Trading room

What is a trading room?

The term trading room is usually synonymous with the term 'Front office' and 'trading floor', where traders are gathered and buy and sell instruments (such as currency, stocks and commodities) on the financial markets.

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 a bank or an institution that manages money, 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 profits, 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 providing technical and fundamental outlooks and algorithmic trading software.

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 signal services (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 their education service 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 typical schedule for 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:

  • I'm looking for some demo about how to trade using the Japanese candle stick.
  • Hi Kamil,
    Please have a look at our Japanese Candlestick module and let me know if you have any questions.
    Regards.
    Peter
  • Hi Peter,
    Please I would like to know in details the selling/ buying , i.e when to choose sell and when to choose buy, as it is a pit confusing in the online demo.
    Thanks
  • Hi Kamil,
    Which demo is confusing? Do you have the link to that?

    To put it easier you need to sell if you think price is going to fall and buy if you expect it to rise. To determine when is the right opportunity to buy or sell you need to conduct an analysis. There are a number (a lot of) of ways to do it and there is no right or wrong way. We at tradimo provide courses that teach you how to identify trading opportunities. Once you learnt a concept or strategy best is to practice it on a demo account. Unfortunately it is not possible to just get the rules and apply it in live markets to make money right away. Like with most things in life one needs to do the homework to succeed eventually.
    Have a look at the courses and let me know if you have any questions.
    Regards.
    Peter
  • How do i become a successive trader. Are you trading with indicators?
  • Hi Fingersthink,
    In short those become successful who put work in it. Indicators are only one tool from a lot of other potential tools and you can choose to use them but are not a central issue.

    Let me ask back: How far are you in your learning process? What did you learn from the markets so far? If you tell me a bit more about yourself i will likely be able to point you better in the right direction.

    Regards.
    Peter
  • thanks for your response. I trade with RSI and stocasitic but never being good for me cos I ve loss over 1000$ already. I can afford to lose again. tell how to get it right . I trade binary for now.
  • An indicator is never the most important factor in success or failure. It is only a tool that can be used many ways. How do you use them? What are you looking for when reading the RSI or the Stoch? Are you sure your loss is down to analysis and not psychological problems? Or money management? There's a lot of questions you need to ask yourself before you can identify the issue and deal with it. Tell me more about your trading! You can also show some trades you took and we can discuss it. Hopefully others will join in as well and we can have a valuable conversation!
  • Below is my trading activity:

