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

  #41 (permalink)
Elite Member
Muswellbrook, NSW/Australia
 
Futures 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 04:32 PM.
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  #42 (permalink)
Trading Apprentice
South Africa
 
Futures Experience: Advanced
Platform: Metatrader, Ninja trader
Broker/Data: Pepperstone, Kinetic
Favorite Futures: 6B, 6E & GC
 
Posts: 18 since May 2015
Thanks: 10 given, 4 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

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  #43 (permalink)
Trading for Fun
Boston, MA
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Interactive Brokers, AMP/CQG
Favorite Futures: N225M (Osaka), ES
 
Posts: 165 since Dec 2014
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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?

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  #44 (permalink)
Trading Apprentice
Los Angeles California USA
 
Futures Experience: Beginner
Platform: ninjatrader
Favorite Futures: Nikkei 225 Mini (OSE), Mini Grains
 
Posts: 15 since Nov 2015
Thanks: 2 given, 1 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.

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  #45 (permalink)
Trading Apprentice
Houston, Texas
 
Futures 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?

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  #46 (permalink)
Elite Member
Portland, OR
 
Futures Experience: None
Platform: tos
Favorite Futures: NQ, SB, 6J, CL, GC
 
Massive l's Avatar
 
Posts: 1,458 since Mar 2011
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Craigskills View Post
How long did it take you to get to $9K?

A little over 4 weeks. @Craigskills

Psychology > Strategy ≥ Money
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