Some questions - bucket shops and stats

I didn't catch facetious, you've been the most helpful so far! :)

I suppose you don't know who knows what they are doing and who doesn't from the start do you? Until someone mentions a trading method with no indicators and just s/r and momentum...
 
Have a nice day trader said:
what sort of spread are you getting on S+P and Nasdaq and what is your commission per trade?
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A tick spread, and around $4 per round-trip (I trade NQ, not ES. I generally find ES a little like watching paint dry, and you definitely would, if you're used to the Dax. I used to trade the Dax, by spreadbetting, years ago, when I first started, but I switched to the FTSE because the Dax was a bit wild for me. Just reminiscing, here ...). ES/NQ is CME, not Eurex. ES and NQ are both hugely liquid. (I'd guess Dax futures can't be too illiquid, either, but probably not comparable with ES/NQ??? I don't know this - only guessing.)
 
Xela said:
A tick spread, and around $4 per round-trip (I trade NQ, not ES. I generally find ES a little like watching paint dry, and you definitely would, if you're used to the Dax. I used to trade the Dax, by spreadbetting, years ago, when I first started, but I switched to the FTSE because the Dax was a bit wild for me. Just reminiscing, here ...). ES/NQ is CME, not Eurex. ES and NQ are both hugely liquid. (I'd guess Dax futures can't be too illiquid, either, but probably not comparable with ES/NQ??? I don't know this - only guessing.)
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So the $4 is regardless of position size? More likely per contract? I know you can't trade at $5 per point but if you could you'd be paying 0.50 cents on the tick plus $4 or $4.50 in total. At 9 tick spread at 5 GBP per point I'm paying 4.50 GBP in spread. Works out the same unless the position size gets higher and the commission stays the same?

I like trading the DAX BECAUSE it moves a lot. Position yourself well and pull your stops in tight and you can get some good moves with you on board. Not sure about liquidity but I do seem to get some slippage. Could be the broker though. Usually it's not much more than half a point which is annoying but bearable.
 
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