Navigating the world of futures trading requires not only skill and strategy but also the right data. At MyFundedFutures (MFFU), we offer a range of data options to cater to the diverse needs of our trading community. Let's delve into the specifics of what each data option entails and how you can manage them.
Available Data Options
Level 1 Data: The Basics
Level 1 Data is the foundation for any trader, providing essential market information for a specific futures contract. This data is included in your subscription when you sign up and is free throughout the challenge and sim funded stage. It offers a snapshot of:
Bid Price: The highest current buying price.
Ask Price: The lowest current selling price.
Last Traded Price: The most recent transaction price.
Volume: Total contracts traded in a set time frame.
Open Interest: Total outstanding contracts for a futures contract.
Time and Sales Data: Real-time record of all trades executed.
Level 2 Data (Non-pro): A Deeper Dive
For those seeking a more detailed view of the market, Level 2 data is available as an add-on for $39.00. It provides:
Bid and Ask Ladders: Multiple bid and ask prices with corresponding quantities.
Market Depth: Cumulative quantities at various price levels.
Order Size: Reveals the size of individual orders.
Market Participants: Displays (often anonymized) identities of market participants.
Time and Sales Data: Real-time records of executed trades.
Level 2 Data Pro Plan: For the Professionals
Designed for seasoned traders, the Pro Plan is priced at $124 per month. It offers all the features of the non-pro plan with additional advanced tools and insights tailored for professional trading.
Purchasing Additional Data
If you're looking to upgrade or add more data to your existing plan, it's a straightforward process. Simply visit the “Billing” section on the left side of your dashboard to make your selection.
Managing Data Subscriptions
Managing your data subscriptions is seamless with MFFU. Whether you're looking to upgrade, downgrade, or simply review your current data options, head over to the “Billing” section on your dashboard. Here, you can view your current data plan, make changes, or get more information on additional data options.
In conclusion, the right data can make a significant difference in your trading journey. At MFFU, we strive to provide our traders with the best data options to suit their needs, ensuring they're well-equipped to make informed trading decisions. Whether you're a beginner or a pro, we've got you covered.