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08 Sep 2010

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	60MT - WHAT MARKETS DO YOU TRADE?

Solution 60MinuteTrader is specifically for trading the Dow futures contract symbol (YM) or spread betting on the daily Dow (Wall street cash).

There are reasons why it is so specific, the Dow is popular so the market has great liquidity, the spread between the buying and selling price is less than the S&P which makes it more profitable.

There are tax advantages trading futures over shares and you only need $2,500 to open a futures trading account compared to $25,000 for trading shares. Futures have a greater leverage and so your money works harder and makes you more money.

It should work on the 30 stocks that constitute the Dow index but will make less money trading these.

I have been told that it also works on the DAX but have not tested this.

I have not tested it on commodities because the data is somewhat difficult to come by.

Futures traders in the pits at Chicargo do not trade the Dow one day, gold the next, wheat the day after. They specialise and get to know one market inside out, this is what we are doing with 60MT.

Generally I would say no it is not for shares or commodities as this would be changing the system, it is not for the forex market as this does not have an open because it trades 24hrs.

It will work on all of the above to some extent but it is more profitable on the Dow futures.

60MinuteTrader works best on the mini-Dow contract (YM), I know of several people who have said that they also use it on the Dax but I do not have any data or actual results for this.

http://www.60minutetrader.com/order.html

We are developing a system for forex, brief details can be seen here:

http://www.60minutetrader.com/newsarchive/news120505.html

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07 Nov 2005 08:56 PM