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Trading CL but not on futures?
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Trading CL but not on futures?

  #11 (permalink)
Elite Member
Tallinn, Estonia
 
Futures Experience: Beginner
Platform: SC
Broker/Data: Oanda
Favorite Futures: USOil / West Texas Oil
 
lemons's Avatar
 
Posts: 782 since Nov 2010
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I trade also oil with Oanda.com West Texas Oil / USOil
And my spreads 2.5

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  #12 (permalink)
Elite Member
Montreal, QC, Canada
 
Futures Experience: Beginner
Platform: MultiCharts
Favorite Futures: Crude CL
 
juveman11's Avatar
 
Posts: 16 since Jun 2016
Thanks: 6 given, 6 received

how long have you been with them? any complaints, how's the slippage?
I'm with AxiTrader.

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  #13 (permalink)
Elite Member
Tallinn, Estonia
 
Futures Experience: Beginner
Platform: SC
Broker/Data: Oanda
Favorite Futures: USOil / West Texas Oil
 
lemons's Avatar
 
Posts: 782 since Nov 2010
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juveman11 View Post
how long have you been with them? any complaints, how's the slippage?
I'm with AxiTrader.

Not long but zero complaints

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  #14 (permalink)
Membership Temporarily Revoked
white plains new york
 
Futures Experience: Intermediate
Platform: NJ
Favorite Futures: CL
 
Posts: 66 since Apr 2016
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Why do you trade it with a 2.5 spread when the CL future is just 1 tick spread?
Why to have a need of 2.5 ticks just to break even (before comm')???

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  #15 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
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IzhakHaim View Post
Why do you trade it with a 2.5 spread when the CL future is just 1 tick spread?
Why to have a need of 2.5 ticks just to break even (before comm')???

Because on the CFDs and FX at times they get leverage that is not given in futures.

Matt Z
Optimus Futures

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PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #16 (permalink)
Elite Member
Montreal, QC, Canada
 
Futures Experience: Beginner
Platform: MultiCharts
Favorite Futures: Crude CL
 
juveman11's Avatar
 
Posts: 16 since Jun 2016
Thanks: 6 given, 6 received

Yep like Matt said, it's mostly due to leverage and lot sizing. You can open a $1000 account and use a minimum of 0.01 lots....this way you test out your strategy and system before deciding to open a 15k futures account for example.

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  #17 (permalink)
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Murrells Inlet SC
 
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Favorite Futures: ES, CL, ETFs
 
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There is also QM which is a mini CL @ 500 brl per contract vs 100. For day trading or longer this could be a good option. I've never traded it but I am told the spreads are a little worse and due to the low volume liquidity is poor so it slips around a bit but would be fine for day or swing trading. Keep in mind that the min price move is 2.5 cents vs 1 cent

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  #18 (permalink)
Trading Apprentice
Sydney Australia
 
Futures Experience: Beginner
Platform: NinjaTrader
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It would seem then that CL, as opposed to QM, is a better choice for position trading when taking the minimum price movements into account.

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  #19 (permalink)
Membership Temporarily Revoked
Boston, MA
 
Futures Experience: Intermediate
Platform: NT7
Favorite Futures: CL, RB, LE
 
Posts: 264 since Apr 2014
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Inletcap View Post
There is also QM which is a mini CL @ 500 brl per contract vs 100. For day trading or longer this could be a good option. I've never traded it but I am told the spreads are a little worse and due to the low volume liquidity is poor so it slips around a bit but would be fine for day or swing trading. Keep in mind that the min price move is 2.5 cents vs 1 cent


Inletcap, interesting you mentioned the QM. I just started looking at it, and I am kinda' not liking it's movement based on it's risks. Seems to me just plain old full-sized oil would give better potential. That would take time and research to verify however. But neat that someone else has been looking at it.

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  #20 (permalink)
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London + UK
 
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Open a day trading margin futures account with a broker data feed, with let's say AMP futures for example. You'll typically need $500 or there abouts to commit to your education and you are away to start trading to a sim platform (you'll need to review the providers software options as these will vary).

Start seriously with a futures acc and a decent liquid market and you'll have the best chance to progress.

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