Easy Futures Market for Beginners | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

fundamental analysis for beginners 12 replies

Beginners have faith! fast progress is possible 48 replies

Information For Beginners 265 replies

Beginners unite! 8 replies

Books for Beginners 7 replies

Easy Futures Market for Beginners

  • #1
  • First Post: Jun 30, 2009 8:56pm Jun 30, 2009 8:56pm
Hi,

I would like to get some opinions on what would be an easy market, maybe easy is not the word, but a managable market for someone who is relatively new to futures to day-trade.

Some considerations would be a market that trends well without frequent whipsaws or sudden range expansions. A market with sufficient liquidity for the purpose of day-trading (no major problems with fills or slippages).

In addition, low margin requirements would also be a plus although not imperative.

Any opinions would be appreciated.

Thanks
  • #2
  • Jun 30, 2009 9:02pm Jun 30, 2009 9:02pm
Quoting pambeesley
Hi,

I would like to get some opinions on what would be an easy market, maybe easy is not the word, but a managable market for someone who is relatively new to futures to day-trade.

Some considerations would be a market that trends well without frequent whipsaws or sudden range expansions. A market with sufficient liquidity for the purpose of day-trading (no major problems with fills or slippages).

In addition, low margin requirements would also be a plus although not imperative.

Any opinions would be appreciated.

Thanks
Go for soybeans futures. It trends in one direction at least 3 to 4 months. Sometimes, if you are lucky, it continues for 1 year.
  • #3
  • Jun 30, 2009 9:28pm Jun 30, 2009 9:28pm
Quoting epilogue
Go for soybeans futures. It trends in one direction at least 3 to 4 months. Sometimes, if you are lucky, it continues for 1 year.
Any discernable differences between Soy, wheat and corn markets?

I have heard that soy is the most volatile out of the three.
  • #4
  • Jun 30, 2009 9:31pm Jun 30, 2009 9:31pm
Quoting pambeesley
Any discernable differences between Soy, wheat and corn markets?

I have heard that soy is the most volatile out of the three.
Volatility is any problem? Soy and wheat move side by side, same direction, coffee as well. I don't know about corn market.
  • #5
  • Jun 30, 2009 9:32pm Jun 30, 2009 9:32pm
I've recommended to many people to do S&P eminis instead of forex.

Margin is more than FX,but you are on an actual exchange instead of being at the mercy of a brokerage.

And commodities like others say are good too.

Research.
The harder I work,the luckier I get.
  • #6
  • Jul 1, 2009 7:51am Jul 1, 2009 7:51am
Quoting Skippy
I've recommended to many people to do S&P eminis instead of forex.

Margin is more than FX,but you are on an actual exchange instead of being at the mercy of a brokerage.

And commodities like others say are good too.

Research.
skippy what are the margin requirements like for eminis i never traded them but heard a lot of people do.
  • #7
  • Edited 8:16am Jul 1, 2009 8:05am | Edited 8:16am
margin req is 100:1, roll over interest annualized is 3%.

spread is typically 0.8-1 for 920$ position now, you can see it's expensive and it's not really good to learn day trading there.

1pip spread E/U & 10$ oanda acc is best to learn trend for beginners I think.

you can trade 5M scalping with 10x leverage till blow up 3 times... will learn a lot in that process.

if a beginner blow up 10$ acc with oanda every month, after 1 year he's already very experience. ha.

biggest problem for futures is min position to trade is 1000$ for sp500 or gold at 0.1% spread,
most other futures need 4000$ or 40000$ position (0.1lot/1lot). there is no live micro acc so it's not good to learn.

futures at my home market allow 3k$ position or so /at 3 pip commission...
it's safer to trade there though...which is probably where I will start but problem is they operate 10am-15pm when I have no time to look at market.

Quoting fugly
skippy what are the margin requirements like for eminis i never traded them but heard a lot of people do.
  • #8
  • Jul 2, 2009 1:18pm Jul 2, 2009 1:18pm
There's numerous types of eminis,I prefer S&P 500 and often NASDAQ 100.

Google is your friend.

You also get volume on the eminis,but you don't have be crazy like me and trade 20 to 30 lots.
The harder I work,the luckier I get.
  • #9
  • Jul 3, 2009 7:41am Jul 3, 2009 7:41am
Quoting Skippy
There's numerous types of eminis,I prefer S&P 500 and often NASDAQ 100.

Google is your friend.

You also get volume on the eminis,but you don't have be crazy like me and trade 20 to 30 lots.
thanks for the reply, could you also mention which broker you use for this.


Pambeesley if you're going to trade grains or agricultural commodities check out seasonalfuturescharts.com it got some great free info and I know some guys over at trade2win who use it to help time entries and claim to be very profitable.
  • #10
  • Jul 3, 2009 7:42am Jul 3, 2009 7:42am
Quoting billye
margin req is 100:1, roll over interest annualized is 3%.

spread is typically 0.8-1 for 920$ position now, you can see it's expensive and it's not really good to learn day trading there.

1pip spread E/U & 10$ oanda acc is best to learn trend for beginners I think.

you can trade 5M scalping with 10x leverage till blow up 3 times... will learn a lot in that process.

if a beginner blow up 10$ acc with oanda every month, after 1 year he's already very experience. ha.

biggest problem for futures is min position to trade is 1000$ for sp500...
thanks billye
  • #11
  • Last Post: Jul 3, 2009 1:42pm Jul 3, 2009 1:42pm
Sorry, no specific broker advice from me.

Theres many out there.
The harder I work,the luckier I get.
0 traders viewing now