there's a profit split so it's probably not the best place to trade futures... (if that's all you plan on trading...) mnx
why is it not the best place? you incure no risk at swift trade other than no income. wouldn't it be a good place to learn? what other places do you suggest?
If their "style" of trading matches yours, I would definitely do it. If you want to scalp a couple contracts a few hundred times a day, Swift is for you. If you want to swing overnite, forget it. And if you want to learn without risk or pay, why not paper trade?
well you have the potential for income whereas paper trading does not. also, just like paper trading, there is no capital risk. trading futures takes a lot of money. why not have a company provide that for you?
if that's what you are looking for (trying it out without any risk, then swift would be a great place...) i just assumed you were somewhat experienced... mnx
thanks man. no i'm not experienced. i understand that you can lose a lot of money in the futures. a bad idea for a beginner. i assumed that you said that swift trade is a bad place to trade futures because there's another firm that may offer a better profit split
yeah, or you could trade them through a retail account... as far as trading futures at swift, it is very difficult because you are only allowed to lose $50 in a day before you get shutdown... that means a fixed stop loss of 4 ticks... So like it was said above if you want to scalp 100's of times a day then it's a good place... If not, you'd better develop the best entry points ever known to man... mnx