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DionysusToast

DionysusToast

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Right....

She says she wants to have a dabble with trading & I have no objections with the exception of letting her near $12.50 a tick.

She'll probably get a kick out of Gold and will need to look at a few markets to prevent boredom. I was thinking the ES, 6E, DAX would be good to start.

So - I thought of CFD accounts but on the ES, the minimum from most is $1 per 'tick' but they count 1 ES point as 10 ticks. So 1 ES point goes from $50 down to $10 which is more than I want her risking initially as I want her to be able to scale out.

Trading will be short-ish term but not scalping. Is spread betting the only option here or is there a CFD broker that has lower increments ?

Charts/DOM/T&S wont be needed as she'll be trading when I'm not and so I can set her up with Ninja on global simulation and let her onto one of my accounts.

Any thoughts ?

Cheers

DT
 
How about trying something that hardly moves, like front end fixed income?

Or commodity spreads?

Otherwise I think your best bet is a forex microlot account...
 
Trouble is AN - I've never traded those myself and so I'd not be able to give her any pointers.

Also - no depth on Forex, unless you watched 6E depth/trades and traded the forex.
 
I'd be immensely skeptical that DOM on 6E would be any use anyway, to a human at least... MAYBE the flow could be.

From what I understand about your techniques you would be able to adapt them pretty easily to the short end; fixed income has a slightly different "flavour" to indecies but once you pick it up can stick with it, and obviously most of the time it's pretty much the same macro drivers.
 
I'll have a look.

In terms how I use the DOM - it's not a scalping thing. I find the DOM useful in terms of seeing if they pull or stay firm as it comes to an area of interest. It's also nice to see a level in advance and how much it changes as it gets closer to inside.

If you saw lots of orders flowing through on Time & Sales at a price and the price not moving, then you know someone's absorbing it - but I find it a lot easier to see that with the DOM.
 
DT,
This is probably totally left field and way outside anyone's box, but, have you considered asking her what she'd like to trade?
:cheesy:
Tim.
 
Get her to invest in Iraqi shares!

She can be a pioneer. Today, and I quote...

The Iraq Stock Exchange held the third session of the month today. 41 companies were able to trade in this session, and 27 companies were unable to do so mainly due to their General
Assembly Meeting or ISX / ISC Instructions. The number of traded shares was 1.4bln and the trading volume was ID2.0bln ($1.7mn).
Foreigners executed 30 buying transactions in 13 companies operating in banking, insurance, services, hotel&tourism and agriculture sectors, while their purchases amounted at
ID217mn ($189ths) and their share in total trading volume was 5.5%. According to trading volumes, the first three companies that were bought by foreigners were United Bank (BUND),
Ishtar Hotels (HISH) and Babylon Bank (BBAY).
Click to expand...

This is pretty typical :LOL:
 
the Eurex Schatz contract is quite a good one to start with... $5 EUR tick, a relatively tight daily range, but there's still enough to take a few ticks out of it....
 
DionysusToast said:
Right....

She says she wants to have a dabble with trading & I have no objections with the exception of letting her near $12.50 a tick.

She'll probably get a kick out of Gold and will need to look at a few markets to prevent boredom. I was thinking the ES, 6E, DAX would be good to start.

So - I thought of CFD accounts but on the ES, the minimum from most is $1 per 'tick' but they count 1 ES point as 10 ticks. So 1 ES point goes from $50 down to $10 which is more than I want her risking initially as I want her to be able to scale out.

Trading will be short-ish term but not scalping. Is spread betting the only option here or is there a CFD broker that has lower increments ?

Charts/DOM/T&S wont be needed as she'll be trading when I'm not and so I can set her up with Ninja on global simulation and let her onto one of my accounts.

Any thoughts ?

Cheers

DT
Click to expand...

oooooh :whistling be careful, toastie.

My "active investor" lady outdoes me six years out of ten :(

jon
 
Standard advice for beginners is to trade on demo for 3 months - why not suggest this, she'll probably get bored/frustrated?

(Yikes - wife trading - this has to be equivalent to wife wanting to play golf - run away !!!)
 
DionysusToast said:
Right....

She says she wants to have a dabble with trading & I have no objections with the exception of letting her near $12.50 a tick.

She'll probably get a kick out of Gold and will need to look at a few markets to prevent boredom. I was thinking the ES, 6E, DAX would be good to start.

So - I thought of CFD accounts but on the ES, the minimum from most is $1 per 'tick' but they count 1 ES point as 10 ticks. So 1 ES point goes from $50 down to $10 which is more than I want her risking initially as I want her to be able to scale out.

Trading will be short-ish term but not scalping. Is spread betting the only option here or is there a CFD broker that has lower increments ?



Charts/DOM/T&S wont be needed as she'll be trading when I'm not and so I can set her up with Ninja on global simulation and let her onto one of my accounts.

Any thoughts ?

Cheers

DT
Click to expand...

Now you are going to cop it, mate.

First thoughts are that it could not have happened to a better person. :)
 
try looking at fxpro.com. They are mainly forex but you can trade minilots of ES and some CFD's. Commission may be a bit high but worth taking a look.

Peter
 
meanreversion said:
Standard advice for beginners is to trade on demo for 3 months - why not suggest this, she'll probably get bored/frustrated?

(Yikes - wife trading - this has to be equivalent to wife wanting to play golf - run away !!!)
Click to expand...

I would rather have her trading $1/point than SIM trading, personally.
 
DionysusToast said:
Right....

She says she wants to have a dabble with trading & I have no objections with the exception of letting her near $12.50 a tick.

She'll probably get a kick out of Gold and will need to look at a few markets to prevent boredom. I was thinking the ES, 6E, DAX would be good to start.

So - I thought of CFD accounts but on the ES, the minimum from most is $1 per 'tick' but they count 1 ES point as 10 ticks. So 1 ES point goes from $50 down to $10 which is more than I want her risking initially as I want her to be able to scale out.

Trading will be short-ish term but not scalping. Is spread betting the only option here or is there a CFD broker that has lower increments ?

Charts/DOM/T&S wont be needed as she'll be trading when I'm not and so I can set her up with Ninja on global simulation and let her onto one of my accounts.

Any thoughts ?

Cheers

DT
Click to expand...
Swedish exchange. Cost 20 krona per point and moves only like 6 to 12 a day. 20 krona is almost $3. You cant lose too much and gives her the oppertunity to work with more than 1 contract as too built a real system.
 
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