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Questions regarding Futures

  • #1
  • First Post: Jan 9, 2010 12:50pm Jan 9, 2010 12:50pm
Does anyone here Trade futures? Ive been reading about futures today and I want to know where to start with regards to watching the charts and so on.

What platform do people use? And to anyone out there trading futures aswell as forex, do you find any correlation between the futures pricing and spot pricing?

Regards Seb.
The greatest force on earth is compound interest.
  • #2
  • Jan 9, 2010 12:58pm Jan 9, 2010 12:58pm
Quoting sebastionay
Does anyone here Trade futures? Ive been reading about futures today and I want to know where to start with regards to watching the charts and so on.

What platform do people use? And to anyone out there trading futures aswell as forex, do you find any correlation between the futures pricing and spot pricing?

Regards Seb.
I traded futures for several years.

Ninja Trader is a commonly used platform. I believe they have a free demo with a data feed, now. They didn't when I used it. It cost about $100 a month.

Currency futures and forex track very closely.
I wound up trading emini stock indexes. Minimum account sizes and minimum trade sizes are much higher than with forex.

I got tired of it because of lack of liquidity. Entering a trade without slippage, wasn't a problem. Taking profit was. Price has to bang the TP point two or three times to get filled.
  • #3
  • Jan 9, 2010 1:38pm Jan 9, 2010 1:38pm
Quoting billbss
I traded futures for several years.

Ninja Trader is a commonly used platform. I believe they have a free demo with a data feed, now. They didn't when I used it. It cost about $100 a month.

Currency futures and forex track very closely.
I wound up trading emini stock indexes. Minimum account sizes and minimum trade sizes are much higher than with forex.

I got tired of it because of lack of liquidity. Entering a trade without slippage, wasn't a problem. Taking profit was. Price has to bang the TP point two or three times to get filled.
Thanks

So its not possible to watch it for free then? I thought it might be useful for entries and scalps if futures slightly leads spot price.
The greatest force on earth is compound interest.
  • #4
  • Jan 9, 2010 1:52pm Jan 9, 2010 1:52pm
Quoting sebastionay
Thanks

So its not possible to watch it for free then? I thought it might be useful for entries and scalps if futures slightly leads spot price.
It is possible to watch it for free.
I believe you can with NinjaTrader. Go to their website and have a look.

If not, you can watch delayed charts for free.

I believe Accucharts lets you do that.
  • #5
  • Jan 9, 2010 2:00pm Jan 9, 2010 2:00pm
Quoting sebastionay
Does anyone here Trade futures? Ive been reading about futures today and I want to know where to start with regards to watching the charts and so on.

What platform do people use? And to anyone out there trading futures aswell as forex, do you find any correlation between the futures pricing and spot pricing?

Regards Seb.
Check out the link:

http://www.brocompany.com/trading-pl...conditions-bt/
I trade what I see on my charts. Do Not listen to the Muppets.
  • #6
  • Jan 9, 2010 2:09pm Jan 9, 2010 2:09pm
Well CFD trading is not quite like Futures Trading.
  • #7
  • Jan 9, 2010 2:19pm Jan 9, 2010 2:19pm
Quoting sebastionay
Thanks

So its not possible to watch it for free then? I thought it might be useful for entries and scalps if futures slightly leads spot price.
I reread and see what you're saying. You want to compare futures price movement with forex.
Again, I think you can with NinjaTrader.

Something else to look at is futures options. I've always believed that where the insider money goes before news releases.
  • #8
  • Jan 9, 2010 2:32pm Jan 9, 2010 2:32pm
Yeah thats what I was getting at. Thanks Ill take a look
The greatest force on earth is compound interest.
  • #9
  • Jan 25, 2010 3:57am Jan 25, 2010 3:57am
Is there any forum like forexfactory but the main subject there is Future Markets?

Patrick
  • #10
  • Jan 25, 2010 12:35pm Jan 25, 2010 12:35pm
Quoting sebastionay
Does anyone here Trade futures? Ive been reading about futures today and I want to know where to start with regards to watching the charts and so on.

What platform do people use? And to anyone out there trading futures aswell as forex, do you find any correlation between the futures pricing and spot pricing?

Regards Seb.
Hello,

I trade us equities, futures and spot forex. My broker is TradeStation Securities.

I make a living trading futures, primarily the S&P Index and the Russell 2000 Index. I also monitor the currency futures contracts and may trade them and give up on spot all together if the leverage changes pass.

Currency futures (full-sized contracts) do track mostly with spot forex, I often find the futures market leads the spot market. For instance spot may make a new high but the corresponding futures contract will fail to make a new high and shortly spot begins to fall.

