seeking lowest CL daytrade margin

Discussion in 'Commodity Futures' started by increasenow, Nov 8, 2008.

  1. yea, $3,300 WAY TOO HIGH
     
    #11     Nov 10, 2008
  2. now that is more like it...getting better!!!...thanks...
     
    #12     Nov 10, 2008
  3. anyone else?...lower?
     
    #13     Nov 10, 2008
  4. Go to http://www.google.com

    Type futures brokers and you can see for yourself. Nobody knows all the futures brokers everybody is sampling only a portion.
     
    #14     Nov 10, 2008
  5. mr888

    mr888

    lol, 3.3k is too high? trading oil is one of the toughest, and you want low margins, hahaha. post when you blew your account.
     
    #15     Nov 10, 2008
  6. I'd trade it with a $150 daytrade margin
     
    #16     Nov 11, 2008
  7. or even $75
     
    #17     Nov 11, 2008
  8. Fuck it, they should pay you to trade it. God you are dumb.
     
    #18     Nov 11, 2008
  9. Increase, unless you've graduated to super futures trader over the past few weeks do NOT touch the CL. The Oil market is <b>easily</b> one of the hardest markets to trade. To add fuel to the fire, you are looking for the lowest margined broker available. For the record, it's probably Global Futures but if you try and trade that monster you'll blow up fast!

    It's you vs. Exxon Mobil, BP Amoco, and the likes, in this market. Good Luck. You'll need a lot of it.

     
    #19     Nov 11, 2008
  10. Here you go. $1,650 for intra-day contracts. This is probably for the QM. The QM is $500 per point, the CL $1000. The spreads are not bad on the QM during regular trading sessions. You can use limits or stop limits to manage the fluctuations in the spread. It's actually more difficult to manage the spread getting out than it is getting in.

    http://www.globalfutures.com/margins/margins.asp

    Oh, and....if you use stops while day trading this....they can actually get hit even if the market doesn't actually trade there. Tight stops on this instrument guarantee you'll lose quick. <b>It's not for beginners.</b>
     
    #20     Nov 11, 2008