The DAX is really is better suited for European traders. I live in NYC so in order to monitor activity or daytrade, I would have to stay up from 3AM EST which is start of premarket until 4AM, actual start, then monitor activity anytime to the close at around 12PM EST. Not conducive to a regular lifestyle.
In addition, it's an expensive contract, one tick = 12.5 EUR (16.65 USD).
If you trade US hours, typically the volatility for the futures contracts range from
ES = slowest (tick = 12.5 USD)
YM = fast (tick = 5 USD)
NQ = faster (tick = 5 USD)
TF = fastest (tick = 10 USD)
I prefer the TF (Russell 2k futures) but for newer traders, the YM may be a better alternative/medium since it's not as spikey as the TF but won't make you fall asleep like the ES.
Now if you want to live on the wild side, try trading CL ....
http://www.elitetrader.com/et/index.php?threads/i-want-to-trade-fdax.257505/
In addition, it's an expensive contract, one tick = 12.5 EUR (16.65 USD).
If you trade US hours, typically the volatility for the futures contracts range from
ES = slowest (tick = 12.5 USD)
YM = fast (tick = 5 USD)
NQ = faster (tick = 5 USD)
TF = fastest (tick = 10 USD)
I prefer the TF (Russell 2k futures) but for newer traders, the YM may be a better alternative/medium since it's not as spikey as the TF but won't make you fall asleep like the ES.
Now if you want to live on the wild side, try trading CL ....
http://www.elitetrader.com/et/index.php?threads/i-want-to-trade-fdax.257505/
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