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Hi everyone, I'm new to futures. I'm practicing trading the emini in a demo account on a platform called FireTip. So far I'm doing really well. But I'm a little skeptical since I've traded stocks for a long time. I know how deceiving the fills can be on demo accounts compared to the real...

thanks for the reply!

I'm also curious about currency futures and taxes. I've been told that e-mini S&P's fall under the 60/40 tax rule and Forex is in a gray area where it's not clearly defined yet how it's taxed. Do Currency futures like the E-Micro EUR/USD fall under the futures tax rules of 60/40 or does it...

When I checked the spread over the weekend while the market was closed the spread was 30 pips or so. That's pretty common when you look at spread data for anything that is closed. Sometimes the last price is a pip outside the spread but it has been only a one pip spread all day long. Can...

Current volume is 5211 which is nothing compared to the 1588602 for the emini. But the spreads are one pip.

I've been checking the E-Micro M6E today and the spreads were never more than one pip (which is the same spread as the normal size contract). Granted I am using a demo account and I'm checking quotes during normal U.S. Market hours. If that's normal for the spread I'm definitely going to...

Yup, that's the plan. Thanks.

Is the M6E the most liquid of all the E-micro currency futures? I won't be able to tell until the market opens. I've traded a lot of stocks with very low volume in the past and it's not the end of the world. I would just have to be a little more careful with my risk control. I would...

With a small size contract like that I can practice trading M6E while I'm doing my other strategies with the E-mini. I'm definitely not going all forex or currency futures for a while. But it'd be nice to try something here and there with low leverage to see if I can get a feel for it.

I'm checking into that. It's the (eur/usd) M6E right? Are the spreads huge because of the low volume? I'm very interested in that because it would be just $1.25 per pip which would be great for intermediate term trades even if the spreads were a little wider than normal.

I'm kind of a night owl anyway so I've also decided that most of my trading will be from 6pm-3am. Afterhours price action is less volatile of course so it will be great for learning the ropes on the ES for some short term trades here and there. Of course my main strategy will be trading longer...

I wasn't necessarily planning on trading them. I was just curious and thought I'd get opinions from people who trade them instead of spending a lot of time researching something I won't speculate on for some time. I'm so familiar with individual stocks and indices that I can't bring myself...

Will do. Thanks oldtime.

Like, I had stated previously I don't know much about currencies. I've been spending all of my time researching and testing the ES, but I didn't understand why there were currency contracts on a program that didn't trade forex. But I realize now those are two separate things. I know that...

I guess I can't disagree with any of you. Point made. Thanks.

Hi everyone, I've been trading stocks for a few years and I thought I'd start learning as much as I can about Emini futures. I downloaded a demo program called firetip. I don't know much about forex and I've never traded futures or currencies. When I talked to the broker they said they...

Hi everyone, I'm just starting to trade futures and I only have Mac computers at my house and place of business (I don't this to be a discussion about whether macs or pcs are better please). Most trading programs seem to be made for pc only. I found one online called FireTip which is PC or...

to oldtime: Any chance you could send me the link to the specific page on the cme website that talks about margin and spreads with eminis? Thanks again for all of the info!

Nice! Any suggestions for learning the basics in forex or did you just download a demo and figure it out?

Thanks for answering. I may not have explained it as clear in previous posts but that essentially sums it up (except only averaging up, not down). I like to start with small positions and add to them when they are going my way to reduce risk on my initial positions. I was looking into...