Friday, May 6, 2011

Post-NFP with futures

The amazing thing with this is that I was able to enter a trade a few seconds only after NFP announcement, as the spread was already at 1 pip and that was quite impossible on the spot market, where a large spread is present for a minute at least after announcement.

10 comments:

Anonymous said...

Hello mr. Bird. If it is not a secret, with which broker do you trade? Thank you
Scorpio

The forexbird said...

Interactive Brokers -).

Anonymous said...

Hi from Vancouver,
do you mind to share a bit about you PC/office set-up?
Thanks for great info on your blog and looking forward to read about your trading results after switch from spot forex to futures.
Best wishes,
P.

kermut said...

Hi Forex Bird,

Just a quick question about the charting. Are you using IB feed for the charting of the futures contract as well?

Regards,
K.

The forexbird said...

kermut,

ib feed always.

kermut said...

Thanks buddy. Have always been interested in futures, but been put off by the claims that the leverage is way less, and that you can actually trade more size on 1 click in fx than futures etc.

Shall have to subscribe to the live feed for 1mth to see how it pans out.

Cheers.

The forexbird said...

kermut,

trading futures after several years on spot, is like exchanging your old Ford for a Jaguar.. I will try to describe more in detail soon..

The forexbird said...

kermut,

your last post was not deleted by me, the blogspot mess deleted many!

kermut said...

No probs buddy. I might have a look into the futures chart this week. Might just have to grin and wear the exchange charges. Not sure if they get charged per month or per trade...

Philander said...

Trading during news can be quite tricky, so we need to make sure we keep up with the market and trade with proper plans in order to gain from, if we don’t do that then we will just add up the risk factor. I never worry much at all with broker of OctaFX’s caliber at the corner, as they are truly special with monstrous rebate scheme where I get 50% back on all trades which is even with the losing one too, so I like it ever so much.