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Recommedation - Micro Futures vs Micro Forex
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Recommedation - Micro Futures vs Micro Forex

  #11 (permalink)
Market Wizard
whitestone, new york
 
Futures Experience: Intermediate
Platform: ninja trader
 
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Posts: 1,520 since Oct 2010
Thanks: 3,371 given, 2,054 received
Forum Reputation: Legendary

Hey Xav, glad to see you movin along.I follow the cl, but trade the QM.Its about 1/2 the $ of the cl contract, and much less liquidity.But, it works for me,as it works for you!

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  #12 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
Favorite Futures: Fx
 
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Posts: 273 since Nov 2009
Thanks: 52 given, 59 received


Quoting 
I have no faith in an unregulated market

I lost faith when they split my mini lot order.

I am in a transition looking at futures.

Every experience counts so I can avoid the obstacle.

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  #13 (permalink)
Temet nosce.
Northern Indiana, USA
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Mirus/Zen-Fire
Favorite Futures: M6E, 6E
 
V i m's Avatar
 
Posts: 137 since Oct 2012
Thanks: 87 given, 66 received


I decided to give the M6E a shot, but charting the 6E like Xav recommended. Considering I am still at a pretty early stage in my "trading", it's not like I have much to lose other than time. Getting used to the platform and some screen time with the 6e price action will be the lions share of my use for it in the near future. At most I'll be doing light sim trading only to learn the basics, for now.

I'll be using the Mirus/Zenfire/NinjaTrader combination to start. I considered velocity since their M6E commission seems to be a fair amount cheaper (1.86 vs 2.22, round trip - *not verified*). However, I would rather start with Zenfire since it was rated so well by the futures.io (formerly BMT) community, and Velocity only offers the Trading Technologies data feed. But that's just conjecture since I have no personal experience with any of this yet.

And considering its all a free trial, it's not like I can't switch to something else at any point. So, it's all downloaded and setup. My new trading workspace is looking pretty good and it just screams at me "I am going to take all your money noob". Thus, I am back to hitting the books/forum over the weekend to prevent that from happening. There are some seriously hard working people on this forum, so I know getting past that 95% failure rate won't be an easy task.

Hope everyone had a good week!

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  #14 (permalink)
Elite Member
Tampa, FL
 
Futures Experience: Beginner
Platform: NinjaTrader, Sierra Chart
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: 6E, M6E, 6J
 
Xav1029's Avatar
 
Posts: 1,374 since Dec 2011
Thanks: 1,452 given, 3,354 received


V i m View Post
I decided to give the M6E a shot, but charting the 6E like Xav recommended. Considering I am still at a pretty early stage in my "trading", it's not like I have much to lose other than time. Getting used to the platform and some screen time with the 6e price action will be the lions share of my use for it in the near future. At most I'll be doing light sim trading only to learn the basics, for now.

I'll be using the Mirus/Zenfire/NinjaTrader combination to start. I considered velocity since their M6E commission seems to be a fair amount cheaper (1.86 vs 2.22, round trip - *not verified*). However, I would rather start with Zenfire since it was rated so well by the futures.io (formerly BMT) community, and Velocity only offers the Trading Technologies data feed. But that's just conjecture since I have no personal experience with any of this yet.

And considering its all a free trial, it's not like I can't switch to something else at any point. So, it's all downloaded and setup. My new trading workspace is looking pretty good and it just screams at me "I am going to take all your money noob". Thus, I am back to hitting the books/forum over the weekend to prevent that from happening. There are some seriously hard working people on this forum, so I know getting past that 95% failure rate won't be an easy task.

Hope everyone had a good week!

Glad to hear you are taking the first step and best of luck to you. One thing that happened to me on SIM is that it gave me false confidence. I was making money every day on SIM, so I went live thinking it would transfer over. Well, I found out the hard way that SIM is not like live trading unless you are a sociopath. IMO SIM has its benefits(ie learning a platform and gaining a POSSIBLE edge), but some things inside your brain just do not get processed the same as live money. Best of luck and I recommend you start a comprehensive journal for you to look back on. Journaling has been a huge step in my slow development. Don't be scared to post your most embarrassing mistakes, because it helps you in the long run (look through mine and you will see some huge hiccups )


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London Calling
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  #15 (permalink)
Elite Member
Tampa, FL
 
Futures Experience: Beginner
Platform: NinjaTrader, Sierra Chart
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: 6E, M6E, 6J
 
Xav1029's Avatar
 
Posts: 1,374 since Dec 2011
Thanks: 1,452 given, 3,354 received

What to watch out for

Perfect example: 18 tick difference at close

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London Calling
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  #16 (permalink)
Elite Member
Tampa, FL
 
Futures Experience: Beginner
Platform: NinjaTrader, Sierra Chart
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: 6E, M6E, 6J
 
Xav1029's Avatar
 
Posts: 1,374 since Dec 2011
Thanks: 1,452 given, 3,354 received

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London Calling
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