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Trading CL but not on futures?


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Trading CL but not on futures?

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  #11 (permalink)
 
lemons's Avatar
 lemons 
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
Posts: 959 since Nov 2010

I trade also oil with Oanda.com West Texas Oil / USOil
And my spreads 2.5

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  #12 (permalink)
 
juveman11's Avatar
 juveman11 
Montreal, QC, Canada
 
Experience: Beginner
Platform: MultiCharts
Trading: Crude CL
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how long have you been with them? any complaints, how's the slippage?
I'm with AxiTrader.

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  #13 (permalink)
 
lemons's Avatar
 lemons 
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
Posts: 959 since Nov 2010



juveman11 View Post
how long have you been with them? any complaints, how's the slippage?
I'm with AxiTrader.

Not long but zero complaints

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  #14 (permalink)
 IzhakHaim 
white plains new york
 
Posts: 66 since Apr 2016

Why do you trade it with a 2.5 spread when the CL future is just 1 tick spread?
Why to have a need of 2.5 ticks just to break even (before comm')???

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  #15 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
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IzhakHaim View Post
Why do you trade it with a 2.5 spread when the CL future is just 1 tick spread?
Why to have a need of 2.5 ticks just to break even (before comm')???

Because on the CFDs and FX at times they get leverage that is not given in futures.

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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  #16 (permalink)
 
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 juveman11 
Montreal, QC, Canada
 
Experience: Beginner
Platform: MultiCharts
Trading: Crude CL
Posts: 17 since Jun 2016
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Yep like Matt said, it's mostly due to leverage and lot sizing. You can open a $1000 account and use a minimum of 0.01 lots....this way you test out your strategy and system before deciding to open a 15k futures account for example.

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  #17 (permalink)
 
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 Inletcap 
Murrells Inlet SC
 
Experience: Advanced
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There is also QM which is a mini CL @ 500 brl per contract vs 100. For day trading or longer this could be a good option. I've never traded it but I am told the spreads are a little worse and due to the low volume liquidity is poor so it slips around a bit but would be fine for day or swing trading. Keep in mind that the min price move is 2.5 cents vs 1 cent

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  #18 (permalink)
CrimsonMacaw
Sydney Australia
 
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It would seem then that CL, as opposed to QM, is a better choice for position trading when taking the minimum price movements into account.

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  #19 (permalink)
 HoopyTrading 
Boston, MA
 
Posts: 264 since Apr 2014


Inletcap View Post
There is also QM which is a mini CL @ 500 brl per contract vs 100. For day trading or longer this could be a good option. I've never traded it but I am told the spreads are a little worse and due to the low volume liquidity is poor so it slips around a bit but would be fine for day or swing trading. Keep in mind that the min price move is 2.5 cents vs 1 cent


Inletcap, interesting you mentioned the QM. I just started looking at it, and I am kinda' not liking it's movement based on it's risks. Seems to me just plain old full-sized oil would give better potential. That would take time and research to verify however. But neat that someone else has been looking at it.

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  #20 (permalink)
 
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 sands 
London + UK
 
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Open a day trading margin futures account with a broker data feed, with let's say AMP futures for example. You'll typically need $500 or there abouts to commit to your education and you are away to start trading to a sim platform (you'll need to review the providers software options as these will vary).

Start seriously with a futures acc and a decent liquid market and you'll have the best chance to progress.

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