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Futures

XBTZ19 Data Capture, 6 months of Bitcoin Futures dataIn my experience Tradingview does not keep data of expired Bitmex contracts after expiration. The primary purpose of this post is to keep the valuable data from XBTZ19 contract from being lost forever. My indicator script XBT Contango Calculator Version 3 is used in this example to capture all the data from the December Futures contract. This post should be a historical record of how backwardation and contango affected price action during the last 6 months. I will do this post at each expiration, primarily for my own benefit and analysis, but also as a record other traders in the community can look back on. Please also see below "Links to related Ideas"
BITMEX:XBTEducation
by SchamBTC
This is why the SPX is overdue for at least a 2.50% pullbackThe equity markets in the US have been moving really well through highs like its nobody's business, however as they continuously progress the moves get shorter and the pullbacks non-existent. Recent a 1.5-2 year wedge in formation was broken to the upside which indicates a bull trend continuation. Usually, the pop above the broken resistance will revert at least temporarily to the broken level before moving higher. This isn't a crash and recession call to all-time lows rather an opportunity to identify a potential retrace before a larger pop. The facts are, the volume on this whole break higher has been terribly low, no one wants to buy a market at all-time highs and no one wants to sell because they want more profit. Its been 2 months with just 1 red week and that red week was insignificant. The pullback brings the price down to the wedge break and previous highs at least 2.50% lower than the price right now. From there, there will be 2 catalysts that bring price higher. 1. A lot of big money is waiting for an "in" on the long side of the market and when deemed cheap enough will bid up the market by strong buying. 2. The Fed is still pumping A LOT of money into the economy at abysmally low rates.
CME_MINI:ES1!Education
by TRADEPROAcademy
6
What is the role of speculators (short term)?To mainstreet, speculating is "what wall street does" and "is abstract", sometimes "what banks do", they have no idea what it is for, the image I guess is fast cars and stupid banker drinking champagne all the time? The wolf of wall street. Wolf of wall street was a stock broker, but they're all just the same to people aren't they? Plenty of people get involved in markets, but I want to focus on what I do which is speculating. Risk taking. Predicting the future. This is what 99% of new fresh retail traders think of when they first get in. I rarely see a definition of what trading is, and I even never or very rarely see it divided in different areas (as I said on the chart, arbitrage market making etc are different from speculating). Today for the first time someone is going to explain exactly what it is and what its purpose is, market by market (but really I'm going to explain for forex & futures which are my area of expertise and just throw out guesses for the rest). And yes, it does serve a purpose, at least in forex & futures it does. * Futures (Metals Agriculture Energy) Futures markets allow farmers, industrials, miners, businesses in general, to conduct business efficiently without having to worry about price fluctuations. This has to be the easiest to understand, because physical goods are involved and real people that need to buy or sell these goods regardless of events they have no control on. This, the futures exchange market, has existed for at least 10 millenia. 10000 years! Can you believe it? In 1750 BC, trading was carried out at temples, so they even had a trading floor like the CME before computers. medium.com (On the internet you can find the story of Thales - the mathematician & philosopher you probably heard about at school- that predicted the olive harvest would be exceptional and speculated on that, and made alot of money doing so. That was 26 centuries ago). Futures have existed for as long as agriculture did. Our entire civilisation is based and relies on futures! Some examples: Grains (Corn Wheat Soybeans Rice). So to sum up: - On one side: Farmers & Food manufacturers/distributors looking for price stability so they may run their business smoothly. Get rid of the risk. Their job is producing or processing food. - On the other side: Speculators eating up all of the risk, miam miam miam nom nom nom, dealing with market fluctuations and portfolio fluctuations. Their job is to take risk and anticipate future price movements. One could almost say with certitude, there would be no civilisation without speculators fulfilling this role. Complete mayhem. Industrial metals: Another example with food: From a company that sells advice to food industries and manufacturers: Supermarkets that put small businesses out of business are now also at a risk of closing shop, as consumers want the cheapest goods they can get: Concrete simple quick example of when unhedged costs can really destroy a company: According to a SEC filing they have 30 billions of debt. They are completely vulnerable to the weather and other random events. 