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Further to my last post I just thought I'd add the following excerpt from one of several responses I received to one of my queries regarding the pricing of an OTC product:
.... A CFD does broadly replicate the price movement of the underlying asset, however this does not necessarily mean that they will be offered at identical prices at all times. Just as the clarifying statement in the quote you provided explains, this just means that when the underlying price of the GER30 changes, so too will the price of the CFD. If you look at the DAX charts you have found online, and compare it to a line chart created through Marketscope on the Trading Station Platform, you will see that each line generally follows the same movement and trend, however do not always display identical prices. This is because the price set on Marketscope is determined by the supply and demand of your fellow [Name of Company Omitted] traders in regards to this product.
MATE!!! You have no idea what you are trading. You simply do not understand the most basic fundamentals of what is on your screen and where it comes from. I don't know how much more I can say it. CFDs track the underlying futs tick for tick. That is why they call it a synthetic market.
What do you think it is that your MM is doing when they offer you an instrument and the prices change? What are you trading?
I have 2 x 30" and 2 x 24" screens so I have lots of charts and DOMs all over the place. But in practise I'm using the 1 min chart to trade off, 5 & 15 min for support/resistance areas. I don't switch chart periods during the day. If I think I need to be looking at it I'll already have it somewhere on my screens.
Our posts appear to have crossed. Whilst I have great admiration for your capability and experience, I've had discourse with a number of CFD providers whom have readily attested to the contrary.
Ok mate. So tell me you trust the providers to tell you the truth in regards to how they set their prices yet you don't trust the actual prices they give you?
Then further to that I can tell you with 100% certainty without ever asking the guys who I'm competing against that I know where the prices come from. I've beaten them.
Now all that aside. Here is a guy who is claiming to have "cracked the code" telling you to spend just $100 and have a look at it for yourself. But you are preferring to take the word of the people who you are trading against and don't trust. Seriously?
LOL. Ya try to help but ya cannot.
TH where do you recommend getting fut data from?
Unable to open an account with IB as i don't meet the requirements so am with CMC markets.
Do you only trade one instrument at any one time?
BTW love your sig...
LOL. Ya try to help but ya cannot.
Probably the cheapest way is to open an account with http://www.ampclearing.com/
minimum account is $500 bucks and data is what ever the exchange cost are.
Cynic can you tell us how you trade? Seems pretty complex over multiple brokers. I have been trying to figure it out for ages. I even had a look at a computational mathematics book you were reading haha
LOL. Ya try to help but ya cannot.
AMP look good TH have you traded live with them?
Yep.from me.
your a gem TH i can afford to trade a lot of futs with them based on their DT margins... going to open a demo on NT and a few other platforms. also see the MDAX 5EUR a point but i worry about liquidity... will have a look on demo.
many thanks man that find is on par with the saints steal win last sunday!
I presume the book you're talking about is the one by Graham, Knuth and Patashnik. This happens to be my favourite mathematics text.
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