Best contracts to trade with small account? - Beginners and Introductions | futures io social day trading
futures io futures trading


Best contracts to trade with small account?
Updated: Views / Replies:11,481 / 60
Created: by MethylSeasons Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Best contracts to trade with small account?

  #41 (permalink)
Elite Member
Muswellbrook, NSW/Australia
 
Trading Experience: Beginner
Platform: NinjaTrader 8
Favorite Futures: CFDs on indexes
 
Posts: 14 since May 2016
Thanks: 37 given, 11 received


HoopyTrading View Post
Why would I want to pay financing charges to hold a position when right next door there are ways to trade the same instrument derivatives with no interest needed? Not to mention there seems to be much more counterparty and credit risk with CFDs. But if it works for you, stick with what works, surely!

CFDs are available on almost every instrument. It's the higher leverage and availability that sets them apart. I haven't used futures but CFDs are available in nearly every instrument i have ever wanted to trade. The commissions are soaked up in higher spreads usually and as the OP asked, what's the best for taking small accounts, you need less margin to trade CFDs. However, they are available to people in his region.

Im still learning myself about futures and aim to move into cities once i grow my account large enough to trade them.


Last edited by dalemissen; May 22nd, 2016 at 03:32 PM.
Reply With Quote
 
  #42 (permalink)
Trading Apprentice
South Africa
 
Trading Experience: Advanced
Platform: Metatrader, Ninja trader
Broker/Data: Pepperstone, Kinetic
Favorite Futures: 6B, 6E & GC
 
Posts: 19 since May 2015
Thanks: 15 given, 43 received

Trade Forex...
You can trade micro's so even with swing trading you only need a $1000 account.
some people may disagree but all markets trade in a similar manner. Forex is liquid, trading cost are minimal and the ability to scale positions is great.
But seriously learn to trade first before losing your hard earned cash

Reply With Quote
 
  #43 (permalink)
Trading for Fun
Boston, MA
 
Trading Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Interactive Brokers, AMP/CQG
Favorite Futures: N225M (Osaka), ES
 
Posts: 165 since Dec 2014
Thanks: 60 given, 117 received



00cedge View Post
Trade Forex...
You can trade micro's so even with swing trading you only need a $1000 account.
some people may disagree but all markets trade in a similar manner. Forex is liquid, trading cost are minimal and the ability to scale positions is great.
But seriously learn to trade first before losing your hard earned cash

Come on, guys... the OP asked for futures. Why are CFDs and forex being discussed?

Reply With Quote
 
  #44 (permalink)
Trading Apprentice
Los Angeles California USA
 
Trading Experience: Beginner
Platform: ninjatrader
Favorite Futures: Nikkei 225 Mini (OSE), Mini Grains
 
Posts: 17 since Nov 2015
Thanks: 4 given, 15 received

How about SGX?

They offer the Nifty and China A50. Both contracts have notional values under $20K. Volume on A50 is good (430K yesterday). Volume on Nifty is decent for a casual day trade I guess (70K yesterday).

SGX posts delayed data including bid/ask size information on their website.

Reply With Quote
The following user says Thank You to Schultz15 for this post:
 
  #45 (permalink)
Trading Apprentice
Houston, Texas
 
Trading Experience: None
Platform: Metatrader
Favorite Futures: ES
 
Posts: 1 since May 2016
Thanks: 1 given, 0 received


Massive l View Post
I took a friend's 5k account to 9k trading currency futures (GBP, USD, CAD, AUS). That doesn't mean I would recommend it. I'd say save your money and keep studying the markets (psychology, risk, strategy) while finding other ways to grow your bank account. Work hard and budget budget budget. "A penny saved is a penny got" -Ben Franklin

How long did it take you to get to $9K?

Reply With Quote
 
  #46 (permalink)
Market Wizard
Portland, OR
 
Trading Experience: None
 
Massive l's Avatar
 
Posts: 1,727 since Mar 2011
Thanks: 1,179 given, 2,714 received
Forum Reputation: Legendary


Craigskills View Post
How long did it take you to get to $9K?

A little over 4 weeks. @Craigskills

Reply With Quote
The following 2 users say Thank You to Massive l for this post:
 
  #47 (permalink)
Trading for Fun
London
 
Trading Experience: Beginner
Platform: MT4
Favorite Futures: Forex
 
Posts: 138 since Apr 2018
Thanks: 155 given, 73 received


Massive l View Post
A little over 4 weeks. @Craigskills

Wow that's pretty phenomenel!

Were you day trading to achieve that sort of return?

Would you say that you had to risk plenty of capital per trade to achieve those sort of returns?

Have you been able to maintain that sort of return over a 4 week period? If so that is an amazing ROI.

Thanks.

Sent using the futures.io mobile app

Reply With Quote
 
  #48 (permalink)
Trading for Fun
London
 
Trading Experience: Beginner
Platform: MT4
Favorite Futures: Forex
 
Posts: 138 since Apr 2018
Thanks: 155 given, 73 received


Schultz15 View Post
Great to hear success stories like this. Why do you recommend not trading currencies?

But my complaint about currency futures is they are so US dollar-centric. Fine if you only want to trade the dollar. But what if, for example, the Euro is breaking out? (OK not lately...) But maybe get a better trade setup versus GBP, JPY, AUD or some other currency. With a Forex account it's easy to check all these, as well as do other things, like construct an equal weighted basket to guage overall relative strength of each currency. Even better, you can just buy or sell the whole currency basket directly.

Also, I was shocked at the lack of liquidity on the futures currency crosses (the few that are even offered) like EURGBP, even though these are supposed to be full size contracts. I mean I was seeing dashes on the 15m charts!

