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  • #201
  • Sep 5, 2017 1:10pm Sep 5, 2017 1:10pm
Quoting Don96
{quote} have you got the link?
can try something like this. ( i have no affiliation with it)
https://www.icmarketsfx.com/
there is always, always another trade!!
  • #202
  • Sep 5, 2017 1:14pm Sep 5, 2017 1:14pm
Quoting profitfarmer
{quote} can try something like this. ( i have no affiliation with it) https://www.icmarketsfx.com/
shit, i have already made an account so im guessing i wont be able to make use of this ?
  • #203
  • Sep 5, 2017 1:15pm Sep 5, 2017 1:15pm
Quoting Don96
{quote} shit, i have already made an account so im guessing i wont be able to make use of this ?
of course you can.
make a fresh account, using a different email, that is all.
the docs to verify you can use the same, that is all.

for 1.5$/lot, it is a small extra effort, worth it
there is always, always another trade!!
  • #204
  • Sep 5, 2017 1:16pm Sep 5, 2017 1:16pm
if you trade with this spead, now at 280 lots, that is considerable saving!
there is always, always another trade!!
  • #205
  • Sep 5, 2017 1:19pm Sep 5, 2017 1:19pm
Quoting profitfarmer
if you trade with this spead, now at 280 lots, that is considerable saving!
yeah those lots are not that same. My account is a spreadbetting account, if you are outside of UK then probably not something you have ever used.

it means that whatever value i put in the trade volume, so for example 1.5, its not 1.5 lots/pip... its £1.50/pip.... if that makes sense
  • #206
  • Sep 5, 2017 1:28pm Sep 5, 2017 1:28pm
Quoting Don96
{quote} yeah those lots are not that same. My account is a spreadbetting account, if you are outside of UK then probably not something you have ever used. it means that whatever value i put in the trade volume, so for example 1.5, its not 1.5 lots/pip... its £1.50/pip.... if that makes sense
i see, thx for clearing that.
there is always, always another trade!!
  • #207
  • Sep 5, 2017 1:42pm Sep 5, 2017 1:42pm
Quoting Divergence
10.00 would be 2 lots so commission is 10.00
what the ..

standard lot is always $10 a point,

how is $10 2 lots? is futures just default 1 lot=$5?
  • #208
  • Sep 5, 2017 1:48pm Sep 5, 2017 1:48pm
Quoting Don96
{quote} i don't understand...you profit 90$ if you win 10 pips at $10 per pip with a futures broker... or you profit $94.5 with 0.1 spread with a forex broker...
dude i think we need to figure out if it's the same for forex vs futures when it comes to lot size here

if it's the same (1 lot=$10),
(10 pipsx1lot=100-5.5 com=$94.5) forex com
10 pipsx1lot=100-5 com=95) futures com

But if it's 1 lot=$5 for futures, then it's slightly cheaper for futures (10 pipx2lots-5 com=$95 profit) futures com

is my math right? lol
  • #209
  • Sep 5, 2017 1:57pm Sep 5, 2017 1:57pm
Emini nasdaq trades at 5.00 per tick [pip] with 1 contract. 4 ticks equals 1 point. It's 4.50 to 5.00 commission per contract (lot)
  • #210
  • Sep 5, 2017 2:04pm Sep 5, 2017 2:04pm
I trade 1 contract (lot) I had 5 trades made 111 ticks minus 5 trades of 4.50 commission so 555 dollars minus 22.50 commission 532.50 net if I traded 2 contracts it would have been 1110 dollars minus 45 for commission with no get in spread you be the judge market no broker intervention at all
  • #211
  • Sep 5, 2017 3:04pm Sep 5, 2017 3:04pm
Quoting hilmy83
{quote} dude i think we need to figure out if it's the same for forex vs futures when it comes to lot size here if it's the same (1 lot=$10), (10 pipsx1lot=100-5.5 com=$94.5) forex com 10 pipsx1lot=100-5 com=95) futures com But if it's 1 lot=$5 for futures, then it's slightly cheaper for futures (10 pipx2lots-5 com=$95 profit) futures com is my math right? lol
yeah i can't decide if i am going to change

example: 10 trades = $70 commission
6 wins = $600
4 losses = -$400
2 net wins = $200 - $70 = $130...