2 catastrophies and bankrupcies in less than 20 years are you serious? And consumers are paying for it? See why futures are useful now? Ah, energy. No point repeating the basic principle, it's the same as for industrial metals & various agri goods. let's look at a few bankrupcies. The most famous one might be ENRON but that's not because of price fluctuation it's because they were crooks. By the way ENRON CEO created a crypto the day he got out of jail. What a guy XD He's instantly back to scamming. Energy Future Holdings. Calpine Corporation. Were, and still are, the largest generator of electricity from natural gas and geothermal resources in the United States. This is the opposite of the previous one. The previous one lost money because prices went down. That one went bankrupt because costs went up. All they had to do was buy long futures... Businesses that buy and sell energy fuel are part of the market, whether they like it or not. NOT buying long contracts inderectly makes them speculate the price will go down, OR that it won't go so high it will cripple them. Basically makes them bagholders holding onto a loser. The company received $2 billion in financing to allow it to keep its plants supplying customers. From taxpayers I assume? The great rektage of 2015. This is not an officially adopted name, it's one I choose to describe this. It should become the official term. What happened? More than 330 North American energy companies went bankrupt. Estimate of the cumulative debt fluctuate between 100 billion and 500 billion. www.houstonchronicle.com The WSJ keeps track of the listed companies bankrupcy filings since 2015, I am not sure they are all here but anyway it's still big: graphics.wsj.com Coal. Not sure how this works, but some companies producing coal went bankrupt when prices started to fall. James River Coal is still running, Patriot Coal is defunct, and its retired workers lost their health benefits. For the employees themselves there is not much they can do there. Recently you have US farmers that not only lost china as a customer, had their crops destroyed by a recent heat wave, but also have to deal with lower prices, because of the trade war (since demand dropped). www.cnbc.com Still, they are defending Trump, and he has an approval rating of near 80% with them. I know that even small farmers, not just big companies, participate in the futures market, but I don't really know how many. Anyone is allowed to. If there is 1 thing farmers industrials and utility companies can learn from this, it's don't gamble man. Leave the gambling to the professional gamblers. According to the CME (if I remember correctly), their futures speculators in general are not taking huge amounts of money home. So it's not like the price of hedging was insanely high. They might lose up on potential profits but at the end, their job is not to take risks and have massive fluctuations in their pnl and go bankrupt every few years. Another reason: Sustainable consumption level Copied from wikipedia because I am lazy: To sum up, what are speculators good for in the (industrial metals, energy and agriculture) futures market: - They absorb risk, allowing producers, industrials and consumers to not get (sometimes massive) fluctuations in their costs & profits - They may or may not price commodities more correctly via the research they do on those - Sustainable consumption level * Foreign Exchange There are so many exports in the world. Go to any store, it will be full of foreign goods. "Made in China" everywhere. Huge ship filled with huge containers are docking at Rotterdam every day. The biggest port for this stuff is Shanghai in China. In 2018 they processed 42 million twenty-foot equivalent units (big containers). I guess one of those can hold 2 cars, or a small truck with a car on it, or 25,000 kg of goods. Rotterdam is number 11 on the list with 14.5 million container equivalent processed. According to this: www.thebalance.com The USA in 2018 exported for $2.5 trillion and imported for $3.1 trillion. People importing and exporting goods are probably going to work with several currencies. They want to make money, the last thing they need is to lose money because of some foreign exchange fluctuation (countries have had fixed rates but it always ends bad as the forces of supply and demand mainly demand end up being too much to handle). About the fixed rates: countryfolk end up paying for that. Either the taxpayer directly through taxes, or via inflation as central bank/governement prints imaginary money out of thin air to buy their currency (or sell) to maintain that rate/floor. Even Bretton Woods system had its end. "On 15 August 1971, the United States unilaterally terminated