Anything BUT the ES. too many robots tradings and causing choppy/sideway movement. The NQ, TF or YM would be better. There are articles that show that the TF has less whipsaw (even while on a trend) and thus less chance of getting knocked out of a trade.
Nothing is easy. There are times to avoid, usually from 10 to 12 Central Time (lunch time) unless you like to watch paint dry. The markets usually go sideways then before resuming or reversing. If the trend is strong it may just continue moving during this time.
Soybean Oil, Copper and Crude Oil (WTI) are viable options also. Treasuries may also work as they have very large volumes.
Become familiar with "the opening range" sometimes it works like a charm, sometimes it doesn't.
I don't trade currencies but the 6E is popular and may fit for those rising early.
The following 2 users say Thank You to raulchu for this post:
I probably would recommend TF first but you can try YM or NQ to get your feet wet as well because they are less money.
I myself, would recommend you stay far away from CL ....it will chop you up fast, not a place for beginners
The following 3 users say Thank You to kbit for this post:
Another vote here for YM and NQ. Small tick value is nice psychologically when you're just getting started. Depending on your system parameters and account size, you may be able to trade two contracts instead of just one, which can be an advantage as it allows scaling in and scaling out. Try it out in sim, if you haven't already, and see how it works for you.
Stay away from gold and especially from silver. Volatile, thin markets prone to sudden horrifying moves!
for a beginner I wouldn't suggest futures at all, rather the forex market with one of the many MT4 Broker. There are so much possibilities to check what you want, develop your strategy, means not necessarily coding. In case of futures instead of ES and CL the futures on equity indexes as suggested by the previous posts here.
ES is a great place to start if you want to hate trading. I've found the only times I got complaints from my neighbors is when I traded the ES. Apparently they objected to my constant and loud use of "colorful metaphors"
It's been said before but I think spot FX is the way to get into this disease.
If you must trade futures I honestly suggest soy to anyone and everyone for the following reasons:
It can move fast and if you want to trade futures best to get used to it from day one
The queues aren't so deep that you get angry when you don't get filled
the pit hours are short so you're forced to stop and think about your trading before you devolve into a drooling mess mumbling "just one more. . ."
The following 2 users say Thank You to Inversehelix for this post: