HOME FORUMS BROKERS SOFTWARE BOOKS OPTIONS ANALYSIS CONTACT US
Your Account  •  Become a Member  •  Help  •  Search    
    Forums ›› Futures Trading ›› Eurex Trading ›› Looking for advice on European futures trading  


Post A Reply
    Page 1 of 3:   1  2  3  
scottomatic
 

Registered: Nov 2004
Posts: 4

 

10-21-06 09:34 PM

I am looking to start daytrading some of the European futures markets. Most of my trading thus far has been end of day, due to the fact that I work 9-5. I am looking for advice regarding European markets with regular sessions that I can trade before I go to work (I live in New York). I make a little money trading, generally, and would like to throw my hat into the ring and try to do it for a living. But I'm not a daytrader (yet!) and certainly am not going to quit my day job until I've proven to myself that I can pull some money out of the markets on a regular basis.

I know the European markets vary quite a bit, and hear things like 'you'll get killed trading the DAX,' so I'm looking for advice from people who are successfully trading European indexes.

Which European based futures markets are good places to start, where I can find similar movement, liquidity and volitility to the usual American index futures I am used to (ES, ER2, YM, etc)? I would like to find markets with good, tradeable action between about 3 am and 7 am eastern time. Any other advice on this topic will be greatly appreciated, such as preferred brokers, exchanges/platforms, etc.

Thanks, Scott

    Edit/Delete Quote Complain
KS96
 

Registered: Aug 2005
Posts: 2002

 

10-22-06 06:37 PM

If your account size is large enough, you won't get klilled trading the DAX. Most traders killed by the DAX were undercapitalized. To trade off 5min charts with 1 contract, I wouldn't start with anything less that $15k.

Try Eurostoxx50. Much more forgiving, and you can start with $5k, single contract, and 10pts max risk.

SMI might do also. Not very forgiving though.

    Edit/Delete Quote Complain
RedDuke
 

Registered: Feb 2005
Posts: 1806

 

10-24-06 03:02 PM

Scottomatic,

Welcome to my world. I am doing exactly what you are trying to do. I also live in New York, have 9-5 and trade between 3am-7am. Building grub stake for full time trading. European markets are where the volatility and liquidity are at these hours. I trade DAX futures, they are not dangerous of you have some what decent stake and know what you are doing. Minimum between 10-15k. Euro Stoxx are much less volatile, though more liquid, and their tick value is smaller than DAX. Bund which is the most liquid unfortunately sleeps most of the time. SMI has a small volume.

Regards,
redduke

    Edit/Delete Quote Complain
Difital Fibers
 

Registered: Nov 2005
Posts: 28

 

10-25-06 04:40 PM

Which Broker do you gentlrmen use for the Euro mkts?

    Edit/Delete Quote Complain
RedDuke
 

Registered: Feb 2005
Posts: 1806

 

10-25-06 08:53 PM

I use 2 velocity futures and vcapfutures.

    Edit/Delete Quote Complain
scottomatic
 

Registered: Nov 2004
Posts: 4

 

10-26-06 11:09 AM

Thanks RedDuke and KS96. The info is much appreciated. Any opinions on CAC, FTSE or Gilt?

Regards, Scott

    Edit/Delete Quote Complain
    Page 1 of 3:   1  2  3  
Post A Reply


Receive an email whenever a new post is added to this thread by subscribing to it.
Rate This Thread:

Forum Jump:
 

 

   Conduct Rules    Privacy Policy Copyright © 2010, Elite Trader. All rights reserved.    
 
WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
AMP Trading
Futures and FX Trading
Bear Trading
CBSX Broker Dealer
Bright Trading
Professional Equities Trading
CTS
Futures Trading Software
ECHOtrade
Professional Trading Firm
eOption
Discount Stocks & Options
Epiphany Trading
Breakthrough Trading Solutions
eSignal
Trading Software Provider
FXCM
Forex Trading
Global Futures
Futures, Options & FX Trading
IG Markets
FX & Derivatives Trading
InstaForex
Forex Trading
Interactive Brokers
Pro Gateway to World Markets
JC Trading Group
Direct Access Trading
Lightspeed Trading
Direct Access Trading
MadScan
Trading Software Provider
MB Trading
Direct Access Trading
Mirus Futures
Commodity Trading Services
NinjaTrader
Trading Software Provider
OneChicago
Electronic Futures Exchange
PureTick
Futures Trading Alerts
Questrade
Brokerage for Canadian Traders
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thinkorswim
Direct Access Trading
TickQuest
Trading Software Provider
TradersStudio
Trading Software Provider
TradeStation
Direct Access Trading
Trading Technologies
Trading Software Provider
Trend Following
Trading Systems Provider
Velocity Futures
Derivatives Trading Services
WallStreetWindow
Stock Trading Newsletter
Zumo
Futures and Options Trading