|
PureBytes Links
Trading Reference Links
|
Kim,
You are right about the stops. And yes, the DAX is not for the faint
hearted. I would say the DAX is a very special index to trade intraday. It
must be allright when you trade daily bars but intraday is a different
story. Extremely volatile, empty orderbooks, big boys who are too big for
that market squeeze it even more, electronic stops, basket/future spreads
nobody understands except large banks etc.etc.
I traded the DAX intraday but I do not understand it. I know guys who trade
it and make money. With big, large, huge, breathtaking swings. If you like
to travel with 200 mp/h and you love the feeling of loads of adrenaline in
your blood, you are ready to trade the DAX.
If you do not like that you should look at the Eurostoxx 50 index. This
index contains 50 large European companies. Lighter contract, at least
double the volume, an index that has growing interest (pensionfunds,
insurance companies) orders in the book are real and really traded (not
canceled when the market gets there), understandable moves etc.
Whenever this world is ready to trade 25 hours a day (yes, 25....) and you
want to trade European futures look at the Eurostoxx 50.
Ed Kiers
Ed >>
Ed,
You also have the added disadvantage that Eurex does not allow Stop w/Limit
orders to reduce your risk.
I've never traded it but The DAX is not for the faint-hearted is it?
Rgds,
Kim
|