convertibility of the US dollar to gold, effectively bringing the Bretton Woods system to an end and rendering the dollar a fiat currency." Other hedgers might be someone from the US buying and selling a company. He buys a NZD company, its value goes up 15%, he sells for a profit and then converts back to usd. Wups, the NZDUSD rate dropped by 25% meanwhile, so he actually lost money. One third of the forex volume (I think) comes from swap "buy a currency on day 1 and sell another on day 2". Internet companies, like steam, can use the spot fx market for converting the money they made selling games (in this example) to europeans, into usd. Steam keeps their game prices stable, so either they take on the risk willingly, or perhaps they use the foreign exchange market to hedge against price fluctuations. I do not know what they do but this might be it. Ad revenue on the internet probably generates alot of forex trading... Same concept once again. Various businesses (businesses is such a wide term) are not trying to gamble, they are selling a service on the internet, selling soybean to china (too early?), selling cars to the US, selling electronics to the world, paying salaries worldwide, foreign investors don't want their 50% up investments in a stock market to make them lose 20% because of currencies fluctuations etc. Some have complained that speculators make the market more volatile, and hurt global operators especially those into import/export. And it's true when some investment bank traders are manipulating rates, obviously. The problem is not with speculating itself.. I would say speculators have these uses: - Mitigate or even almost eliminate economic activities risk from unknown future prices. - Fight idiotic central policies and forced rates, the way George Soros broke the bank of england. If it is possible to keep buying an undervalued currency, people are going to rob these central banks. Imagine you can buy a house at half the price in england... - Maybe via analysing every information about a product, they help set the "right" price of a currency (making the market more efficient) * Stock market Speculators in the stock market: - In the case of short sellers, they help remove capital from failing companies or even frauds (ENRON) & re-allocate it better, so they fight waste and prevent future investors from buying an overvalued company. - The bring liquidity? So investors can more easilly buy or sell? - They get excited and create bubbles that slow down the economy and causes millions of jobs to be lost? - That's it? * Bonds I have no idea. I hope you didn't check this post to see what I thought about bonds. * Crypto - Help make criminals richer (drug dealers paedophiles terrorists north korea) - Divert capital from the economy towards a ponzi scheme - Parasites that add nothing to society * Real Estate - Create bubbles - ???
Education
by MrRenev
EW Analysis: Wave structure Suggests Limited Downside For BTCHello traders! After that deeper corrective decline called double zig-zag W-X-Y pattern on Bitcoin , it's time to take a look at potential support levels. We decided to take a look at Bitcoin dominance ( BTC .D) against the ALT dominance (OTHERS.D), where we clearly see a corrective decline in wave 4 that can find support soon, ideally around previous wave »iv«, 38,2% Fibonacci retracement and 14.00 – 13.50 area. So, seems like BTC Dominance will come back, which can be supportive for Bitcoin , especially if ALTs are looking for the potential support or bottom, but according to dominance, BTC should be still doing it better than ALTs! We also decided to take a look on BTC Futures chart, because it's more accurate than those from exchanges. As said above, we are tracking a double zig-zag W-X-Y corrective pattern, which can be approaching the end soon, ideally once BTC .D/OTHERS.D chart finds support. From technical perspective, previous wave 4 and 61,8% Fibonacci retracement are actually ideal support zone and if we also consider an open GAP from May, which usually acts as a reversal point once it gets filled, then we should be really aware of a potential bounce around 7000 area, specifically 7400 – 6300! As always, the count always needs to be confirmed, so we will be watching very closely when/if comes into the support zone . And, if BTCUSD is really going to rebound in strong and impulsive manner later, then we will be looking for longs, but until then we have to patiently wait! Trade smart! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
CRYPTOCAP:BTC.DEducation
by ew-forecast
1
XBT Dancing the Contango and Farewell to XBTU19 data?This idea is to expand on my recent observations while trading Basis (spread) of futures contracts for XBT, and how recently Contango and Backwardation have been a good timing indicator for XBTUSD. For more detailed explanation, please check out my indicator script the XBT Contango Calculator in related link. Typically I have noticed that Futures premium/discount primarily flow along with price movements. For example, when price goes up, premium goes up and vis-versa. However, what i found most interesting over the last few weeks is there was a divergence in XBTUSD price and XBTZ19 futures premium (blue line), which i noticed for the first time. Additionally, this happened right before the BREAK See below A primary objective of this post, is to see if publishing this idea in Tradingview will keep the XBTU19 data (orange line) plotted by the XBT Contango Calculator. I have found that charts of expired Bitmex Futures are not available on Tradingview after expiration. Studying XBTU19 September futures has been very useful for trading over the last few months and hope this post will stand as a record on how Contango and Backwardation in XBTU19 contact affected price action (assuming data doesn't disappear after 9/27). If anyone knows a way to plot historical Bitmex data, please help me out. I believe it can be pulled via API from the following link, but I am not able to figure it out. www.bitmex.com THE FOLLOWING ARE TWO REASONS WHY I WANT TO STUDY HISTORICAL DATA FROM PREVIOUS BITMEX FUTURE CURVES. I think both of these scenarios could represent the two directions we have at the current moment. As you will see, if past futures curve data was available from these time periods, it could be helpful in deciding which direction to trade. EXHIBIT A - Mid November 2018, price drop after consolidation triangle EXHIBIT B - Mid July 2017, price pullback and continuation after consolidation triangle Let me know your thoughts?
BITMEX:BTCUSD.PEducation
by SchamBTC
7
Fundamental Analysis: It worksHey, hey, hey! Wassup wassup wassup? Bitcoinnect!!! You'll be happy to know the $50 I left on my Bitmex account when I defenitively quit crypto are doing very well. Went short 130 bucks saturday morning at the price of $10090, and that went rather well :D So as long as this little money survives I'll still look a little bit and make calls and you'll still hear from me. So as you can see, fundamental, in this case we can maybe call it news, analysis works! Coupled with TA in the form of that descending triangle, it worked like a charm. As an individual, being a firm by yourself, knowing 1 market inside out has its rewards, but it is also pretty risky. 1 way to do it I could suggest if you want to go this way would be: - Have 1 to 3 markets that are your specialty (the more you have the less info you'll have on 1). If you trade very short term probably 1 is max, higher TF 3 is ok you just go for the big moves maybe. - Have 1-2 strategies you are really good at, and a handful of other markets you don't know great, but well enough to trade if your mains are being slow for a while. Example: When BTC was flat in August-November 2018 you likely could not have traded it great. Looking somewhere else would be interesting. Back to BTC. In December 2017, people that knew a little about future predicted that CME launch would mark the top for Bitcoin. This is going to be the top for a couple of years at least, maybe forever... I wonder if the BTC decimated investor community are going to get mad at "wall street" for "killing" Bitcoin with futures? The first futures in history date back from babylon 1750 BC, they were some kind of agriculture future. I'm just going to copy it from wikipedia: Futures are known for "crashing markets" because producers, when futures become available, use them to sell their products early on at a guarenteed price. I speculate that the price crash is often violent because once futures open alot of producers are going to be interested but there won't be much speculators to absorb their orders. Or it could just be that the market becomes more efficient and the price finds its more right spot. In a futures market you need hedgers (producers or even buyers such as the company making corn flakes being corn buyers) and speculators. Afaik no futures market has ever worked without the 2 being present. So we can see that it is likely that what happened with CME futures is that all these miners (you must have heard the stories) "I sold my house to buy Bitcoin mining equipement" vastly reduced their risk (their risk of not getting their equipement money back) by purchasing selling contracts, basically "I will sell 5 Bitcoins in the future at a price of $19000", as long as they'll mine those 5 BTC, they have nothing to worry about, they will be able to sell them at that price. For the other large futures company, the ICE, and their overhyped Bakkt futures, the logic is different. Here, people were excited and prepared to see large institutions start buying massive amounts of BTC (don't ask me why they thought this would happen). And day 1 went like this: 65 BTC were traded in total. Day 2: 163 BTC traded. And of course, no institutions are interested. Once again. But some people thought they would suddenly change their minds and bought BTC in anticipation for this. So here, today we learned something important.
BITSTAMP:BTCUSDEducation
by MrRenev
6
Trade To Win"Those who lose - trade not to lose. Those who are successful - trade to Win." Losing Vs Winning Most traders are more focused on not losing than they are on winning. Do you understand what this means? This means you are acting not in your best interest, but against your self. By focusing on how much you can or might lose, or on not losing, you increase the likelihood of making mistakes which ultimately lead to a losing traders equation, and a negative equity curve. Profitable traders do not care about losing. They understand it is part of winning. They focus on winning. What is the best move in this moment? Should I get out or continue to hold based on what the market is telling me? Winning traders accept the risk totally and completely; before getting into the trade. In other words, they have already lost what is on the line. Therefore they act in their own best interest, not based on their thoughts about what they could lose, but based on what the market is telling them to do in this moment. Other than this psychological difference, here are a few other key components on How to Trade To Win. Defined Edge - Every trader who is making money in the market has some form of edge which he employs. Even if his edge is purely intuitive. This is extreme and rare however, and most traders have clearly defined their edge and will only trade that edge. This removes randomness. Many beginners think they are going to study the market and be able to trade the market no matter what it is doing (trade intuitively). This is simply not the case for most. The purpose of studying the market is to identify opportunities in form of an edge. An edge is a setup or context which repeats itself over time. It might occur once a day, once a week, or once a month. It does not matter. All that matters is that you only trade your clearly defined edge, and leave the randomness behind. For more information, you can read about the edge I use in every market I trade. We also describe how you can develop your own edge, and trade it in any market. Stop Doing, Relax Efforts - If you are losing in the market, chances are you are doing too much. Many beginners, and even experienced traders think they must be trading in order to be a successful trader. This leads to random trading, over trading, and mistakes which compound themselves. You end up digging a hole, and instead of looking for a way out, you look for a different shovel. The harder you try to make a profit, the more you do, the more actions you make, and the more you lose. The market rewards those who are observant, disciplined, and most importantly patient. The market takes from those who try too hard, and do too much. If you dont believe me, try as hard as you can to make money, and see how you do! By relaxing your efforts, you relax your mind. In turn relax your actions and decision making. You do not have to trade every day to be a profitable trader. It sounds paradoxical doesn't it? How can I make money trading if I dont trade? By only trading when it is appropriate like when your edge is present, you better your odds of success. Profitable trading does not come from trading constantly. Profitable trading comes from the act of non-doing, and out of a state of emptiness. Profitable trading is effortless, it comes out of waiting for just the right moment before taking action. And then waiting some more while the market proves you right or wrong. Profitable trading is not forced; it just happens. Active VS Passive Trading - This is very similar to the previous topic. Active trading is a trader who is constantly in the market, trading whatever he see's or feels right. This trader is often wrong, and when he is right he makes the mistake of exiting too early due to fear. This leads to a negative traders equation as he continues to struggle to do the right thing. An Active Trader mentality is one which does not believe in "non-doing." He believes he must, and can, do something. He is afraid of missing out and is often swayed by thoughts and emotions. So he continues trading never looking back, and at the end of the month cannot figure out why his account is in the red. A Passive Trader is the opposite. He passes on more trades than he takes. He does not care about what he misses out on. He only cares about what he takes and the actions he makes in the market. He does not force trades, he just watches the market until he knows what to do. Or he waits and waits until his edge finally sets up. He is passive in his efforts, rather than active. He does not care if he doesn't trade today, this week, or even this month. Trading is not what is important to him; winning is. He knows that profits come from sitting, waiting. Because he is willing to wait, he is peaceful. And profits continue to come into his account, effortlessly. For more information on developing this type of mentality, see below. We also detail how to understand markets through price action, how to create, define, and employ an edge, and how to develop your traders mentality to succeed in markets. If you found this helpful please like! Feel free to comment or ask questions.
SP:SPXEducation
by tradersmentality
Master the Simple Inside Bar Pattern hey guys, on WTI we have a perfect example of Inside Bar candlestick pattern on a daily chart. An inside bar is a series of bars or sometimes just one bar that is contained within the range of the preceding bar (mother bar). The first rule that we should take into account is that inside bars must have a higher low and lower high than the mother bar. The second rule is that we trade this pattern only after bearish or bullish breakout of a mother bar trading range. The logic behind inside bar is simple. It indicates a time of indecision and market consolidation. Inside bars typically occur as a market consolidates after making a large directional move (bearish on WTI), you also can see this pattern at key decision points like major support or resistance levels. For WTI our plan is to wait until a violation of a trading range. Remember that the candle MUST close below or above the range before we take any action!
FX:USOILEducation
by VasilyTrader
7
Correlation EURUSD VS. USDCHFHere is my two yestarday´s levels from my Members area. ( Both ended up in profit ) Let me explain my how correlation between EURUSD and USDCHF works and how you can look at the charts. EURUSD and USDCHF are negatively correlated (correlation almost -100%). If USDCHF falls, then EURUSD should rise. If EURUSD rises, USDCHF should fall. This means that in similar areas there will be similar levels for trade. HOW THIS CAN HELP ME IN TRADING? If you consider some price level for trade make sure that is visible on other pair too... If will be significant area for long on EURUSD, make sure that there is a significant area for short trade on USDCHF too! If there is, then you will be more likely to have a successful trade. Happy trading Dale
Education
by Trader_Dale
The best Van Tharp's Quote!! Read all his books!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Van Tharp “When you understand what’s involved in winning, as do professional gamblers, you’ll tend to bet more during a winning streak and less during a losing streak. However, the average person does exactly the opposite: he or she bets more after a series of losses and less after a series of wins.” Over the 18 years of trading the Futures/ Stocks and Currencies market, Van Tharp's books have help me immensely. I suggest you read his books. Some of them are listed below; Trade your way to financial freedom Super Trader Trading Beyond the Matrix Safe Strategies for financial markets Financial freedom through electronic day trading I have a large collection of trading books. If anyone needs suggestions on great trading books i would be happy to send you a list :)
Education
by SMPTrader
9
Best intruments to short term trade: Looking at the spreads.Howdi fearless gamblers. Today/Tonight/Yesterday I want to post about spreads. I have spend some time calculating them, so I thought, why not share? It does not cost me anything and it has value to you. In what is best to short term trade, this is what you must look at (correct me if I am wrong): - The volatility: if it does not move you are not going to get anything out of it. - When are we open? Does it fit your time schedule? - Your personal preference. - The spreads: if you aim for 1% moves and 0.3% is going to the broker, you won't get very far... Of course, this is not very important for anyone holding trades over periods of several days or weeks. So this is what I have: Currencies All calculated with FXCM, it is around the same everywhere (decent). *** USD pairs *** --- Tier 1 --- EURUSD => 0,010% USDJPY => 0,010% GBPUSD => 0,011% --- Tier 2 --- USDCAD => 0,017% USDCHF => 0,017% USDMXN => 0,017% --- Tier 3 --- AUDUSD => 0,023% --- Tier no thank you --- NZDUSD => 0,027% USDSEK => 0,031% --- God Tier --- USDCNH => < 0,0075% *** Cross pairs *** --- Tier 2 --- EURJPY => 0,016% GBPJPY => 0,018% EURCAD => 0,018% EURNZD => 0,020% EURAUD => 0,015% EURCHF => 0,019% --- Tier 3 --- GBPAUD => 0,022% GBPCAD => 0,022% --- Tier no thank you --- AUDCAD => 0,027% GBPNZD => 0,025% EURGBP => 0,024% AUDJPY => 0,026% AUDNZD => 0,032% CHFJPY => 0,022% GBPCHF => 0,027% --- Tier lol dis a joke man? --- NZDCAD => > 0,045% The Forex moves I look at that happen in a few hours to maybe 2 days are 0.30% 0.50% 0.75% 1%. A spread of 0.03% is 10% of that 0.30% move. Futures --- Tier 1 --- Gold => 0,03% Moves twice as much as FX --- Tier 2 --- Copper => 0,11% Moves 3 times as much as gold, 6 times FX. Oil => 0,07% Moves a little more than gold I think? Maybe 1,5-twice as much. --- Tier lol dis a joke man? --- Silver => 0,30% TOO DAMN HIGH NatGas => 0,33% Moves alot, but still too high. Cryptocurrencies The volatility at the time is non existant for crypto but it will change so I am looking at it anyway, for the day this changes (I get spammed with alerts every day for FX and see moves over and over and over, crypto? Something I might see 30 times a month with FX I might see once a time with crypto. Just look at the charts.) So usually the commissions are the same for all, on Binance without BNB it is 0.1%. Crypto moves are 3% 5% 7.5% 10% etc (with bigger risk thought). On Kraken it is going to be more or less the same as Binance, it depends on your volume. On Bittrex Polo etc it is higher (unless it changed). If you are taker you got higher fees + a little spread. So if it moves 10 times as much as FX (when it moves I mean), you dive 1% by 10, BUT remember you will pay it twice (go long and take profit). So 0.2% / 10 = 0.02% Which places Crypto between Tier 2 and Tier 3. Same as a GBP pair or Copper. Copper moves as much as Bitcoin too or almost as. Pretty much you can trade either and have the same experience minus the sideways and armies of bagholders telling you what a fool you are for not accumulating with Copper. Indices I do not have the values with me but alot are super low, with DAX the lowest and NASDAQ second, maybe the euro thing too. The big indices are tier 1. UK and French ones I think are tier 1 too. The surprise for alot of people would be that Dollar vs Yuan is the one with the lowest spread. Every one is talking about how many pounds per pip and how many pips they take because they are obssessed with how much money they will make and really bad at math. That is not what matters. What matters is USDCNH has the lowest spread and is the most profitable thing to trade in the whole universe if everything else is equal. * It depends WHEN you look at USDCNH thought... At the time, I am fully focussed on trading FX perfectly before I move back to anything else. I only trade the tier 1 to 3 as well of course, as the mighty USDYUAN. So this is my watchlist and what I am trading at the moment, 16 of them: FX:EURUSD,FX:USDJPY,FX:AUDUSD,FX:USDCAD,FX:GBPUSD,FX:USDCHF,FX:USDMXN,FX:USDCNH,FX:EURJPY,FX:GBPJPY,FX:EURCAD,FX:GBPAUD,FX:GBPCAD,FX:EURNZD,FX:EURAUD,FX:EURCHF I really want to trade gold and copper again, but for now I am focussed on perfecting a new strategy (I already had one before but I wanted to master a new one... I cannot help it I am too competitive...). Then I will add Futures again, and then go look at crypto, which might have stopped being unbearably pointless by then. I think we get a mighty dump in the next weeks, but that will not mean the volatility is back, just a mighty dump a sharp bounce, and then back to boredom for months or even years. I am not interested in looking at stocks. Open a few hours a day with only the first and last hours being worth spending time on? Haha no than you! I would rather do macro economics and trade indices. I cannot be bothered with the latest FOMO news and this mighty stock that will make idiots millionaires GUARENTEED.
Education
by MrRenev
1