    1254976 EURUSD 12/18/2014 22:51:31 60 seconds 1.22832 1.22834 12/18/2014 22:52:31 5 0
    1254973 EURUSD 12/18/2014 22:50:32 60 seconds 1.22844 1.22832 12/18/2014 22:51:32 5 0
    1212284 GBPJPY 12/15/2014 17:24:32 5 minutes 184.935 184.813 12/15/2014 17:29:32 5 0.1
    1212077 GBPJPY 12/15/2014 17:19:56 5 minutes 185.338 184.876 12/15/2014 17:24:56 5 0.1
    1212000 GBPJPY 12/15/2014 17:13:24 5 minutes 185.466 185.325 12/15/2014 17:18:24 5 0.1
    1211959 GBPJPY 12/15/2014 17:09:37 5 minutes 185.407 185.39 12/15/2014 17:14:37 5 8.8
    1211880 USDCAD 12/15/2014 17:00:29 5 minutes 1.15915 1.15955 12/15/2014 17:05:29 5 0.1
    1211825 USDCAD 12/15/2014 16:55:12 5 minutes 1.15969 1.15941 12/15/2014 17:00:12 20 0.4
    1211820 USDCAD 12/15/2014 16:54:41 5 minutes 1.15974 1.15953 12/15/2014 16:59:41 5 0.1
    1211686 USDCAD 12/15/2014 16:39:27 5 minutes 1.15939 1.15938 12/15/2014 16:44:27 10 17.6
    1211636 USDCAD 12/15/2014 16:33:58 5 minutes 1.15936 1.15946 12/15/2014 16:38:58 10 0.2
    1211597 USDCAD 12/15/2014 16:29:04 5 minutes 1.15995 1.15941 12/15/2014 16:34:04 10 17.6
    1211521 USDCAD 12/15/2014 16:20:47 5 minutes 1.15898 1.16013 12/15/2014 16:25:47 10 17.6
    1211206 USDCAD 12/15/2014 16:15:26 5 minutes 1.15875 1.15887 12/15/2014 16:20:26 10 0.2
    1211177 USDCAD 12/15/2014 16:10:57 5 minutes 1.15822 1.15859 12/15/2014 16:15:57 10 17.6
  • 1211154 USDCAD 12/15/2014 16:05:59 5 minutes 1.15856 1.15822 12/15/2014 16:10:59 10 17.6
    1211120 USDCAD 12/15/2014 16:00:29 5 minutes 1.15843 1.15862 12/15/2014 16:05:29 10 17.6
    1211064 USDCAD 12/15/2014 15:54:18 5 minutes 1.15865 1.15835 12/15/2014 15:59:18 10 0.2
    1211055 USDCAD 12/15/2014 15:51:30 5 minutes 1.15884 1.15866 12/15/2014 15:56:30 10 17.6
    1210991 USDCAD 12/15/2014 15:44:40 5 minutes 1.15875 1.15901 12/15/2014 15:49:40 10 0.2
    1210990 USDCAD 12/15/2014 15:44:31 5 minutes 1.15878 1.15903 12/15/2014 15:49:31 10 0.2
    1210951 USDCAD 12/15/2014 15:39:29 5 minutes 1.15853 1.15877 12/15/2014 15:44:29 10 0.2
    1210922 USDCAD 12/15/2014 15:33:32 5 minutes 1.15903 1.15856 12/15/2014 15:38:32 10 0.2
    1210884 USDCAD 12/15/2014 15:27:56 5 minutes 1.15934 1.15907 12/15/2014 15:32:56 10 17.6
    1210855 USDCAD 12/15/2014 15:21:46 5 minutes 1.15944 1.15934 12/15/2014 15:26:46 10 0.2
    1210813 USDCAD 12/15/2014 15:14:47 5 minutes 1.1593 1.15944 12/15/2014 15:19:47 10 17.6
    1210805 USDCAD 12/15/2014 15:13:24 5 minutes 1.15931 1.15945 12/15/2014 15:18:24 10 17.6
    1210783 USDCAD 12/15/2014 15:08:18 5 minutes 1.15955 1.15931 12/15/2014 15:13:18 10 0.2
    1210758 USDCAD 12/15/2014 15:04:28 5 minutes 1.15941 1.15941 12/15/2014 15:09:28 10 10
    1210727 USDCAD 12/15/2014 14:57:12 5 minutes 1.15945 1.15934 12/15/2014 15:02:12 10 17.6
