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Hi,
Is there EuroDollar trader? I have a quick question. I have read that EuroDollar is one of the most actively traded futures. However, I took a look at the chart of EDG08 (2 minute and 5 minute) and the chart looks like a ill-liquid stock chart. Do I look at the right symbol and chart? Which forward month is the most actively traded? Thank you very much.
yjl |
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Yes EuroDollars are the most actively traded contract, maybe in the world. They tend to trend very nicely as well. The rub: most of the time the movement is very little. Large institutions take positions and make money on slight price changes. So the daily range tends to be very small. On a 2 min or 5 min chart it would look like an illiquid stock possibly.