBHAR

Junior member
44 3
Im really interested can you show me a place were i can get one?
 

wino59

Active member
126 12
Im really interested can you show me a place were i can get one?

They are not created equal. You need a good data feed, A broker and software to get a good DOM, but it is well worth the money. I trade exclusively from the DOM, and only look at charts at the beginning of the day for 5 mins tops, just to get an idea of the previous day open close, week high low, and general direction, but that is it.

I use, Kinetick (data Feed), and Ninja Trader (Trading Platform) with Jigsaw Trading's (Depth of Market). Some people use X-Trader very good DOM, but expensive.

Hope this helps. Good Luck
 

wino59

Active member
126 12
Well - they are sort of hard to avoid. Most platforms have one.

DionysusToast - Very true, but I would trade off the Ninja Trader DOM, you can see the bids, and offers, but no market profile, and you would mentally have to keep track of what was being bought and sold and bids and offers pulling etc. Even with a time and sales up, it is hard to do.

If he wants to trade from the DOM only, he needs a good platform.
 

DionysusToast

Legendary member
5,963 1,499
DionysusToast - Very true, but I would trade off the Ninja Trader DOM, you can see the bids, and offers, but no market profile, and you would mentally have to keep track of what was being bought and sold and bids and offers pulling etc. Even with a time and sales up, it is hard to do.

If he wants to trade from the DOM only, he needs a good platform.

Sure - I agree with you 100%
 

OrderFlowDashPro

Member
76 9
DOME stands for Depth of Market with Execution. The DOME is just a way to place orders. However, many short term traders find that "reading the tape" or the orders to be a fundamental advantage. I'm the developer (vendor) of one such platform, AlphaReveal, which is technically called a DOM because we don't offer order execution yet.

Make no mistake, a DOM or DOME is not at all required for success. It helps with some forms of specialized trading. A lot has to do with how one trades and how one learns to trade. Some traders might do better with calling out their trades verbally then hitting a button.
 

neil

Legendary member
5,167 747
I would advice you to try the demo account before any other step because it helps a lot for practicing the forex market and can also give you some idea about the market. I did undergo through this demo with my broker and it is really cool to go through, you know!

This clown is posting everywhere, has a vendor badge despite having a demo account which indicates he is no experienced trader-and he flogs trading systems !!
Apart from the futility of buying a trading system ( would you sell a winning trading system -let alone publicise it?) this sort of crap detracts from the better (we have a few) trading related threads.
 
 
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