Good morning , I was wondering if someone could help me please, in finding the equivalent number of contracts I would need to trade for the forementioned products ( FTSE , DAX, NKD and China 50 ) , via each ones BullCall spread ?
I know that in order to mimic the ES , I would trade 5 Nadex spreads To mimic SI , I would trade 50 Nadex spreads
But on the FTSE , DAX, NKD
it says to use an ATM spread to mimic each of these
How exactally would this work ? Does this just mean to trade say the DAX Long , that we would buy the spread that has the Bid … as close to where the market is trading at , at that given time ?
And for the China 50 , I did not see any spreads for it … so can you only trade Binaries on the China 50 ? No spreads ?
Thanks so much for the time and the help, I really appreciate it - Michael