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Markets for beginners?
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Markets for beginners?

  #1 (permalink)
Trading Apprentice
Austin, TX
 
Futures Experience: Beginner
Platform: Undecided
Favorite Futures: Forex
 
Posts: 4 since Dec 2014
Thanks: 2 given, 0 received

Markets for beginners?

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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  #2 (permalink)
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  #3 (permalink)
Elite Member
seoul, Korea
 
Futures Experience: Intermediate
Platform: Multicharts
Broker/Data: CQG, DTN IQfeed
Favorite Futures: YM 6E
 
treydog999's Avatar
 
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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)
Trading for Fun
Kalispell montana
 
Futures Experience: Beginner
Platform: ninjatrader
Favorite Futures: es
 
Posts: 158 since Jan 2015
Thanks: 157 given, 23 received

Would Micro Futures be a good market to start trading with?

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  #5 (permalink)
Elite Member
Hamburg; Germany
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: Futures
 
Posts: 22 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)
Trading for Fun
Kalispell montana
 
Futures Experience: Beginner
Platform: ninjatrader
Favorite Futures: es
 
Posts: 158 since Jan 2015
Thanks: 157 given, 23 received


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)
Trading Apprentice
Chicago US
 
Futures Experience: Advanced
Platform: Ninjatrader, Tradestation
Favorite Futures: NQ, CL, GC, ZN
 
Posts: 31 since Jan 2015
Thanks: 5 given, 15 received

Any suggestions for people trading Asian session?

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  #8 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Itchymoku's Avatar
 
Posts: 2,892 since Apr 2012
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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.

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  #9 (permalink)
Elite Member
Netanya, Israel
 
Futures Experience: None
Platform: TransAct AT
Favorite Futures: Futures
 
Posts: 27 since Oct 2014
Thanks: 5 given, 7 received


LUPUS View Post
This should help you:


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

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  #10 (permalink)
Trading Apprentice
Chicago US
 
Futures Experience: Advanced
Platform: Ninjatrader, Tradestation
Favorite Futures: NQ, CL, GC, ZN
 
Posts: 31 since Jan 2015
Thanks: 5 given, 15 received



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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