I was seriously considering trading futures rather than forex for a while, but was not sure if I am cut out for that market..
I wanted to trade a longer term system, with a trend following strategy, and diversifying funds across three non-correlating markets..
Here is my problem.. I only have about 7 or 8 thousand to invest, so the question is, with only trading one contract am I still undercapitalized? What is a recommended account min?
Also, I am unaware of some of the unique characteristics of the futures market. I have been studying the major differences between futures and forex, but Im sure there are many minute variations that will end up screwing me.. If anyone knows a way I can learn the basics of the futures market I would appreciate any help.
Thank you!
Dave
I wanted to trade a longer term system, with a trend following strategy, and diversifying funds across three non-correlating markets..
Here is my problem.. I only have about 7 or 8 thousand to invest, so the question is, with only trading one contract am I still undercapitalized? What is a recommended account min?
Also, I am unaware of some of the unique characteristics of the futures market. I have been studying the major differences between futures and forex, but Im sure there are many minute variations that will end up screwing me.. If anyone knows a way I can learn the basics of the futures market I would appreciate any help.
Thank you!
Dave