  • 1210566 CADJPY 12/15/2014 14:52:22 5 minutes 102.551 102.565 12/15/2014 14:57:22 10 17.6
    1210528 CADJPY 12/15/2014 14:47:11 5 minutes 102.591 102.555 12/15/2014 14:52:11 10 0.2
    1210466 CADJPY 12/15/2014 14:34:11 5 minutes 102.615 102.608 12/15/2014 14:39:11 20 0.4
    1210448 CADJPY 12/15/2014 14:29:44 5 minutes 102.552 102.626 12/15/2014 14:34:44 20 0.4
    1210406 USDJPY 12/15/2014 14:20:37 5 minutes 118.768 118.8 12/15/2014 14:25:37 20 35.2
    1210390 USDJPY 12/15/2014 14:17:02 5 minutes 118.769 118.768 12/15/2014 14:22:02 10 0.2
    1210389 USDJPY 12/15/2014 14:16:54 5 minutes 118.769 118.768 12/15/2014 14:21:54 10 0.2
    1210379 USDJPY 12/15/2014 14:15:20 5 minutes 118.775 118.783 12/15/2014 14:20:20 10 17.6
    1210349 USDJPY 12/15/2014 14:08:57 5 minutes 118.756 118.741 12/15/2014 14:13:57 10 0.2
    1210323 USDJPY 12/15/2014 14:03:19 5 minutes 118.753 118.755 12/15/2014 14:08:19 10 17.6
    1210266 USDJPY 12/15/2014 13:55:20 5 minutes 118.8 118.776 12/15/2014 14:00:20 20 0.4
    1210187 USDCAD 12/15/2014 13:46:12 5 minutes 1.15875 1.1586 12/15/2014 13:51:12 30 0.6
    1210138 USDCAD 12/15/2014 13:39:44 5 minutes 1.15835 1.15876 12/15/2014 13:44:44 20 0.4
    1210114 USDCAD 12/15/2014 13:34:35 5 minutes 1.15816 1.15822 12/15/2014 13:39:35 10 0.2
    1210088 USDCAD 12/15/2014 13:29:15 5 minutes 1.15833 1.15812 12/15/2014 13:34:15 10 17.6
  • 1210037 AUDUSD 12/15/2014 13:20:26 5 minutes 0.8242 0.82409 12/15/2014 13:25:26 20 0.4
    1210012 AUDUSD 12/15/2014 13:15:02 5 minutes 0.82438 0.82419 12/15/2014 13:20:02 10 0.2
    1209998 AUDUSD 12/15/2014 13:12:13 5 minutes 0.82449 0.82437 12/15/2014 13:17:13 10 17.6
    1209985 AUDUSD 12/15/2014 13:08:09 5 minutes 0.82442 0.82458 12/15/2014 13:13:09 10 17.6
    1209948 CADJPY 12/15/2014 13:00:49 5 minutes 102.455 102.394 12/15/2014 13:05:49 10 0.2
    1209920 EURGBP 12/15/2014 12:55:25 5 minutes 0.79277 0.79288 12/15/2014 13:00:25 10 0.2
    1209897 EURGBP 12/15/2014 12:49:41 5 minutes 0.7928 0.79278 12/15/2014 12:54:41 10 17.6
    1209865 EURGBP 12/15/2014 12:43:50 5 minutes 0.79291 0.79282 12/15/2014 12:48:50 20 35.2
    1207034 AUDCAD 12/15/2014 04:34:28 5 minutes 0.95156 0.9513 12/15/2014 04:39:28 20 0.4
    1207012 AUDCAD 12/15/2014 04:28:58 5 minutes 0.95214 0.95151 12/15/2014 04:33:58 20 33
    1206991 AUDCAD 12/15/2014 04:24:49 5 minutes 0.95227 0.95168 12/15/2014 04:29:49 20 33
    1206962 AUDCAD 12/15/2014 04:19:18 5 minutes 0.95205 0.95223 12/15/2014 04:24:18 30 49.5
    1206903 USDJPY 12/15/2014 04:04:26 5 minutes 118.739 118.727 12/15/2014 04:09:26 20 0.4
    1206830 USDJPY 12/15/2014 03:54:21 5 minutes 118.744 118.852 12/15/2014 03:59:21 20 33
    1206793 GBPJPY 12/15/2014 03:47:57 5 minutes 186.901 186.676 12/15/2014 03:52:57 20 33
