Among the US indices I see most people prefer to trade NQ or SP500 rather than the Dow. Is there any reason why NQ and SP500 are preferred over the Dow?
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DislikedI currently trade NQ and YM on CFD since risking $5 a point is too much for me. I will eventually move to the futures market once I feel comfortable with the risk.Ignored
Disliked... I chose NQ and YM. The only down side to them is that they are very correlated. Because of that, is it better to just stick to 1 of the 2 for day trading? I know this question is very person dependent but I would like to hear some opinions. Also in general how do you trade closely correlated instruments? Is it usually better to avoid them because you may get bias from one instrument and that will influence your decision making on the other? Or maybe you can use the correlation to find out which one is likely to produce a better movement.Ignored
DislikedI am in the US but I use offshore broker for CFD. Can you tell me which US futures broker allows such low margins and how much is a tick worth?Ignored
DislikedI found brokers with low day trading margins but that isn't actually the problem. My problem is the value per tick. A futures contract is $5 a tick on the NQ. I'm looking for $1 a tick and less which would be 1/5 or less of a contract. Is that even possible?Ignored