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Markets for beginners?


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Markets for beginners?

  #1 (permalink)
IsGabes
Austin, TX
 
Posts: 4 since Dec 2014
Thanks Given: 2
Thanks Received: 0

As a beginner is one of these markets generally better for beginners to start learning & trading:

Forex
Stocks
Futures
Options
Other

I am trying to gauge what direction to start my learning in.

Thanks!

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  #3 (permalink)
 
treydog999's Avatar
 treydog999 
seoul, Korea
 
Experience: Intermediate
Platform: Multicharts
Broker: CQG, DTN IQfeed
Trading: YM 6E
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IsGabes View Post
As a beginner is one of these markets generally better for beginners to start learning & trading:

Forex
Stocks
Futures
Options
Other

I am trying to gauge what direction to start my learning in.

Thanks!

Semi Loaded question, due to every market being different and every traders expectations and experience is unique. Honestly if your doing discretionary trading, then I would suggest sticking with instruments with low tick values so Spot Forex, or micro Currency Futures. Of course practice on SIM first in these areas but it is the easiest way to take a few hundred bucks and get a lot of practice out of it, instead of trading larger futures or options where you will need a much larger account just to stay afloat. If your doing algorithmic trading, the availability and cleanliness of historical data is going to be more important. So that kind of nixes out spot forex completely since every broker is posting a different market.

There are also regulatory and structural differences between each instrument for example day trading minimums for stocks, high leverage in options and futures, and the fact that spot forex is OTC and regulation is slim IMHO. not to mention most brokers are going to bucket your orders since your a small fish, not really ever going to interact with the interbank.

Do your homework, and give everything a try on sim to "play around". Then when you start with your initial capital keep it small and play in things where you can survive a long time and learn. This is where the small tick size comes in handy.

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  #4 (permalink)
sledmt
Kalispell montana
 
Posts: 158 since Jan 2015
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Would Micro Futures be a good market to start trading with?

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  #5 (permalink)
 ar3s 
Hamburg; Germany
 
Experience: Intermediate
Platform: TT
Broker: Advantage Futures
Trading: Treasuries
Posts: 23 since Dec 2013
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sledmt View Post
Would Micro Futures be a good market to start trading with?

This should help you:


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  #6 (permalink)
sledmt
Kalispell montana
 
Posts: 158 since Jan 2015
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LUPUS View Post
This should help you:

Thanks for the info. I will take a look at that video.

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  #7 (permalink)
Skeptical
Chicago US
 
Posts: 31 since Jan 2015
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Any suggestions for people trading Asian session?

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  #8 (permalink)
 Itchymoku 
Philadelphia
 
Experience: None
Platform: corded black telephone
Trading: ticker tape
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Skeptical View Post
Any suggestions for people trading Asian session?

That's a tough one, the toughest actually. Even most forex pairs associated with the Asian session are pretty lackluster in that time-frame. Keep your eyes open though, sometimes there are some nice patterns. Still do try forex my man.

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
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  #9 (permalink)
 listu 
Netanya, Israel
 
Experience: None
Platform: TransAct AT
Trading: Futures
Posts: 27 since Oct 2014
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LUPUS View Post
This should help you:


Is part 2 of this available (couldn't find it).
Thanks

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  #10 (permalink)
Skeptical
Chicago US
 
Posts: 31 since Jan 2015
Thanks Given: 5
Thanks Received: 17



Itchymoku View Post
That's a tough one, the toughest actually. Even most forex pairs associated with the Asian session are pretty lackluster in that time-frame. Keep your eyes open though, sometimes there are some nice patterns. Still do try forex my man.

Hi Itcymoku,

Presently looking at Open Trader Course. So many mixed opinions. I most likely won't do it. Plus i hear in the trade room one of the guys Awais is never trading live, just putting zones up and a daily plan to trade from. Huge difference from live trading.

This is what little i know. Most people in the northern hemisphere prefer to trade the ES. This is ok, but means I am trading the night session. So what i am thinking is having a look at indices like the Aus 200, Nikkei etc. So i guess i need to figure out which is most liquid in the Asian session.

Am trying to keep away from spot FX. Mostly due to the fact I am learning Volume Profile etc. Plus the FX market has no central exchange.

Cheers for your reply.

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Last Updated on May 9, 2015


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