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Better to trader forex or futures with small account?
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Better to trader forex or futures with small account?

  #11 (permalink)
Trading for Fun
Kalispell montana
 
Futures Experience: Beginner
Platform: ninjatrader
Favorite Futures: es
 
Posts: 158 since Jan 2015
Thanks: 157 given, 23 received


empty View Post
Can you clarify what you're asking? When you're trading a futures contract such as 6E that is the future contract on the EUR/USD spot.

As I understand spread trading futures is: A person finds two futures that are highly correlated. Two different month contracts for the same future. March 15 vs May 15 corn could be example. A person would look at going short on the March 15 corn and going long on the May 15 corn for example. Some person have mentioned doing the same with e-mini SP500 vs e-mini DOW too. From what I was seeing, this would reduce the amount of risk when entering the trade.

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  #12 (permalink)
Trading Apprentice
Canada
 
Futures Experience: Beginner
Platform: MetaTrader4
Favorite Futures: Forex, gold
 
Posts: 5 since Jan 2015
Thanks: 0 given, 1 received


trader343 View Post
I am trying to decide if I should focus in on forex or mini futures with a small account size of $2000. I was thinking mini forex as i have studied it intensely for quite some time but would like some feed back as to if maybe sugar 11, grains, or another mini future may be better. Thanks

Why not start with a $2000 sim account with both Forex and Mini futures and trade as you would with real capital? Then you can see how well you understand the market and are able to manage risk. IMO

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  #13 (permalink)
Trading for Fun
Kalispell montana
 
Futures Experience: Beginner
Platform: ninjatrader
Favorite Futures: es
 
Posts: 158 since Jan 2015
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dudex View Post
Why not start with a $2000 sim account with both Forex and Mini futures and trade as you would with real capital? Then you can see how well you understand the market and are able to manage risk. IMO

curious, is it possible to trade with fake money and believe that it is real. As an example, I have a friend that has a game console with a snowmobiling game. That snowmobile game has awesome graphics, but this game is no match for real riding. Probably not the best example, but the point is there are clear differences between the real and the sim. At the end of the day, the question needs to be asked, how much of a concern are these differences.

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  #14 (permalink)
Trading Apprentice
Malang, Indonesia
 
Futures Experience: Intermediate
Platform: metatrader
Favorite Futures: EURUSD, GPUSD, Gold
 
sensei's Avatar
 
Posts: 11 since Dec 2014
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sledmt View Post
curious, is it possible to trade with fake money and believe that it is real. As an example, I have a friend that has a game console with a snowmobiling game. That snowmobile game has awesome graphics, but this game is no match for real riding. Probably not the best example, but the point is there are clear differences between the real and the sim. At the end of the day, the question needs to be asked, how much of a concern are these differences.

how about attending some demo contest competition ? trade fake money for real prize . simply similar of any game console, well you know each game are become serious when it comes compete with others. at this state there's no clear difference either fake or not.

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  #15 (permalink)
Trading Apprentice
Havre, Montana/USSA
 
Futures Experience: Intermediate
Platform: Ninja
Favorite Futures: money
 
Posts: 21 since Feb 2015
Thanks: 8 given, 5 received


sledmt View Post
curious, is it possible to trade with fake money and believe that it is real. As an example, I have a friend that has a game console with a snowmobiling game. That snowmobile game has awesome graphics, but this game is no match for real riding. Probably not the best example, but the point is there are clear differences between the real and the sim. At the end of the day, the question needs to be asked, how much of a concern are these differences.

Well, if you print the money...isn't real money the same as fake money?

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  #16 (permalink)
Trading Apprentice
Havre, Montana/USSA
 
Futures Experience: Intermediate
Platform: Ninja
Favorite Futures: money
 
Posts: 21 since Feb 2015
Thanks: 8 given, 5 received


sensei View Post
how about attending some demo contest competition ? trade fake money for real prize . simply similar of any game console, well you know each game are become serious when it comes compete with others. at this state there's no clear difference either fake or not.

Where do you find these contests at?

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  #17 (permalink)
Trading for Fun
Kalispell montana
 
Futures Experience: Beginner
Platform: ninjatrader
Favorite Futures: es
 
Posts: 158 since Jan 2015
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Born2Slow View Post
Where do you find these contests at?

Never heard of anything like this. Would be interesting to see the details on this.

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  #18 (permalink)
Trading Apprentice
miami/usa
 
Futures Experience: Intermediate
Platform: Thinkorswim
Broker/Data: Thinkorswim
Favorite Futures: Options 99% of trades, Forex, Futures, Gambling Nadex 1% :)
 
Posts: 14 since Jul 2014
Thanks: 2 given, 8 received

bump.. would like to know where you can do these contest

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  #19 (permalink)
Trading Apprentice
Amsterdam
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: EURUSD
 
Posts: 9 since Mar 2015
Thanks: 2 given, 1 received

I would recommend getting a sim account at FXPro because they don't cancel your account. You can practice for weeks, months, until you are consistently profitable.

Additionally, I would get a small account with risk money that you can afford to lose. But something that still hurts enough to prevent you from doing crazy stuff.

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  #20 (permalink)
Trading Apprentice
Bangkok, Thailand
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 3 since Apr 2015
Thanks: 1 given, 0 received

Series 3 here...........



haonkered View Post
Can't confirm for sure but I imagine most futures accounts will require 5k starting capital. With Forex surely much less is required.

Simply not true.........

FOREK attracts small fish.... and little regulation there....

CME.... I know firms that will take $1000 and you can trade...........

KSA (knows) guy

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