Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Hi, I live in Brazil and would like to trade american commodities.
I operate for 3 years in the local commodity market. I used a free Ninjatrader account to look how works the amercican market. I analyzed the Corn contract (March-2017) at 7 PM. I observed corn contract had little liquidity. When I opened a 1 minute chart, I saw that the chart was with gaps. My question: Do you operate corn or other commodity contract using tape reading? I found the flow too low to do tape reading. Is there any other contract (commodity) with greater liquidity? Soybean, oil, wheat, etc?
Other question: Do you think any problem if I to look at the flow of the American Futures Market and trade through forex? Is there any advantage of trading directly by a futures broker?
Thanks
Everton
Can you help answer these questions from other members on NexusFi?
If you compare ZC with CL (corn and crude oil, you are comparing a Cesna propeller airplane with and F-35)
If you are talking about a Forex broker, are you talking about a Forex pair related to a futures underlying values or about a CFD ?
The advantages of a futures broker are :
- central electronic price book
- small spread
- small commission
- highly liquid
US grain futures are a local US market so there is poor liquidity at night. Grains trade from 9:30am-2:20pm Eastern Standard Time and the liquidity is very good during that period and the margin is low. Crude oil is more international, so it will have more liquidity at night, but it's a much larger contract, so much larger margin.
To review trading hours and margins look at the CME website. If you want to trade FX you might want to consider OANDA.
Not to bust your chops but I think as a general rule we should do some sort of research before asking questions. Crude oil symbol can be found in almost all platforms (including ninjatrader) by simply looking for it (it's CL btw).
Not sure what you mean by more expensive. If you are talking about commissions it differs from broker to broker.
That really depends on what you are trading and with whom you are trading. Several fx brokers earn their fees from the spread between mid and bid/ask whereas others charge a commission and operate similar of a futures broker. If you are trading currencies, then most fx brokers may be cheaper than trading futures. If you are trading CFDs, then it depends on the CFD. If spreads on the CFDs are too wide, then of course it would be cheaper to just trade the futures contract.
On a personal note, I prefer trading futures. However, when I was trading fx with OANDA (as a noob), I had access to a Bloomberg terminal and would check prices against Bloomberg if I felt I was stopped out without reason. OANDA's prices on those instances were always in line with Bloomberg. The only time I felt cheated was when OANDA widened the spread around news events and it triggered my stops.
Hi, Sorry by ask. I researched about the Crude Oil Code. I already saw the Crude Oil Chart (CL 03-17), but since yesterday there isn't trades in this contract (CL 03-17). I researched the trading hour in CME site. It's confuse. Could you help-me, please? Is the contract correct?
