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I would be interested to hear peoples comments regarding some of the "other" DAX instruments (various types of CFD's and the like) on offer with some of the brokers with variable ticks per point.
My main question is: How closely does the price action on these other DAX instruments mirror/match the main futures FDAX?
Near enough identical on IG and Finspreads/City Index. Futures and cash indexes. You see some spread variance shifts and slight swing timing subtleties but nothing to complain about these days in my experience, much better than years ago.
I'm pretty satisfied with Fxcm's Ger30 CFD. Only 1 pip spread during London session , 2 pips after London close until NY close. It provides me the volatility needed for intraday trades.
I think it's the usual 200:1 gearing at fxcm-uk . Pnl pr tick....not sure, guess it depends on how many lots you put on.
I've never used anything more than 5 lots yet. :-)
Try their demo first, then you'll probably find out a lot of these things.
Apart from the usual economic calendars, is there any other live news commentary or site that is good to get a heads up for the fdax? I am running quite a decent strategy provided I keep away from all the morning EU news and stuff that causes heavy parabolic type moves.