I've traded them for years, love them and think they're excellent 'bang for the buck.' Not super-liquid after hours (can have wide spreads) but they give some superb action on occasion. -Prof.
you can also make some easy money doing arb sometimes in the mini's YG + YI ( oops ... let the cat out of the bag )
wow...great post...it may be a better approach then the larger contrracts...daytrade margin $450 and overnight $1,250...hmmm...anymore comments?
Exactly-- margins are excellent and liquidity is good during our U.S. session. I love them. Just remember the spreads can be pretty wide after hours. That pretty much sums it up. -Prof.
also watch out for the ( hidden ) stops ( i.e. todays overnight lows ) actually the slippage was not "terrible" ( $1-$3 ) compared to some fat finger nonsense over the yrs :eek:
I don't like the fills, otherwise, I guess they could be good and I always wanted to trade them consistently. But the slippage on some of those fills just killed that idea. :eek:
If you can't comfortably margin a 1-lot of the 100-ounce contract, you shouldn't trade the mini-gold at all.
How wide spreads? maybe oanda is better? Oanda has super liquidity after hours. How long trader waits for open one mini-contract?