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Trading E-mini's

Discussion in 'Shares' started by nitro-nige, 11th Jul, 2009.

  1. nitro-nige

    nitro-nige Well-Known Member

    Joined:
    8th Mar, 2007
    Posts:
    49
    Location:
    Reservoir, Melb
    Is anyone here trading e-mini's?
    I have a friend who has just started out with them and am interested to here peoples comments on here.
     
  2. 1300 GET A PLAN

    1300 GET A PLAN Active Member

    Joined:
    2nd Aug, 2008
    Posts:
    37
    Location:
    Gosford, NSW
    How is he going?
     
  3. nitro-nige

    nitro-nige Well-Known Member

    Joined:
    8th Mar, 2007
    Posts:
    49
    Location:
    Reservoir, Melb
    Well he's not on the top 100 richest list. He's working towards becoming a full time trader. For now he works full time and trades early in the morning before work.

    Has anyone on here been down the e-mini track?
     
  4. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    8th Sep, 2007
    Posts:
    1,448
    Location:
    Sydney, NSW
    Hi Nitro Nige,

    Anything with a leverage of up to 70 times (1.43% LVR) scares me...

    It scares me that many people who don't know what they are doing can get involved very easily and get wiped out just as easily, reminds me of going to the casino and putting down some chips.

    If your friend makes money out of it, excellent and good on them for profiting from it.

    Cheers,

    Dan