Newbie Thread need some answers please.

Discussion in 'Commodity Futures' started by Fr3ed0x, May 3, 2010.

  1. Fr3ed0x

    Fr3ed0x


    hELLO im not a kid i just want advice from ppl who do that :D but nvm im not offended you say kid im pretty happy.


    From 1 year im trading paper or live with micro lots i blow 2 accounts on forex trading via indicators systems and other stupid commercial things...

    rightnow im trading only with technical analyse so to the question about what futures...


    I would like to trade S&P 500 mini , Corn , Soybean... this who require less money.


    + i think to trade on 1h timeframe wich means . 1 position is opened maybe 1h - 1 week.
     
    #11     May 12, 2010
  2. I'd be curious to know what PERCENTAGE of your account a roundtrip costs you with that balance.

    If you're 4% down just for a roundtrip, I can't see you making money. Anyone would LOVE to consistently make 4% on a trade, and you're loosing that amount before accounting for the price movement in the trade.

    Trade stocks and learn like everyone else. Work hard in school, then get a real job and live below your means. Save more money and you can trade a real portfolio. Then if you choose to risk that money, go for it.
     
    #12     May 12, 2010
  3. Pekelo

    Pekelo

    Just to be correct, it can be.

    The OP (who doesn't sound like a native English speaker) can trade CFDs. (Contracts For Difference)

    Those are good substitutes for index futures and can be traded (for non-American traders, and I don't think the OP is one) with a few bucks down. 1 ES point is only $1, so the leverage is way less than with ES futures, but that is the advantage for a beginner. He isn't going to make big money but he will trade something real, with real emotions. Perfect for practice...

    There is no broker fee either, because the broker makes his money on the spread. One such a broker would be:

    avafx.com

    Again, US traders are not allowed to use them legally...
     
    #13     May 12, 2010