Futures trading

[superfrank]

I've not traded crude oil before. What sort of Market is it?

'not sure what you mean...

[jimrobo]

as in is it like the e mini and a rotational market or more like the t note and a trend trading market?

Whats the liquidity like?

[superfrank]

you'd have to have a look at the charts and decide that for yourself.

very good liquidity in US trading hours and not bad outside.

many intra-day traders seem to trade oil.

check out this guy's blog...
http://protradered.blogspot.com/

[Euler]

Somebody recommended http://www.velocityfutures.com yesterday to me.

[jimrobo]

thats who I am with

[superfrank]

Somebody recommended http://www.velocityfutures.com yesterday to me.

They were a broker I considered before settling on Mirus.

'also heard good things about Interactive Brokers http://www.interactivebrokers.com/en/main.php.

don't go near Infinity Futures.

[jimrobo]

you get data free though with infinity

[superfrank]

you get data free though with infinity

same with Mirus, not sure about IB. I guess you get lower commissions when you have to pay for data, swings and roundabouts.

[jimrobo]

not for the charting package I use though

[Ferru123]

“Pure market making strategies have no view or opinion on which direction the price 'should' move. Indeed, as we shall show, the most profitable scenario for a market maker is one in which there is virtually no overall directional movement of the stock, but rather a large amount of non-directional volatility.”

From http://www.cis.upenn.edu/~tanmoy/papers/CK11.pdf

Market making sounds like a lot trading the range on Betfair…

Jeff