  • 1206758 GBPJPY 12/15/2014 03:40:51 5 minutes 186.778 186.958 12/15/2014 03:45:51 20 0.4
    1206725 GBPJPY 12/15/2014 03:35:22 5 minutes 186.845 186.802 12/15/2014 03:40:22 20 33
    1206690 GBPJPY 12/15/2014 03:30:06 5 minutes 186.618 186.86 12/15/2014 03:35:06 20 33
    1206650 GBPJPY 12/15/2014 03:23:06 5 minutes 186.684 186.584 12/15/2014 03:28:06 20 0.4
    1206645 GBPJPY 12/15/2014 03:22:23 5 minutes 186.561 186.598 12/15/2014 03:27:23 10 0.2
    1206634 GBPJPY 12/15/2014 03:21:19 5 minutes 186.588 186.659 12/15/2014 03:26:19 5 0.1
    1206569 AUDCAD 12/15/2014 03:05:37 5 minutes 0.95027 0.94975 12/15/2014 03:10:37 10 16.5
    1206534 AUDCAD 12/15/2014 02:54:36 5 minutes 0.95075 0.95055 12/15/2014 02:59:36 30 49.5
    1206515 USDJPY 12/15/2014 02:45:38 5 minutes 118.49 118.547 12/15/2014 02:50:38 20 0.4
    1206475 AUDUSD 12/15/2014 02:35:01 5 minutes 0.82191 0.82184 12/15/2014 02:40:01 30 49.5
    1206450 AUDUSD 12/15/2014 02:28:52 5 minutes 0.82249 0.82187 12/15/2014 02:33:52 30 49.5
    1206431 AUDUSD 12/15/2014 02:20:53 5 minutes 0.82235 0.82193 12/15/2014 02:25:53 30 49.5
    1206404 AUDUSD 12/15/2014 02:14:40 5 minutes 0.82265 0.82193 12/15/2014 02:19:40 20 0.4
    1206371 AUDUSD 12/15/2014 02:07:16 5 minutes 0.82147 0.82185 12/15/2014 02:12:16 20 0.4
    1206337 AUDUSD 12/15/2014 02:00:30 5 minutes 0.82134 0.82149 12/15/2014 02:05:30 20 33
  • 1203248 USDCHF 12/12/2014 20:25:17 5 minutes 0.96447 0.96442 12/12/2014 20:30:17 20 0.4
    1203181 USDCHF 12/12/2014 20:17:25 5 minutes 0.9644 0.96425 12/12/2014 20:22:25 20 35.2
    1203120 USDCHF 12/12/2014 20:11:29 5 minutes 0.96391 0.96428 12/12/2014 20:16:29 20 35.2
    1202947 USDCHF 12/12/2014 19:54:25 5 minutes 0.9637 0.96389 12/12/2014 19:59:25 20 0.4
    1202858 CADJPY 12/12/2014 19:45:02 5 minutes 102.618 102.685 12/12/2014 19:50:02 20 35.2
    1202803 EURUSD 12/12/2014 19:34:22 5 minutes 1.24652 1.24648 12/12/2014 19:39:22 30 52.8
    1202692 GBPUSD 12/12/2014 19:19:55 5 minutes 1.57169 1.57128 12/12/2014 19:24:55 10 17.6
    1202627 USDCAD 12/12/2014 19:09:55 5 minutes 1.1545 1.15436 12/12/2014 19:14:55 10 0.2
    1202579 USDCAD 12/12/2014 19:03:23 5 minutes 1.15404 1.15432 12/12/2014 19:08:23 20 0.4
    1202534 USDCAD 12/12/2014 18:56:51 5 minutes 1.15374 1.15425 12/12/2014 19:01:51 20 0.4
    1202474 USDCAD 12/12/2014 18:51:16 5 minutes 1.15459 1.15371 12/12/2014 18:56:16 20 35.2
    1202446 USDCAD 12/12/2014 18:45:53 5 minutes 1.15362 1.15456 12/12/2014 18:50:53 20 0.4
    1202431 USDCAD 12/12/2014 18:40:55 5 minutes 1.15325 1.15358 12/12/2014 18:45:55 20 35.2
    1202394 USDCAD 12/12/2014 18:33:46 5 minutes 1.15195 1.15297 12/12/2014 18:38:46 5 0.1
    1198445 GBPUSD 12/12/2014 10:17:44 5 minutes 1.57064 1.57104 12/12/2014 10:22:44 20 35.2
