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Hi I've been trading cfds on ES for about 4 months with some success, and I have another 6 months of just watching the markets and backtesting, and I go to nyu stern; I'm looking to switch my trading to futures, now that I have saved $2000, because the spread is too high with cfds. I'm wondering if I'm going to be able to trade futures on metatrader 5 with amp while maintaining the same positive expectancy (I base my trading on good RR, cutting losses short, and winning more than not). So my question is: will amp futures interfere with trading futures on metatrader 5? They seem like a bucket shop, and if you don't know what I'm referring to I mean the broker version of metatrader 4: changing price randomly, hitting stops on purpose, changing spreads, etc. Is this even possible using cqg data feed??? Help would be appreciated
Can you help answer these questions from other members on NexusFi?
In my personal experience with MT5, its a great software, easly and learn to use. CFD are not recommended to trading, because you commerce vs brokers and not vs the market. CFD are manipulated with the brokers for make loose money of the people.
They are not a "bucket shop" because all your trades are directed to the exchange.
Futures are NOT an OTC Market.
All you guys who trade MT4 use mini lots, micro lots, small size and as such you get "accommodated" by those who can facilitate such contract. Liquid futures contracts are MUCH larger in size, and your 2K will not go far.
The issue that you be concerned with is notional size of contract.
Thank you,
Matt Z
Optimus Futures
There is a substanntial 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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This thread is no longer for personal use, as its 5 months old. I now use ninja + rithmic, and I understand how single exchange data connections work. Hopefully someone in the future will find it helpful!