If your current broker also offers a futures data feed that's the way to go in my opinion. That way you can monitor the "new market" using the platform you're already familiar with. I'm assuming that's not the case here. If you're looking for a futures only type broker I would recommend RJ O'Brien, or Lin-Waldock. If you're looking for an integrated platform as mentioned above I prefer TradeStation.

Feel free to PM me if you'd like to discuss further. Regards.
"The markets are the greatest chess match ever played."
  • #11
  • Feb 6, 2010 3:42pm Feb 6, 2010 3:42pm
I trade futures :ninjatrader +zen-fire, 5 dollars RT (comm,fees included...half of what you'll pay at Oanda ) very transparent market . have a look at Mirus Futures.they have a demo with live quotes.
  • #12
  • Feb 6, 2010 4:01pm Feb 6, 2010 4:01pm
Quoting billbss
... insider money goes before news releases.
very true
  • #13
  • Feb 7, 2010 5:10am Feb 7, 2010 5:10am
Saxotrader is also very nice for futures trading. that is what I use. Imo it is excellent both for fx, futures and cfd. www.saxobank.com
They offer a 30 days free trial that you should check out if you are interested.
  • #14
  • Feb 7, 2010 9:44am Feb 7, 2010 9:44am
I have traded futures contract in currencies, crude oil, t-notes, indexes and have been satisfied with Open E Cry.
  • #15
  • Feb 8, 2010 7:02am Feb 8, 2010 7:02am
Quoting sebastionay
Does anyone here Trade futures? Ive been reading about futures today and I want to know where to start with regards to watching the charts and so on.

What platform do people use? And to anyone out there trading futures aswell as forex, do you find any correlation between the futures pricing and spot pricing?

Regards Seb.
I have traded futures and options over live feeder cattle. Trade options on pit gold. Traded futures over the SPI share index.

will go to FX and other futures if spot FX falls over ever.
  • #16
  • Feb 22, 2010 6:28pm Feb 22, 2010 6:28pm
What is the smallest margin allowed to trade currency futures?

I'm asking since If CFTC passed their decision to restrict leverage I will jump into futures.
  • #17
  • Feb 22, 2010 8:02pm Feb 22, 2010 8:02pm
For exchange margins go to the CMEGroup website. Most brokers offer a discount for day traders. At IB (Interactive Brokers) it's 50% with a $10K min to open an acct (Lousy charts). At Open-E-Cry what you put up is 10% (See their margin page) and $5K min to open (Good free charts, I think?).
6E (euro) $4050 full contract 125,000.
6B (pound) $2700, but this a half sized contract 62,500, smallest margin, but comm is same.
Check out other brokers, Mirus, Lind-Waldock, etc.
Also, some foreign brokers offer CFDs that can be traded on MT4 with mini-lots. BroCo, maybe ODL, etc.
  • #18
  • Feb 23, 2010 6:32am Feb 23, 2010 6:32am
Plan to day trade.

Quite hard to look at margin offered by broker since most redirect to CME webpage.

Looking for the lowest daytrading margin around.

Another is maybe Ninja with Zen feed.

Plus a free order entry platform.

So anyone who trade Currency Futures please suggest something that comes close to those requirements.

Thank you.
  • #19
  • Feb 23, 2010 8:24pm Feb 23, 2010 8:24pm
I have the details about TradeStation...

They only offer day rates on Index futures, these are the margin requirements for a single contract with them:

DayRates
$1,406 - E-Mini S&P (ES)
$1,875 - E-Mini Midcap 400 (EMD)
$2,000 - Mini Russell 2000 (TF)
$1,625 - Mini Dow Jones (YM)

CME Currency rates, I'll just list some, these are the full contracts

$3,375 - Aussie Dollar (AD)
$2,700 - British Pound (BP)
$2,430 - Canadian Dollar (CD)
$4,050 - Euro Dollar (EC)
$4,050 - Japanese Yen (JY)
$3,713 - Swissy (SF)
$1,596 - Dollar Index (DX)

CME "mini" currencies, I'm not sure what size these are...I know the volumes are rather thin

$2,025 - Mini Euro (E7)
$2,025 - Mini Yen (J7)

$338 - E-Micro Aud/Usd (M6A)
$270 - E-Micro Gbp/Usd (M6B)
$405 - E-Micro Eur/Usd (M6E)

I hope this is helpful.

Regards.
"The markets are the greatest chess match ever played."
  • #20
  • Feb 24, 2010 1:10am Feb 24, 2010 1:10am
Thank you Tradester.

I think CFTC reducing leverage because liquidity at micro currency futures so thin and hope retail trader switch to micro currency futures once the decision passed.
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