Since the birth of the Emini futures... S&P 500 Emini ES futures is the most marketed/advertised trading instrument by data vendors, chart vendors and signal calling vendors. In addition, its one of the most heavily discussed trading instrument and journal trading instrument at forums not exclusive to forex. Yet, I have seen a shift since the 2008 financial fiasco towards Crude Oil CL futures. Also, the S&P 500 Emini ES futures is a low margin trading instrument with excellent liquidity during slow trading periods in comparison to the other Emini futures trading instrument...an issue of concern for foreign traders that tend to be active in trading Emini ES futures in the overnight trading session while North America is asleep. Just as important, the S&P 500 Index is now seen as the "benchmark index" of all the indices along with the fact its the most "top mentioned" or "most trending discussed" trading instrument on social media. Therefore, newbie traders naturally navigate towards Emini ES futures like a kid in a candy store instead of sitting down and testing their trade strategy on all available trading instruments so that their trade strategy determines which trading instrument is more suitable to trade.
Emini day trading fantasies - the noobie thinks he has to trade this because at some point in the future he will of course be trading thousands of contracts and so he NEEDS the liquidity
Nasdaq 100 or Russell 2000 eminis for any individual futures trader are my suggestions. ES is the toughest and CL is a different league of frustrations for anyone but experienced veteran traders What the CL was from 2008 - 2011 to what it is today are two completely different, totally unrelated trading instruments.
This is sort of off-topic, but I just happened to run across it and thought some might find it interesting: Whatâs the Easiest E-mini to Trade?
I don't know, db, sounds an awful lot like he's describing that Big Foot unicorn fairy tail setup we keep hearing about from the charlatans here: "A lift from there broke through R1 (thin green line) and pulled back in methodical fashion before lifting to R2."
You have 2 options. 1) If you believe you will not be affected emotionally by taking a loss in real money, then open an account with the $ 25,000 and start trading. 2) Open an account with $ 5,000. Assume for the cost of your education, you will blow out this account while learning how to trade. Keep a record of your trades and write down thoughts about your wins and losses to see if there was any pattern that caused the loss or win. 3) If you blow out the account, open another for $ 5,000. Then look to have at least a month of profitability. If you have a profitable month, then add more money to this account to get it up to the size where you are happy with.
Dude... you just ran across an article from May 2008... as in six years ago now? You definitely need to get out more! <lol>