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Hello Its me Wave I have traded the 6E and maybe I can possibly make the learning curve a little less painful.
this is only my second Post so I dont think I can put my email address in the post yet but maybe if we talk a little we will both reach the required number of posts.
Have you traded "live" yet or are you still in the simulation learing stage.
Hi Wave! Its good to hear from you! Finally i can see some light.
Yup, some post count barrier.
I have traded live with CFD's/market makers. But have never tried 6E before
Was thinking of looking over the other side at the futures.
So i thought i started with 6E.
Heres what i think i know on the 6E (correct me if im wrong)
1) It can only be traded on a centralized exchange - CME
2) There is an expiration date for it.
3) I would have to get a broker approved by CME to access 6E
4) Different brokers would provide different platforms?
Not too sure the differences between 6E and spot.
1) Was wondering if a margin fund would still be required for deposit? Will there still be leverage?
2) Besides the spread, will there be comm charges?
Hello Nice to meet you too. Are you really from Singapore ? It must be late evening there now is that correct ?
I think we will be able to communicate directly after a required number of posts, I believe I can assit you and
thanks to Big Mike Forum for providing an environment for traders to interact.
I understand their reasons for the rules he has and I do plan to become an elite member.
To me Singapore is a facinating place. I have never been there but I have been to Hong Kong and I have wanted to get to Singapore for a long time.
I have traded Forex and CME euro contracts and In my personal opinion the futures contracts are much better.
With forex the bids and offers seem to be all over the place fills can be very strange.
On top of all that, you are actually trading against the company you have an account with !
With CME Futures contracts there is no "Dealer" per say, only other traders with the exchange providing the point of
interaction rather than independent banks or dealers.
There are delivery nuances and things like that that are involved but for actual buying and selling and clarity about what the bid and offers are I feel the futures contracts are a lot better especially for new traders.
Yes You are correct with your other observations. What Time is it in Singapore anyway ?
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Yup, its in a GMT+8 or 12hrs ahead of NewYork.
So its 0230hrs in the morning as of this post.
S'pore is rather similar to HongKong albeit not so densely populated and less the hilly areas.
But traffic during peak hours can slow things down alittle, maybe due to its land size (just a dot on google map) lol.
Thanks , your info did clear some of my doubts.
Step by step im getting closer to CME. cheers
- Appreciate the links! Will check them out tmr, time for some shut eye now.