i wonder if there is a good way of calculating if it is actually worth it

my current broker

6 wins = $600
4 losses = -$400
2 net wins = $200

SO - is that 70$ worth the spreads being cut by 0.4 on EU? that is the question - if i went back over my trades, then yes for me it would almost definitely be worth it... id have made more money
  • #212
  • Sep 5, 2017 3:08pm Sep 5, 2017 3:08pm
You don't get it Don there spread might be small but it's based on false price so real spread is more like 4. I have said all I can about this good luck
  • #213
  • Sep 5, 2017 3:46pm Sep 5, 2017 3:46pm
Quoting Divergence
You don't get it Don there spread might be small but it's based on false price so real spread is more like 4. I have said all I can about this good luck
okay thanks for your help, are there any brokers that i can have an account with about £500 deposit?
  • #214
  • Sep 5, 2017 3:57pm Sep 5, 2017 3:57pm
Amp but you need at least 1500 if you put on trade with stop and target
  • #215
  • Sep 5, 2017 3:59pm Sep 5, 2017 3:59pm
Quoting Divergence
Amp but you need at least 1500 if you put on trade with stop and target
okay thanks for your help buddy
  • #216
  • Edited Sep 6, 2017 12:55pm Sep 5, 2017 4:15pm | Edited Sep 6, 2017 12:55pm
1-Futures brokers are usually $3.50-5.00 per round turn so a forex broker needs to have a spread of .35-.50 pips with NO commission to be equal to futures costs.

2-If you're scalping & willing to trade 1 full contract/lot, then better to trade equity, oil, gold & soybean futures rather than currency futures. The profit (and loss) potential is much better as the intraday % moves are larger. Easier to trade bigger swings than small swings unless you're willing to hold through a retracement cycle. Ask anyone that scalps equity futures why they don't scalp currency futures. Try on demo for a couple days & you'll see why.

3-If swing trading, not much difference between futures & forex as charts are nearly identical if looking @ H1 and HTFs.

4-Lower TF charts will look a bit different between forex & futures because there's a lot more "ticks" between each major price level on a forex chart than futures. In forex you're trading in increments of pennies(and smaller) but futures you're trading in increments of nickels, dimes & quarters depending upon the market. (Examples: oil=$10/tick, euro futures=$12.50/tick, ES=$12.50/tick, YM=$5/tick, NQ=$5/tick)
  • #217
  • Sep 5, 2017 4:20pm Sep 5, 2017 4:20pm
Quoting srt
1-Futures brokers are usually $3.50-5.00 per round turn so a forex broker needs to have a spread of .35-.50 pips with NO commission to be equal to futures costs. 2-If you're scalping & willing to trade 1 full contract/lot, then better to trade equity, oil, gold & soybean futures rather than currency futures. The profit (and loss) potential is much better as the intraday % moves are larger. Easier to trade bigger swings than small swings unless you're willing to hold through a retracement cycle. Ask anyone that scalps equity futures why they don't...
can you give me a broker that i can use for the data... for free? and which contract do i use? i have the ninjatrader futures data atm but its difference is like 10 pips/ticks
  • #218
  • Sep 5, 2017 4:23pm Sep 5, 2017 4:23pm
If you trade e mini nasdaq there's a 5.00 a month fee for data for every one pretty cheap to trade
  • #219
  • Sep 5, 2017 4:24pm Sep 5, 2017 4:24pm
Quoting Don96
{quote} can you give me a broker that i can use for the data... for free? and which contract do i use? i have the ninjatrader futures data atm but its difference is like 10 pips/ticks
The futures data will always be different from the forex because there's "premium" in futures that erodes as expiration date approaches. Nothing to even think about as a scalper, just makes it tricky if comparing futures price to forex price.

I use ninjatrader & they have broker partners that will give you a 30 day free data service to try a demo account. Just go to their website to see the partners.

Contracts:
Euro Futures = 6E
S&P Futures = ES
Nasdaq Futures = NQ
Oil Futures = CL
Gold Futures = GC
***All brokers aren't the same with symbols & the symbols will have additional letters/numbers to signify which month contract you're trading.
My broker has "09-17" added to the contract symbol since currently active contract is September 2017.
Current Euro contract is "6E 09-17"
  • #220
  • Sep 5, 2017 4:36pm Sep 5, 2017 4:36pm
When it comes to data it's the same monthly flat fee for all. I have tried ninja imop Sierra is more user and computer friendly. Ninja has a big charge to buy a license Sierra is free with 10 trades a month
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