If you were a Painter and had thirty years of expereince and very skilled at painting, you could take any job and know exactly what the costs were, if there was any blemishes know how to quickly correct them and do overall job very very well and in quickest time. If you were one who been painting couple years and took on job that had bumps and other blemishes, uneven walls, off window sills, very old walls with backing of old plaster(old plaster that is very dry will suck into it lots of paint, simialr to old concrete one is trying to paint as concrete is porous). This painter will see all kinds of trouble and not having the experience of some of these problems, will think he under bid the job and spend 2 or 3 times longer than the 30 year vet. Day trading same way. IMHO, beginning traders should do Emini Nasdaq cause ticks low at $5 and $20 a point and if you make a mistake getting in, often times one can make one tick profit. Mini Dow is $5 a tick, but not as forgiving(except at lunch time as most are chopping around) as it doesn't come back as much, it is like a slow Mini Russell, which I have to risk double than ES/NQ BUT profit potential is far greater in Russell. ES is best for experienced traders as often goes into chop and has fewer trend moves but it will accept size, and again these are my viewpoints. Crude Oil is great but if you lack experience you will lose it faster than most anything, slippage can be hellish when you entry at wrong times. Gold trades similar to Crude Oil. Now if you go for larger timeframes like 60 mnutes, just about anything is good except I never cared much for Beans and Silver. Of course I am an over the hill scalper rocking on back porch drinkng down my Gerital and feeding Squirrels my nuts, "Martha, Martha, can I have the mini marshmallows for my hot cocoa? Is it Monday morning yet?
Lol this is funny. What kind of cost per round turn do you need for day trading? 6$ is too much right?
In the US, here are the most liquid futures products on the CME: http://www.cmegroup.com/education/files/cme-group-leading-products-2014-q1.pdf You can also day-trade the Forex market, plenty of liquidity and enough daily price action to keep you busy all day and night...
Don't let anyone tell you which is good or bad for you. Instead, test your trade strategy on them all and then let your trade strategy determine which you should be trading based upon the results you got from your backtesting & simulator.
True, but for day-trading purposes you still need two things: 1: Liquidity and... 2: A wide enough average daily range, Otherwise you are just wasting your time and money.