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Newbie to Futures: Margin relative to account size

  #17 (permalink)

Legendary Market Chamois
Chicago, IL
Trading Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
Blash's Avatar
Posts: 1,990 since Nov 2011
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Dorky View Post
Now is probably not the right time to get into futures as a beginner.

Unless you're already experienced with proven trading systems in place to aid you, in my opinion the current futures market condition is extremely erratic with very wild swings every day, both during regular hours and non-regular hours (when US market closes) as you can see from the real-time charts of the ES market yourself. And illiquid too.

I am not sure if you know this but the market is currently dominated by HFT manipulators with frontrunning, spoofing, wash trading, etc and that's well documented. Even the CME was sued for knowingly allowing HFT manipulators to do countless wash trades every moment of the day, which was found to be around 50% of all trades done, if I remember correctly. That means 50% of transactions you see in the futures market is fake.

I great futures market to dip your toe into and get started in is E-micro Euro M6E. At $1.25/tick and a centralized exchange as a CME product with no broker games to worry about. One can be wrong, just as an example only I'm not advocating this, on the entire RTH range and it's only going to costs ~$150 on a 1 lot. YM is also a good one but definitely can be more unforgiving. My wife calls it "YoungMan"

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Last edited by Blash; August 21st, 2015 at 12:25 AM. Reason: correct grammer
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