Discussion in 'Index Futures' started by burlap, Nov 16, 2009.
As a beginner which emini should a beginner use first for simmulation then for real. Thanks,Lloyd
The ES is definitely the best to lose some money on when you're just starting out
Thanks,what would you suggest a beginner use?
The NQ isn't too bad. At $5 a tick you can't do to much damage. You signed up years ago so you should know the deal. First you lose, then you B/E, then you make a little money and so on.
This may sound a little strange but consider it. You can open an account with Oanda forex, trade gold and control the pip size. It's been a a tear of a trend so buy on a pullback. Or just trade 1 contract at $10 a tick on Comex/Nymex.
The eminis are harder to trade because they don't trend as well/clean. Why because they are used for hedging and so many programs trade them.
Depending on the strategy employed, that is not necessarily an adverse circumstance.
My <a href="http://www.datatime.eu/public/gbot/2009_11_03_Tue_Wed_Overnight/default.htm" target="_blank">futures autotrading</a> journal
Off topic, I was checking out your website, may I ask what you are using to draw your graphs in your .NET GUI?
Sure. It's plain and simple GDI+
Here is a nice faq on the topic:
My <a href="http://www.datatime.eu/public/gbot/2009_11_16_Mon/default.htm" target="_blank">futures autotrading</a> journal
i scratch my head every time i see a thread like this>
but i also recommend the oanda platform for spot gold. 34 cent spread
straightforward for a noob
Use the 6E as simulator, then trade with the Micro and if you're making money step up to the Mini (E7) and then to the 6E, again.
Thanks for your help- from both of you. I can see starting with the 6E-but gold seems intimidating for someone just starting. Is the euro and /or spot gold better places to start than an emini? Thanks again
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