YM daytrade beginner advice

I would like to start trading this market, but can't justify paying $60.00 to collect and have access to just one symbol?

What is the latest word for the possibility of the $60.00 fee just for the YM being reduced or rebundled?
 
Quote from BellWeather:

I would like to start trading this market, but can't justify paying $60.00 to collect and have access to just one symbol?

What is the latest word for the possibility of the $60.00 fee just for the YM being reduced or rebundled?
More...


$60 a month is nothing, if you cant pay that how can you afford to trade YM? it's $5 move for 1 point for 1 contract. You could lose $50 in a few sec trading just 1 contract. Besides the datafeed give you access to not just YM, but all other futures too like ES, NQ

EDIT: also if you goto mirusfutures.com, you can sign up for a free demo account, which will let you get the zen-fire datafeed for FREE! although i dont know how long it lasts, i have been using it for a week without problem
-----------------

Btw does anyone know why the future commission is so expensive though? It seems the cheapest comission i can find is around $4.26 just for 1 contract trade . That's a lot more expensive than options or stocks. You are losing almost 1 point every trade just to comissions. Why do they charge so much?

IB has 1 Roundturn = $4.26 that means it cost $4.26 to execute 1 YM contract order to enter + execute 1 YM contract order to exit right?
 
Quote from zakariawaiz:

still i have confusion. It say it running 24 hrs electonically .Do you mean only trading occur btween 8 am to 4 pm.
More...


It does not run 7/24
It runs 7:15PM to 4:30PM EST Sunday-Friday
 
Quote from Mike21:

YM is best to daytrade between 9:30am - 12pm EST. The same as all Eminis. If you want to trade graveyard shift, you should look at forex.
More...


How come only till noon?
 
Quote from BellWeather:

I would like to start trading this market, but can't justify paying $60.00 to collect and have access to just one symbol?

What is the latest word for the possibility of the $60.00 fee just for the YM being reduced or rebundled?
More...

what $60 fee are you referring to?
 
You must log in or register to reply here.
Back
Top