Eminis

[Rockhoundnz]

Hi,

I find that no one can teach you trading. Its all got to do with experience and that take times and by paying $7K wont do the job. To get the experience you have to actually trade the market and get the feels with emini and read stuffs you found on internet, books/ebooks etc.

You are wrong, ruht03. The vast majority of the best traders in the world were taught by other experienced traders. Just because you went to one seminar and didn't like it doesn't mean that there aren't good traders out there that can teach you how to trade. You just have to look harder. Here's a tip - avoid the websites that have glitzy advertising and outrageous claims, like "Would you like to learn how YOU could have the OPPORTUNITY to earn $500 - $1000USD or even more... per day/night?". Look for the ones that focus on teaching you to trade, not on how much money you will make. Do golf pros advertise with words like "Would you like to learn how YOU could have the OPPORTUNITY to win the Australian Open or even the US Masters?"... I think not.

 

[nighteyes]

You are wrong, ruht03. The vast majority of the best traders in the world were taught by other experienced traders. Just because you went to one seminar and didn't like it doesn't mean that there aren't good traders out there that can teach you how to trade ...

Definitely agree with you Rock. It is so important to look for a good experienced moderator whose underlying interest is more to help develop your trading skills then to make money off selling their system.

 

[mazzatelli1000]

For those trading the **************** Methodology ---- this is my interpretation:

It uses: Pivot Points
MACD
Stochastic

The Stochastic in this case is not put in a lower pane, but overlaying the price action. Basically **************** teach that if it moves in sync with the MACD, then it helps "confirm" the divergence from Price. Basically 2 indicators that move in sync with each other makes that signal all the "stronger".

NB: you can learn this concept (MACD Divergence) for free from many websites and also from Elder Alexanders book for a measly $100.

Also by only taking these signals when they bounce of Pivot points helps enhance the chances of the signal being "correct".

Again --- plenty of great info of the web and posts in ASF here for FREE about pivot points.

My point???
The $7k charged for learning that is overpriced and the talk about working only a few hours a day to make 5-10% of margin is BS.

For those who have invested money in it and are emotionally attached, I am not having a go at you.

Cheers

 

[Offshore]

HI everyone If this is the wrong place to post this let me know.

I am looking for info on E-Minis I have just watched a DVD from
eminisglobal.com and they refer to brokers fees of $2.50 per trade but every broker I have found is more like $6.00 to $7.00 even more.
Anyone have more info on this
It would be much appreciated

 

[mazzatelli1000]

Re: Emini's

HI everyone If this is the wrong place to post this let me know.

I am looking for info on E-Minis I have just watched a DVD from
eminisglobal.com and they refer to brokers fees of $2.50 per trade but every broker I have found is more like $6.00 to $7.00 even more.
Anyone have more info on this
It would be much appreciated

Your referring to Traders International folk
$2.50 per trade - but when trading futures you will need to complete two transactions - so enter and exit commissions - so the $5 mark sounds about right

Also beware of them quoting returns on margin - a bit misleading
enjoy

 

[Offshore]

Re: Emini's

Your referring to Traders International folk
$2.50 per trade - but when trading futures you will need to complete two transactions - so enter and exit commissions - so the $5 mark sounds about right

Also beware of them quoting returns on margin - a bit misleading
enjoy

Yep that's the dudes they sound a bit dodgey 7K for a course.
So you are saying the otyher brokers are $7.00 all up not in and out?


but I have been trading FX and would like to go back to indices as I think this year will have some good trades coming up.
I used to use CMC's marketmaker but found the software slow and you couldn't triple trade
ie enter, stop and take profit like you can on MT4 platforms.

 

[mr.x]

Re: Emini's

I looked at traders international in great depth.I made a spreadsheet of their live trading results over the last three years and it looked too good to be true and it is.It is all hypothetical trading. the master trader is not placing the trades.Traders international does not hold a financial licence.I managed to track down the guy who holds the financial licence they use .he told me what i have stated above.I have also read postings on a few forums of people who use this service and they say thatafter paying about 7 k the time they give you before charging for the live trading room not long enough.e- mini global is an affiliate of traders international. hope this helps you out.

 

[Offshore]

Re: Emini's

I looked at traders international in great depth.I made a spreadsheet of their live trading results over the last three years and it looked too good to be true and it is.It is all hypothetical trading. the master trader is not placing the trades.Traders international does not hold a financial licence.I managed to track down the guy who holds the financial licence they use .he told me what i have stated above.I have also read postings on a few forums of people who use this service and they say thatafter paying about 7 k the time they give you before charging for the live trading room not long enough.e- mini global is an affiliate of traders international. hope this helps you out.

