Trading in Australia

Quote from Scientist:

I have a few times traded European futures, i.e. looked at DAX, CAC and Eurex. The DAX is nice, the Eurex futures could even be the next great trading medium of the world, since it's being heavily advertised now as well as for many other reasons.

How are you gonna change your night trading to day trading? Trade European markets? You'd be better off trading the HKFE or NIKKEI then, wouldn't you?

For me, it would be a large step - I know a lot of stuff about the ES and NQ and its stats and behaviors - Switching markets completely would require re-learning a lot of stuff, since the markets aren't exactly identical. So that would be one barrier to start with.

Interesting conversation!


Scientist.
More...

I have been trading Amex ETFs and nasdaq Bluechips and got
into CME E-MINIs recently.
I were planing to get into forex to have more flexibility for my living time, until I got the Europe market Idea.

You are right. (Switching markets completely would require re-learning a lot of stuff), but doesn't worthe doing it. For me it's
difinitly.
It does not mean i will be stoping US market, but somdays you have to skip trading nighttime, so next day you get recovered
doing forex or Europe market in the morning (when in Dubai)
and afternnon (when in Bangkok).

well, it all depand what you want from your life based on your
status and personality. I am a bachelor and intend to stay for
at least 5-10 years from now, and can't imagine trading at night
for whole my precious life period.
 
Btw, this way you are even diversified. If you have losing day
in Europe market, you might have wining day in forex or US
market, and Viseversa.

Even some days you don't mind trading for whole day.
You can trade just US market if you can asure that you
have everyday wining, but what if you lose 1 day and
another day breakeven, with remaing three winning days
and two days off in a week.
Then you have a total of 2 winning days in a week only.
Sounds not so good.
 
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