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Question about CL and QM Contracts
Started:December 5th, 2009 (04:37 PM) by DannyG Views / Replies:6,445 / 22
Last Reply:December 6th, 2009 (07:11 PM) Attachments:0

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Question about CL and QM Contracts

Old December 6th, 2009, 04:18 PM   #21 (permalink)
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Futures Experience: Advanced
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Posts: 65 since Aug 2009
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I was looking at futures brokers (moving away from forex) and Mirus is $2500 min account, $500/car margin. Maybe that was "best case" as I haven't personally inquired.

Big Mike View Post
I believe Amp Futures and Mirus Futures requires $10,000 to open an account. CL margin is $2,000. If you have a good history with them, you can get it lowered to $500 or $1000 per car, especially if you have a higher balance, lots of trades, and a track record of winning.


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Old December 6th, 2009, 04:35 PM   #22 (permalink)
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Futures Experience: Intermediate
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What are the best times to trade CL ? where the best moves are and most volume too ?

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Old December 6th, 2009, 07:11 PM   #23 (permalink)
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soumi71 View Post
What are the best times to trade CL ? where the best moves are and most volume too ?

Just be aware of Crude Oil Inventories reports at around 10:30am EST and keep in check of the news, any hurricanes in the Gulf Coast, or conflicts in the Middle East. As I'm sure we all know by now that the price of Crude is a very geo-politically influenced. You can check for the schedule using this economic calandar.

The next report at the time of this writing is Dec. 9th at 10:30am EST. I'm not saying to trade during this time, if you are good at catching breakouts, by all means you could make a buck. But stay out otherwise.

What does it mean that they say the price of crude oil is "Perfect" at 75? Will this mean the Crude charts will remain flat for a very long time? Except for major news events?

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