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I have been looking into the MidAm as possible lower risk way to start
getting my feet wet in terms of trading commodities and futures.
Smaller contracts, lower margin requirements, & longer hours all make it
seem very appealing to a commodities newbie. However, a couple of things
have raised my suspicions:
1) The volume and open interest figures seem rather underwhelming as
compared to some other markets. This appears to result in more gappy,
fly-specked charts which are more difficult for me to follow. Apparently
longer time frames are called for??
2) The price of a seat seems to be steadily declining - from about $15,000 a
little over a year ago to a just over $3,000 now. This raise two questions
in my mind: (a) Since the price of a seat is presumably a function of
demand, why are fewer and fewer people - apparently - interested in trading
at the MidAm? (b) Why do the authorities at MidAm not care that we know, or
possibly even intentionally want us to know, that the price of a seat is
falling?
Any comments or experiences welcome.
Clint
| Just remember: wherever you go, well, there you are. - Buckaroo Bonsai
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