The basics of futures

[zktier]

I have looked around the internet for a good source about the basic logistics of future trading, but with little results. I a few questions and hopefully somebody on this great forum will help me.

I want to trade the euro dollar through the futures market and these are the things I am wondering about:

- If I want to get as close to the spot price as possible what futures contract must I trade?
- What is the ordinary spread I pay when I get filled in the euro dollar contract?
- What other costs surronds the trade?
- What is a good demo plattform to start with to learn the basics?
- can i scalp the future contract, by that I mean be in a trade for only 5 minutes?
- Do anybody know of a good site that go through this kind of basic questions in a tutorial?

Cheers

 

[Martinghoul]

- The front contract (ECM2, currently) . It also happens to be the only one you can realistically trade.
- Mkt on the exchange is normally very tight, so, as an example, 1.2958/1.2959 at the moment.
- Margin, commissions charged by your broker, etc.
- Not sure.
- Why not...
- Not sure.

 

[timsk]

- Do anybody know of a good site that go through this kind of basic questions in a tutorial?

Hi zktier,
Check out the education section on the CME Group website:
Getting Started With Trading
By the time you've worked your way through that lot - you'll know more about futures than most veteran pit traders!

Tim.

 

[zktier]

Thanks for the link to CME looks like solid info.