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M6B is it worth it?
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M6B is it worth it?

  #1 (permalink)
Elite Member
Czech Republic
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: E7, M6E
 
petrmac's Avatar
 
Posts: 174 since Jun 2011
Thanks: 275 given, 206 received

M6B is it worth it?

Hi,

does anyone have experience with trading the M6B? The leverage is even smaller than in case of M6E, but the volume is low and the commissions can be problem if the targets are not big enough.

Despite the issues for a beginner who wants to trade real $ this instrument might have some advantages...

Thanks for your opinions.

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  #3 (permalink)
Trading Apprentice
New York, NY
 
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I think you'll find all the questions relating to this contract answered by the M6E/E7 threads (of which there are several), except that the spread on M6B is usually a little wider (~4 ticks). All other characteristics are pretty much the same.

M6A is also a good one, if you're interested in the Aussie.

The other currencies (Canadian, Japanese, & Swiss) can get a little more tricky, and are significantly less liquid than the M6E, M6B, & M6A.

While we're on the topic, if you want to trade the other currencies (Micro-Canadian, -Japanese, or -Swiss), make sure you select MCD, MJY, & MSF respectively (NOT the M6C, M6J, & M6S). Reason: MCD, MJY, and MSF are settled in US $$, and will not trigger a currency-conversion, which will usually cost a conversion fee and some headache.

M6C, M6J, & M6S are all settled in the opposing currency.

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