Q: My brokerage can do spreads and straddles but I don’t see where they can do butterflies… is that a problem? Can I still set them up manually?
A: You won’t need to access margin for the option trades but you will use what’s called maintenance requirements, which can be done in any qualified retirement account or cash account. Unless you’re trading the E-mini futures or currencies with the indicators, as those do require margin.
Q: I am new to your indicators. I have a couple of questions. When you put orders on using the E-mini, what is the symbol that you use? Also, when you place a long or short, are you buying the shares or are you buying options?
A: We use the ES (The S&P contract). An E-Mini is an electronically traded futures contract (not an option) on the Chicago Mercantile Exchange that represents a portion of the normal futures contracts.
Q: I am very interested in joining the Swing The Ax indicators. I have mainly trade Forex and ask if the system and indicators are workable on spot Forex market EUR/USD?
A: The spot rate in Forex currency trading is the rate that most traders use when trading with an online retail Forex broker – so yes.