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yeah sure its reasonable commission
even with this high commissions on Micro currency futures contracts i see its far better than trading Fx,
and my point of view is better to trade on a exchange regulated market.
also if anyone still wants to trade fx and dont know which broker to choose
its better to go with an ib like Optimusfutures they do all the work for you.
Can you help answer these questions from other members on NexusFi?
Yes, the micro emini future as well as the whole product family will be available at Interactive Brokers. The all-in pricing will be between 0.31 USD and 0.46 USD per contract. We will inform you as soon as more details will be available.
I think it is easy to forget we are all pions.
There is almost 38k of open interest on the big S&P right now at $700k+ a car.
Between the big contract, ES and SPY there needs to be a reason for these to hang around. If you(by "you" I don't mean us, I mean hedge funds) need a fraction of ES you can already do that with much finer granularity with SPY.
These contracts are not going to be successful because of the demand from retail that can't afford ES.I would think it has to cut into SPY's business at the institutional level. That will not be easy by any means.
Any instrument is hard to trade because most people are using losing systems that have an optimal bet size of zero.
The farther you get away from zero with your bet sizing the quicker your bottom line will converge to the true win rate of a losing system. Of course having finer control over the amount of leverage will let losing systems pretend to be winning systems longer.
You can't make a losing system profitable with bet sizing but you can make a winning system unprofitable by over betting.
The leverage is exactly what makes futures harder because of the added chance of over betting winning systems, turning them into losing systems.
If you accept that the S & P 500 Index is the single best proxy for the global market, then you will have two choices to play that proxy with lower leverage -- micro-ES and SPY. The most efficient system always wins and micro-ES, with its 24 hour cycle, will more efficiently act as a proxy for the global market then SPY (although at first its prices will be a function of the Emini). That said, SPY has a massive first mover advantage and it will take some time, probably years, for micros-ES to catch up. But I think it will be a viable trading vehicle from the start for those seeking lower leverage or greater granularity.
R.I.P. Roy Goldberg (srgtroy), 1965-2023.
Please visit [url="https://nexusfi.com/off-topic/60226-srgtroy-r-i-p-brotha.html[/url] for more information.
Institutions are going to keep the spread tight for this new instrument because unlike the other micro contracts, emini has tremendous volume already and the micro has the same tick increments.
The lower margin requirement to hold a micro es contract vs spy is a major advantage. This benefits both institutional and retail traders. Plus the micro has 24 hour trading and twice the granularity of spy. If the fees are comparable, the micro es beats spy hands down.
I would not expect that this list is exactly what we can expect but hopefully pretty close.
“The major work of the world is not done by geniuses. It is done by ordinary people, with balance in their lives, who have learned to work in an extraordinary manner.”
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