Thanks for that Yeah I run a Mile if anyone asks me for 7K up front.
ha

 

[chris2009]

Hi All, I have a question i haven been able to clarify if anyone can help.

What happens to your future contract if it is left open and the trading day closes at 15:15 Chicago time, does the position automatically close or will it remain open for after hours trading?

Also the same thing but this time the contract month is finishing does that mean you have to get rig of any contracts you have for that period?

Where is a limited order stored? example; I use Ninja Trader, so i place a limited order with a stop loss and it gets filled. So now if i leave Ninja Trader on and the stop loss is hit the position exits. But what happens if Ninja Trader crashed and the stop loss is hit while the program is offline does the stop loss only work while Ninja Trader is online or is the full order stored on the broker or exchange server and gets executed regardless weather Ninja is online or not?

Thanks for your help

 

[lindsayf]

Re: Use of the term "E-minis".

Completely disagree. The ES (S&P 500 mini contract) Is controlled by algorithm trading. To call the most liquid high volume futures contract a smaller players contract is very wrong. The pit contracts are dying a slow death and it seems your info is about 10 years old.

so TH are you saying that the trading in the ES is more alogrithm based than other instuments..and does this mean it is any different or more difficult for the retail trader to trade than any other futures index?

Lindsay

 

[Green2]

Nighteyes, how is your experiance with the emini Co that must not be named,
Do you have any regrets or are the sceptics wrong.

I would be very interested to know I am allso interested in the eminis and would like all the info I can get.

Regards green2

 

[chris2009]

Green2 check out this thread;
https://www.aussiestockforums.com/forums/showthread.php?t=317&page=2

 

[ivant]

Hi All, I have a question i haven been able to clarify if anyone can help.

What happens to your future contract if it is left open and the trading day closes at 15:15 Chicago time, does the position automatically close or will it remain open for after hours trading?

Also the same thing but this time the contract month is finishing does that mean you have to get rig of any contracts you have for that period?

Where is a limited order stored? example; I use Ninja Trader, so i place a limited order with a stop loss and it gets filled. So now if i leave Ninja Trader on and the stop loss is hit the position exits. But what happens if Ninja Trader crashed and the stop loss is hit while the program is offline does the stop loss only work while Ninja Trader is online or is the full order stored on the broker or exchange server and gets executed regardless weather Ninja is online or not?

Thanks for your help

Ok, your futures contract will close out only when it expires, if you haven't closed it out yourself. It depends which contract you are trading. They all have different dates they close out. I.e May Delivery Coffee Robusta closes out on the 30th of April for dealing. Which leads us to your second question. This all depends on your Broker. If your broker allows delivery, then if you dont close out the trade, you will get delivered what you bought. You need to buy out the remainder of the contract obviously. If you are using a CFD provider, or most smaller futures brokers, you will just get the contract rolled over, which also means a new contract, ie different code and different date for delivery.

The last question is more about how data works. Data is stored on a server. The server will be either the platform provider (ie your broker) or it will be the platform creator. Once again, something to address to the broker. To cut the story short, the client (your end of the program) is what sends the data to the server (the brokers end). If your end crashes, theirs is unaffected. For more detail, i suggest wikipedia. But in short, your limit order will get executed.

 

[ivant]

On a side topic, WHAT IS OUR PROBLEM (as humans) WITH WANTING EVERYTHING FOR NO EFFORT.

If you want returns without trading, go with a managed fund. You face the risk of it being a ponzi scheme. Eg Madoff.

If you want to trade, read a load of books, talk to people, create methodologies or systems and backtest them, and prepare a load of money to lose on failing.

You can do anything in this world, and you can start trading with 5k. Just expect to lose it all. Probably a little extreme to start in futures, but it can work. I think any futures trader who can live off it will tell you that they started in shares or to advise starting in shares. Futures are levereged. You can lose 20k if you cant take a loss, and its pretty damn hard taking a loss early on.

To cut that short, seminars are for added education, and you need to look for people that are trusted and good sources of information. Usually good for them to be traders too. If they are not traders, its all bollocks.

On the topic of seminars, I was invited to a seminar a few years back ran by CMC markets, which was a load of fun. I swear the guy who ran it never executed a successful trade in his life. He sure rammed in using stop losses though (so that CMC's spikes take out all those people in the room in one decent move).