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E-micro: The spot forex killer?

  • #41
  • Apr 28, 2019 7:03pm Apr 28, 2019 7:03pm
Quoting MarginCalled
I'm reading what you guys are saying and I still can't quite get how people are still trading Forex, apart from the fact that you can do it with little money. Well actually, to be perfectly honest, I do swing trade the beast ( actually the pair formerly known as the beast) on the daily chart. I do it more out of nostalgia and in an account on my wife's name at Oanda. The mini nasdaq is a pretty easy and volatile market to trade but what I like the most is the fact you don't have to fight you broker. That makes all the difference to me. Even if Forex...
Trading Futures requires huge capital especially when you are a swing trader. For under budgeted traders, Forex is very attractive for its flexibility. You even can trade 0.0001 standard lot (100K unit) using cent account.... Just amazing.
Personally, I moved to Futures and then came back to Forex. If you're bored, I recommend read this: https://www.elitetrader.com/et/threa...-forex.327665/
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #42
  • Apr 28, 2019 8:44pm Apr 28, 2019 8:44pm
as the income inequality gets bigger, you'll see a lot of the traditional institutions wiill start to realize they need to broaden their reach to include the "poor"

it started with otc forex (when it used to be just between banks/institutions)

cfds

the micros from cme

and now the small exchange lol

https://www.thesmallexchange.com/
  • #43
  • Apr 28, 2019 8:57pm Apr 28, 2019 8:57pm
Quoting VEEFX
{quote} Very Interesting especially being run by the guy who founded ToS. May not be a bad idea if it is regulated and centralized similar to CME.... but I am sticking with the big boys. I lack trust coming from Spot so I need to be where my confidence is not shattered lol What happens to the $100 if their application is denied by CFTC? there is no mention of that in the FAQs lol
the fact that you asked that makes me question your debugging skills
  • #44
  • Apr 28, 2019 9:02pm Apr 28, 2019 9:02pm
Quoting MarginCalled
I'm reading what you guys are saying and I still can't quite get how people are still trading Forex, apart from the fact that you can do it with little money. Well actually, to be perfectly honest, I do swing trade the beast ( actually the pair formerly known as the beast) on the daily chart. I do it more out of nostalgia and in an account on my wife's name at Oanda. The mini nasdaq is a pretty easy and volatile market to trade but what I like the most is the fact you don't have to fight you broker. That makes all the difference to me. Even if Forex...
MarginCalled,
Out of curiosity what patterns do you trade, to exploit the volatility in the nasdaq?
  • #45
  • Apr 29, 2019 12:37am Apr 29, 2019 12:37am
Quoting heispark
{quote} You may want to read this: https://www.elitetrader.com/et/threa.../#post-4775382 {image}
I read your conversation in elitetrader......yes, the interest is built into fx futures and slowly is eaten up by time as it moves to expiry date where it will be the same price as spot forex......if you exit a contract before expiry date, you will get back part of the interest, charged when you bought the contract........now grulstmrnn replies to traider that spot forex is more expensive if "brokers take of a cut off rolls".........and all those forex brokers are doing just that to line their pockets.......so if I have long-term positions it would be very costly to trade with spot forex brokers.
  • #46
  • Apr 29, 2019 11:44am Apr 29, 2019 11:44am
Quoting shrips
{quote} MarginCalled, Out of curiosity what patterns do you trade, to exploit the volatility in the nasdaq?
Nothing fancy, just some proprietary candle patterns I developed over the years.

And for the record I don't consider myself a volatility trader ( what ever it means!!)

But I do need the market to move in order to be able to make a living.

If I would depend of Forex ( the way it is moving for the last years) I would be in poverty.
Don't call me. I call you!
  • #47
  • Apr 29, 2019 11:49am Apr 29, 2019 11:49am
Quoting heispark
{quote} Trading Futures requires huge capital especially when you are a swing trader. For under budgeted traders, Forex is very attractive for its flexibility. You even can trade 0.0001 standard lot (100K unit) using cent account.... Just amazing. Personally, I moved to Futures and then came back to Forex. If you're bored, I recommend read this: https://www.elitetrader.com/et/threa...-forex.327665/
So back to the original objective of this thread.

The" Micros " are aimed to "budgeted" traders. Supposedly it will offer all the advantages Forex offer.

So my question again.

Will the CME micros kill spot Forex in America?
Don't call me. I call you!
  • #48
  • Apr 30, 2019 7:23am Apr 30, 2019 7:23am
Quoting MarginCalled
{quote} So back to the original objective of this thread. The" Micros " are aimed to "budgeted" traders. Supposedly it will offer all the advantages Forex offer. So my question again. Will the CME micros kill spot Forex in America?
Instead of reinventing the wheel, I recommend to read this: https://www.elitetrader.com/et/threa...coming.330704/
I like the following feedback:
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-04-30_23-20-58.png Size: 9 KB

IMHO, it's unlikely CME micros will kill Forex in America. Btw, when it comes to futures or options, Elitetrader is better place to research than FF...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #49
  • Apr 30, 2019 9:34am Apr 30, 2019 9:34am
Quoting heispark
{quote} Instead of reinventing the wheel, I recommend to read this: https://www.elitetrader.com/et/threa...coming.330704/ I like the following feedback: {image} IMHO, it's unlikely CME micros will kill Forex in America. Btw, when it comes to futures or options, Elitetrader is better place to research than FF...
Thanks . FF is a "residual" still lingering from my Forex trading days, LOL !

I remember being there long time ago but completely forgot about it.

Thanks for the tip, gonna check there more often.
Don't call me. I call you!
  • #50
  • May 1, 2019 6:32am May 1, 2019 6:32am
Anyone here have experience with Tradovate? They're offering a $250 minimum account deposit and $50 day trading margins for these new micro futures...
  • #51
  • May 6, 2019 2:12pm May 6, 2019 2:12pm
So.....I guess it started !!!!!!!

Actually it started yesterday evening but I only had time to look at it right now
Don't call me. I call you!
  • #52
  • May 6, 2019 2:16pm May 6, 2019 2:16pm
Hummmm........ 400 bucks to open an account and only 50 bucks for margin.....interesting!!!

I would say the margin is for day trading not to keep anything overnight........
Don't call me. I call you!
  • #53
  • May 6, 2019 2:24pm May 6, 2019 2:24pm
As far as I can tell CME is charging 32 cents per side........thats not bad.
Don't call me. I call you!
  • #54
  • May 6, 2019 2:30pm May 6, 2019 2:30pm
To me it appeared as if the volumes for each of the 4 instruments were far greater than the volumes for all of the micro currency instruments put together, so seems promising
Enter Signature
  • #55
  • May 6, 2019 2:34pm May 6, 2019 2:34pm
Ripoffs like ninjatrader are charging 29 cents per trade so around 1.40 to get in and out of position Hummmm ?!?
Attached Image (click to enlarge)
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Don't call me. I call you!
  • #56
  • May 6, 2019 2:41pm May 6, 2019 2:41pm
Basically you will need 3 ticks to be in profit. ( I'm looking at the MNQ)

If you take the minies as a point of reference it is kind of bad.

But considering you are obviously dealing in a less risky ( meaning losing less money) environment, it kind of sort of puts it right there with Forex.

Yep....that thing may very well be a spot Forex killer !!
Don't call me. I call you!
  • #57
  • May 6, 2019 2:45pm May 6, 2019 2:45pm
Quoting MarginCalled
Ripoffs like ninjatrader are charging 29 cents per trade so around 1.40 to get in and out of position Hummmm ?!? {image}
Amp is 1.28 with qtrader (on low volume tier). 0.78 on Sierra v3 (free) cqg route or 1.08 on rithmic feed. So with amp, cqg and any free platform you get a good price - half tick commissions for es, better than micro currencies. For the others it's 1.5 tick, not bad if you don't plan to just scalp.

(https://portal.ampclearing.com/accou...sionquote.aspx)
  • #58
  • May 6, 2019 2:51pm May 6, 2019 2:51pm
Quoting sakisf
{quote} Amp is 1.28 with qtrader (on low volume tier). 0.78 on Sierra v3 (free) cqg route or 1.08 on rithmic feed. So with amp and any free platform you get a good price - half tick commissions, better than micro currencies.
You are probably right.

1.40 was accounting for some extra stuff worst scenario.

Definitely better than older micros but not as good as the minies.

I know I'm not going to resist and trade there but the mini nasdaq will always be my darling !!
Don't call me. I call you!
  • #59
  • May 6, 2019 11:11pm May 6, 2019 11:11pm
Quoting sakisf
{quote} Amp is 1.28 with qtrader (on low volume tier). 0.78 on Sierra v3 (free) cqg route or 1.08 on rithmic feed. So with amp, cqg and any free platform you get a good price - half tick commissions for es, better than micro currencies. For the others it's 1.5 tick, not bad if you don't plan to just scalp. (https://portal.ampclearing.com/accou...sionquote.aspx)
Hello sakisf . You posted a png on fast market thread, there is 3 indicator 1. Fast market 2.micky mouse 3. Paw patrol . Where i can download third indicator called paw patrol .if this indi is fre or have to pay.please help me brother , i need this indicator
  • #60
  • May 7, 2019 4:49pm May 7, 2019 4:49pm
Second day of the micros and it seems that CME came up with a interesting product.

The spread is big compared to the minies but this was expected and will be the case till it gains popularity.

Spread and commission will put the trader 1 point from profit ( not counting anomalies in slippage) but IMHO the intrinsic volatility and smaller risk more than compensate for it.

Plenty of moves ( as expected ) which in my opinion is the strongest point against spot Forex.
Don't call me. I call you!
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