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Best contracts to trade with small account?
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Best contracts to trade with small account?

  #11 (permalink)
Elite Member
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mangolassi View Post
The problem with instruments like the M6E is lack of liquidity and very high commission relative to the full size contracts, so you might be better off trading something like the Nikkei 225 Mini on the Osaka Securities Exchange. It is the most heavily traded Asian futures contract. The liquidity rivals the ES some days. I remember a day not too long ago when the first 5 minutes traded over 550K contracts.

The margin requirements are low if you trade through Interactive Brokers, and the tick value is just 500 yen (around $4). Commission per contract is 40 yen each way. You can continually increase your position size as you get better, and the N225M can handle huge volume so it will be difficult for you to outgrow this thing. It also moves like the ES, since it is a stock index futures, so you can move over to the ES and it won't be a knee jerk transition. The RTH for this instrument is 7PM EST to 1:15AM EST, so if you have a day job you can still trade this intraday.

Which other broker offer nikkei 225 mini?

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  #12 (permalink)
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torroray View Post
Which other broker offer nikkei 225 mini?

If you are in the United States, Interactive Brokers is the only one, as far as I know. If you are in Europe or Asia, I am not sure.

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  #13 (permalink)
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torroray View Post
Which other broker offer nikkei 225 mini?


Phillip Futures
Wisdom Trading


Philip is good but cost much more then IB.I have no idea how Wisdom is reliable but their commissions are good.

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  #14 (permalink)
Market Wizard
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The other thing I personally would consider in identifying a futures product of choice is its volatility.

Logic suggests that because more volatile instruments require higher margins (e.g. the highly volatile European DAX requires a margin almost 10 times that of the EuroStoxx 50), then the lower the volatility the lower the margin.

Apart from margin considerations volatility may be one thing to factor into your trading style.

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  #15 (permalink)
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With a 10K account you can trade many instruments if you restrict your lot size to 1 or 2. (TF and NQ, for example, have very small margin requirements (typically $500 per ct)). Both of those e-minis have great volatile swings, but TF is a bit less "swarmy". That NQ is half the loss/gain per tic over the TF is a bonus. Could also try the 6E, which is now $6.25 per tick, just a bit over the NQ, and less than TF. 6E might be good for an early-morning US trader.

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  #16 (permalink)
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What do you mean by "swarmy"

Could you expand on what you mean by "swarmy"?? I'm not familiar with that term.

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  #17 (permalink)
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RickD View Post
Could you expand on what you mean by "swarmy"?? I'm not familiar with that term.



During the day, it swings more wildly and more rapidly as compared to other instruments. NQ is a love/hate instrument for sure.


Last edited by HoopyTrading; February 20th, 2016 at 09:41 PM.
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  #18 (permalink)
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Wow...

TF is probably not the best choice if you're trying to minimize or control risk. Which for most people with smaller accounts, should be one of the top priorities. TF is a hefty contract.

As for CFD's; they give the small account trader an advantage over trading futures. The ability to reduce and adjust risk/position size below the level offered by a single futures contract. The disadvantage is usually a wider spread, but not always.

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  #19 (permalink)
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MethylSeasons View Post
What are the best futures to trade with a small (~10k) account. I was going to start with british pound futures and ZF (5yr) because they both have very low margin requirements. Does this sound like a good start or should I check out others?

you have a lot of valid suggestions in the previous posts but the best advise I could give you is to take many hours in front of your screen just to look how those different markets move and behave and to pick the one in which your feel confortable. For example I like CL but I "don't feel" ES and for some people it will be the opposite. Currencies have a very different behavior than commodities and commodities do not move as financial index, and inside those very generic groups you will find also very different way of moving etc...

R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.
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  #20 (permalink)
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I don't know why people continue to mention CFDs when OP is from the United States... CFD trading is not legal in the United States. Why would anyone even want to trade such a bizarre market when there are many futures contracts that can be traded with a small account?

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