  • 1198319 GBPUSD 12/12/2014 10:12:05 5 minutes 1.57105 1.57079 12/12/2014 10:17:05 20 35.2
    1198279 GBPUSD 12/12/2014 10:08:15 5 minutes 1.57189 1.57105 12/12/2014 10:13:15 10 17.6
    1198186 GBPUSD 12/12/2014 10:01:50 5 minutes 1.57156 1.57203 12/12/2014 10:06:50 10 17.6
    1198142 GBPUSD 12/12/2014 09:56:39 5 minutes 1.57138 1.57146 12/12/2014 10:01:39 10 17.6
    1198136 GBPUSD 12/12/2014 09:55:05 5 minutes 1.57218 1.57141 12/12/2014 10:00:05 10 0.2
    1198117 GBPUSD 12/12/2014 09:51:34 5 minutes 1.5719 1.57141 12/12/2014 09:56:34 10 0.2
    1198110 GBPUSD 12/12/2014 09:50:36 5 minutes 1.57175 1.57194 12/12/2014 09:55:36 10 17.6
    1198095 GBPUSD 12/12/2014 09:46:17 5 minutes 1.57194 1.57193 12/12/2014 09:51:17 10 17.6
    1198081 GBPUSD 12/12/2014 09:43:26 30 seconds 1.57195 1.57196 12/12/2014 09:43:56 10 0
    1197342 GBPJPY 12/12/2014 07:34:17 5 minutes 186.835 186.922 12/12/2014 07:39:17 20 0.4
    1197314 EURUSD 12/12/2014 07:26:03 5 minutes 1.23962 1.23952 12/12/2014 07:31:03 20 0.4
    1197306 EURUSD 12/12/2014 07:23:10 5 minutes 1.23942 1.23953 12/12/2014 07:28:10 10 16.5
    1197300 EURUSD 12/12/2014 07:20:41 5 minutes 1.23953 1.23962 12/12/2014 07:25:41 10 16.5
    1197280 EURUSD 12/12/2014 07:14:51 5 minutes 1.23959 1.23964 12/12/2014 07:19:51 20 33
    1197148 GBPUSD 12/12/2014 06:58:29 5 minutes 1.57228 1.57218 12/12/2014 07:03:29 20 0.4
  • 1142459 GBPUSD 12/05/2014 09:23:11 5 minutes 1.56465 1.56422 12/05/2014 09:28:11 5 0.1
    1142380 USDCAD 12/05/2014 09:15:30 5 minutes 1.13942 1.13932 12/05/2014 09:20:30 5 8.8
    1142364 AUDUSD 12/05/2014 09:13:04 5 minutes 0.83756 0.8383 12/05/2014 09:18:04 5 8.8
    1142325 AUDUSD 12/05/2014 09:05:33 5 minutes 0.83696 0.83753 12/05/2014 09:10:33 10 17.6
    1140716 GBPUSD 12/05/2014 02:40:44 5 minutes 1.56537 1.56511 12/05/2014 02:45:44 10 16.5
    1140626 GBPUSD 12/05/2014 02:24:51 5 minutes 1.56694 1.56611 12/05/2014 02:29:51 5 8.25
    1140491 AUDCAD 12/05/2014 02:02:39 Range 0.95453 0.95501 12/05/2014 02:15:00 5 0.25
    1139550 USDCAD 12/04/2014 22:35:09 Range 1.1373 1.13754 12/04/2014 22:45:00 10 0.5
  • So much i guess but i just want to learn either way....
    i look forward To your professional advice. Thanks
  • To be honest with you i can see your trades but can't see how you trade, can't see your logic. The reasons for entry, where you put stop, TP etc.

    The best would be if you could post a few setups you took. And include all the information you considered when making a decision!
  • this is a binary trading not forex.
  • Ah i see, unfortunately i don't know much about BOs. Have you ever considered trading directional positions ie. forex, CFDs etc?

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