What are some of the benefits/drawbacks of trading one vs. the other? I understand that futures are easier (because you only have to learn how a couple of things move, but every stock is different), but that stocks can make bigger moves (both up and down, of course). What other differences are there? Also, what are the tax consequences of futures vs. stocks, and is there any way to be taxed less on stocks? (I know that you can deduct 'business expenses' if you are a full-time trader. How do you show this to the IRS? Are there other ways to reduce the 30% cap gains tax? What's the tax rate on futures?) Sorry to be lumping the tax questions in the trading section, but this all part of one question... Thanks for your help, all!