What is a trading room?
The term trading room is usually synonymous with the term 'Front office' and 'trading floor', whereare gathered and buy and sell (such as , and ) on the .
They can take advantage of shared services, such as trading desks, high speed internet, instant news feeds, up to date data and training.
In the case where a trader works for aor an that manages , the shared services within the trading room will be provided and paid for by the employer. If the trader is working for a so called prop house, an institution where the traders trade with their own money, or the prop-houses money to receive a straight forward cut of the , the shared services are usually provided by the prop-house firm, but paid for by the trader for a monthly fee. This fee can be anywhere in the region of a few hundred dollars to several thousand per month.
Shared services include DMA (Direct Market Access) trading systems, news filtration services such as Bloomberg and Reuters, analyst services providingand outlooks and algorithmic .
What is an online trading room?
With the development of high speed internet, cheaper - or increasingly free - trading software and lower entry barriers, trading rooms have made their way into the virtual environment, where traders can work from home or remotely, as part of a larger network of traders.
This is not a trading room as such, but rather a network of traders connected remotely in order to trade a set of funds on behalf of independent clients or institutions.
Trading room for education
The most increasingly common type of trading room that is familiar to retail traders, is that of a trading room providing a service of market signals or trading setups for a fee paid by the trader. This is now what is most commonly referred to as a trading room.
Online trading rooms, in this sense of the term, are designed to provide mentoring and(or both) with the specific objective of helping a trader become more efficient and better at their profession, whether full time or part time.
The companies that provide this service can be one of several types: Trading prop-houses may have their own trading room as part of theirservice or a company may simply stand alone as offering this service.
A trading room may typically have a setup session in the morning for traders, that allows them to know what to look for when the markets open, as well as an afternoon session to evaluate the live market environment.
This helps traders to learn from others and improve their analysis and trading skills by comparing their own activity to that of other professionals that run the trading room, or simply see what professional traders have traded and why they made those particular trading decisions.
Trading rooms will also sometimes show live trades by professional traders for the benefit of their subscribers.
What is an Online Trading Classroom?
An Online Trading Classroom is almost the same as a trading room, providing mentoring and signal services, but also with added structured classes to develop students in an Online Classroom environment.
An Online Trading Classroom will have multiple classes throughout the day that teach everything from basic trading concepts, to strategies and how to apply them in a real live market environment. A typicalfor an Online Trading Classroom will resemble that of a classroom in a school, university or college.
An Online Trading Classroom will usually also provide signal services and setups for the day as part of the service, as much of the class structure will focus on applying trading theory and knowledge to the real live market environment.
An Online Trading Classroom will furthermore show live trading by professional traders to show students the setups and decision making processes by professional traders that the students are aspiring to become.
To find out more about the Online Trading Classroom at tradimo, check out: