EMini Volume Profile Daytrading

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Euro Spot Forex Mini Swing Variations:2 New Videos

Posted by Editor on February 2, 2011

In the 2 new videos connected with this post, we will begin to explore an entirely new direction which might be of great interest to traders who have more interest in trading spot forex, as opposed to the larger contract Euro Futures, trade on the Merc.

There are a number of considerations which should be carefully evaluated in making this choice. Many of these are covered in greater detail on the two videos. To start with some obvious issues here, the cost of the spread on every entry is significantly higher on the spot forex, compared with the futures. That should motivate the trader to prefer a strategy of trades with longer hold time and larger profit objectives. Another issue is the size of the futures contract, at 1250.00 per 100 ticks, or 12.50 per tick. The spot forex market allows for determination of the size of your entry position. For example, you can choose 10.00 per tick, or 5.00, or even 1 dollar. This is significant for the abundance of traders wanting to “put their toe in the water” or test the market with a very small starting account balance. This flexibility also offers the potential for different money management strategies, available for small account traders, which otherwise would not be feasible. For example a trader with a small account, say at 10,000.oo, could even employ scaling strategies for higher probability of win/loss ratio on trades, which are given more room and held to capture bigger swings.

The videos will show some examples of my initial foray into an actual spot forex account, and some of my trades and conclusions of how to transfer some of the strategies and the applications which I have developed on Ninja Trader in the futures arena.

 

Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

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2 Responses to “Euro Spot Forex Mini Swing Variations:2 New Videos”

  1. tom power said

    john,
    You’ve put it all together dude, Should get your skype and see what u’re looking at.

    • Editor said

      Hi Tom,

      Thank for your expression of appreciation. Yes, I do have skype. Anyone who would like to connect with me can contact me via the contact page, and we can arrange for a skype connection. Or call me at the number given there: 641-472-4606. We could then easily switch to a skype call, if that is what you prefer.

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