[jazz]

Hello there,

I stumbled on the forum as I was googling FDAX trading. I started daytrading full time about 2 months ago. I trade mostly US equities and occasionally options. However, I'm interested in trading futures particularly FDAX.

I have a few questions. If anyone gives me some advice, I'd be grateful. Does anyone have any recommendation on good resources (websites, books, etc) for futures trading (especially on DAX and Euro Stoxx 50)? I guess I need to learn some basic futures trading (i.e. contract rollover). How about recommendation on futures brokerage companies? I use NinjaTrader for charting. I'm checking out Mirus Futures. Does anyone have any experience with them?

Thanks for your help.

Jasmine

[pipbanker]

I am with Mirus.
Pretty satisfied.
If you are only starting to explore futures, FDAX is not the best to start, it is a pretty wild beast. However, if you know what you doing dax can make you tonns of money. I am done trading dax in about 1-1,5 h after open. However if the opportunities are there I would not mind taking it later too.
You might wanna check 6E or ES as a beginner. CL would be a good one if u know what you doing.
Just open demo with mirus and click buttons, it cost you nothing. Enjoy
for more Qs write in PM

[TheNegotiator]

Jasmine, you can be absolutely battered in the DAX unless you really know what you are doing and have a solid trade plan. It moves aggressively and the tick size is quite big compared to other products. Take a look at it by all means, but just be very careful. Also, I'd say that if you are in Europe it's going to be easier to trade it. If you're not, the latency issues with it could be a problem depending on how you trade. Good luck.

[jazz]

Awesome! I have a demo account with them and been papertrading the first 1.5-2 hours once DAX opens. Thanks for your help. You will see PMs from in the near future.

Thanks,

Jazz

[jazz]

Hi TheNegotiator,

I absolutely agree with you. I've been papertrading FDAX. FDAX moves a few 10s points in a heart beat. I must be disciplined. I appreciate your advice. I'm gonna explore other Eurex.

Thanks,

Jazz

[TheNegotiator]

Maybe if you want to take a look at Eurex, try Euro stoxx.

[jazz]

That's my plan this Monday. Thanks. Have a good weekend.

Jazz

[pipbanker]

This is the trade from today FDAX
735 usd in 10 min