This is why the regulators efforts to push forex onto the futures exchanges will continue to prove futile. They may be able to force a few retail traders onto the exchanges, but the giant financial institutions will continue to trade OTC among themselves. Real-time currency spot pricing is already published by the banks and made available to the public. So "price discovery" is accomplished. A futures exchange is not needed.

Sorry for going pretty far from the original question. But I guess my point would be decide what market you want to trade after doing lots of research. Then check what trading vehicles are available for market access. Sometimes there is a futures contract. But also consider other venues like FOREX, CFDs, ETFs, NADEX binaries/bull spreads. Lots of alternatives out there...

Great advice, there is a whole world of trading options out there particulary if you are not based on the USA.

I think that our American cousins gravitate towards futures because they offer them the chance to trade small accounts with leverage.

Much the same way that we, in the UK and Europe, gravitate towards CFDs and spot forex. They offer a small account the chance to trade with leverage.

Sent using the futures.io mobile app

Reply With Quote
 
  #49 (permalink)
Trading for Fun
London
 
Trading Experience: Beginner
Platform: MT4
Favorite Futures: Forex
 
Posts: 138 since Apr 2018
Thanks: 155 given, 73 received


Schultz15 View Post
Sure, the Nikkei Mini Osaka is perfect for trader like me. But things not so good back in USA. Really ever since Mid-Am Exchange closed in 2003-ish, there's not been a good venue here for aspiring futures traders. The CME tried with its "micros", but too little too late. By then the rest of the world had moved on to CFDs.

So, CFDs have been invaluable to me bridging the gap between paper trading and full size futures. And the trading terms are sweet. I'm getting 1 point spread on DAX and 2 point spread on DOW, for example. Because of their scalability, CFDs can be held for longer term positions too like an ETF. When Gold crashed a couple of years ago I held the same CFD short position for over a year, the whole time earning (yes earning) overnight swap interest.

Sorry but "regulation" is overrated. Retail FOREX/CFD is very competitive business. There are numerous on-line venues for making complaints about brokers. It just requires a little due diligence to avoid the occasional "scam". Most brokers really do want to keep their client's business.

Agreed, there is some lack of transparency in the industry. But some forex brokers are also publicly traded companies. So just watch the price of their stock for signs of solvency issues.

And there are data fees to consider. I just got an email from AMP futures that they are offering the Nikkei Mini. Great, but they want $29/month for the osaka exchange data. I've traded sugar a couple of times recently, but ICE recently increased their non professional fees to $120/month. Meanwhile I pay nothing for my Forex/CFD data. And it's good data. I compared my Sierra Chart "wick renkos" futures data to the non-repainting wick renkos CFD data in my MT4 account, and can hardly tell the difference. Next time I trade ICE sugar I will be using real time CFD data instead (Interactive Brokers doesn't require purchasing real time data)

The real downside to US residents trading CFDs is the funding and tax complications (FBAR, etc) of offshore accounts. But offshore accounts ARE LEGAL. If not, Mitt Romney would have been arrested a long time ago. Well, maybe not.

Anyway, of course, I'd prefer to trade futures to get special 40/60 capital gains tax break, and joy of not calculating wash sales!

Thanks @Shultz15

If you don't mind me asking who do you trade CFDs with?

Also, do you prefer CFDs to spread betting (which is tax free in the UK, not sure where you are based).

Sent using the futures.io mobile app

Reply With Quote
 
  #50 (permalink)
Trading for Fun
London
 
Trading Experience: Beginner
Platform: MT4
Favorite Futures: Forex
 
Posts: 138 since Apr 2018
Thanks: 155 given, 73 received


Great points especially on how dollar centric the currency futures are and also the shocking lack of liquidity when compared to spot forex!

Sent using the futures.io mobile app

Reply With Quote

Reply



futures io > > > > Best contracts to trade with small account?




Upcoming Webinars and Events (4:30PM ET unless noted)
 

futures io is celebrating 10-years w/ over $18,000 in prizes!

Right now
 

Pro Trader vs Pro Athlete w/Brannigan Barrett @ Habitus Capital

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Broker where I can trade FTSE with a small account Kennard Reviews of Brokers and Data Feeds 3 August 14th, 2015 09:19 PM
Small $1000 sim account Gpotter Elite Trading Journals 19 March 5th, 2012 06:29 PM
Zen & the Art of The Small Account PandaWarrior Trading Journals 994 July 25th, 2011 08:26 PM
Big time frames with small account Morainer Psychology and Money Management 10 June 24th, 2011 03:16 PM
Growing A Small account - Have to start somewhere cgleckman Trading Journals 26 April 4th, 2011 12:46 PM


Tags
5m_chart, 6e, arbitrage, binary options, broker, brokers, buy, cfd, cftc, china, cl, cme, commission, commodities, data, dax, day trading, derivative, dow, e-minis, el, elite, email, es, est, eurex, europe, eurostoxx, forex, forex brokers, ftse, funding, futures, futures markets, grief, holiday schedule, index futures, indexes, information, instrument, interactive brokers, intraday, journal, list, loss, margin, micro, micros, nadex, nikkei, nq, options, paper, paper trading, people, platform, position size, psychology, risk management, russell, short, sierra, size, spread, spreads, stock index futures, strength, support, swing, swing trading, tf, tick, time frames, top, traded, trading, trading futures, underlying, united states, values, volatility, volume

All times are GMT -4. The time now is 03:31 AM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432 WhatsApp Business, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2019-05-19 in 0.15 seconds with 13 queries on phoenix