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Could it be that currency futures are way easier to trade?


Discussion in Currencies

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  #11 (permalink)
 Spottrader 
springfield, US
 
Posts: 70 since Apr 2022


Keab View Post
If you want bang for your buck then the Nasdaq,Dax and Dow Jones futures contracts are great.

Yeah, a lot of the fx people that try futures seem to like the Dow...

Whether they actually are making money is another thing.

Also seems like they're utilizing the "prop firms" to get to the futures market.

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  #12 (permalink)
 Spottrader 
springfield, US
 
Posts: 70 since Apr 2022


DaysOff View Post
My first thought is the opposite, but that's just my gut feel. Isn't there a high correlation amongst the micro currency contracts?

M6A - 21 period ATR is showing 0.0054, 0.0001 tick size, $1 tick value = $54 daily range
M6B - 21 period ATR is showing 0.0077, 0.0001 tick size, $0.63 tick value = $48.51 daily range
M6E - 21 period ATR is showing 0.0060, 0.0001 tick size, $1.25 tick value = $75 daily range

MES - 21 period ATR showing 61, 0.25 tick size, 1.25 tick value = $305 daily range
MNQ - 21 period ATR showing 285, 0.25 tick size, 0.5 tick value = $570

With AMP futures, the initial margin requirement is as follows:

M6A - $36
M6B - $47
M6E - $52
MES - $40
MNQ - $100

Personally, I'd trade MES if I only had to pick one.

I'm not sure what contracts are tied to which currency in that list, but there's definitely going to be correlation from what I've seen so far. That said you should familiarize yourself with the actual currency. Each have their personalities and volatility/liquidity characteristics.

To answer the original question currencies by themselves are not easy as they look as far as trading in the spot market due to some factors.

I'll see what happens when I go live in the futures market, but I have my doubts.

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  #13 (permalink)
 Spottrader 
springfield, US
 
Posts: 70 since Apr 2022



Blaster666 View Post
About micro futures contracts with good liquidity (e.g m6e) I think they could be way easier to trade rather than indexes/commodities/treasuries/etc not only cause of low margins, but overall cause they tend to lateralize most of time, then giving opportunities to scalp some ticks when there is no reports/events/etc ...

What do you think about this? I think that most chances of winning are in trading ranges, rather than trying to guess where an index is going at a certain point, for example.

In short, it may look easy on the chart, but there is a lot going on away from that chart that matters. If it were easy I wouldn't be considering moving towards currency futures and away from retail fx. There's a plethora of bases to cover when you trade a pair.

As mentioned in a previous post I have my doubts that it will be easier. I'm hoping there is some sort disconnect in certain areas from trading the actual currency.

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Last Updated on May 25, 2024


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