Beginner question - please recommend a market

Discussion in 'Trading' started by ajo123, Jun 6, 2017.

  1. lovethetrade

    lovethetrade Guest

    With $5K I reckon cryptocurrencies or spot fx with no or very little leverage is your best option.
     
    #11     Jun 6, 2017
    ajo123 likes this.
  2. Overnight

    Overnight

    MGC (Micro-Gold). Best one to work with. It has other advantages as well, such as seeing how your broker handles orders in thin markets. Because if they get you fills in THAT one to your satisfaction, then the major markets will be order-fill gravy.
     
    #12     Jun 6, 2017
    ajo123 likes this.
  3. Robert Morse

    Robert Morse Sponsor

    Your broker does not find you depth and liquidity. They just route your order to the market place
     
    #13     Jun 6, 2017
    Overnight likes this.
  4. Overnight

    Overnight

    Acknowledged. I stand corrected.
     
    #14     Jun 6, 2017
  5. ajo123

    ajo123

    Haha I did google it briefly but I didn't make much sense of it and couldn't spend too much time researching it at the time, so thank you for your answer. I will consider what you have recommended.
     
    #15     Jun 6, 2017
  6. algofy

    algofy

    5k is enough for futures if you are disciplined and a good trader. Likely being you are new you are neither unfortunetly. Mind your risk, avoid the emotional trading and big losses. Good luck .
     
    #16     Jun 6, 2017
    java likes this.
  7. What kind of (sim) trading do you want to do? Sitting in front of your computer while the market is open? Or swing trading, where you stay multiple days/weeks in a position? And you don't need to be in front of the computer all the time?
    If you want to trade while the market is open I would advise you to use a market which is in your own time zone. If you, being in Slovakia, decides to go for USA markets you need to be in front of your screen during the evening and night. It would be more convenient if you choose a European market in that case.
     
    #17     Jun 7, 2017
    ajo123 likes this.
  8. ajo123

    ajo123

    Well, I wouldn't mind either to be honest. My work is pretty flexible so I can trade for a couple of hours during the day if need be. What's more important is being able to trade on a budget and make it a learning process.

    As far as sims go, I have downloaded NinjaTrader for futures and have an account on HTMW for stocks, but I will probably switch to TradingView.
     
    #18     Jun 7, 2017
  9. I would suggest that you start off with the stock market in your Slovakia. Stocks are easier and there is home ground advantage.
     
    #19     Jun 7, 2017
  10. ajo123

    ajo123

    Fair enough. I played online poker for a while so I have developed a bit of emotional resilience and some risk management :)
     
    #20     Jun 7, 2017
    algofy likes this.