Hello Colin,
Good questions. My view is that CyBerTrader offers quite a few more market filters, account management and risk management tools than Real Tick III.
While both are great systems for active traders, CyBerTrader would be less suitable for less experienced or less active traders for the reason that it is perhaps overkill. It's kind of like putting someone who has never ridden a bicycle on a Harley and tossing him the keys.
Have fun, right?!
For someone who does not know what Level II, SOES, SNET, ECNs, and SuperDot are, it would be a big step just to move up to Real Tick. Add 52 week high and low alerts, top gainers and losers, print and quote alerts, graphical tickers, sophisticated account management system, etc., and CyBerTrader could be a bit much for the novice or less active trader.
The best thing to do is visit their websites and look at the services that they offer. Call them up and speak with them. How is their customer service? Do they have a reputation for being stable and reliable. How are their respective clearing firms? Is your money insured? The cost of the system should be considered as well. If one system costs $300 per month more than the next, but is up ALL of the time, vs. 80% of the time, then pay the $300.
While I might use one platform, it might not be appropriate for others. Use Silicon Investor to see how others perceive these systems. If there is one thing that I can say for SI...people are brutally honest here.
Glad to see that you are serious about DayTrading. It can be a great profession if you have what it takes!
Good luck,
Michael Turner
Author
DayTrading into the Millennium
tradersresource.com |
